Downtown Albany Restoration Program Inc
Downtown Albany Restoration Program Inc maintains stable finances with no reported officer compensation.
EIN: 141790346 · Albany, NY · NTEE: S20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $950K |
| Transparency Score | 85/100 |
Is Downtown Albany Restoration Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Albany Restoration Program Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Albany Restoration Program Inc
Downtown Albany Restoration Program Inc (EIN: 141790346) is a nonprofit organization based in Albany, NY, classified under NTEE code S20Z. The organization reported total revenue of $1.8M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Albany Restoration Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Albany Restoration Program Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-34,792 |
| Total Assets | $1.0M |
| Total Liabilities | $91K |
| Net Assets | $950K |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 10.4 months |
Financial Health Grade: B
In 2023, Downtown Albany Restoration Program Inc reported a deficit of $35K with expenses exceeding revenue, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Downtown Albany Restoration Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.9% | +12.4% | -6.4% |
| 2022 | -18.7% | -8.4% | -6.2% |
| 2021 | +5.4% | +18.1% | +3.3% |
| 2020 | +7.0% | -6.9% | +15.4% |
| 2019 | -2.5% | +11.2% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Downtown Albany Restoration Program 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, Downtown Albany Restoration Program 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $1 million in annual revenue.
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 Downtown Albany Restoration Program Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusual 0% officer compensation for an organization of this size, which might warrant further inquiry into how leadership is supported or structured.
Strengths
The following positive indicators were identified for Downtown Albany Restoration Program Inc:
- Consistent financial stability with revenues and expenses generally in balance.
- Steady growth in assets, from $721,436 in 2014 to $1,041,305 in 2023.
- Manageable liabilities, consistently below 15% of assets.
- Strong transparency with 13 consistent IRS 990 filings.
- No reported officer compensation, suggesting high resource allocation to mission.
Frequently Asked Questions about Downtown Albany Restoration Program Inc
Is Downtown Albany Restoration Program Inc a legitimate charity?
Downtown Albany Restoration Program Inc (EIN: 141790346) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Downtown Albany Restoration Program Inc spend its money?
Downtown Albany Restoration Program Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Downtown Albany Restoration Program Inc tax-deductible?
Downtown Albany Restoration Program Inc is registered as a tax-exempt nonprofit (EIN: 141790346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downtown Albany Restoration Program Inc CEO make?
Downtown Albany Restoration Program Inc's highest-compensated officer earns $1 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Downtown Albany Restoration Program Inc's spending goes to programs?
Downtown Albany Restoration Program Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downtown Albany Restoration Program Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Downtown Albany Restoration Program Inc is above average for NTEE category S20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downtown Albany Restoration Program Inc located?
Downtown Albany Restoration Program Inc is headquartered in Albany, New York and files with the IRS under EIN 141790346. It is classified under NTEE code S20Z.
How many years of IRS 990 filings does Downtown Albany Restoration Program Inc have?
Downtown Albany Restoration Program 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 $1.8M in total revenue.
Is Downtown Albany Restoration Program Inc a good charity?
Based on the provided data, the organization demonstrates financial stability, consistent growth in assets, and a strong commitment to transparency through regular IRS 990 filings. The absence of officer compensation suggests a high dedication of resources to its mission, making it appear to be a well-managed charity.
How has the organization's financial health changed over the last decade?
The organization has shown consistent financial health over the last decade. Revenues and expenses have generally increased, with assets growing from $721,436 in 2014 to $1,041,305 in 2023, indicating steady growth and stability.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It implies that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, potentially allowing more funds to be directed towards program activities.
Filing History
IRS 990 filing history for Downtown Albany Restoration Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downtown Albany Restoration Program Inc's revenue has grown by 21.5%, moving from $957K to $1.2M. Total assets increased by 7.9% over the same period, from $965K to $1.0M. Total functional expenses rose by 25.1%, from $957K to $1.2M. In its most recent filing year (2023), Downtown Albany Restoration Program Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $91K in liabilities against $1.0M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $950K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $1.0M | $91K | — | View 990 |
| 2022 | $970K | $1.1M | $1.1M | $128K | — | — |
| 2021 | $1.2M | $1.2M | $1.2M | $107K | — | View 990 |
| 2020 | $1.1M | $985K | $1.1M | $99K | — | View 990 |
| 2019 | $1.1M | $1.1M | $995K | $93K | — | View 990 |
| 2018 | $1.1M | $951K | $980K | $78K | — | View 990 |
| 2017 | $902K | $914K | $913K | $145K | — | View 990 |
| 2016 | $747K | $721K | $883K | $103K | — | View 990 |
| 2015 | $858K | $638K | $942K | $144K | — | View 990 |
| 2014 | $849K | $818K | $721K | $143K | — | View 990 |
| 2013 | $749K | $878K | $792K | $245K | — | View 990 |
| 2012 | $881K | $895K | $883K | $206K | — | View 990 |
| 2011 | $957K | $957K | $965K | $274K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $1.0M (revenue +19.9% year-over-year).
- 2022: Revenue of $970K, expenses of $1.1M, and assets of $1.1M (revenue -18.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $1.2M (revenue +5.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $985K, and assets of $1.1M (revenue +7.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $995K (revenue -2.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $951K, and assets of $980K (revenue +20.3% year-over-year).
- 2017: Revenue of $902K, expenses of $914K, and assets of $913K (revenue +20.7% year-over-year).
- 2016: Revenue of $747K, expenses of $721K, and assets of $883K (revenue -12.9% year-over-year).
- 2015: Revenue of $858K, expenses of $638K, and assets of $942K (revenue +1.1% year-over-year).
- 2014: Revenue of $849K, expenses of $818K, and assets of $721K (revenue +13.3% year-over-year).
- 2013: Revenue of $749K, expenses of $878K, and assets of $792K (revenue -15.0% year-over-year).
- 2012: Revenue of $881K, expenses of $895K, and assets of $883K (revenue -7.9% year-over-year).
- 2011: Revenue of $957K, expenses of $957K, and assets of $965K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Albany Restoration Program Inc:
Data Sources and Methodology
This transparency report for Downtown Albany Restoration Program 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.