Downtown Vision Alliance Inc
Downtown Vision Alliance Inc shows consistent revenue growth with 0% officer compensation, experiencing a slight deficit in 2023.
EIN: 205076887 · Jacksonville, FL · NTEE: S11 · Updated: 2026-03-28
Is Downtown Vision Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Vision Alliance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Vision Alliance Inc
Downtown Vision Alliance Inc (EIN: 205076887) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code S11. The organization reported total revenue of $1.4M and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Vision Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Downtown Vision Alliance Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Downtown Vision Alliance Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 11 filings, indicating that no salaries are paid to its officers. This suggests a volunteer-driven leadership or a highly efficient operational model, which is a strong positive for donor confidence.
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 Vision Alliance Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 by approximately $49,570, indicating a recent operating deficit.
- Significant decrease in assets from $548,334 in 2022 to $277,928 in 2023, which warrants further investigation.
Strengths
The following positive indicators were identified for Downtown Vision Alliance Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating high transparency and efficiency.
- Strong revenue growth, increasing from $224,937 in 2019 to over $1.3 million in 2023.
- Positive net assets, indicating financial solvency despite recent fluctuations.
- Long filing history (11 filings) suggests established operations and compliance.
Frequently Asked Questions about Downtown Vision Alliance Inc
Is Downtown Vision Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Downtown Vision Alliance Inc (EIN: 205076887) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Downtown Vision Alliance Inc spend its money?
Downtown Vision Alliance Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Downtown Vision Alliance Inc tax-deductible?
Downtown Vision Alliance Inc is registered as a tax-exempt nonprofit (EIN: 205076887). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Downtown Vision Alliance Inc financially stable?
The organization has shown significant revenue growth, from $224,937 in 2019 to $1,329,524 in 2023. While it incurred a deficit of approximately $49,570 in 2023, its assets of $277,928 and history of surpluses suggest a generally stable, though recently challenged, financial position.
How does Downtown Vision Alliance Inc manage executive compensation?
Downtown Vision Alliance Inc reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers. This is a highly transparent and efficient practice.
What is the trend in the organization's assets?
Assets have shown significant growth over time, from $17,931 in 2014 to a peak of $548,334 in 2022, before decreasing to $277,928 in 2023. This fluctuation suggests active management of resources.
Did the organization operate at a surplus or deficit in recent years?
In 2023, the organization operated at a deficit of approximately $49,570 (Expenses $1,379,094 - Revenue $1,329,524). However, it had surpluses in 2021 ($84,686) and 2022 ($17,568).
Filing History
IRS 990 filing history for Downtown Vision Alliance Inc showing financial trends over 11 years of public records:
Total assets increased by 27792700% over the same period, from $1 to $278K. In its most recent filing year (2023), Downtown Vision Alliance Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $78K in liabilities against $278K in assets (debt-to-asset ratio: 28.0%), resulting in net assets of $200K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $278K | $78K | — | View 990 |
| 2022 | $1.1M | $1.1M | $548K | $299K | — | View 990 |
| 2021 | $1.2M | $1.1M | $267K | $0 | — | View 990 |
| 2020 | $377K | $328K | $237K | $54K | — | View 990 |
| 2019 | $225K | $151K | $183K | $50K | — | View 990 |
| 2018 | $229K | $216K | $89K | $29K | — | View 990 |
| 2017 | $170K | $157K | $47K | $0 | — | View 990 |
| 2016 | $272K | $276K | $34K | $309 | — | View 990 |
| 2015 | $43K | $23K | $38K | $0 | — | View 990 |
| 2014 | $54K | $36K | $18K | $0 | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $278K (revenue +25.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $548K (revenue -11.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $267K (revenue +219.2% year-over-year).
- 2020: Revenue of $377K, expenses of $328K, and assets of $237K (revenue +67.7% year-over-year).
- 2019: Revenue of $225K, expenses of $151K, and assets of $183K (revenue -1.9% year-over-year).
- 2018: Revenue of $229K, expenses of $216K, and assets of $89K (revenue +34.6% year-over-year).
- 2017: Revenue of $170K, expenses of $157K, and assets of $47K (revenue -37.4% year-over-year).
- 2016: Revenue of $272K, expenses of $276K, and assets of $34K (revenue +529.8% year-over-year).
- 2015: Revenue of $43K, expenses of $23K, and assets of $38K (revenue -20.1% year-over-year).
- 2014: Revenue of $54K, expenses of $36K, and assets of $18K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
Data Sources and Methodology
This transparency report for Downtown Vision Alliance 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.