Downtown Topeka Foundation

Analysis

Downtown Topeka Foundation is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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 Topeka Foundation reported income of $973k and spending of $1.5m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $973k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Topeka Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KS. Charities of a similar size with the same main cause include Disability Voices United ($973k), Association to Preserve the Eatonville Community Inc ($973k) and Florida Center for the Blind Inc ($973k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $8.1m against liabilities of $748k, net assets of $7.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.