Downtown Wastington On The Waterfront
Downtown Washington On The Waterfront shows consistent revenue growth and significant asset accumulation, with no reported officer compensation.
EIN: 200175742 · Washington, NC · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $328K |
| Total Expenses | $248K |
| Program Spending | 80% |
| Net Assets | $496K |
| Transparency Score | 85/100 |
Is Downtown Wastington On The Waterfront Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Wastington On The Waterfront directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Wastington On The Waterfront
Downtown Wastington On The Waterfront (EIN: 200175742) is a nonprofit organization based in Washington, NC, classified under NTEE code S30. The organization reported total revenue of $328K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Wastington On The Waterfront's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Wastington On The Waterfront is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $292K |
| Total Expenses | $248K |
| Surplus / Deficit | +$44K |
| Total Assets | $974K |
| Total Liabilities | $478K |
| Net Assets | $496K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 49.1% |
| Months of Reserves | 47.2 months |
Financial Health Grade: A
In 2023, Downtown Wastington On The Waterfront reported a surplus of $44K with revenue exceeding expenses, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 49.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Downtown Wastington On The Waterfront's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | -2.7% | +71.4% |
| 2022 | +11.7% | +52.1% | +6.6% |
| 2021 | +10.5% | +5.4% | +27.1% |
| 2020 | -0.7% | +8.8% | +23.9% |
| 2019 | +49.0% | -5.2% | +66.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Wastington On The Waterfront 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 Wastington On The Waterfront 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $44K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly commendable for a nonprofit of its size.
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 Wastington On The Waterfront's IRS 990 filings:
- Significant increase in liabilities from $1,075 in 2014 to $478,048 in 2023, which warrants further investigation into their nature.
Strengths
The following positive indicators were identified for Downtown Wastington On The Waterfront:
- Consistent revenue growth over the past decade, from $123,677 in 2014 to $291,743 in 2023.
- Substantial asset accumulation, growing from $53,189 in 2014 to $973,813 in 2023.
- 0% officer compensation reported across all filings, indicating strong financial stewardship and dedication to mission.
- Positive net income in most recent filing ($291,743 revenue vs. $247,791 expenses in 202306).
Frequently Asked Questions about Downtown Wastington On The Waterfront
Is Downtown Wastington On The Waterfront a legitimate charity?
Downtown Wastington On The Waterfront (EIN: 200175742) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $328K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Downtown Wastington On The Waterfront spend its money?
Downtown Wastington On The Waterfront directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Downtown Wastington On The Waterfront tax-deductible?
Downtown Wastington On The Waterfront is registered as a tax-exempt nonprofit (EIN: 200175742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Downtown Wastington On The Waterfront's spending goes to programs?
Downtown Wastington On The Waterfront directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Downtown Wastington On The Waterfront compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Downtown Wastington On The Waterfront is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Downtown Wastington On The Waterfront located?
Downtown Wastington On The Waterfront is headquartered in Washington, North Carolina and files with the IRS under EIN 200175742. It is classified under NTEE code S30.
How many years of IRS 990 filings does Downtown Wastington On The Waterfront have?
Downtown Wastington On The Waterfront has 12 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 $328K in total revenue.
Is Downtown Washington On The Waterfront financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $123,677 in 2014 to $291,743 in 2023, and a substantial increase in assets from $53,189 to $973,813 over the same period. While liabilities have increased, the asset growth significantly outpaces it.
How has the organization's asset base changed over time?
The organization's asset base has grown dramatically, from $53,189 in 2014 to $973,813 in 2023, representing an increase of over 1700% in less than a decade.
What is the trend in the organization's liabilities?
Liabilities have shown an increasing trend, particularly in recent years, rising from $1,075 in 2014 to $478,048 in 2023. This growth should be monitored, though it is currently offset by significant asset growth.
Filing History
IRS 990 filing history for Downtown Wastington On The Waterfront showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Downtown Wastington On The Waterfront's revenue has grown by 75%, moving from $167K to $292K. Total assets increased by 1238.4% over the same period, from $73K to $974K. Total functional expenses rose by 57.4%, from $157K to $248K. In its most recent filing year (2023), Downtown Wastington On The Waterfront reported a surplus of $44K, with revenue exceeding expenses. The organization holds $478K in liabilities against $974K in assets (debt-to-asset ratio: 49.1%), resulting in net assets of $496K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $292K | $248K | $974K | $478K | — | View 990 |
| 2022 | $321K | $255K | $568K | $116K | — | View 990 |
| 2021 | $287K | $167K | $533K | $147K | — | View 990 |
| 2020 | $260K | $159K | $419K | $153K | — | View 990 |
| 2019 | $262K | $146K | $338K | $173K | — | View 990 |
| 2018 | $176K | $154K | $203K | $153K | — | View 990 |
| 2017 | $138K | $181K | $181K | $153K | — | View 990 |
| 2016 | $142K | $136K | $73K | $1K | — | View 990 |
| 2015 | $150K | $137K | $65K | $482 | — | View 990 |
| 2014 | $124K | $121K | $53K | $1K | — | View 990 |
| 2013 | $194K | $174K | $50K | $606 | — | View 990 |
| 2012 | $167K | $157K | $73K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $292K, expenses of $248K, and assets of $974K (revenue -9.0% year-over-year).
- 2022: Revenue of $321K, expenses of $255K, and assets of $568K (revenue +11.7% year-over-year).
- 2021: Revenue of $287K, expenses of $167K, and assets of $533K (revenue +10.5% year-over-year).
- 2020: Revenue of $260K, expenses of $159K, and assets of $419K (revenue -0.7% year-over-year).
- 2019: Revenue of $262K, expenses of $146K, and assets of $338K (revenue +49.0% year-over-year).
- 2018: Revenue of $176K, expenses of $154K, and assets of $203K (revenue +27.1% year-over-year).
- 2017: Revenue of $138K, expenses of $181K, and assets of $181K (revenue -2.9% year-over-year).
- 2016: Revenue of $142K, expenses of $136K, and assets of $73K (revenue -5.3% year-over-year).
- 2015: Revenue of $150K, expenses of $137K, and assets of $65K (revenue +21.5% year-over-year).
- 2014: Revenue of $124K, expenses of $121K, and assets of $53K (revenue -36.3% year-over-year).
- 2013: Revenue of $194K, expenses of $174K, and assets of $50K (revenue +16.5% year-over-year).
- 2012: Revenue of $167K, expenses of $157K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Wastington On The Waterfront:
Data Sources and Methodology
This transparency report for Downtown Wastington On The Waterfront 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.