Bainbridge Island Downtown Association

Analysis

Bainbridge Island Downtown Association is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in October 1999, 27 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, Bainbridge Island Downtown Association reported income of $199k and spending of $256k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $267k to $199k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bainbridge Island Downtown Association 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 51st percentile within WA. Charities of a similar size with the same main cause include Marion County Family Resource Network Inc ($199k), Operation Nightingale USA ($200k) and Dodd Education and Support Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $61k against liabilities of $1,981, net assets of $59k.