Bel Air Downtown Alliance Inc

Analysis

Bel Air Downtown Alliance Inc is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Bel Air Downtown Alliance Inc reported income of $657k and spending of $693k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $452k to $657k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 276%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bel Air Downtown Alliance Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include African Refugee Immigrant Organization ($657k), Boys Girls Adults Community Development Center ($657k) and Franklin County Local Development Corporation ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 37% of the total. Other salaries and wages came to $166k. At year end it held assets of $309k against liabilities of $4,414, net assets of $304k. It reported 3 employees.