Destination Cleveland County Inc
Destination Cleveland County Inc. faces significant financial challenges with recent negative revenue and declining assets.
EIN: 208085344 · Shelby, NC · NTEE: A99 · Updated: 2026-03-28
Is Destination Cleveland County Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Destination Cleveland County Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Destination Cleveland County Inc
Destination Cleveland County Inc (EIN: 208085344) is a nonprofit organization based in Shelby, NC, classified under NTEE code A99. The organization reported total revenue of $1.7M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destination Cleveland County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Destination Cleveland County Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -101.6% | -0.7% | -30.2% |
| 2022 | +20.6% | +16.0% | -2.2% |
| 2021 | -35.0% | -10.6% | -4.7% |
| 2020 | +33.3% | -14.7% | +2.1% |
| 2019 | +-0.0% | +6.3% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Destination Cleveland County Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Destination Cleveland County Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
No officer compensation has been reported across all 12 filing periods, which is unusual for an organization with annual expenses nearing $1 million, suggesting either a fully volunteer executive team or compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Destination Cleveland County Inc's IRS 990 filings:
- Significant negative revenue ($-13,473) in the latest filing period (202306).
- Consistent decline in assets from $8,912,367 in 2014 to $4,925,715 in 2023.
- Expenses consistently exceeding revenue in multiple periods (e.g., 202306, 202206, 202106, 201906, 201806, 201706, 201606).
- Lack of reported officer compensation across all filings, which may obscure executive remuneration.
Strengths
The following positive indicators were identified for Destination Cleveland County Inc:
- Consistent filing of IRS Form 990s over 12 periods, indicating compliance with reporting requirements.
- Maintained a substantial asset base, even with recent declines, suggesting some financial cushion.
- Historically managed liabilities, with no extreme spikes observed.
Frequently Asked Questions about Destination Cleveland County Inc
Is Destination Cleveland County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Destination Cleveland County Inc (EIN: 208085344) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Destination Cleveland County Inc spend its money?
Destination Cleveland County Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Destination Cleveland County Inc tax-deductible?
Destination Cleveland County Inc is registered as a tax-exempt nonprofit (EIN: 208085344). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the $-13,473 negative revenue in the 202306 period?
The provided data does not specify the cause, but negative revenue often indicates significant returns, refunds, or a net loss from activities, which is highly unusual for a nonprofit's gross revenue.
How does Destination Cleveland County Inc. fund its operations given the recent negative revenue and consistent expenses?
With expenses of $971,859 and negative revenue of $-13,473 in 202306, the organization likely drew heavily from its assets or reserves to cover operational costs, as evidenced by the decline in assets from $7,052,846 to $4,925,715 in the same period.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data only includes total expenses, making it impossible to determine the exact allocation of funds to programs, administration, and fundraising without reviewing the full IRS Form 990.
Why have the organization's assets decreased by over $3 million since 2014?
Assets have declined from $8,912,367 in 2014 to $4,925,715 in 2023. This significant reduction could be due to asset sales, depreciation, or using reserves to cover operational deficits, especially in periods where expenses exceeded revenue.
Filing History
IRS 990 filing history for Destination Cleveland County Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Destination Cleveland County Inc's revenue has declined by 100.8%, moving from $1.7M to $-13,473. Total assets decreased by 35.8% over the same period, from $7.7M to $4.9M. Total functional expenses rose by 58%, from $615K to $972K. The organization holds $13K in liabilities against $4.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-13,473 | $972K | $4.9M | $13K | — | View 990 |
| 2022 | $849K | $978K | $7.1M | $1.2M | — | View 990 |
| 2021 | $704K | $843K | $7.2M | $1.2M | — | View 990 |
| 2020 | $1.1M | $943K | $7.6M | $1.4M | — | View 990 |
| 2019 | $812K | $1.1M | $7.4M | $1.4M | — | View 990 |
| 2018 | $812K | $1.0M | $7.7M | $1.4M | — | View 990 |
| 2017 | $799K | $989K | $7.9M | $1.4M | — | View 990 |
| 2016 | $851K | $1.0M | $8.1M | $1.4M | — | View 990 |
| 2015 | $1.2M | $1.1M | $8.5M | $1.6M | — | View 990 |
| 2014 | $1.4M | $1.2M | $8.9M | $2.2M | — | View 990 |
| 2013 | $1.7M | $741K | $8.5M | $2.0M | — | View 990 |
| 2012 | $1.7M | $615K | $7.7M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-13,473, expenses of $972K, and assets of $4.9M (revenue -101.6% year-over-year).
- 2022: Revenue of $849K, expenses of $978K, and assets of $7.1M (revenue +20.6% year-over-year).
- 2021: Revenue of $704K, expenses of $843K, and assets of $7.2M (revenue -35.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $943K, and assets of $7.6M (revenue +33.3% year-over-year).
- 2019: Revenue of $812K, expenses of $1.1M, and assets of $7.4M (revenue +-0.0% year-over-year).
- 2018: Revenue of $812K, expenses of $1.0M, and assets of $7.7M (revenue +1.6% year-over-year).
- 2017: Revenue of $799K, expenses of $989K, and assets of $7.9M (revenue -6.0% year-over-year).
- 2016: Revenue of $851K, expenses of $1.0M, and assets of $8.1M (revenue -30.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $8.5M (revenue -12.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $8.9M (revenue -16.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $741K, and assets of $8.5M (revenue -0.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $615K, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Destination Cleveland County Inc:
Data Sources and Methodology
This transparency report for Destination Cleveland County Inc 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.