Clarksdale Downtown Development

Analysis

Clarksdale Downtown Development is a registered charity in United States, based in Clarksdale, MS. It received its IRS tax-exemption ruling in June 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Clarksdale Downtown Development reported income of $250k and spending of $233k, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $206k to $250k (+21%), an average of +4.9% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clarksdale Downtown Development sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MS. Charities of a similar size with the same main cause include Arizona Arts Circle Ltd ($250k), Radio Free Georgia Broadcasting Foundation Inc ($250k) and Zionsville Showchoirs Inc ($250k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 47% and program service revenue 52% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.