Elizabeth City Downtown a Revital

Analysis

Elizabeth City Downtown a Revital is a registered charity in United States, based in Elizabeth Cty, NC. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Elizabeth City Downtown a Revital reported income of $156k and spending of $90k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $125k to $156k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elizabeth City Downtown a Revital sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Centre for Arts & Artists ($156k), Lincoln Institute of Public Opinion Research Inc ($157k) and Society of Mayflower Descendants in the State of California Inc ($156k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $603k against liabilities of $59k, net assets of $543k.