Colfax Downtown Association
Colfax Downtown Association maintains over $2 million in assets with strong program spending.
EIN: 113789453 · Colfax, WA · NTEE: S30 · Updated: 2026-03-28
Is Colfax Downtown Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colfax Downtown Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colfax Downtown Association
Colfax Downtown Association (EIN: 113789453) is a nonprofit organization based in Colfax, WA, classified under NTEE code S30. The organization reported total revenue of $478K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colfax Downtown Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Colfax Downtown Association 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: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Colfax Downtown Association allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation for the Colfax Downtown Association appears reasonable given the organization's revenue of $478,080 and asset base of over $2 million, suggesting appropriate stewardship of funds without excessive payouts.
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.
Strengths
The following positive indicators were identified for Colfax Downtown Association:
- Strong asset base of $2,045,621 providing financial stability.
- High program spending ratio of 80%, indicating efficient use of funds for its mission.
- Consistent revenue of $478,080 supporting ongoing operations.
- Good transparency through public IRS 990 filings.
Frequently Asked Questions about Colfax Downtown Association
Is Colfax Downtown Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Colfax Downtown Association (EIN: 113789453) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Colfax Downtown Association spend its money?
Colfax Downtown Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colfax Downtown Association tax-deductible?
Colfax Downtown Association is registered as a tax-exempt nonprofit (EIN: 113789453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Colfax Downtown Association a good charity?
Based on the available data, Colfax Downtown Association appears to be a good charity, demonstrating strong financial health with over $2 million in assets and a high percentage of spending directed towards program services.
How does Colfax Downtown Association's program spending compare to similar organizations?
With 80% of its spending allocated to programs, Colfax Downtown Association's program efficiency is commendable and likely compares favorably to many peer organizations in the downtown revitalization sector.
Data Sources and Methodology
This transparency report for Colfax Downtown Association 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.