Downtown Downey Improvement Association

Analysis

Downtown Downey Improvement Association is a registered charity in United States, based in Downey, CA. It received its IRS tax-exemption ruling in May 2019, 7 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 November 2023, Downtown Downey Improvement Association reported income of $248k and spending of $246k, spending 99% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $228k to $248k (+8.9%), an average of +2.1% a year. 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 Downey Improvement Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Ohio Energy and Advanced Manufacturing Center Inc ($248k), Junior League of St Petersburg Fla Incorporated ($248k) and Redemption Outreach Services Inc ($248k).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $55k against liabilities of $1,237, net assets of $54k.