Downtown Management Corporation of Ft Myers Florida Inc

Analysis

Downtown Management Corporation of Ft Myers Florida Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in September 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Downtown Management Corporation of Ft Myers Florida Inc reported income of $416k and spending of $447k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $451k to $416k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Management Corporation of Ft Myers Florida Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include National Coalition of 100 Black Women Inc Metropolitan Atlanta CH ($415k), Long Beach Accelerator Inc ($416k) and Southtowns Rural Preservation Company Inc ($415k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $102k (23% of expenses). Other salaries and wages came to $77k. At year end it held assets of $169k against liabilities of $56k, net assets of $113k. It reported 3 employees.