Downtown Florence Alliance

Analysis

Downtown Florence Alliance is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in October 1993, 33 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 September 2023, Downtown Florence Alliance reported income of $128k and spending of $128k, spending 100% of its income. Across the 3 years on record, from September 2021 to September 2023, income fell from $164k to $128k (-22%), an average of -12% a year. The sharpest change came in the year to September 2022, when income dropped by 42%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Florence Alliance sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within AL. Charities of a similar size with the same main cause include Boling District Improvement Association ($128k), Womans City Club of Greater Cincinnati ($128k) and Flight Expo Inc ($128k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 39% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.