Downtown Bellingham Association

Analysis

Downtown Bellingham Association is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in September 2014, 12 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 Bellingham Association reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $597k to $1.4m (+132%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Bellingham Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Dakota Business Finance ($1.4m), The Chamber Foundation Inc ($1.4m) and Independent Electrical Contractors Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Other salaries and wages came to $476k. At year end it held assets of $502k against liabilities of $61k, net assets of $442k. It reported 14 employees.