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North Carolina · Nonprofit

ASHEVILLE DOWNTOWN ASSOCIATION INC

ASHEVILLE DOWNTOWN ASSOCIATION INC (North Carolina) receives grants from 4 organizations whose IRS filings report $55,765 to it, the largest being Asheville Area Arts Council ($21,765). 1 of them have funded it in more than one year.

$794k
Revenue FY2025
4
Funders on record
$56k
Grants received
$323k
Net assets
1/4 repeat funderspeak grant-dependency 4%

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($468k) Expenses 100 ($460k) Net assets 100 ($302k)2018 Revenue 103 ($482k) Expenses 102 ($467k) Net assets 105 ($317k)2019 Revenue 108 ($503k) Expenses 103 ($473k) Net assets 115 ($347k)2020 Revenue 29 ($134k) Expenses 45 ($209k) Net assets 91 ($273k)2021 Revenue 34 ($158k) Expenses 37 ($170k) Net assets 87 ($261k)2022 Revenue 105 ($492k) Expenses 92 ($423k) Net assets 110 ($331k)2023 Revenue 104 ($488k) Expenses 107 ($491k) Net assets 109 ($328k)2024 Revenue 112 ($523k) Expenses 132 ($608k) Net assets 80 ($242k)2025 Revenue 170 ($794k) Expenses 155 ($714k) Net assets 107 ($323k)
'17'18'19'20'21'22'23'24'25
Revenue (170)Expenses (155)Net assets (107)

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 18% · 2021 14% · 2022 0% · 2023 2% · 2024 3% · 2025 5%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$8k
17
$15k
18
$31k
19
$74k
20
$12k
21
$69k
22
$3k
23
$85k
24
$80k
25
4.3
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2020: the base held at 1 funder, grant income fell $9k → $5k.

From the IRS filings of ASHEVILLE DOWNTOWN ASSOCIATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ASHEVILLE DOWNTOWN ASSOCIATION INC leans on a few funders — its largest provides 39% of grant income and the top three 84%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

73% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ASHEVILLE DOWNTOWN ASSOCIATION INC.

39%
largest funder
84%
top three
~4
effective funders

Largest funder’s share by year: 2017 100% · 2019 100% · 2020 100%broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

57% of ASHEVILLE DOWNTOWN ASSOCIATION INC's grant income comes from North Carolina funders.

IL
CT
NC

In-state vs out-of-state, by year

17
19
20
North Carolina out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like ASHEVILLE DOWNTOWN ASSOCIATION INC

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

89% of spending goes to programs.

Program 89%Management 11%Fundraising 0%

Governance

13
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for ASHEVILLE DOWNTOWN ASSOCIATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ASHEVILLE DOWNTOWN ASSOCIATION INC?
ASHEVILLE DOWNTOWN ASSOCIATION INC (North Carolina) receives grants from 4 organizations whose IRS filings report $55,765 to it, the largest being Asheville Area Arts Council ($21,765). 1 of them have funded it in more than one year.
How many funders does ASHEVILLE DOWNTOWN ASSOCIATION INC have?
IRS filings report 4 organizations giving $55,765 in grants to ASHEVILLE DOWNTOWN ASSOCIATION INC, 1 of which have funded it in more than one year.
Who is the largest funder of ASHEVILLE DOWNTOWN ASSOCIATION INC?
Asheville Area Arts Council is the largest funder on record, with $21,765 in grants. The full list of funders is on this page.
How can an organization like ASHEVILLE DOWNTOWN ASSOCIATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 4funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing