North Bend Downtown Foundation

Analysis

North Bend Downtown Foundation is a registered charity in United States, based in North Bend, WA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, North Bend Downtown Foundation reported income of $226k and spending of $176k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $226k (+412%), an average of +412% a year. The sharpest change came in the year to December 2023, when income rose by 412%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Bend Downtown Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Panger Productions ($226k), Irish Dance Teachers Association of Mid-America ($226k) and World Jewish Heritage Fund Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $21k (12% of expenses). At year end it held assets of $126k against liabilities of $0, net assets of $126k. It reported 1 employees.