Kent Downtown

Analysis

Kent Downtown is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in August 1996, 30 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 2023, Kent Downtown reported income of $766k and spending of $473k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $766k (+207%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kent Downtown sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include 1951 Coffee Company ($765k), Gaston Innovation Group Inc ($766k) and Aire Ventures Inc ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $84k (18% of expenses). Other salaries and wages came to $24k. At year end it held assets of $602k against liabilities of $1,767, net assets of $600k. It reported 3 employees.