Digitunity Inc

Analysis

Digitunity Inc is a registered charity in United States, based in North Conway, NH. It received its IRS tax-exemption ruling in November 2021, 5 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, Digitunity Inc reported income of $201k and spending of $2.4m, spending 1215% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $5.4m to $201k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Digitunity Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within NH. Charities of a similar size with the same main cause include West End Economic Development Corporation ($201k), Rolland Curtis Commercial Qalicb Inc ($201k) and Loiter ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $653k (27% of expenses). Other salaries and wages came to $275k. It paid $2,500 in professional fundraising fees. At year end it held assets of $639k against liabilities of $89k, net assets of $550k. It reported 9 employees.