Downtown South Bend Inc Foundation

Analysis

Downtown South Bend Inc Foundation is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 South Bend Inc Foundation reported income of $72k and spending of $71k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31k to $72k (+135%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 199%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Downtown South Bend Inc Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include Joy of Life on the Gulf Coast Inc ($72k), Kiwanis Foundation of Tierrasanta San Diego California ($72k) and Ricky King Foundation Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,668 against liabilities of $8,060, net assets of $1,608.