Downtown Mansfield Inc

Analysis

Downtown Mansfield Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in November 1989, 37 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 Mansfield Inc reported income of $434k and spending of $409k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $434k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Mansfield Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Danenet Inc ($434k), The Bread Bakers Guild of America ($434k) and Youths Un-Leashed Corp ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. Other salaries and wages came to $150k. At year end it held assets of $793k against liabilities of $351k, net assets of $442k. It reported 4 employees.