Downtown Madison Inc
EIN: 391422114 · Madison, WI
| Metric | Value |
|---|---|
| Total Revenue | $776K |
| Total Expenses | $652K |
| Net Assets | $313K |
Is Downtown Madison 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 Madison Inc
Downtown Madison Inc (EIN: 391422114) is a nonprofit organization based in Madison, WI. The organization reported total revenue of $776K and total assets of $446K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Madison Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Madison Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $587K |
| Total Expenses | $652K |
| Surplus / Deficit | $-64,884 |
| Total Assets | $368K |
| Total Liabilities | $55K |
| Net Assets | $313K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 14.9% |
| Months of Reserves | 6.8 months |
Financial Health Grade: B
In 2023, Downtown Madison Inc reported a deficit of $65K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 14.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Downtown Madison Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.0% | -28.2% | -22.8% |
| 2022 | +15.7% | +3.7% | -3.1% |
| 2021 | +2.1% | +8.7% | -15.1% |
| 2020 | -21.9% | +11.6% | -9.2% |
| 2019 | +45.1% | +10.7% | +49.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Downtown Madison 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 Madison 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 deficit of $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.9%.
Frequently Asked Questions about Downtown Madison Inc
Is Downtown Madison Inc a legitimate charity?
Downtown Madison Inc (EIN: 391422114) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $776K. No red flags identified. Financial health grade: B.
How does Downtown Madison Inc spend its money?
Downtown Madison Inc reported $776K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Downtown Madison Inc tax-deductible?
Downtown Madison Inc is registered as a tax-exempt nonprofit (EIN: 391422114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Downtown Madison Inc located?
Downtown Madison Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 391422114.
How many years of IRS 990 filings does Downtown Madison Inc have?
Downtown Madison 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 $776K in total revenue.
Filing History
IRS 990 filing history for Downtown Madison Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downtown Madison Inc's revenue has declined by 6.8%, moving from $630K to $587K. Total assets increased by 4.9% over the same period, from $350K to $368K. Total functional expenses rose by 4.9%, from $621K to $652K. In its most recent filing year (2023), Downtown Madison Inc reported a deficit of $65K, with expenses exceeding revenue. The organization holds $55K in liabilities against $368K in assets (debt-to-asset ratio: 14.9%), resulting in net assets of $313K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $587K | $652K | $368K | $55K | — | View 990 |
| 2022 | $890K | $907K | $476K | $98K | — | View 990 |
| 2021 | $769K | $875K | $491K | $96K | — | View 990 |
| 2020 | $753K | $805K | $579K | $74K | — | — |
| 2019 | $965K | $721K | $637K | $82K | — | View 990 |
| 2018 | $665K | $652K | $426K | $114K | — | View 990 |
| 2017 | $687K | $689K | $420K | $120K | — | View 990 |
| 2016 | $652K | $637K | $427K | $127K | — | View 990 |
| 2015 | $637K | $586K | $326K | $40K | — | View 990 |
| 2014 | $624K | $595K | $320K | $85K | — | View 990 |
| 2013 | $567K | $570K | $307K | $102K | — | View 990 |
| 2012 | $500K | $525K | $252K | $43K | — | View 990 |
| 2011 | $630K | $621K | $350K | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $587K, expenses of $652K, and assets of $368K (revenue -34.0% year-over-year).
- 2022: Revenue of $890K, expenses of $907K, and assets of $476K (revenue +15.7% year-over-year).
- 2021: Revenue of $769K, expenses of $875K, and assets of $491K (revenue +2.1% year-over-year).
- 2020: Revenue of $753K, expenses of $805K, and assets of $579K (revenue -21.9% year-over-year).
- 2019: Revenue of $965K, expenses of $721K, and assets of $637K (revenue +45.1% year-over-year).
- 2018: Revenue of $665K, expenses of $652K, and assets of $426K (revenue -3.3% year-over-year).
- 2017: Revenue of $687K, expenses of $689K, and assets of $420K (revenue +5.4% year-over-year).
- 2016: Revenue of $652K, expenses of $637K, and assets of $427K (revenue +2.4% year-over-year).
- 2015: Revenue of $637K, expenses of $586K, and assets of $326K (revenue +2.0% year-over-year).
- 2014: Revenue of $624K, expenses of $595K, and assets of $320K (revenue +10.1% year-over-year).
- 2013: Revenue of $567K, expenses of $570K, and assets of $307K (revenue +13.5% year-over-year).
- 2012: Revenue of $500K, expenses of $525K, and assets of $252K (revenue -20.6% year-over-year).
- 2011: Revenue of $630K, expenses of $621K, and assets of $350K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Madison Inc:
Data Sources and Methodology
This transparency report for Downtown Madison 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.