Downtown Shreveport Unlimited

Analysis

Downtown Shreveport Unlimited is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in May 2020, 6 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 Shreveport Unlimited reported income of $702k and spending of $715k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $702k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 745%. 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 Shreveport Unlimited 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 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include Local 263 Cedar Rapids Sheet Metal Workers Joint Apprentice Committee ($701k), Northern Liberties Bid ($702k) and Bay Ridge 5th Avenue District Management Association Inc ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $62k (8.6% of expenses). At year end it held assets of $447k against liabilities of $414, net assets of $446k. It reported 2 employees.