Downtown SRQ Enrichment Inc

Analysis

Downtown SRQ Enrichment Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 2019, 7 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, Downtown SRQ Enrichment Inc reported income of $106k and spending of $89k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $125k to $106k (-16%), an average of -8.2% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown SRQ Enrichment Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Old Algiers Main Street Program ($106k), Greater Hamilton Center for Business & Technology Inc ($106k) and Alto Economic Development Corporation ($106k).

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 $25k against liabilities of $0, net assets of $25k.