Old Town Commercial Association

Analysis

Old Town Commercial Association is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in June 1997, 29 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, Old Town Commercial Association reported income of $261k and spending of $226k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $261k (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Old Town Commercial Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Muslim Outreach and Volunteer Enterprise Inc ($261k), Hudson Cultural Alliance Inc ($261k) and Keep Ohio Beautiful Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $40k (18% of expenses). At year end it held assets of $142k against liabilities of $74k, net assets of $68k. It reported 2 employees.