Passes our checks

Olympia Downtown Association

EIN 91-1460653 · Olympia, WA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

Serve as a catalyst for a vibrant and thriving downtown through service to business and property owners

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 59 out of 100. Higher than 27% of charities in its peer group (arts and culture, $250k to $1m).

Reserves
10 of 35
Spendable reserves would cover 1.9 months of spending.
Debt
20 of 20
It owes 13% of what it owns.
Living within its means
4 of 15
Spending exceeded income by 5% of income.
Income trend
10 of 15
Income fell 10% on the year before.
Spending floor
15 of 15
99% 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

Weak: 22 out of 100. Higher than 2% of charities in its peer group (arts and culture, $250k to $1m).

Independent board
5 of 25
0 of 5 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
0 of 5
Reports that it does not keep minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports 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

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$732,118 spent. VARIOUS EVENTS TO PROMOTE DOWNTOWN OLYMPIA & PROVIDE COMMUNITY SERVICE 1. DOWNTOWN GUIDE SERVICE-THE DOWNTOWN GUIDE SERVICE PROVIDES A CLEAN, SAFE, HEALTHY DOWNTOWN BY GREETING DOWNTOWN PATRONS, WORKING WITH HOUSELESS INDIVIDUALS, AND BEING THE EYES AND EARS FOR THE DOWNTOWN. 2. SUMMERFEST - THE LOVE OLY SUMMER FEST WAS A FREE STREET FESTIVAL CONDUCTED ON A 3-DAY WEEKEND IN THE SUMMER OF 2023. THE FESTIVAL INCLUDED MUSIC, KIDS ACTIVITIES, STREET PERFORMERS, AND PUBLIC ART DISPLAYS. 3. DOWNTOWN FOR THE HOLIDAYS-THIS EVENT INCLUDED A WINTER FEST STREET FESTIVAL, A SHOP AND DINE PROMOTION, AND HOLIDAY DECOR.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

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 November 6, 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 August 2007.
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 November 4, 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.