Downtown Berryville Inc

Analysis

Downtown Berryville Inc is a registered charity in United States, based in Berryville, VA. It received its IRS tax-exemption ruling in January 1994, 32 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 Berryville Inc reported income of $56k and spending of $71k, spending 127% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $28k to $56k (+102%), an average of +42% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Berryville Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include The Tri ($56k), Claysville Area Presivation and Revitialization Iniative ($56k) and Warwick Valley Local Development Corporation ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 35% of the total. At year end it held assets of $47k against liabilities of $1,867, net assets of $45k.