Friends of Downtown Demopolis

Analysis

Friends of Downtown Demopolis is a registered charity in United States, based in Demopolis, AL. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Friends of Downtown Demopolis reported income of $124k and spending of $156k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $124k (+10%), an average of +10% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Downtown Demopolis sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within AL. Charities of a similar size with the same main cause include Momentum ($124k), Illinois Backstretch Charitable Foundation ($125k) and Pilger Community Development Fund ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.