Downtown Evansville - Community Development Corporation is a 501(c)(3) organization based in Evansville, Indiana, registered in 2019, with $4,066,583 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$4.1M
▲ 95.9% vs prior year
Community median: $184K
Expenses (FY2024)
$4.0M
Net assets
$1.0M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Downtown Evansville - Community Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Downtown Evansville - Community Development Corporation: 3 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Downtown Evansville - Community Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Downtown Evansville - Community Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $420K (FY2019) to $4.1M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
1.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.9M
Total liabilities
$1.9M
Net assets
$1.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,066,583▲95.9% | $4,013,353▲3162% | $1,026,779▼8.7% | $2,932,336▲67.5% | 990 |
| 2023 | $2,075,793▲2539% | $123,039▲111% | $1,125,051▲415% | $1,750,163▼9.5% | 990 |
| 2022 | $78,649▼96.9% | $58,277▲153% | $218,247▲3.1% | $1,933,902▼29.3% | 990 |
| 2021 | $2,529,804▲3303% | $23,064▼74.3% | $211,717▼2.2% | $2,734,804▲1163% | 990 |
| 2020 | $74,338▼82.3% | $89,618▼52.3% | $216,471▼6.6% | $216,471▼6.6% | 990EZ |
| 2019 | $419,501 | $187,750 | $231,751 | $231,751 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Downtown Evansville - Community Development Corporation (EIN 83-2896697) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.