Downtown Danville Inc

Analysis

Downtown Danville Inc is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in April 1984, 42 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 Danville Inc reported income of $80k and spending of $57k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $80k (-7.7%), an average of -7.7% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Danville Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include First Jamaica Community and Urban Development Corporation ($80k), Eight Mile Boulevard Association Inc ($80k) and Stanislaus Asian American Community Resource ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $107k against liabilities of $2,200, net assets of $105k.