Downtown Cincinnati Improvement District Inc

Analysis

Downtown Cincinnati Improvement District Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Cincinnati Improvement District Inc reported income of $3.2m and spending of $3.2m, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.9m to $3.2m (+12%), an average of +5.9% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Cincinnati Improvement District Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Friends of the Child Advocacy Center Inc ($3.2m), Restorative Justice for Oakland Youth ($3.2m) and Seneca Improvements Corporation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $726k against liabilities of $1,358, net assets of $725k.