Historic Downtown District of Crystal Lake Inc

Analysis

Historic Downtown District of Crystal Lake Inc is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in January 1997, 29 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, Historic Downtown District of Crystal Lake Inc reported income of $139k and spending of $130k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $139k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Downtown District of Crystal Lake Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Driftless Community Radio Inc ($139k), Friens of Homestead National Monument of America ($139k) and Railroad Museum of Long Island ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 5.7% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.