Conway Downtown Alive Inc

Analysis

Conway Downtown Alive Inc is a registered charity in United States, based in Conway, SC. It received its IRS tax-exemption ruling in March 1988, 38 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 2023, Conway Downtown Alive Inc reported income of $328k and spending of $332k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $186k to $328k (+76%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Conway Downtown Alive Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Kirkland Community Foundation ($328k), West End Revitalization Association ($328k) and Wednesday Club of St Louis ($328k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $64k (19% of expenses). Other salaries and wages came to $51k. At year end it held assets of $469k against liabilities of $336k, net assets of $133k. It reported 6 employees.