Destination Downtown Edenton Inc

Destination Downtown Edenton Inc shows consistent volunteer leadership but recent filing indicates a deficit and asset decline.

EIN: 201679897 · Edenton, NC · NTEE: S20 · Updated: 2026-03-28

$295KRevenue

$66KAssets

85/100Mission Score (Excellent)

S20

About Destination Downtown Edenton Inc

Destination Downtown Edenton Inc (EIN: 201679897) is a nonprofit organization based in Edenton, NC, classified under NTEE code S20. The organization reported total revenue of $295K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Destination Downtown Edenton Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Destination Downtown Edenton Inc 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, Destination Downtown Edenton Inc 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers or that compensation falls below reporting thresholds, which is highly efficient for an organization of this size.

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 Downtown Edenton Inc's IRS 990 filings:

Recent operating deficit in 202406 filing ($122,220 revenue vs. $166,421 expenses)
Significant decline in assets from $95,336 (202306) to $51,479 (202406)

Strengths

The following positive indicators were identified for Destination Downtown Edenton Inc:

Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
Low liabilities across all reported periods, demonstrating good financial management.
Consistent filing of IRS 990s over 13 periods, showing commitment to transparency.
Historical financial stability with generally positive net income in most years prior to 202406.

Frequently Asked Questions about Destination Downtown Edenton Inc

What caused the significant increase in 'Latest Revenue' to $295,411 compared to the $122,220 reported in the 202406 filing?

The 'Latest Revenue' figure of $295,411 may represent a different reporting period or a cumulative figure not directly reflected in the individual annual filings provided. It's crucial to reconcile this figure with the specific 990 filing it pertains to for a complete understanding.

What led to the deficit of $44,201 in the 202406 period (Expenses $166,421 - Revenue $122,220)?

The deficit in the 202406 period could be due to increased program activities, one-time expenses, or a temporary dip in fundraising. Further detail from the full 990 filing would be needed to identify specific expense categories that contributed to this.

Why did assets decrease from $95,336 in 202306 to $51,479 in 202406?

The decrease in assets could be a direct result of the deficit incurred in the 202406 period, where expenses exceeded revenue, potentially drawing down reserves or liquidating assets to cover operational costs.

Filing History

IRS 990 filing history for Destination Downtown Edenton Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Destination Downtown Edenton Inc's revenue has grown by 29.9%, moving from $94K to $122K. Total assets decreased by 8.4% over the same period, from $56K to $51K. Total functional expenses rose by 119.6%, from $76K to $166K. In its most recent filing year (2024), Destination Downtown Edenton Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $1K in liabilities against $51K in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $50K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$122K	$166K	$51K	$1K	—	—
2023	$78K	$69K	$95K	$1K	—	View 990
2022	$90K	$67K	$86K	$831	—	View 990
2021	$124K	$95K	$63K	$785	—	View 990
2020	$94K	$113K	$46K	$13K	—	View 990
2019	$130K	$114K	$53K	$795	—	View 990
2018	$120K	$104K	$36K	$585	—	View 990
2017	$85K	$83K	$21K	$623	—	View 990
2016	$101K	$127K	$18K	$624	—	View 990
2015	$98K	$109K	$44K	$612	—	View 990
2014	$80K	$79K	$54K	$548	—	View 990
2013	$79K	$82K	$53K	$438	—	View 990
2012	$94K	$76K	$56K	$566	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $122K, expenses of $166K, and assets of $51K (revenue +57.0% year-over-year).
2023: Revenue of $78K, expenses of $69K, and assets of $95K (revenue -13.9% year-over-year).
2022: Revenue of $90K, expenses of $67K, and assets of $86K (revenue -27.1% year-over-year).
2021: Revenue of $124K, expenses of $95K, and assets of $63K (revenue +31.5% year-over-year).
2020: Revenue of $94K, expenses of $113K, and assets of $46K (revenue -27.6% year-over-year).
2019: Revenue of $130K, expenses of $114K, and assets of $53K (revenue +8.6% year-over-year).
2018: Revenue of $120K, expenses of $104K, and assets of $36K (revenue +40.3% year-over-year).
2017: Revenue of $85K, expenses of $83K, and assets of $21K (revenue -15.8% year-over-year).
2016: Revenue of $101K, expenses of $127K, and assets of $18K (revenue +3.6% year-over-year).
2015: Revenue of $98K, expenses of $109K, and assets of $44K (revenue +22.7% year-over-year).
2014: Revenue of $80K, expenses of $79K, and assets of $54K (revenue +1.4% year-over-year).
2013: Revenue of $79K, expenses of $82K, and assets of $53K (revenue -16.3% year-over-year).
2012: Revenue of $94K, expenses of $76K, and assets of $56K.

Data Sources and Methodology

This transparency report for Destination Downtown Edenton 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.