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
| Metric | Value |
|---|---|
| Total Revenue | $295K |
| Total Expenses | $166K |
| Program Spending | 80% |
| Net Assets | $50K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Destination Downtown Edenton Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Destination Downtown Edenton Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Destination Downtown Edenton Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $122K and expenses of $166K.
Revenue and Expenses
Destination Downtown Edenton Inc reported $122K in revenue and $166K in expenses, a deficit of $44K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Destination Downtown Edenton Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $133K (80%) |
Across stored filings, Destination Downtown Edenton Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Community Improvement context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Cccp Community Trust →All North Carolina nonprofits
All Community Improvement
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Edenton, NC nonprofitsCommunity Improvement in North Carolina
Public Benefit in North Carolina
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Community Improvement spending
Best Community Improvement charities in North Carolina
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Childrens Hope Alliance
Statesville, NC · $23.5M revenue · Score 95/100
Compare side-by-sideDare County Education Foundation Inc
Kitty Hawk, NC · $601K revenue · Score 92/100
Compare side-by-sidePaws For Life Nc
Youngsville, NC · $424K revenue · Score 92/100
Compare side-by-sideRobert Haywood Morrison Foundation
Charlotte, NC · $3.5M revenue · Score 85/100
Compare side-by-sideBrowse the full Community Improvement peer market in North Carolina →
Next Best Actions
Keep the Investigation Moving
Destination Downtown Edenton Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Destination Downtown Edenton Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $166K |
| Surplus / Deficit | $-44,201 |
| Total Assets | $51K |
| Total Liabilities | $1K |
| Net Assets | $50K |
| Operating Margin | -36.2% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2024, Destination Downtown Edenton Inc reported a deficit of $44K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Destination Downtown Edenton Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +57.0% | +140.3% | -46.0% |
| 2023 | -13.9% | +3.0% | +10.3% |
| 2022 | -27.1% | -28.9% | +36.6% |
| 2021 | +31.5% | -16.4% | +38.3% |
| 2020 | -27.6% | -0.8% | -13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
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
Is Destination Downtown Edenton Inc a legitimate charity?
Destination Downtown Edenton Inc (EIN: 201679897) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $295K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Destination Downtown Edenton Inc spend its money?
Destination Downtown Edenton Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Destination Downtown Edenton Inc tax-deductible?
Destination Downtown Edenton Inc is registered as a tax-exempt nonprofit (EIN: 201679897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Destination Downtown Edenton Inc's spending goes to programs?
Destination Downtown Edenton Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Destination Downtown Edenton Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Destination Downtown Edenton Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Destination Downtown Edenton Inc located?
Destination Downtown Edenton Inc is headquartered in Edenton, North Carolina and files with the IRS under EIN 201679897. It is classified under NTEE code S20.
How many years of IRS 990 filings does Destination Downtown Edenton Inc have?
Destination Downtown Edenton Inc 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 $295K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Destination Downtown Edenton Inc:
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.