Downtown Partnership

Analysis

Downtown Partnership is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in September 1999, 27 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, Downtown Partnership reported income of $675k and spending of $779k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $771k to $675k (-12%), an average of -3.3% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Partnership sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within AR. Charities of a similar size with the same main cause include Indy Black Chamber of Commerce Inc ($674k), Urban Enterprise Association of South Bend Inc ($675k) and Urban Rural Action ($673k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $182k (23% of expenses). Other salaries and wages came to $187k. At year end it held assets of $429k against liabilities of $218k, net assets of $211k. It reported 5 employees.