Rediscover Downtown Peru Inc

Analysis

Rediscover Downtown Peru Inc is a registered charity in United States, based in Peru, IN. It received its IRS tax-exemption ruling in November 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, Rediscover Downtown Peru Inc reported income of $92k and spending of $87k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $92k (+12%), an average of +12% a year. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rediscover Downtown Peru Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include Direct Establishment ($92k), Manufacturers Council of the Inland Empire ($92k) and Junior League of the Emerald Coast Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.