Olympia Downtown Association

Analysis

Olympia Downtown Association is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in August 2007, 19 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 (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, Olympia Downtown Association reported income of $777k and spending of $794k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $777k (+135%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Olympia Downtown Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Lindsborg Old Mill and Swedish Heritage Museum Inc ($777k), Society for Prevention Research Incorporated ($777k) and The Wiregrass Museum of Art Inc ($777k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (14% of expenses). Other salaries and wages came to $225k. At year end it held assets of $152k against liabilities of $0, net assets of $152k.