Downtown San Diego Partnership Foundation

Analysis

Downtown San Diego Partnership Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Downtown San Diego Partnership Foundation reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $719k to $1.4m (+90%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown San Diego Partnership Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Company One Inc ($1.4m), Chamber Music America Inc ($1.4m) and African-American Shakespeare Company ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $551k. At year end it held assets of $319k against liabilities of $291k, net assets of $28k. It reported 11 employees.