Historic Downtown Kennewick Partners

Analysis

Historic Downtown Kennewick Partners is a registered charity in United States, based in Kennewick, WA. It received its IRS tax-exemption ruling in September 2000, 26 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 2022, Historic Downtown Kennewick Partners reported income of $246k and spending of $216k, spending 88% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $242k to $246k (+1.7%), an average of +1.7% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Downtown Kennewick Partners sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include St James Service Club Inc ($246k), Hardy County Convention and Visitors Bureau ($246k) and FBC Community Outreach ($246k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $82k (38% of expenses). Other salaries and wages came to $29k. At year end it held assets of $236k against liabilities of $25k, net assets of $211k. It reported 3 employees.