Downtowndc Foundation Inc

Analysis

Downtowndc Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 September 2023, Downtowndc Foundation Inc reported income of $639k and spending of $609k, spending 95% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $177k to $639k (+260%), an average of +53% a year. The sharpest change came in the year to September 2021, when income rose by 171%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtowndc Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include Shasta Bible College ($639k), Danvers Community Access Television Incorporated ($639k) and St Pauls Day Care Center Inc ($639k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $347k. At year end it held assets of $359k against liabilities of $0, net assets of $359k. It reported 2 employees.