Destination Downtown Lancaster Inc

Analysis

Destination Downtown Lancaster Inc is a registered charity in United States, based in Lancaster, OH. It received its IRS tax-exemption ruling in November 2006, 20 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, Destination Downtown Lancaster Inc reported income of $253k and spending of $277k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $253k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Destination Downtown Lancaster 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 58th percentile, and in the 58th percentile within OH. Charities of a similar size with the same main cause include Lobster Theater Project ($253k), Asi-Kp Inc ($253k) and Siletz Bay Music Festival ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $69k (25% of expenses). Other salaries and wages came to $57k. At year end it held assets of $115k against liabilities of $3,702, net assets of $112k. It reported 4 employees.