Downtown Toledo Improvement District
Downtown Toledo Improvement District shows consistent revenue growth and strong financial health with zero reported officer compensation.
EIN: 203888380 · Toledo, OH · NTEE: S200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $950K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1M |
| Net Assets | $932K |
| Transparency Score | 90/100 |
Is Downtown Toledo Improvement District Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Toledo Improvement District directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Toledo Improvement District
Downtown Toledo Improvement District (EIN: 203888380) is a nonprofit organization based in Toledo, OH, classified under NTEE code S200. The organization reported total revenue of $1.0M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Toledo Improvement District's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Toledo Improvement District is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $950K |
| Surplus / Deficit | +$74K |
| Total Assets | $932K |
| Net Assets | $932K |
| Operating Margin | 7.3% |
| Months of Reserves | 11.8 months |
Financial Health Grade: A
In 2023, Downtown Toledo Improvement District reported a surplus of $74K with revenue exceeding expenses, holds 11.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Downtown Toledo Improvement District's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | +16.8% | +8.7% |
| 2022 | -2.4% | -0.6% | +21.7% |
| 2021 | +51.4% | +35.0% | +32.4% |
| 2020 | +1.7% | -5.8% | +9.9% |
| 2019 | +3.6% | +0.3% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Toledo Improvement District 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 Toledo Improvement District 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 $74K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has been consistently reported as 0% across all available filings, indicating either a volunteer-led executive team or that executive salaries are not categorized as officer compensation on the 990, which is highly unusual for an organization of this size ($1M+ revenue).
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 Toledo Improvement District's IRS 990 filings:
- Unusual 0% reported officer compensation for an organization with over $1 million in revenue, warranting further inquiry into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Downtown Toledo Improvement District:
- Consistent revenue growth, increasing from $654,116 in 2020 to $1,024,924 in 2023.
- Strong financial health with assets growing to $1,304,933 and zero reported liabilities in recent years.
- Expenses consistently lower than revenue, indicating efficient financial management and surplus generation (e.g., $74,478 surplus in 2023).
- Excellent transparency with 13 consistent IRS 990 filings.
- No reported officer compensation, suggesting a highly cost-efficient leadership structure.
Frequently Asked Questions about Downtown Toledo Improvement District
Is Downtown Toledo Improvement District a legitimate charity?
Downtown Toledo Improvement District (EIN: 203888380) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Downtown Toledo Improvement District spend its money?
Downtown Toledo Improvement District directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Downtown Toledo Improvement District tax-deductible?
Downtown Toledo Improvement District is registered as a tax-exempt nonprofit (EIN: 203888380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downtown Toledo Improvement District CEO make?
Downtown Toledo Improvement District's highest-compensated officer earns $1M annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Downtown Toledo Improvement District's spending goes to programs?
Downtown Toledo Improvement District directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downtown Toledo Improvement District compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Downtown Toledo Improvement District is above average for NTEE category S200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downtown Toledo Improvement District located?
Downtown Toledo Improvement District is headquartered in Toledo, Ohio and files with the IRS under EIN 203888380. It is classified under NTEE code S200.
How many years of IRS 990 filings does Downtown Toledo Improvement District have?
Downtown Toledo Improvement District 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 $1.0M in total revenue.
Is Downtown Toledo Improvement District a good charity?
Based on its financial health, consistent revenue growth, low liabilities, and 0% reported officer compensation, the Downtown Toledo Improvement District appears to be a well-managed and financially sound organization. Its consistent surplus of revenue over expenses (e.g., $1,024,924 revenue vs. $950,446 expenses in 2023) indicates efficient operations.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $654,116 in 2020 to $1,024,924 in 2023, representing a substantial increase of over 56% in three years.
What is the organization's liability situation?
The Downtown Toledo Improvement District has reported $0 in liabilities for the past nine consecutive filing periods (2015-2023), indicating exceptional financial stability and minimal debt.
How does the organization manage its assets?
The organization has consistently grown its assets, from $363,714 in 2014 to $1,304,933 currently, demonstrating effective asset management and accumulation of reserves. This growth is supported by consistent surpluses.
Filing History
IRS 990 filing history for Downtown Toledo Improvement District showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Downtown Toledo Improvement District's revenue has grown by 88.6%, moving from $544K to $1.0M. Total assets increased by 621.7% over the same period, from $129K to $932K. Total functional expenses rose by 87.1%, from $508K to $950K. In its most recent filing year (2023), Downtown Toledo Improvement District reported a surplus of $74K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $950K | $932K | $0 | — | View 990 |
| 2022 | $966K | $813K | $857K | $0 | — | View 990 |
| 2021 | $991K | $818K | $704K | $0 | — | View 990 |
| 2020 | $654K | $606K | $532K | $0 | — | View 990 |
| 2019 | $643K | $644K | $484K | $0 | — | View 990 |
| 2018 | $621K | $642K | $485K | $0 | — | View 990 |
| 2017 | $736K | $740K | $506K | $0 | — | View 990 |
| 2016 | $677K | $608K | $510K | $0 | — | View 990 |
| 2015 | $656K | $572K | $442K | $0 | — | View 990 |
| 2014 | $655K | $545K | $364K | $5K | — | View 990 |
| 2013 | $692K | $601K | $292K | $43K | — | View 990 |
| 2012 | $605K | $548K | $201K | $42K | — | View 990 |
| 2011 | $544K | $508K | $129K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $950K, and assets of $932K (revenue +6.1% year-over-year).
- 2022: Revenue of $966K, expenses of $813K, and assets of $857K (revenue -2.4% year-over-year).
- 2021: Revenue of $991K, expenses of $818K, and assets of $704K (revenue +51.4% year-over-year).
- 2020: Revenue of $654K, expenses of $606K, and assets of $532K (revenue +1.7% year-over-year).
- 2019: Revenue of $643K, expenses of $644K, and assets of $484K (revenue +3.6% year-over-year).
- 2018: Revenue of $621K, expenses of $642K, and assets of $485K (revenue -15.7% year-over-year).
- 2017: Revenue of $736K, expenses of $740K, and assets of $506K (revenue +8.8% year-over-year).
- 2016: Revenue of $677K, expenses of $608K, and assets of $510K (revenue +3.2% year-over-year).
- 2015: Revenue of $656K, expenses of $572K, and assets of $442K (revenue +0.1% year-over-year).
- 2014: Revenue of $655K, expenses of $545K, and assets of $364K (revenue -5.4% year-over-year).
- 2013: Revenue of $692K, expenses of $601K, and assets of $292K (revenue +14.4% year-over-year).
- 2012: Revenue of $605K, expenses of $548K, and assets of $201K (revenue +11.3% year-over-year).
- 2011: Revenue of $544K, expenses of $508K, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Toledo Improvement District:
Data Sources and Methodology
This transparency report for Downtown Toledo Improvement District 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.