Capitol Riverfront Business Improvement District
Capitol Riverfront BID shows consistent revenue growth and stable finances with no reported officer compensation.
EIN: 205712546 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $4.6M |
| Program Spending | 80% |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Capitol Riverfront Business Improvement District Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Capitol Riverfront Business Improvement District directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Capitol Riverfront Business Improvement District
Capitol Riverfront Business Improvement District (EIN: 205712546) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $5.0M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capitol Riverfront Business Improvement District's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Capitol Riverfront Business Improvement District is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$123K |
| Total Assets | $3.6M |
| Total Liabilities | $2.6M |
| Net Assets | $1.0M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 71.3% |
| Months of Reserves | 9.6 months |
Financial Health Grade: A
In 2023, Capitol Riverfront Business Improvement District reported a surplus of $123K with revenue exceeding expenses, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 71.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Capitol Riverfront Business Improvement District's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +16.5% | +30.9% |
| 2022 | -5.0% | -8.0% | +38.4% |
| 2021 | +7.8% | +2.3% | +7.8% |
| 2020 | -7.2% | -2.0% | -6.2% |
| 2019 | +28.7% | +8.4% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Capitol Riverfront Business Improvement District with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Capitol Riverfront Business Improvement District allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $123K, with revenue exceeding expenses.
- Debt-to-asset ratio: 71.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting executive leadership may be compensated through other mechanisms or is entirely volunteer-based.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Capitol Riverfront Business Improvement District's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization with nearly $5 million in annual revenue and warrants further scrutiny regarding executive compensation practices.
Strengths
The following positive indicators were identified for Capitol Riverfront Business Improvement District:
- Consistent revenue growth, increasing from $2.86 million in 2014 to $4.68 million in 2023, indicating strong financial support.
- Positive net income in most years, demonstrating effective financial management and sustainability.
- Significant growth in assets from $1.32 million in 2014 to $3.64 million in 2023, enhancing long-term stability.
- Stable financial health with expenses generally below revenue, as seen in 2023 ($4,679,100 revenue vs. $4,556,328 expenses).
Frequently Asked Questions about Capitol Riverfront Business Improvement District
Is Capitol Riverfront Business Improvement District a legitimate charity?
Capitol Riverfront Business Improvement District (EIN: 205712546) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Capitol Riverfront Business Improvement District spend its money?
Capitol Riverfront Business Improvement District directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Capitol Riverfront Business Improvement District tax-deductible?
Capitol Riverfront Business Improvement District is registered as a tax-exempt nonprofit (EIN: 205712546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Capitol Riverfront Business Improvement District's spending goes to programs?
Capitol Riverfront Business Improvement District directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Capitol Riverfront Business Improvement District compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Capitol Riverfront Business Improvement District is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Capitol Riverfront Business Improvement District located?
Capitol Riverfront Business Improvement District is headquartered in Washington, Washington DC and files with the IRS under EIN 205712546. It is classified under NTEE code S41.
How many years of IRS 990 filings does Capitol Riverfront Business Improvement District have?
Capitol Riverfront Business Improvement District has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.0M in total revenue.
How does Capitol Riverfront BID compensate its executive leadership if 0% officer compensation is reported?
The consistent reporting of 0% officer compensation on IRS Form 990s suggests that executive leadership may be compensated through other means not categorized as 'officer compensation' or that these roles are entirely volunteer-based. Further investigation into their financial statements or direct inquiry would be needed to understand the full compensation structure.
What is the primary source of Capitol Riverfront BID's revenue?
While the 990 filings show consistent revenue growth, the specific breakdown of revenue sources (e.g., assessments, grants, donations) is not detailed in the provided summary. A deeper dive into the full 990 forms would be necessary to identify the primary sources.
What is the trend in the organization's net assets over the past decade?
The organization's net assets have shown a strong upward trend, increasing from approximately $1.1 million in 2014 (Assets $1,322,199 - Liabilities $200,094) to over $1 million in 2023 (Assets $3,644,475 - Liabilities $2,598,625), indicating financial health and growth.
Filing History
IRS 990 filing history for Capitol Riverfront Business Improvement District showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Capitol Riverfront Business Improvement District's revenue has grown by 122.8%, moving from $2.1M to $4.7M. Total assets increased by 133.5% over the same period, from $1.6M to $3.6M. Total functional expenses rose by 119%, from $2.1M to $4.6M. In its most recent filing year (2023), Capitol Riverfront Business Improvement District reported a surplus of $123K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $3.6M in assets (debt-to-asset ratio: 71.3%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.6M | $3.6M | $2.6M | — | — |
| 2022 | $4.1M | $3.9M | $2.8M | $1.8M | — | View 990 |
| 2021 | $4.3M | $4.3M | $2.0M | $1.3M | — | View 990 |
| 2020 | $4.0M | $4.2M | $1.9M | $1.2M | — | — |
| 2019 | $4.3M | $4.2M | $2.0M | $1.2M | — | View 990 |
| 2018 | $3.4M | $3.9M | $2.0M | $1.3M | — | View 990 |
| 2017 | $3.3M | $3.4M | $1.8M | $612K | — | View 990 |
| 2016 | $3.4M | $3.3M | $1.6M | $350K | — | View 990 |
| 2015 | $3.2M | $3.1M | $1.7M | $512K | — | View 990 |
| 2014 | $2.9M | $2.6M | $1.3M | $200K | — | View 990 |
| 2013 | $2.6M | $2.5M | $1.0M | $200K | — | View 990 |
| 2012 | $2.4M | $2.3M | $1.4M | $611K | — | View 990 |
| 2011 | $2.1M | $2.1M | $1.6M | $943K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.6M, and assets of $3.6M (revenue +13.4% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.9M, and assets of $2.8M (revenue -5.0% year-over-year).
- 2021: Revenue of $4.3M, expenses of $4.3M, and assets of $2.0M (revenue +7.8% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.2M, and assets of $1.9M (revenue -7.2% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.2M, and assets of $2.0M (revenue +28.7% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.9M, and assets of $2.0M (revenue +1.4% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.4M, and assets of $1.8M (revenue -2.2% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.3M, and assets of $1.6M (revenue +7.8% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.1M, and assets of $1.7M (revenue +10.2% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.6M, and assets of $1.3M (revenue +11.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $1.0M (revenue +5.4% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.3M, and assets of $1.4M (revenue +16.1% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Capitol Riverfront Business Improvement District:
Data Sources and Methodology
This transparency report for Capitol Riverfront Business Improvement District is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.