Downstown Inc

Analysis

Downstown Inc is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Downstown Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.2m (+15%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Downstown Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Parkland Manor Inc ($1.2m), Asian Neighborhood Design Inc ($1.2m) and Nameless Coalition for the Homeless ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $808k. At year end it held assets of $1.5m against liabilities of $836k, net assets of $622k. It reported 27 employees.