Downtown Improvement District Inc
Downtown Improvement District Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10473460 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $399K |
| Transparency Score | 90/100 |
Is Downtown Improvement District Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Improvement District Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Improvement District Inc
Downtown Improvement District Inc (EIN: 10473460) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $1.3M and total assets of $476K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Improvement District Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Improvement District Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$98K |
| Total Assets | $445K |
| Total Liabilities | $46K |
| Net Assets | $399K |
| Operating Margin | 7.5% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, Downtown Improvement District Inc reported a surplus of $98K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Downtown Improvement District Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.3% | +16.0% | +23.7% |
| 2022 | +1.5% | +4.7% | +13.3% |
| 2021 | -3.3% | -4.8% | +43.6% |
| 2020 | +2.1% | +1.0% | +7.0% |
| 2019 | +21.5% | +12.5% | +38.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Improvement District Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Downtown Improvement District Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $98K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
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 of its size with over $1 million in annual revenue and suggests a strong commitment to directing funds towards its mission.
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 Improvement District Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data
- Unusually low (0%) officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Downtown Improvement District Inc:
- Consistent revenue growth over the past decade, from $792,623 in 201406 to $1,315,803 in 202306.
- Healthy and growing asset base, increasing from $332,044 in 201406 to $445,315 in 202306.
- Consistent operational surpluses, with revenues exceeding expenses in most periods, indicating sound financial management.
- Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds to the mission.
- Low liabilities relative to assets, indicating good financial stability (e.g., $46,067 liabilities vs. $445,315 assets in 202306).
Frequently Asked Questions about Downtown Improvement District Inc
Is Downtown Improvement District Inc a legitimate charity?
Downtown Improvement District Inc (EIN: 10473460) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Downtown Improvement District Inc spend its money?
Downtown Improvement District Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Downtown Improvement District Inc tax-deductible?
Downtown Improvement District Inc is registered as a tax-exempt nonprofit (EIN: 10473460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downtown Improvement District Inc CEO make?
Downtown Improvement District Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Downtown Improvement District Inc's spending goes to programs?
Downtown Improvement District Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Downtown Improvement District Inc located?
Downtown Improvement District Inc is headquartered in Portland, Maine and files with the IRS under EIN 10473460.
How many years of IRS 990 filings does Downtown Improvement District Inc have?
Downtown Improvement District Inc 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 $1.3M in total revenue.
How does Downtown Improvement District Inc manage to operate without officer compensation?
The filings consistently report 0% officer compensation, which is exceptional for an organization with over $1 million in annual revenue. This could imply that leadership roles are filled by volunteers, or compensation is covered by a related entity, or through other non-reportable means. Further investigation into their operational model would be needed to understand this fully.
What are the primary sources of revenue for the organization?
While the provided data shows total revenue, it does not detail the specific sources (e.g., grants, donations, service fees). Given its name, it likely receives funding from local businesses, property owners, or municipal contracts for district improvement services.
What specific programs or services does Downtown Improvement District Inc provide?
The provided financial data does not specify the programs or services. However, based on its name, it likely focuses on initiatives such as beautification, safety, marketing, and economic development within the downtown area of Portland, ME.
Filing History
IRS 990 filing history for Downtown Improvement District Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downtown Improvement District Inc's revenue has grown by 55.3%, moving from $847K to $1.3M. Total assets increased by 27.4% over the same period, from $350K to $445K. Total functional expenses rose by 46.2%, from $833K to $1.2M. In its most recent filing year (2023), Downtown Improvement District Inc reported a surplus of $98K, with revenue exceeding expenses. The organization holds $46K in liabilities against $445K in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $399K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.2M | $445K | $46K | — | — |
| 2022 | $1.1M | $1.1M | $360K | $59K | — | View 990 |
| 2021 | $1.1M | $1.0M | $318K | $51K | — | View 990 |
| 2020 | $1.1M | $1.1M | $221K | $21K | — | — |
| 2019 | $1.1M | $1.0M | $207K | $58K | — | View 990 |
| 2018 | $890K | $927K | $150K | $40K | — | View 990 |
| 2017 | $912K | $904K | $215K | $69K | — | View 990 |
| 2016 | $858K | $932K | $240K | $103K | — | View 990 |
| 2015 | $908K | $861K | $319K | $107K | — | View 990 |
| 2014 | $793K | $797K | $332K | $167K | — | View 990 |
| 2013 | $849K | $856K | $335K | $165K | — | View 990 |
| 2012 | $861K | $902K | $326K | $149K | — | — |
| 2011 | $847K | $833K | $350K | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $445K (revenue +21.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $360K (revenue +1.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.0M, and assets of $318K (revenue -3.3% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $221K (revenue +2.1% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $207K (revenue +21.5% year-over-year).
- 2018: Revenue of $890K, expenses of $927K, and assets of $150K (revenue -2.4% year-over-year).
- 2017: Revenue of $912K, expenses of $904K, and assets of $215K (revenue +6.4% year-over-year).
- 2016: Revenue of $858K, expenses of $932K, and assets of $240K (revenue -5.5% year-over-year).
- 2015: Revenue of $908K, expenses of $861K, and assets of $319K (revenue +14.6% year-over-year).
- 2014: Revenue of $793K, expenses of $797K, and assets of $332K (revenue -6.6% year-over-year).
- 2013: Revenue of $849K, expenses of $856K, and assets of $335K (revenue -1.4% year-over-year).
- 2012: Revenue of $861K, expenses of $902K, and assets of $326K (revenue +1.7% year-over-year).
- 2011: Revenue of $847K, expenses of $833K, and assets of $350K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Improvement District Inc:
Data Sources and Methodology
This transparency report for Downtown Improvement District 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.