Downtown Painesville Organization

Analysis

Downtown Painesville Organization is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in August 2007, 19 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, Downtown Painesville Organization reported income of $78k and spending of $106k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $78k (+8.0%), an average of +8.0% a year. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Painesville Organization 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 30th percentile, and in the 31st percentile within OH. Charities of a similar size with the same main cause include Kern County Sheriffs Mounted Posse ($78k), Onondaga Civic Development Corporation ($78k) and Benedict-Allen Community Corp ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 6.9% of the total. At year end it held assets of $6,798 against liabilities of $0, net assets of $6,798.