Downtown Development Committee Nonprofit Corporation

Analysis

Downtown Development Committee Nonprofit Corporation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Development Committee Nonprofit Corporation reported income of $1.7m and spending of $108k, leaving 94% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.7m (+16%), an average of +5.0% a year. Over the whole period it spent 4.8% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Development Committee Nonprofit Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Bethlehem House ($1.7m), Suncoast Health Council Inc ($1.7m) and Columbus Library Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $5.9m against liabilities of $16k, net assets of $5.9m.