Half Moon Bay Downtown Association Inc

Analysis

Half Moon Bay Downtown Association Inc is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in February 2020, 6 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, Half Moon Bay Downtown Association Inc reported income of $149k and spending of $152k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $149k (+2.7%), an average of +2.7% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Half Moon Bay Downtown Association Inc 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 49th percentile within CA. Charities of a similar size with the same main cause include NC Project Lead ($149k), Ada Main Street Inc ($149k) and Freedom in Me Business Showers ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $4,471 against liabilities of $0, net assets of $4,471.