Louisa Downtown Development Corporation

Analysis

Louisa Downtown Development Corporation is a registered charity in United States, based in Louisa, VA. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Louisa Downtown Development Corporation reported income of $407k and spending of $443k, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $358k to $407k (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Louisa Downtown Development Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Hillview Middle School Parent Teacher Organization ($407k), Robotics Science and Systems Foundation ($407k) and Carley Cunniff Peter S Dixon MD Foundation ($406k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $193k. At year end it held assets of $184k against liabilities of $1,327, net assets of $182k. It reported 9 employees.