Financial Information for Albemarle Downtown Development Corp

Albemarle Downtown Development Corp's annual revenue was $496K in tax year 2024, reported on their IRS Form 990. They spent $503K in total expenses. 98% went to programs and services.

Financial Breakdown

What is Albemarle Downtown Development Corp's total annual expenses?

Albemarle Downtown Development Corp spent $503K in tax year 2024, according to their IRS Form 990 filing.

How much of Albemarle Downtown Development Corp's budget goes to programs?

Albemarle Downtown Development Corp spent $491K (98% of expenses) on programs and services in tax year 2024.

How much does Albemarle Downtown Development Corp spend on overhead?

Albemarle Downtown Development Corp's overhead in tax year 2024 includes administrative (2%) and fundraising (0%) of their expenses.

What is Albemarle Downtown Development Corp's net worth?

Albemarle Downtown Development Corp had net assets of $665K as of the end of tax year 2024.

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View full Albemarle Downtown Development Corp report

All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.