Downtown Middletown Inc

Analysis

Downtown Middletown Inc is a registered charity in United States, based in Middletown, OH. It received its IRS tax-exemption ruling in March 2013, 13 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, Downtown Middletown Inc reported income of $258k and spending of $335k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $255k to $258k (+1.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Middletown Inc 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 OH. Charities of a similar size with the same main cause include Rotary Club of Tulsa Foundation ($258k), Oneredmond Foundation ($258k) and Youth Leadership Authority Inc ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). At year end it held assets of $138k against liabilities of $77k, net assets of $61k. It reported 1 employees.