Downtown Frederick Partnership Inc

Analysis

Downtown Frederick Partnership Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 1990, 36 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 June 2024, Downtown Frederick Partnership Inc reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $2.1m (+87%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Frederick Partnership Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Missouri Goodwill Industries ($2.1m), Higher Ground Building Company ($2.1m) and Alliance for the Shenandoah Valley ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $216k (11% of expenses). Other salaries and wages came to $151k. At year end it held assets of $1.1m against liabilities of $133k, net assets of $1.0m. It reported 4 employees.