Downtown Revitalization Committee

Analysis

Downtown Revitalization Committee is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in June 2014, 12 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 Revitalization Committee reported income of $55k and spending of $38k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $205k to $55k (-73%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Revitalization Committee sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include 4th Precinct Fellowship Inc ($55k), Rotary Foundation of New Albany Inc ($55k) and Sanctuary Project ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $101k against liabilities of $2,198, net assets of $99k.