Downtown Ventura Organization

Analysis

Downtown Ventura Organization is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in July 2007, 19 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 Ventura Organization reported income of $70k and spending of $89k, spending 127% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $400k to $70k (-83%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Ventura Organization sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Bishop Rotary Foundation ($70k), Golden Prairie Honey Farms Corp ($70k) and Secular Hub Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.