Downtown Bentonville Inc

Analysis

Downtown Bentonville Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Bentonville Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $1.1m (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Bentonville Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within AR. Charities of a similar size with the same main cause include Hui Malama O Ke Kai Foundation ($1.1m), The Drawing Studio Inc ($1.1m) and Spirit of Atlanta Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $515k. At year end it held assets of $362k against liabilities of $66k, net assets of $296k. It reported 11 employees.

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.