Nonprofit screen
Screen a listErie Downtown Development Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$3.5Mrevenue
FY2024 · +137% in 3 yrs32staff
7 of 7years filed
’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin46.8%
Months of reserve4.6mo
Revenue growth (annualized)+21.9%
Middle half of peersMedianErie Downtown Development
Where the money goes FY2024 · $1.8M spent
Programs$1.1M57%Management and general$787k43%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$942k in FY2022 and −$1.1M in FY2023. Cash covers 4.6 months, under the peer median of 5.5.
990 Part I and balance sheetIn its favor2
Strong governance
11 of 11 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 22% a year since FY2018, in the top quarter of similar nonprofits.
990 Part I · peer cohort4funders
$59ka year, last 3 years
57%from its largest funder
Funder’18’19’20’21’22’23Mercyhurst UniversityStopped after FY2022$50k$50k$50k$88k$13k–Northwest Charitable FoundationEvery year since FY2018$25k$25k$25k$25k$25k$25kGannon UniversityStopped after FY2019$50k$50k–
FundedStopped