Wenatchee Downtown Association

Analysis

Wenatchee Downtown Association is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in April 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wenatchee Downtown Association reported income of $293k and spending of $254k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $293k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wenatchee Downtown Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include Southwest Educational Partners for Training ($293k), West Monroe Downtown Revitalization Group ($293k) and MLK Avenue Redevelopment Corporation ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $80k (32% of expenses). Other salaries and wages came to $41k. At year end it held assets of $401k against liabilities of $728, net assets of $400k. It reported 4 employees.