Charity Search / DOWNTOWN HAYS DEVELOPMENT CORPORATION
Community Improvement (S30) IRS Verified DX Registered 990 on File

DOWNTOWN HAYS DEVELOPMENT CORPORATION

EIN: 43-1896171 · HAYS, KS 67601-3673 · United States · FY 2023 Data
3 out of 5 55 / 100 Based on 2+ years of filings
Financial strength (30%) 85/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

DHDC Vision Statement DHDC will be the binding force and catalyst for organizations impacting Historic Downtown Hays. DHDC will strive to represent Downtown Hays through open communication and strategic planning which will enhance and secure the quality of life in the community. DHDC will draw on a collaboration of funding from public and private sources. Our organization will foster awareness by recognizing, communicating and celebrating the accomplishments of Historic Downtown Hays. DHDC Mission Statement The mission of DHDC is to foster awareness and promote Downtown Hays as a vibrant center of commerce, recreation, arts, government and history that serves the people of Hays, the surrounding region and visitors from around the world. DHDC will work to prevent the deterioration and enhance the viability of the community’s cultural centers, historical landmarks and public infrastructure important to the community’s economic and cultural well-being.

Financial Overview — FY 2023
$171K
Total Revenue
$166K
Total Expenses
$190K
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.2%
Fundraising Efficiency N/A
Operating Reserve 13.72x
Liability-to-Asset 0.0%
Revenue Diversification 53.1%
Executive Compensation $63K
Compared with Peers
FY 2023
Compared with 5,777 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
90.2% 84.1%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
5.0% 12.7%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
4.7% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
13.7 mo 11.1 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 3.6%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
53.1% 93.2%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
19.4% 7.5%
P10P90
Expense growth
Year over year expense growth
44.2% 13.2%
P10P90
Surplus margin
Surplus as a share of revenue
2.8% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $171K $166K $190K 90.2% 4
2022 $143K $115K $186K 86.7% 6
2021 $141K $159K N/A — 4
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Organization Details
EIN
43-1896171
State
KS
City
HAYS
ZIP
67601-3673
Classification
S30
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2011
Foundation Code
15
Form 990
On File
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