Downtown Mantua Revitalization Corporation

Analysis

Downtown Mantua Revitalization Corporation is a registered charity in United States, based in Mantua, OH. It received its IRS tax-exemption ruling in September 2010, 16 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 December 2023, Downtown Mantua Revitalization Corporation reported income of $63k and spending of $55k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $63k (-8.3%), an average of -8.3% a year. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Mantua Revitalization Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include International Chemical Biology Society ($63k), Oromo Community Organization ($63k) and Discover Downtown Petersburg Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.