Discover Downtown Franklin Inc

Discover Downtown Franklin Inc maintains stable finances with volunteer leadership and consistent operations.

EIN: 201392553 · Franklin, IN · NTEE: S20 · Updated: 2026-03-28

$311KRevenue

$174KAssets

85/100Mission Score (Excellent)

S20

About Discover Downtown Franklin Inc

Discover Downtown Franklin Inc (EIN: 201392553) is a nonprofit organization based in Franklin, IN, classified under NTEE code S20. The organization reported total revenue of $311K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discover Downtown Franklin Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Discover Downtown Franklin Inc demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the latest filing (202312), the organization reported revenues of $207,997 against expenses of $212,699, indicating a slight deficit for the period. However, this is not uncommon for nonprofits and their assets remain stable at $162,960. The organization's liabilities are consistently low, suggesting good financial management and minimal debt.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which can free up more funds for programmatic activities. While a detailed breakdown of program vs. administrative spending isn't provided in the summary data, the absence of officer compensation is a positive indicator for efficiency.

Transparency is generally good, with a long history of 13 IRS 990 filings available. The consistent reporting and low liabilities contribute to a clear financial picture. The lack of officer compensation also enhances transparency regarding how funds are allocated, as a significant portion is not being directed towards executive salaries.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Discover Downtown Franklin 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Discover Downtown Franklin Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Discover Downtown Franklin Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer means, which is highly efficient for an organization of its 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.

Strengths

The following positive indicators were identified for Discover Downtown Franklin Inc:

Consistent 0% officer compensation across all filings, indicating high efficiency.
Low liabilities relative to assets, suggesting strong financial management.
Long and consistent history of IRS 990 filings (13 filings), demonstrating transparency.
Stable asset base, growing from $100,979 in 201512 to $162,960 in 202312.
Revenue growth over the past decade, indicating increasing support and activity.

Frequently Asked Questions about Discover Downtown Franklin Inc

Is Discover Downtown Franklin Inc a good charity?

Based on the available financial data, Discover Downtown Franklin Inc appears to be a well-managed organization with stable finances, low liabilities, and a strong commitment to efficiency, evidenced by 0% officer compensation. This suggests a high proportion of funds are likely directed towards its mission.

How has Discover Downtown Franklin Inc's revenue trended over time?

Discover Downtown Franklin Inc has shown a general upward trend in revenue over the past decade, growing from $107,162 in 201512 to $207,997 in 202312, with a peak of $242,056 in 202212.

What is the organization's financial stability?

The organization demonstrates good financial stability, with assets consistently exceeding liabilities (e.g., $162,960 in assets vs. $399 in liabilities in 202312) and a long history of operations. While there was a slight deficit in 202312, it's minor relative to overall revenue and assets.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Discover Downtown Franklin Inc's revenue has grown by 209.3%, moving from $67K to $208K. Total assets increased by 147.8% over the same period, from $66K to $163K. Total functional expenses rose by 227.1%, from $65K to $213K. In its most recent filing year (2023), Discover Downtown Franklin Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $399 in liabilities against $163K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $163K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$208K	$213K	$163K	$399	—	—
2022	$242K	$219K	$168K	$809	—	View 990
2021	$163K	$161K	$144K	$118	—	View 990
2020	$161K	$144K	$162K	$505	—	View 990
2019	$160K	$160K	$144K	$0	—	View 990
2018	$157K	$106K	$145K	$931	—	View 990
2017	$155K	$153K	$95K	$931	—	View 990
2016	$127K	$135K	$92K	$1K	—	View 990
2015	$107K	$110K	$101K	$1K	—	View 990
2014	$152K	$113K	$103K	$1K	—	View 990
2013	$67K	$65K	$64K	$1K	—	View 990
2012	$72K	$75K	$63K	$2K	—	View 990
2011	$67K	$65K	$66K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $208K, expenses of $213K, and assets of $163K (revenue -14.1% year-over-year).
2022: Revenue of $242K, expenses of $219K, and assets of $168K (revenue +48.2% year-over-year).
2021: Revenue of $163K, expenses of $161K, and assets of $144K (revenue +1.5% year-over-year).
2020: Revenue of $161K, expenses of $144K, and assets of $162K (revenue +0.8% year-over-year).
2019: Revenue of $160K, expenses of $160K, and assets of $144K (revenue +2.0% year-over-year).
2018: Revenue of $157K, expenses of $106K, and assets of $145K (revenue +0.9% year-over-year).
2017: Revenue of $155K, expenses of $153K, and assets of $95K (revenue +22.5% year-over-year).
2016: Revenue of $127K, expenses of $135K, and assets of $92K (revenue +18.2% year-over-year).
2015: Revenue of $107K, expenses of $110K, and assets of $101K (revenue -29.5% year-over-year).
2014: Revenue of $152K, expenses of $113K, and assets of $103K (revenue +127.8% year-over-year).
2013: Revenue of $67K, expenses of $65K, and assets of $64K (revenue -7.2% year-over-year).
2012: Revenue of $72K, expenses of $75K, and assets of $63K (revenue +7.0% year-over-year).
2011: Revenue of $67K, expenses of $65K, and assets of $66K.

Data Sources and Methodology

This transparency report for Discover Downtown Franklin 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.