Downtown Churches United Inc

Analysis

Downtown Churches United Inc is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Downtown Churches United Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $602k to $1.4m (+130%), an average of +23% a year. The sharpest change came in the year to September 2022, when income rose by 55%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Downtown Churches United Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include City of Lights ($1.4m), Global Center of Gur Inc ($1.4m) and Ahmadi Religion of Peace and Light ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $21k (1.7% of expenses). Other salaries and wages came to $7,424. At year end it held assets of $797k against liabilities of $3,735, net assets of $794k. It reported 1 employees.