Downtown Oxford Economic Development Corporation

Analysis

Downtown Oxford Economic Development Corporation is a registered charity in United States, based in Oxford, NC. It received its IRS tax-exemption ruling in November 1997, 29 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 2024, Downtown Oxford Economic Development Corporation reported income of $66k and spending of $91k, spending 137% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $94k to $66k (-29%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Oxford Economic Development Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Hub Civic Center Inc ($66k), Hopkins Raspberry Festival ($66k) and Frente Hispano Local 79 Inc ($66k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $204k against liabilities of $98, net assets of $204k.