Staunton Downtown Development Association Inc

Analysis

Staunton Downtown Development Association Inc is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2023, Staunton Downtown Development Association Inc reported income of $237k and spending of $245k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $241k to $237k (-2.0%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Staunton Downtown Development Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include San Ramon Valley High School Athletic Booster Club ($237k), Taoist Studies Institute ($237k) and Bainbridge Water Polo Club Inc ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $131k. At year end it held assets of $61k against liabilities of $2,616, net assets of $58k. It reported 4 employees.