Alton Park Development Corp

Analysis

Alton Park Development Corp is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in November 2014, 12 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, Alton Park Development Corp reported income of $174k and spending of $152k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $282k to $174k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Alton Park Development Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within TN. Charities of a similar size with the same main cause include Red Wing Downtown Council Main Street Inc ($174k), Rise in Love ($174k) and Launch Pad Baker ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $389k against liabilities of $0, net assets of $389k.