Silverton Downtown Association Inc

Analysis

Silverton Downtown Association Inc is a registered charity in United States, based in Silverton, TX. It received its IRS tax-exemption ruling in August 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 December 2023, Silverton Downtown Association Inc reported income of $82k and spending of $76k, spending 92% of its income. Across the 5 years on record, from September 2020 to December 2023, income fell from $382k to $82k (-79%), an average of -32% a year. The sharpest change came in the year to December 2021, when income rose by 221%. Over the whole period it spent 19% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Silverton Downtown Association Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Lexington-Bluegrass Area Minority Expo Inc ($82k), Laborers Joint Apprenticeship Andtraining Trust of Wyoming ($82k) and Society for Maintenance and Reliability Professionals Foundati ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.