Downtown Chamber Series

Analysis

Downtown Chamber Series is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Downtown Chamber Series reported income of $81k and spending of $60k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $31k to $81k (+159%), an average of +159% a year. The sharpest change came in the year to June 2024, when income rose by 159%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Chamber Series sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AZ. Charities of a similar size with the same main cause include Missouri Valley Historical Society ($81k), DFW Tamil Foundation ($81k) and Theatre Theatre Maui ($81k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $28k against liabilities of $459, net assets of $28k.