Dumas Downtown Association

Analysis

Dumas Downtown Association is a registered charity in United States, based in Dumas, TX. It received its IRS tax-exemption ruling in September 2018, 8 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 2022, Dumas Downtown Association reported income of $148k and spending of $124k, spending 84% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $132k to $148k (+11%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dumas Downtown Association sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Four Corners Main Street Inc ($147k), Main Street Fort Smith ($148k) and Womens Care Center of Bartow Inc ($147k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Other salaries and wages came to $49k. At year end it held assets of $71k against liabilities of -$7,323, net assets of $79k. It reported 2 employees.