Augusta Downtown Alliance

Analysis

Augusta Downtown Alliance is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in August 2012, 14 years ago. 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, Augusta Downtown Alliance reported income of $145k and spending of $96k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $145k (+2.9%), an average of +2.9% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Augusta Downtown Alliance sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 40th percentile within ME. Charities of a similar size with the same main cause include Road Runners Club of America ($145k), National Alliance on Mental Illness of Butler County ($145k) and St Francis Diner Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $99k against liabilities of $25k, net assets of $75k.