Downtown Danville Association

Analysis

Downtown Danville Association is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in March 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 June 2023, Downtown Danville Association reported income of $579k and spending of $706k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $493k to $579k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 229%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Danville Association sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Allapattah Collaborative Community Development Corporation ($579k), Southeast Keller Corporation ($579k) and Keith County Area Development Inc ($579k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $758k against liabilities of $26k, net assets of $732k.