Los Banos Downtown Assoc

Analysis

Los Banos Downtown Assoc is a registered charity in United States, based in Los Banos, CA. It received its IRS tax-exemption ruling in September 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Los Banos Downtown Assoc reported income of $181k and spending of $203k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $199k to $181k (-9.3%), an average of -4.8% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Los Banos Downtown Assoc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include New Capernaum Life Services ($181k), Kahua Paa Mua Inc ($181k) and Catalyst Community Partners ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 92% of the total. Other salaries and wages came to $54k. At year end it held assets of $5,697 against liabilities of $21k, net assets of -$15k. It reported 1 employees.