Downtown Events Group Inc

Analysis

Downtown Events Group Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Events Group Inc reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $790k to $1.5m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 252%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Events Group Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Victoria Theater Arts Center ($1.5m), Lark Theater ($1.5m) and Claremont Community School of Music ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,209. At year end it held assets of $238k against liabilities of $359k, net assets of -$121k. It reported 4 employees.