Downtown Canton Special Improvement District Inc

Analysis

Downtown Canton Special Improvement District Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in January 2011, 15 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 Canton Special Improvement District Inc reported income of $288k and spending of $363k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $239k to $288k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 1728%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Canton Special Improvement District Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Carson County Jr Livestock Show Association ($288k), Ancora Transition Services Inc ($288k) and Blessing Box Resale Store Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.5% of the total. At year end it held assets of $212k against liabilities of $2,064, net assets of $210k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.