AI Transparency Report
Destination Downtown Edenton Inc demonstrates a generally stable financial position, though with some fluctuations in recent years. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds for a small nonprofit. While the latest revenue is reported as $295,411, the most recent filing (Period 202406) shows revenue of $122,220 against expenses of $166,421, indicating a deficit for that specific period. This recent deficit, along with a decrease in assets from $95,336 in 202306 to $51,479 in 202406, warrants attention. However, the organization has historically managed its liabilities well, keeping them at very low levels, which suggests good financial stewardship. The consistent filing of 990s over 13 periods indicates a commitment to transparency.