Down by Downtown Music Inc

Analysis

Down by Downtown Music Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. 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, Down by Downtown Music Inc reported income of $160k and spending of $152k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $179k to $160k (-11%), an average of -11% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Down by Downtown Music Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Delta Omega Foundation Inc ($160k), League of Volunteers for Exceptional People Inc ($160k) and National Institute for State Credit Union Examination ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 86% of the total. At year end it held assets of $49k against liabilities of $2,458, net assets of $46k.