Downtown Development Unlimited Inc
EIN: 721470971 · New Orleans, LA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $136K |
| Total Expenses | $110K |
| Net Assets | $394K |
Is Downtown Development Unlimited Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Downtown Development Unlimited Inc
Downtown Development Unlimited Inc (EIN: 721470971) is a nonprofit organization based in New Orleans, LA, classified under NTEE code S30. The organization reported total revenue of $136K and total assets of $640K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Development Unlimited Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Development Unlimited Inc is a small nonprofit that has been operating for 26 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $500K |
| Total Expenses | $110K |
| Surplus / Deficit | +$390K |
| Total Assets | $504K |
| Total Liabilities | $110K |
| Net Assets | $394K |
| Operating Margin | 78.0% |
| Debt-to-Asset Ratio | 21.8% |
| Months of Reserves | 55.1 months |
Financial Health Grade: A
In 2023, Downtown Development Unlimited Inc reported a surplus of $390K with revenue exceeding expenses, holds 55.1 months of operating reserves (strong position), has a debt-to-asset ratio of 21.8% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Downtown Development Unlimited Inc 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 Development Unlimited Inc 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 surplus of $390K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.8%.
Frequently Asked Questions about Downtown Development Unlimited Inc
Is Downtown Development Unlimited Inc a legitimate charity?
Downtown Development Unlimited Inc (EIN: 721470971) is a registered tax-exempt nonprofit based in Louisiana. Total revenue: $136K. No red flags identified. Financial health grade: A.
How does Downtown Development Unlimited Inc spend its money?
Downtown Development Unlimited Inc reported $136K in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Downtown Development Unlimited Inc tax-deductible?
Downtown Development Unlimited Inc is registered as a tax-exempt nonprofit (EIN: 721470971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Downtown Development Unlimited Inc located?
Downtown Development Unlimited Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 721470971. It is classified under NTEE code S30.
Filing History
IRS 990 filing history for Downtown Development Unlimited Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Downtown Development Unlimited Inc reported a surplus of $390K, with revenue exceeding expenses. The organization holds $110K in liabilities against $504K in assets (debt-to-asset ratio: 21.8%), resulting in net assets of $394K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $500K | $110K | $504K | $110K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Development Unlimited Inc:
Data Sources and Methodology
This transparency report for Downtown Development Unlimited 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.