Astoria Downtown Development Association

Analysis

Astoria Downtown Development Association is a registered charity in United States, based in Astoria, OR. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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, Astoria Downtown Development Association reported income of $362k and spending of $397k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $229k to $362k (+58%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Astoria Downtown Development 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 65th percentile, and in the 64th percentile within OR. Charities of a similar size with the same main cause include Michigan Association of Conservation Districts ($362k), Lockport Volunteer Fire Company ($362k) and American Gynecological and Obstetrical Society ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $64k (16% of expenses). Other salaries and wages came to $101k. At year end it held assets of $295k against liabilities of $2,559, net assets of $293k. It reported 6 employees.