Historic Downtown Gallatin Inc

Analysis

Historic Downtown Gallatin Inc is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in December 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Downtown Gallatin Inc reported income of $270k and spending of $164k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $270k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Downtown Gallatin Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Nhhi-New Brighton Inc ($270k), Raleigh R Ross TX Surgical Society Scholarship Fund Charitable Trust ($270k) and CSB Youth Hockey Association Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 22% of the total. Other salaries and wages came to $58k. At year end it held assets of $245k against liabilities of $1,022, net assets of $244k. It reported 1 employees.