Downtown Sanford Inc

Analysis

Downtown Sanford Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in January 1989, 37 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 2024, Downtown Sanford Inc reported income of $390k and spending of $379k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $223k to $390k (+75%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Sanford Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Dolphin Volunteer Fire Dept ($390k), Laurel Senior Center ($390k) and Habitat for Humanity International Inc ($390k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Other salaries and wages came to $152k. At year end it held assets of $99k against liabilities of $479, net assets of $98k. It reported 10 employees.