Downtown Community Partnership Bid

Analysis

Downtown Community Partnership Bid is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in April 2016, 10 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 Community Partnership Bid reported income of $784k and spending of $688k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $784k (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Community Partnership Bid sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within ND. Charities of a similar size with the same main cause include Twelfth Street Heritage Development Corp ($784k), Jamestown Renaissance Corporation ($785k) and Spartanburg Recreational Facilities Corporation ($783k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $231k against liabilities of $45k, net assets of $185k.