Downtown Evansville - Community Development Corporation

Analysis

Downtown Evansville - Community Development Corporation is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Downtown Evansville - Community Development Corporation reported income of $79k and spending of $58k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to September 2023, income fell from $420k to $79k (-81%), an average of -43% a year. The sharpest change came in the year to September 2022, when income rose by 217%. Over the whole period it spent 9.1% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Evansville - Community Development Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within IN. Charities of a similar size with the same main cause include Church & Community Assistance Program Inc ($79k), Round the Mountain Southwest Virginias Artisan Network ($79k) and Springfield on the Move Inc ($79k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% of the total. At year end it held assets of $1.9m against liabilities of $1.7m, net assets of $218k.