Vancouvers Downtown Association

Analysis

Vancouvers Downtown Association is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in March 2001, 25 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, Vancouvers Downtown Association reported income of $388k and spending of $425k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $325k to $388k (+19%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vancouvers Downtown Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within WA. Charities of a similar size with the same main cause include Mays Mission for the Handicapped Inc ($388k), West Brighton Community Local Development Corporation ($388k) and Greater Austin Nepali Society ($388k).

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 $90k (21% of expenses). Other salaries and wages came to $41k. At year end it held assets of $357k against liabilities of $5,637, net assets of $351k. It reported 3 employees.