Downtown Oxnard Improvement Association

Analysis

Downtown Oxnard Improvement Association is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in June 2021, 5 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 Oxnard Improvement Association reported income of $506k and spending of $569k, spending 112% of what it took in. Across the 3 years on record, from November 2021 to November 2023, income grew from $298k to $506k (+70%), an average of +30% a year. The sharpest change came in the year to November 2022, when income rose by 79%. 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 Oxnard Improvement Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Local First Educational Foundation ($506k), San Francisco Transit Riders ($507k) and Re-Stor-York Inc ($506k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $77k (14% of expenses). Other salaries and wages came to $24k. At year end it held assets of $85k against liabilities of $3,596, net assets of $81k. It reported 2 employees.