Downtown Wytheville Incorporated
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 26% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO STIMULATE DOWNTOWN REVITALIZATION AND ECONOMIC GROWTH IN WYTHEVILLE, VIRGINIA THROUGH ORGANIZATION, PROMOTION, AND DESIGN.
- Income
- $416,727
- Spending
- $232,536
- Spent on programs
- 26%
- Reserves
- 11.8 months of spending
- Largest source of income
- government grants, 81%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 78 out of 100. Higher than 53% of charities in its peer group (community improvement, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 11.8 months of spending.
Debt
20 of 20It owes 3% of what it owns.
Living within its means
15 of 15Income exceeded spending by 44% of income.
Income trend
15 of 15Income rose 51% on the year before.
Spending floor
0 of 1526% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 81 out of 100. Higher than 59% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $30,948 spent. DOWNTOWN WYTHEVILLE, INC. CELEBRATED 10-YEARS OF BEING AN ACCREDITED MAIN STREET AMERICA AND VIRGINIA MAIN STREET PROGRAM SPURRING A CUMULATIVE INVESTMENT IN THE HISTORIC DOWNTOWN DISTRICT OF NEARLY $9.9 MILLION IN PUBLIC INVESTMENTS, $23.5 MILLION IN PRIVATE INVESTEMENTS, NEARLY 294 JOBS CREATED OR RETAINED, AND NEARLY 39,429 VOLUNTEER HOURS CONTRIBUTED (WORTH APPROXIMATELY $1.32 MILLION). IN 2024, DOWNTOWN WYTHEVILLE WAS SELECTED AS 1 OF 8 SEMIFINALISTS FOR THE PRESTIGIOUS GREAT AMERICAN MAIN STREET AWARD. DOWNTOWN WYTHEVILLE ALSO CONTINUED EXPANDING ITS COMMUNITY EVENTS WITH ALL EVENTS SEEING RECORD VISITATION AND ENGAGEMENT.
- $17,500 spent. DOWNTWON WYTHEVILLE, INC. ALSO BEGAN ADMINISTERING A VIRGINA MAIN STREET GRANT TO AID SMALL DOWNTOWN BUSINESSES IN MAKING INVESTMENTS TO LOWER AND STABILIZE THEIR UTILITY COSTS AS THIS ISSUE BECAME MORE PRONOUNCED DUE TO RISING ELECTRICITY RATES. THROUGH THIS PILOT PROGRAM, DOWNTOWN WYTHEVILLE HAS HELPED MODERNIZE MANY HISTORIC DOWNTOWN BUILDINGS THROUGH WEATHERIZATION UPGRADES, HVAC EFFICIENCY UPGRADES, LED LIGHTING, SMART ELECTRONICS, AND MANY OTHER CHANGES TO HELP LOWER THE BURDEN OF UTLITY RATES IN THESE HISTORIC PROPERTIES. THIS PILOT PROGRAM HAS NOT ONLY INTRODUCED THE ORGANIZATION TO MANY UNTAPPED RESOURCES FOR AIDING BUSINESSES AND PROPERTY OWNERS WITH PROJECTS LIKE THESE, BUT CONTINUES TO LEVERAGE ADDITIONAL GRANTS INTO LARGER PLANS TO ADDRESS THESE COSTS IN THE LONG TERM.
- $12,930 spent. DOWNTOWN WYTHEVILLE, INC. CONTINUED TO THE GROW WITH GOOGLE PARTNERSHIP WHICH ULTIMATELY REACHED NEARLY 2,000 PARTICIPANTS HELPING BUILD SMALL BUSINESSES ONLINE PRESENCE RESULTING IN THIS PROGRAM WINNING VIRGINIA MAIN STREETS ENTREPRENEURIAL GAMECHANGER AWARD IN SUMMER 2024.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.