Operating deficit in 2023 ($297,093 revenue vs. $379,531 expenses)
Strengths
Consistent reporting of 0% officer compensation across all filings
Strong asset base ($488,715) relative to liabilities ($0 in latest filing)
Long history of IRS 990 filings (13 periods) demonstrating transparency
Consistent positive net assets over time, indicating financial resilience
Spending Breakdown
How Historic Downtown Chelanassociation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Historic Downtown Chelanassociation
Is Historic Downtown Chelanassociation a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Downtown Chelanassociation (EIN: 204075007) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Historic Downtown Chelanassociation a good charity to donate to?
Historic Downtown Chelanassociation has a Mission Score of 88/100. Revenue: $414K. Assets: $489K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Historic Downtown Chelanassociation?
The Employer Identification Number (EIN) for Historic Downtown Chelanassociation is 204075007. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Historic Downtown Chelanassociation spend its money?
Historic Downtown Chelanassociation allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Historic Downtown Chelanassociation's tax-exempt status?
You can verify Historic Downtown Chelanassociation's tax-exempt status using EIN 204075007 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Historic Downtown Chelanassociation demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. The organization's revenue has shown fluctuations, with a notable peak in 2021 at $396,142 and a more recent dip in 2023 where expenses ($379,531) exceeded revenue ($297,093), resulting in a deficit for that year. Despite this, the organization has maintained a healthy asset base, with current assets at $488,715 and zero liabilities reported in the latest available filing (202312). This suggests good financial management in terms of solvency.
The organization's spending efficiency appears to be strong, particularly given the consistent reporting of 0% officer compensation across all filings. This indicates that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a positive sign for donor confidence. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is difficult to ascertain, but the absence of officer compensation is a strong indicator of cost-conscious operations.
Transparency is high due to the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive financial history. The consistent reporting of zero liabilities in many periods, including the latest, further enhances confidence in their financial health and management. The organization's NTEE code A800 (Community Improvement & Capacity Building) aligns with its name, suggesting a clear mission focus.