Downtown Springfield Inc

Analysis

Downtown Springfield Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in February 2026. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Springfield Inc reported income of $327k and spending of $319k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $413k to $327k (-21%), an average of -5.7% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Springfield Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Native Island Business & Community Affairs Association Inc ($327k), Second Chance Center of Hope ($327k) and Far Away Friends Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 49% of the total. At year end it held assets of $252k against liabilities of $1,743, net assets of $250k. It reported 6 employees.