Downtown Streets Inc
Downtown Streets Inc shows strong revenue growth and zero reported officer compensation over the past decade.
EIN: 205242330 · San Jose, CA · NTEE: J22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $14.7M |
| Program Spending | 85% |
| Net Assets | $656K |
| Transparency Score | 90/100 |
Is Downtown Streets Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Streets Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Streets Inc
Downtown Streets Inc (EIN: 205242330) is a nonprofit organization based in San Jose, CA, classified under NTEE code J22. The organization reported total revenue of $17.5M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Streets Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Streets Inc is a large nonprofit that has been operating for 11 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 31.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.8M |
| Total Expenses | $14.7M |
| Surplus / Deficit | $-934,491 |
| Total Assets | $3.9M |
| Total Liabilities | $3.3M |
| Net Assets | $656K |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 83.3% |
| Months of Reserves | 3.2 months |
Financial Health Grade: C
In 2023, Downtown Streets Inc reported a deficit of $934K with expenses exceeding revenue, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 83.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Downtown Streets Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.6% | +25.3% | +9.9% |
| 2022 | +12.0% | +5.9% | +16.4% |
| 2021 | +0.2% | +14.6% | +3.6% |
| 2020 | +23.7% | +26.4% | +18.1% |
| 2019 | +34.8% | +35.3% | +58.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Streets 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 Streets 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 deficit of $934K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.3%.
Executive Compensation Analysis
Downtown Streets Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing funds to programs.
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 Streets Inc's IRS 990 filings:
- Expenses slightly exceeded revenue in recent years (e.g., 2023, 2022, 2021), which could warrant monitoring for long-term sustainability if it becomes a consistent trend.
Strengths
The following positive indicators were identified for Downtown Streets Inc:
- Consistent and significant revenue growth over the past decade, demonstrating expanding impact.
- Zero reported officer compensation across all filings, indicating exceptional dedication to mission and transparency.
- Healthy asset growth, providing a strong financial foundation.
- Expenses generally align with revenue, suggesting efficient use of funds for program delivery.
- Strong program focus, as implied by the lack of executive compensation and overall financial trajectory.
Frequently Asked Questions about Downtown Streets Inc
Is Downtown Streets Inc a legitimate charity?
Downtown Streets Inc (EIN: 205242330) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $17.5M. 1 red flag identified. 5 strengths noted. Financial health grade: C.
How does Downtown Streets Inc spend its money?
Downtown Streets Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Downtown Streets Inc tax-deductible?
Downtown Streets Inc is registered as a tax-exempt nonprofit (EIN: 205242330). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Downtown Streets Inc's spending goes to programs?
Downtown Streets Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downtown Streets Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Downtown Streets Inc is above average for NTEE category J22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downtown Streets Inc located?
Downtown Streets Inc is headquartered in San Jose, California and files with the IRS under EIN 205242330. It is classified under NTEE code J22.
How many years of IRS 990 filings does Downtown Streets Inc have?
Downtown Streets 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 $17.5M in total revenue.
Is Downtown Streets Inc a good charity?
Based on the provided data, Downtown Streets Inc appears to be a very good charity. It exhibits strong revenue and asset growth, consistent program spending, and a remarkable commitment to transparency with 0% reported officer compensation.
How has Downtown Streets Inc's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $2.76 million in 2015 to $13.77 million in 2023, and assets growing from $0.85 million to $3.93 million in the same period, indicating robust expansion.
What is the organization's approach to executive compensation?
Downtown Streets Inc reports 0% officer compensation in all available filings, suggesting that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong indicator of mission-first financial practices.
Are there any concerns about the organization's liabilities?
While liabilities have increased alongside assets (from $349,387 in 2015 to $3,278,103 in 2023), the asset-to-liability ratio remains healthy, indicating that the organization has sufficient assets to cover its obligations. For example, in 2023, assets were $3,933,771 against liabilities of $3,278,103.
Filing History
IRS 990 filing history for Downtown Streets Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Downtown Streets Inc's revenue has grown by 3353.6%, moving from $399K to $13.8M. Total assets increased by 15186.9% over the same period, from $26K to $3.9M. Total functional expenses rose by 3253.6%, from $438K to $14.7M. In its most recent filing year (2023), Downtown Streets Inc reported a deficit of $934K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $3.9M in assets (debt-to-asset ratio: 83.3%), resulting in net assets of $656K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.8M | $14.7M | $3.9M | $3.3M | — | — |
| 2022 | $11.6M | $11.7M | $3.6M | $2.0M | — | View 990 |
| 2021 | $10.4M | $11.1M | $3.1M | $1.4M | — | — |
| 2020 | $10.3M | $9.7M | $3.0M | $532K | — | View 990 |
| 2019 | $8.4M | $7.7M | $2.5M | $744K | — | View 990 |
| 2018 | $6.2M | $5.7M | $1.6M | $525K | — | View 990 |
| 2017 | $3.2M | $3.4M | $1.0M | $508K | — | View 990 |
| 2016 | $3.1M | $2.9M | $962K | $191K | — | View 990 |
| 2015 | $2.8M | $2.5M | $852K | $349K | — | View 990 |
| 2014 | $3.1M | $2.9M | $726K | $303K | — | View 990 |
| 2013 | $1.7M | $1.7M | $419K | $244K | — | View 990 |
| 2012 | $1.0M | $895K | $176K | $42K | — | View 990 |
| 2011 | $524K | $526K | $18K | $7K | — | View 990 |
| 2010 | $399K | $438K | $26K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.8M, expenses of $14.7M, and assets of $3.9M (revenue +18.6% year-over-year).
- 2022: Revenue of $11.6M, expenses of $11.7M, and assets of $3.6M (revenue +12.0% year-over-year).
- 2021: Revenue of $10.4M, expenses of $11.1M, and assets of $3.1M (revenue +0.2% year-over-year).
- 2020: Revenue of $10.3M, expenses of $9.7M, and assets of $3.0M (revenue +23.7% year-over-year).
- 2019: Revenue of $8.4M, expenses of $7.7M, and assets of $2.5M (revenue +34.8% year-over-year).
- 2018: Revenue of $6.2M, expenses of $5.7M, and assets of $1.6M (revenue +96.6% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.4M, and assets of $1.0M (revenue +0.9% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.9M, and assets of $962K (revenue +13.4% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.5M, and assets of $852K (revenue -12.0% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.9M, and assets of $726K (revenue +80.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $419K (revenue +68.2% year-over-year).
- 2012: Revenue of $1.0M, expenses of $895K, and assets of $176K (revenue +96.9% year-over-year).
- 2011: Revenue of $524K, expenses of $526K, and assets of $18K (revenue +31.4% year-over-year).
- 2010: Revenue of $399K, expenses of $438K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Streets Inc:
Data Sources and Methodology
This transparency report for Downtown Streets 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.