Muncie Downtown Development Partnership

Analysis

Muncie Downtown Development Partnership is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in September 1998, 28 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, Muncie Downtown Development Partnership reported income of $459k and spending of $478k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $377k to $459k (+22%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Muncie Downtown Development Partnership sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Groundswell Startups Inc ($459k), Marietta Welcome Center Inc ($459k) and Identity Clark County ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Other salaries and wages came to $197k. At year end it held assets of $246k against liabilities of $132, net assets of $246k. It reported 1 employees.