Amherst Downtown & Betterment Association

Analysis

Amherst Downtown & Betterment Association is a registered charity in United States, based in Amherst, OH. It received its IRS tax-exemption ruling in March 2003, 23 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 December 2023, Amherst Downtown & Betterment Association reported income of $167k and spending of $120k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $135k to $167k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amherst Downtown & Betterment Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Essence Theatre-Studio ($167k), International Monster Truck Museum and Hall of Fame Incorporated ($167k) and University Consortium for Geographic Information Science ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $364k against liabilities of $19k, net assets of $345k.