Downtown Ontario Improvement Association

Analysis

Downtown Ontario Improvement Association is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in May 2020, 6 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 November 2023, Downtown Ontario Improvement Association reported income of $471k and spending of $492k, spending 105% of its income. Across the 4 years on record, from November 2020 to November 2023, income grew from $443k to $471k (+6.1%), an average of +2.0% a year. The sharpest change came in the year to November 2022, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Ontario Improvement Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Kansas City Regional Destination Development Foundati ($470k), Uptown Whittier Improvement Association ($471k) and Sixth Economic Empowerment Development Inc ($470k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (17% of expenses). Other salaries and wages came to $826. At year end it held assets of $667k against liabilities of $256k, net assets of $411k. It reported 1 employees.