Downtown Springdale Alliance

Analysis

Downtown Springdale Alliance is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in July 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 2023, Downtown Springdale Alliance reported income of $739k and spending of $721k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $739k (+177%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Springdale Alliance sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within AR. Charities of a similar size with the same main cause include Wyoming Womens Business Center ($738k), Kauai Planning & Action Alliance Inc ($739k) and Impact Africa Network Inc ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $114k (16% of expenses). Other salaries and wages came to $229k. At year end it held assets of $1.1m against liabilities of $15k, net assets of $1.1m. It reported 9 employees.