Downtown Committee Of Syracuse Inc
Downtown Committee Of Syracuse Inc consistently operates with surpluses and no reported officer compensation.
EIN: 161079352 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Downtown Committee Of Syracuse Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Committee Of Syracuse Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Committee Of Syracuse Inc
Downtown Committee Of Syracuse Inc (EIN: 161079352) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $1.9M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Committee Of Syracuse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Committee Of Syracuse Inc is a mid-size nonprofit that has been operating for 48 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$174K |
| Total Assets | $1.4M |
| Total Liabilities | $268K |
| Net Assets | $1.1M |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 19.8% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2024, Downtown Committee Of Syracuse Inc reported a surplus of $174K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 19.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Downtown Committee Of Syracuse Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.3% | -7.9% | +13.0% |
| 2023 | +17.7% | +17.8% | +8.3% |
| 2022 | +7.5% | +13.6% | +0.2% |
| 2021 | -8.5% | -10.4% | +4.7% |
| 2020 | +7.8% | +2.5% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1978 |
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 Committee Of Syracuse Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Downtown Committee Of Syracuse Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with revenues consistently over $1 million and suggests either a fully volunteer executive team or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Downtown Committee Of Syracuse Inc:
- Consistent financial surpluses (e.g., $1,821,654 revenue vs. $1,648,096 expenses in 202406).
- No reported officer compensation across all filings, indicating high efficiency and transparency.
- Steady growth in assets over the past decade, from $889,338 in 201506 to $1,352,699 in 202406.
- Liabilities are well-managed and represent a reasonable proportion of assets.
- Long history of consistent IRS 990 filings (14 filings), indicating good compliance and transparency.
Frequently Asked Questions about Downtown Committee Of Syracuse Inc
Is Downtown Committee Of Syracuse Inc a legitimate charity?
Downtown Committee Of Syracuse Inc (EIN: 161079352) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Downtown Committee Of Syracuse Inc spend its money?
Downtown Committee Of Syracuse Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Downtown Committee Of Syracuse Inc tax-deductible?
Downtown Committee Of Syracuse Inc is registered as a tax-exempt nonprofit (EIN: 161079352). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downtown Committee Of Syracuse Inc CEO make?
Downtown Committee Of Syracuse Inc's highest-compensated officer earns $1 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Downtown Committee Of Syracuse Inc's spending goes to programs?
Downtown Committee Of Syracuse Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Downtown Committee Of Syracuse Inc located?
Downtown Committee Of Syracuse Inc is headquartered in Syracuse, New York and files with the IRS under EIN 161079352.
How many years of IRS 990 filings does Downtown Committee Of Syracuse Inc have?
Downtown Committee Of Syracuse Inc has 14 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 Committee Of Syracuse Inc a good charity?
Based on the available IRS 990 data, the Downtown Committee Of Syracuse Inc appears to be a financially sound and well-managed organization. Key indicators include consistent revenue generation, controlled expenses, growing assets, and notably, 0% reported officer compensation across all filings, suggesting a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over the past decade. Revenue has grown from $1,416,584 in 201506 to $1,821,654 in 202406, and assets have increased from $889,338 to $1,352,699 in the same period, demonstrating consistent growth and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no officers received salaries or other compensation directly from the organization. This suggests a highly efficient and potentially volunteer-driven leadership structure.
Filing History
IRS 990 filing history for Downtown Committee Of Syracuse Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Downtown Committee Of Syracuse Inc's revenue has grown by 25.3%, moving from $1.5M to $1.8M. Total assets increased by 107.5% over the same period, from $652K to $1.4M. Total functional expenses rose by 14.2%, from $1.4M to $1.6M. In its most recent filing year (2024), Downtown Committee Of Syracuse Inc reported a surplus of $174K, with revenue exceeding expenses. The organization holds $268K in liabilities against $1.4M in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $1.6M | $1.4M | $268K | — | View 990 |
| 2023 | $1.8M | $1.8M | $1.2M | $286K | — | View 990 |
| 2022 | $1.5M | $1.5M | $1.1M | $203K | — | View 990 |
| 2021 | $1.4M | $1.3M | $1.1M | $209K | — | View 990 |
| 2020 | $1.6M | $1.5M | $1.1M | $243K | — | — |
| 2019 | $1.4M | $1.5M | $1.2M | $447K | — | View 990 |
| 2018 | $1.3M | $1.2M | $969K | $200K | — | View 990 |
| 2017 | $1.2M | $1.2M | $926K | $234K | — | View 990 |
| 2016 | $1.5M | $1.4M | $962K | $270K | — | View 990 |
| 2015 | $1.4M | $1.3M | $889K | $277K | — | View 990 |
| 2014 | $1.5M | $1.5M | $637K | $169K | — | View 990 |
| 2013 | $1.5M | $1.5M | $687K | $220K | — | View 990 |
| 2012 | $1.4M | $1.4M | $715K | $248K | — | View 990 |
| 2011 | $1.5M | $1.4M | $652K | $188K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $1.6M, and assets of $1.4M (revenue +1.3% year-over-year).
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $1.2M (revenue +17.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.1M (revenue +7.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue -8.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $1.1M (revenue +7.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $1.2M (revenue +10.0% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $969K (revenue +13.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $926K (revenue -23.7% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $962K (revenue +6.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $889K (revenue -6.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $637K (revenue +-0.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $687K (revenue +6.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $715K (revenue -1.9% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $652K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Committee Of Syracuse Inc:
Data Sources and Methodology
This transparency report for Downtown Committee Of Syracuse 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.