Discover Downtown Petersburg Inc

Analysis

Discover Downtown Petersburg Inc is a registered charity in United States, based in Petersburg, IN. It received its IRS tax-exemption ruling in December 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Discover Downtown Petersburg Inc reported income of $63k and spending of $68k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $63k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Discover Downtown Petersburg 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 22nd percentile within IN. Charities of a similar size with the same main cause include Washington Operation Lifesaver ($63k), International Chemical Biology Society ($63k) and Belmont Womans Club ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.