Downtown Now

Analysis

Downtown Now is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Now reported income of $265k and spending of $357k, spending 134% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $106k to $265k (+149%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 575%. Over the whole period it spent 175% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Downtown Now sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MO. Charities of a similar size with the same main cause include Central Florida Hotel & Lodging Association Foundation Inc ($265k), From Cradle to College Foundation ($266k) and National Christian Charitable Foundation Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $5.8m against liabilities of $2,943, net assets of $5.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.