Gilroy Downtown Development Corp

Analysis

Gilroy Downtown Development Corp is a registered charity in United States, based in Gilroy, CA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Gilroy Downtown Development Corp reported income of $92k and spending of $69k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $92k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gilroy Downtown Development Corp sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Monsignor Jerome Schmit Charitable Foundation Inc ($92k), Sisseton Swimming Pool Association Inc ($92k) and Ramona Outdoor Community Center Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $68k against liabilities of $4,648, net assets of $63k.