Downtown Oakland Association

Analysis

Downtown Oakland Association is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2010, 16 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 Oakland Association reported income of $3.0m and spending of $2.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.0m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 23%. 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 Oakland Association sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Trinity Park Conservancy Community Development Corporation ($3.0m), Marca Industries Incorporated ($3.0m) and Vital Communities Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 74% of the total. At year end it held assets of $692k against liabilities of $0, net assets of $692k.