Downtown Cleveland Improvementcorporation
Downtown Cleveland Improvementcorporation consistently spends all revenue with no reported officer compensation.
EIN: 204254904 · Cleveland, OH · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $6.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $5K |
| Transparency Score | 90/100 |
Is Downtown Cleveland Improvementcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Cleveland Improvementcorporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Cleveland Improvementcorporation
Downtown Cleveland Improvementcorporation (EIN: 204254904) is a nonprofit organization based in Cleveland, OH, classified under NTEE code S31. The organization reported total revenue of $5.2M and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Cleveland Improvementcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Cleveland Improvementcorporation 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 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $6.5M |
| Surplus / Deficit | +$0 |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2023, Downtown Cleveland Improvementcorporation reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Downtown Cleveland Improvementcorporation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.5% | +23.5% | +0.0% |
| 2022 | +19.6% | +19.6% | +0.0% |
| 2021 | +20.7% | +19.7% | +0.0% |
| 2020 | -15.0% | -13.7% | -85.5% |
| 2019 | +3.3% | +2.6% | +589.1% |
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 Cleveland Improvementcorporation with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Downtown Cleveland Improvementcorporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $0, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, including the latest period, which is highly unusual for an organization with over $6 million in annual revenue. This suggests either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990.
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 Cleveland Improvementcorporation's IRS 990 filings:
- Consistently low assets relative to revenue, indicating limited financial reserves.
- 0% officer compensation reported across all filings, which is atypical for an organization with over $6 million in annual revenue and warrants further investigation into executive compensation structures.
Strengths
The following positive indicators were identified for Downtown Cleveland Improvementcorporation:
- Strong spending efficiency, with expenses consistently matching revenue (e.g., $6,499,026 revenue vs. $6,499,026 expenses in 2023).
- No reported officer compensation, suggesting a high proportion of funds directly supporting the mission.
- Consistent financial operations over many years, indicating stability in revenue and program delivery.
Frequently Asked Questions about Downtown Cleveland Improvementcorporation
Is Downtown Cleveland Improvementcorporation a legitimate charity?
Downtown Cleveland Improvementcorporation (EIN: 204254904) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Downtown Cleveland Improvementcorporation spend its money?
Downtown Cleveland Improvementcorporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Downtown Cleveland Improvementcorporation tax-deductible?
Downtown Cleveland Improvementcorporation is registered as a tax-exempt nonprofit (EIN: 204254904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downtown Cleveland Improvementcorporation CEO make?
Downtown Cleveland Improvementcorporation's highest-compensated officer earns $6 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Downtown Cleveland Improvementcorporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Downtown Cleveland Improvementcorporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downtown Cleveland Improvementcorporation located?
Downtown Cleveland Improvementcorporation is headquartered in Cleveland, Ohio and files with the IRS under EIN 204254904. It is classified under NTEE code S31.
How many years of IRS 990 filings does Downtown Cleveland Improvementcorporation have?
Downtown Cleveland Improvementcorporation 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 $5.2M in total revenue.
Is Downtown Cleveland Improvementcorporation a good charity?
Based on the available IRS 990 data, the organization appears to be highly efficient in its spending, with expenses closely matching revenues and no reported officer compensation. This suggests a strong focus on program delivery and minimal overhead, making it appear to be a good charity from a financial efficiency standpoint.
How does the organization manage its finances with such low assets?
The organization consistently reports very low assets (e.g., $5,269 in 2023) while managing millions in revenue. This indicates a 'flow-through' financial model where funds are received and spent within the same fiscal period, rather than accumulating significant reserves. This model requires careful cash flow management.
What is the source of funding given the consistent revenue and expense matching?
The consistent matching of revenue and expenses across multiple years suggests a stable funding source that is directly tied to operational needs, possibly through grants, contracts, or assessments that are fully expended each year for its improvement activities.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. It could mean that executive leadership is entirely volunteer-based, compensated by a related entity, or that the organization's structure does not include traditional compensated officers as defined for 990 reporting purposes.
Filing History
IRS 990 filing history for Downtown Cleveland Improvementcorporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downtown Cleveland Improvementcorporation's revenue has grown by 87.5%, moving from $3.5M to $6.5M. Total assets decreased by 78.1% over the same period, from $24K to $5K. Total functional expenses rose by 87.5%, from $3.5M to $6.5M. In its most recent filing year (2023), Downtown Cleveland Improvementcorporation reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $6.5M | $5K | $0 | — | — |
| 2022 | $5.3M | $5.3M | $5K | $0 | — | View 990 |
| 2021 | $4.4M | $4.4M | $5K | $0 | — | View 990 |
| 2020 | $3.6M | $3.7M | $5K | $0 | — | View 990 |
| 2019 | $4.3M | $4.3M | $36K | $0 | — | View 990 |
| 2018 | $4.2M | $4.2M | $5K | $0 | — | View 990 |
| 2017 | $4.1M | $4.1M | $5K | $0 | — | View 990 |
| 2016 | $4.0M | $4.0M | $5K | $0 | — | View 990 |
| 2015 | $4.0M | $4.0M | $5K | $0 | — | View 990 |
| 2014 | $4.0M | $4.0M | $5K | $0 | — | View 990 |
| 2013 | $3.7M | $3.7M | $5K | $0 | — | View 990 |
| 2012 | $3.7M | $3.7M | $21K | $0 | — | View 990 |
| 2011 | $3.5M | $3.5M | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $6.5M, and assets of $5K (revenue +23.5% year-over-year).
- 2022: Revenue of $5.3M, expenses of $5.3M, and assets of $5K (revenue +19.6% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.4M, and assets of $5K (revenue +20.7% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.7M, and assets of $5K (revenue -15.0% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.3M, and assets of $36K (revenue +3.3% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.2M, and assets of $5K (revenue +1.6% year-over-year).
- 2017: Revenue of $4.1M, expenses of $4.1M, and assets of $5K (revenue +1.4% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.0M, and assets of $5K (revenue +1.2% year-over-year).
- 2015: Revenue of $4.0M, expenses of $4.0M, and assets of $5K (revenue -0.3% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.0M, and assets of $5K (revenue +8.5% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.7M, and assets of $5K (revenue -1.1% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.7M, and assets of $21K (revenue +7.3% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.5M, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Cleveland Improvementcorporation:
Data Sources and Methodology
This transparency report for Downtown Cleveland Improvementcorporation 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.