Downtown Orangeburg Revitalization Association

Analysis

Downtown Orangeburg Revitalization Association is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in May 1994, 32 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 2022, Downtown Orangeburg Revitalization Association reported income of $189k and spending of $199k, spending 105% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $727k to $189k (-74%), an average of -36% a year. The sharpest change came in the year to December 2020, when income dropped by 76%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Orangeburg Revitalization Association sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 58th percentile within SC. Charities of a similar size with the same main cause include Coalition for Economic Justice Inc ($189k), Mandell Winlow Security Foundation ($189k) and Moosehead Lake Region Economic Development Corp ($189k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $53k (26% of expenses). Other salaries and wages came to $10k. At year end it held assets of $1.0m against liabilities of $325k, net assets of $695k. It reported 2 employees.