Downtown Amherst Foundation

Analysis

Downtown Amherst Foundation is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Downtown Amherst Foundation reported income of $658k and spending of $543k, spending 83% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $318k to $658k (+107%), an average of +44% a year. The sharpest change came in the year to June 2022, when income rose by 175%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Amherst Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Louisville Regional Airlift Development Inc ($658k), Clarion County Economic Development Corporation ($658k) and Women Veterans Ignited Inc ($658k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $112k. At year end it held assets of $839k against liabilities of $6,093, net assets of $833k. It reported 12 employees.