Mount Airy Downtown

Analysis

Mount Airy Downtown is a registered charity in United States, based in Mount Airy, NC. It received its IRS tax-exemption ruling in March 2015, 11 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 June 2024, Mount Airy Downtown reported income of $156k and spending of $146k, spending 94% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $113k to $156k (+37%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mount Airy Downtown 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 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Focus Cincinnati Inc ($156k), Keep Peachtree City Beautiful Inc ($156k) and Heroes for Healthcare Inc ($156k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $87k against liabilities of $2,743, net assets of $84k.