San Jose Downtown Foundation

Analysis

San Jose Downtown Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 1996, 30 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 June 2023, San Jose Downtown Foundation reported income of $53k and spending of $46k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $35k to $53k (+54%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, San Jose Downtown Foundation 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 23rd percentile within CA. Charities of a similar size with the same main cause include Terre Haute Womens Club Inc ($53k), Florissant Rotary Club Foundation ($53k) and Waban Improvement Society Inc ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 150% and program service revenue 7.7% of the total. At year end it held assets of $108k against liabilities of $4,000, net assets of $104k.