Downtown Southport Inc

Analysis

Downtown Southport Inc is a registered charity in United States, based in Southport, NC. It received its IRS tax-exemption ruling in September 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 Southport Inc reported income of $64k and spending of $70k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $64k (-5.5%), an average of -5.5% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Southport Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Red River Valley Estate Planning Council ($64k), Naturalbuildingorg ($64k) and Action for India ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 94% of the total. At year end it held assets of $76k against liabilities of $6,155, net assets of $70k.