Downtown Greensboro Foundation
EIN: 562242416 · Greensboro, NC · NTEE: A80
Is Downtown Greensboro Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Downtown Greensboro Foundation
Downtown Greensboro Foundation (EIN: 562242416) is a nonprofit organization based in Greensboro, NC, classified under NTEE code A80. The organization reported total revenue of $669K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Greensboro Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Greensboro Foundation is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $554K |
| Surplus / Deficit | +$511K |
| Total Assets | $983K |
| Total Liabilities | $242K |
| Net Assets | $742K |
| Operating Margin | 48.0% |
| Debt-to-Asset Ratio | 24.6% |
| Months of Reserves | 21.3 months |
Financial Health Grade: A
In 2023, Downtown Greensboro Foundation reported a surplus of $511K with revenue exceeding expenses, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 24.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Downtown Greensboro Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +88.7% | -3.2% | +38.0% |
| 2022 | +8.6% | +12.0% | -0.6% |
| 2021 | -2.9% | -18.7% | +15.6% |
| 2020 | +36.2% | +58.0% | +74.5% |
| 2019 | -9.5% | -3.0% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Downtown Greensboro Foundation 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 Greensboro Foundation 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 $511K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.6%.
Frequently Asked Questions about Downtown Greensboro Foundation
Is Downtown Greensboro Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Downtown Greensboro Foundation (EIN: 562242416) insufficient data. 0 red flags identified, 0 strengths noted.
How does Downtown Greensboro Foundation spend its money?
Detailed spending breakdown data is not yet available for Downtown Greensboro Foundation. Check back for updated IRS 990 analysis.
Are donations to Downtown Greensboro Foundation tax-deductible?
Downtown Greensboro Foundation is registered as a tax-exempt nonprofit (EIN: 562242416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Downtown Greensboro Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downtown Greensboro Foundation's revenue has grown by 242.4%, moving from $311K to $1.1M. Total assets increased by 509.8% over the same period, from $161K to $983K. Total functional expenses rose by 189.3%, from $191K to $554K. In its most recent filing year (2023), Downtown Greensboro Foundation reported a surplus of $511K, with revenue exceeding expenses. The organization holds $242K in liabilities against $983K in assets (debt-to-asset ratio: 24.6%), resulting in net assets of $742K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $554K | $983K | $242K | — | View 990 |
| 2022 | $564K | $572K | $713K | $482K | — | View 990 |
| 2021 | $519K | $511K | $717K | $478K | — | — |
| 2020 | $535K | $628K | $620K | $390K | — | View 990 |
| 2019 | $393K | $397K | $355K | $33K | — | View 990 |
| 2018 | $434K | $410K | $367K | $40K | — | View 990 |
| 2017 | $473K | $375K | $344K | $41K | — | View 990 |
| 2016 | $212K | $127K | $237K | $31K | — | View 990 |
| 2015 | $142K | $161K | $121K | $0 | — | View 990 |
| 2014 | $102K | $143K | $187K | $48K | — | View 990 |
| 2013 | $176K | $178K | $221K | $41K | — | View 990 |
| 2012 | $158K | $150K | $210K | $40K | — | View 990 |
| 2011 | $311K | $191K | $161K | $14 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $554K, and assets of $983K (revenue +88.7% year-over-year).
- 2022: Revenue of $564K, expenses of $572K, and assets of $713K (revenue +8.6% year-over-year).
- 2021: Revenue of $519K, expenses of $511K, and assets of $717K (revenue -2.9% year-over-year).
- 2020: Revenue of $535K, expenses of $628K, and assets of $620K (revenue +36.2% year-over-year).
- 2019: Revenue of $393K, expenses of $397K, and assets of $355K (revenue -9.5% year-over-year).
- 2018: Revenue of $434K, expenses of $410K, and assets of $367K (revenue -8.3% year-over-year).
- 2017: Revenue of $473K, expenses of $375K, and assets of $344K (revenue +123.3% year-over-year).
- 2016: Revenue of $212K, expenses of $127K, and assets of $237K (revenue +49.2% year-over-year).
- 2015: Revenue of $142K, expenses of $161K, and assets of $121K (revenue +38.6% year-over-year).
- 2014: Revenue of $102K, expenses of $143K, and assets of $187K (revenue -41.7% year-over-year).
- 2013: Revenue of $176K, expenses of $178K, and assets of $221K (revenue +10.9% year-over-year).
- 2012: Revenue of $158K, expenses of $150K, and assets of $210K (revenue -49.1% year-over-year).
- 2011: Revenue of $311K, expenses of $191K, and assets of $161K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Greensboro Foundation:
Data Sources and Methodology
This transparency report for Downtown Greensboro Foundation 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.