Downtown Business And Professional Association
EIN: 450376535 · Minot, ND
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $65K |
| Net Assets | $20K |
Is Downtown Business And Professional Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Downtown Business And Professional Association
Downtown Business And Professional Association (EIN: 450376535) is a nonprofit organization based in Minot, ND. The organization reported total revenue of $59K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Business And Professional Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Business And Professional Association is a micro nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $65K |
| Surplus / Deficit | $-23,452 |
| Total Assets | $24K |
| Total Liabilities | $4K |
| Net Assets | $20K |
| Operating Margin | -56.3% |
| Debt-to-Asset Ratio | 16.1% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Downtown Business And Professional Association reported a deficit of $23K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 16.1% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Downtown Business And Professional Association's revenue has declined at a compound annual growth rate (CAGR) of -7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.1% | +48.9% | -49.3% |
| 2022 | +69.7% | -9.8% | +9.3% |
| 2021 | -51.9% | +21.1% | -28.5% |
| 2020 | +273.1% | +128.9% | +46.0% |
| 2019 | -26.5% | -37.5% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Downtown Business And Professional Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Downtown Business And Professional Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.1%.
Frequently Asked Questions about Downtown Business And Professional Association
Is Downtown Business And Professional Association a legitimate charity?
Downtown Business And Professional Association (EIN: 450376535) is a registered tax-exempt nonprofit based in North Dakota. It has 11 years of IRS 990 filings on record. Total revenue: $59K. No red flags identified. Financial health grade: B.
How does Downtown Business And Professional Association spend its money?
Downtown Business And Professional Association reported $59K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Downtown Business And Professional Association tax-deductible?
Downtown Business And Professional Association is registered as a tax-exempt nonprofit (EIN: 450376535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Downtown Business And Professional Association located?
Downtown Business And Professional Association is headquartered in Minot, North Dakota and files with the IRS under EIN 450376535.
How many years of IRS 990 filings does Downtown Business And Professional Association have?
Downtown Business And Professional Association has 11 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 $59K in total revenue.
Filing History
IRS 990 filing history for Downtown Business And Professional Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Downtown Business And Professional Association's revenue has declined by 55.3%, moving from $93K to $42K. Total assets decreased by 83.3% over the same period, from $141K to $24K. Total functional expenses rose by 13.3%, from $57K to $65K. In its most recent filing year (2023), Downtown Business And Professional Association reported a deficit of $23K, with expenses exceeding revenue. The organization holds $4K in liabilities against $24K in assets (debt-to-asset ratio: 16.1%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $65K | $24K | $4K | — | — |
| 2022 | $48K | $44K | $46K | $3K | — | View 990 |
| 2021 | $28K | $49K | $42K | $3K | — | — |
| 2020 | $59K | $40K | $59K | $0 | — | View 990 |
| 2019 | $16K | $18K | $41K | $0 | — | View 990 |
| 2018 | $21K | $28K | $42K | $0 | — | View 990 |
| 2017 | $65K | $56K | $49K | $0 | — | View 990 |
| 2016 | $58K | $95K | $73K | $9K | — | View 990 |
| 2015 | $84K | $140K | $109K | $9K | — | View 990 |
| 2014 | $112K | $95K | $156K | $0 | — | View 990 |
| 2013 | $93K | $57K | $141K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $65K, and assets of $24K (revenue -13.1% year-over-year).
- 2022: Revenue of $48K, expenses of $44K, and assets of $46K (revenue +69.7% year-over-year).
- 2021: Revenue of $28K, expenses of $49K, and assets of $42K (revenue -51.9% year-over-year).
- 2020: Revenue of $59K, expenses of $40K, and assets of $59K (revenue +273.1% year-over-year).
- 2019: Revenue of $16K, expenses of $18K, and assets of $41K (revenue -26.5% year-over-year).
- 2018: Revenue of $21K, expenses of $28K, and assets of $42K (revenue -66.9% year-over-year).
- 2017: Revenue of $65K, expenses of $56K, and assets of $49K (revenue +11.3% year-over-year).
- 2016: Revenue of $58K, expenses of $95K, and assets of $73K (revenue -31.2% year-over-year).
- 2015: Revenue of $84K, expenses of $140K, and assets of $109K (revenue -24.8% year-over-year).
- 2014: Revenue of $112K, expenses of $95K, and assets of $156K (revenue +20.5% year-over-year).
- 2013: Revenue of $93K, expenses of $57K, and assets of $141K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Business And Professional Association:
Data Sources and Methodology
This transparency report for Downtown Business And Professional Association 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.