Discover Downtown Middlesboro Inc
Discover Downtown Middlesboro Inc shows strong revenue growth and financial stability in its latest filing with no reported officer compensation.
EIN: 113793431 · Middlesboro, KY · NTEE: S31 · Updated: 2026-03-28
Is Discover Downtown Middlesboro Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Discover Downtown Middlesboro Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Discover Downtown Middlesboro Inc
Discover Downtown Middlesboro Inc (EIN: 113793431) is a nonprofit organization based in Middlesboro, KY, classified under NTEE code S31. The organization reported total revenue of $323K and total assets of $184K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discover Downtown Middlesboro Inc'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 Discover Downtown Middlesboro 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 Middlesboro 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 Middlesboro Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean executive structure, 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 Middlesboro Inc:
- Strong revenue growth in 2021 ($323,355) compared to previous years.
- Consistent reporting of 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Healthy asset-to-liability ratio ($183,774 assets vs. $12,032 liabilities in 2021).
- Positive net income in the latest filing (Revenue $323,355 - Expenses $264,200 = $59,155 surplus).
Frequently Asked Questions about Discover Downtown Middlesboro Inc
Is Discover Downtown Middlesboro Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Discover Downtown Middlesboro Inc (EIN: 113793431) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Discover Downtown Middlesboro Inc spend its money?
Discover Downtown Middlesboro Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Discover Downtown Middlesboro Inc tax-deductible?
Discover Downtown Middlesboro Inc is registered as a tax-exempt nonprofit (EIN: 113793431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Discover Downtown Middlesboro Inc a good charity?
Based on the provided financial data, Discover Downtown Middlesboro Inc appears to be a good charity. It demonstrates strong financial health, particularly in its latest filing with a revenue surplus, and a notable commitment to efficiency by reporting 0% officer compensation across all periods.
How has Discover Downtown Middlesboro Inc's revenue trended?
Discover Downtown Middlesboro Inc's revenue has shown significant fluctuation but an overall upward trend. It peaked at $323,355 in 2021, recovering strongly from a dip to $92,906 in 2020, and is substantially higher than its early years, such as $56,096 in 2012.
What is the organization's financial stability?
The organization's financial stability appears strong, especially in 2021, with assets of $183,774 and relatively low liabilities of $12,032. This indicates a healthy balance sheet and capacity to cover its obligations.
Filing History
IRS 990 filing history for Discover Downtown Middlesboro Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Discover Downtown Middlesboro Inc's revenue has grown by 3424.3%, moving from $9K to $323K. Total assets increased by 189357.7% over the same period, from $97 to $184K. Total functional expenses rose by 387%, from $54K to $264K. In its most recent filing year (2021), Discover Downtown Middlesboro Inc reported a surplus of $59K, with revenue exceeding expenses. The organization holds $12K in liabilities against $184K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $172K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $323K | $264K | $184K | $12K | — | — |
| 2020 | $93K | $142K | $196K | $1K | — | — |
| 2019 | $276K | $175K | $245K | $1K | — | View 990 |
| 2018 | $141K | $115K | $143K | $936 | — | View 990 |
| 2017 | $122K | $109K | $116K | $18 | — | View 990 |
| 2016 | $186K | $174K | $105K | $2K | — | View 990 |
| 2015 | $177K | $178K | $94K | $3K | — | View 990 |
| 2014 | $112K | $113K | $94K | $2K | — | View 990 |
| 2013 | $170K | $83K | $93K | $0 | — | View 990 |
| 2012 | $56K | $51K | $6K | $0 | — | View 990 |
| 2011 | $9K | $54K | $97 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $323K, expenses of $264K, and assets of $184K (revenue +248.0% year-over-year).
- 2020: Revenue of $93K, expenses of $142K, and assets of $196K (revenue -66.3% year-over-year).
- 2019: Revenue of $276K, expenses of $175K, and assets of $245K (revenue +95.0% year-over-year).
- 2018: Revenue of $141K, expenses of $115K, and assets of $143K (revenue +16.3% year-over-year).
- 2017: Revenue of $122K, expenses of $109K, and assets of $116K (revenue -34.7% year-over-year).
- 2016: Revenue of $186K, expenses of $174K, and assets of $105K (revenue +5.3% year-over-year).
- 2015: Revenue of $177K, expenses of $178K, and assets of $94K (revenue +57.2% year-over-year).
- 2014: Revenue of $112K, expenses of $113K, and assets of $94K (revenue -34.0% year-over-year).
- 2013: Revenue of $170K, expenses of $83K, and assets of $93K (revenue +203.5% year-over-year).
- 2012: Revenue of $56K, expenses of $51K, and assets of $6K (revenue +511.4% year-over-year).
- 2011: Revenue of $9K, expenses of $54K, and assets of $97.
Data Sources and Methodology
This transparency report for Discover Downtown Middlesboro 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.