Downtown Bellefonte Inc

Analysis

Downtown Bellefonte Inc is a registered charity in United States, based in Bellefonte, PA. It received its IRS tax-exemption ruling in September 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 December 2023, Downtown Bellefonte Inc reported income of $120k and spending of $177k, spending 148% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $143k to $120k (-16%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Bellefonte Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Cape Verdean Recognition Committee Inc ($120k), Franklin Place Inc ($120k) and Claymont Renaissance Development Corporation Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $111k against liabilities of $19k, net assets of $92k.