Downtown Brooklyn Partnership
Downtown Brooklyn Partnership maintains stable assets and consistent operations with no reported officer compensation.
EIN: 205323707 · Brooklyn, NY · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| Net Assets | $6.8M |
| Transparency Score | 85/100 |
Is Downtown Brooklyn Partnership Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Brooklyn Partnership directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Brooklyn Partnership
Downtown Brooklyn Partnership (EIN: 205323707) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code S20. The organization reported total revenue of $1.9M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Brooklyn Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Brooklyn Partnership is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$107K |
| Total Assets | $7.6M |
| Total Liabilities | $824K |
| Net Assets | $6.8M |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 45.9 months |
Financial Health Grade: A
In 2023, Downtown Brooklyn Partnership reported a surplus of $107K with revenue exceeding expenses, holds 45.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Downtown Brooklyn Partnership's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.6% | +0.4% | +8.8% |
| 2022 | -17.6% | -18.3% | +2.1% |
| 2021 | +9.4% | -11.1% | +2.7% |
| 2020 | -52.2% | -53.1% | -7.9% |
| 2019 | +79.1% | +97.0% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Brooklyn Partnership 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, Downtown Brooklyn Partnership 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $107K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting either a volunteer leadership or compensation is categorized differently.
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 Brooklyn Partnership's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual leadership costs if compensation is reported elsewhere.
Strengths
The following positive indicators were identified for Downtown Brooklyn Partnership:
- Strong asset base, consistently above $6 million, indicating financial stability.
- Generally positive net revenue, with expenses typically below or close to revenue.
- Consistent filing history (13 filings) demonstrates transparency and compliance.
- Low liabilities relative to assets, indicating good financial health.
Frequently Asked Questions about Downtown Brooklyn Partnership
Is Downtown Brooklyn Partnership a legitimate charity?
Downtown Brooklyn Partnership (EIN: 205323707) 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: $1.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Downtown Brooklyn Partnership spend its money?
Downtown Brooklyn Partnership directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Downtown Brooklyn Partnership tax-deductible?
Downtown Brooklyn Partnership is registered as a tax-exempt nonprofit (EIN: 205323707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Downtown Brooklyn Partnership's spending goes to programs?
Downtown Brooklyn Partnership directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downtown Brooklyn Partnership compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Downtown Brooklyn Partnership 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 Downtown Brooklyn Partnership located?
Downtown Brooklyn Partnership is headquartered in Brooklyn, New York and files with the IRS under EIN 205323707. It is classified under NTEE code S20.
How many years of IRS 990 filings does Downtown Brooklyn Partnership have?
Downtown Brooklyn Partnership 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 $1.9M in total revenue.
Is Downtown Brooklyn Partnership a good charity?
Based on the available financial data, the Downtown Brooklyn Partnership appears to be a well-managed organization with stable assets and generally positive financial performance. The consistent reporting of 0% officer compensation is a unique characteristic that could be viewed positively for resource allocation, assuming leadership is compensated fairly through other means or is genuinely volunteer-based. Their financial stability and consistent operations suggest they are effective in their mission.
How does the organization manage its liabilities?
The organization's liabilities have fluctuated, ranging from a low of $310,834 in 2022 to a high of $1,621,172 in 2014. In the most recent filing (2023), liabilities were $824,191, which is well within their asset base of $7,633,322, indicating a healthy balance sheet and responsible debt management.
What caused the significant revenue drop in 2023 compared to 2019?
Revenue decreased from $5,714,963 in 2019 to $2,100,694 in 2023. This significant drop could be attributed to various factors such as changes in funding sources, economic conditions, or the completion of specific large projects. Further investigation into their funding streams and program activities during those periods would be necessary to understand the exact cause.
Filing History
IRS 990 filing history for Downtown Brooklyn Partnership showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downtown Brooklyn Partnership's revenue has grown by 22%, moving from $1.7M to $2.1M. Total assets increased by 2157.3% over the same period, from $338K to $7.6M. Total functional expenses rose by 10.6%, from $1.8M to $2.0M. In its most recent filing year (2023), Downtown Brooklyn Partnership reported a surplus of $107K, with revenue exceeding expenses. The organization holds $824K in liabilities against $7.6M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.0M | $7.6M | $824K | — | — |
| 2022 | $2.5M | $2.0M | $7.0M | $311K | — | View 990 |
| 2021 | $3.0M | $2.4M | $6.9M | $638K | — | View 990 |
| 2020 | $2.7M | $2.7M | $6.7M | $1.0M | — | View 990 |
| 2019 | $5.7M | $5.8M | $7.3M | $1.6M | — | View 990 |
| 2018 | $3.2M | $3.0M | $6.4M | $627K | — | View 990 |
| 2017 | $2.9M | $3.2M | $6.1M | $547K | — | View 990 |
| 2016 | $3.9M | $3.7M | $6.8M | $1.0M | — | View 990 |
| 2015 | $3.1M | $3.2M | $7.0M | $1.4M | — | View 990 |
| 2014 | $2.7M | $2.5M | $7.3M | $1.6M | — | View 990 |
| 2013 | $2.6M | $2.4M | $5.9M | $392K | — | View 990 |
| 2012 | $1.5M | $1.3M | $548K | $160K | — | View 990 |
| 2011 | $1.7M | $1.8M | $338K | $149K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $7.6M (revenue -14.6% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.0M, and assets of $7.0M (revenue -17.6% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.4M, and assets of $6.9M (revenue +9.4% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.7M, and assets of $6.7M (revenue -52.2% year-over-year).
- 2019: Revenue of $5.7M, expenses of $5.8M, and assets of $7.3M (revenue +79.1% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.0M, and assets of $6.4M (revenue +8.5% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.2M, and assets of $6.1M (revenue -25.2% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.7M, and assets of $6.8M (revenue +27.4% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.2M, and assets of $7.0M (revenue +13.2% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.5M, and assets of $7.3M (revenue +6.7% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.4M, and assets of $5.9M (revenue +72.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.3M, and assets of $548K (revenue -13.9% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.8M, and assets of $338K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Brooklyn Partnership:
Data Sources and Methodology
This transparency report for Downtown Brooklyn Partnership 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.