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PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION

PARK RAPIDS, Minnesota, 56470

EIN: 85-1408916

Community Improvement, Capacity Building

MISSION

The PRDBA exists to promote the long-term strength and economic viability of business in the downtown area. We fulfill our mission by creating memorable experiences through art, entertainment, cultural education, and enhancing our small-town charm.

 FORM 1023-EZ for PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION

PARKRAPIDSDOWNTOWN.COM

DEMOGRAPHIC

ADDRESS
PO BOX 142
56470
COUNTY
hubbard county, MN
IN CARE OF NAME
MOLLY LUTHER

ORGANIZATIONAL OVERVIEW & RANKINGS

PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION is a based in PARK RAPIDS, MN, focused on Community Improvement, Capacity Building causes , specifically Community, Neighborhood Development, Improvement (General). Established in February 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $65,705.00, this ranks 544,932 among 2,656,690 nonprofits nationally (Top 21%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 12,363 out of 53,624 organizations in MN (Top 24%).

In hubbard county, MN, the organization ranks 38 out of 249 nonprofits by assets (Top 13%), while locally in park rapids, it stands at 32 among 156 organizations (Top 16%).

The organization reported no revenue in the most recent filing period, placing it at 1,836,185 nationally and 45,283 in MN.

Within its specific NTEE classification (S20 - S: Community Improvement, Capacity Building), which includes 19,834 similar organizations, PARK RAPIDS DOWNTOWN BUSINESS ASSOCIATION ranks 2,736 in assets (Top 14%) and 15,481 in revenue (Top 79%).

The organization files a 990 - Not required to file(all other) and operates on a November fiscal year. Additional information can be found at PARKRAPIDSDOWNTOWN.COM.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S20: Community, Neighborhood Development, Improvement (General)
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$156,784.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
02/2021
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$65,705.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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