Friends of Downtown Pensacola Inc

Analysis

Friends of Downtown Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Downtown Pensacola Inc reported income of $177k and spending of $192k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $245k to $177k (-28%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Downtown Pensacola Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include New Wilmington Edcom ($177k), Flag Velo Inc ($177k) and Hcpi Development Fund Inc ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $13k against liabilities of $8,318, net assets of $4,753.