Downtown Fort Lauderdale Tma Inc

Analysis

Downtown Fort Lauderdale Tma Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in December 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 Fort Lauderdale Tma Inc reported income of $153k and spending of $289k, spending 189% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.3m to $153k (-93%), an average of -49% a year. The sharpest change came in the year to September 2021, when income dropped by 90%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Fort Lauderdale Tma Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Cedar Valley Growth Fund I Inc ($153k), Hope Included ($153k) and Serverie ($153k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 273% of the total. Compensation of current officers, directors and key employees was $112k (39% of expenses). At year end it held assets of $288k against liabilities of $1,048, net assets of $287k. It reported 1 employees.