Paradise Valley Cultural and Entertainment District Conservancy

Analysis

Paradise Valley Cultural and Entertainment District Conservancy is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 2023, 3 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, Paradise Valley Cultural and Entertainment District Conservancy reported income of $222k and spending of $43k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4,000 to $222k (+5461%), an average of +173% a year. The sharpest change came in the year to December 2023, when income rose by 709%. Over the whole period it spent 31% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Paradise Valley Cultural and Entertainment District Conservancy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include National Tribal Geographic Information Support Center ($222k), Junior League of Montgomery Incorporated ($223k) and Graces of Gurley Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.