Eastown Community Association
EIN: 237441183 · Grand Rapids, MI
| Metric | Value |
|---|---|
| Total Revenue | $151K |
| Total Expenses | $47K |
| Net Assets | $234K |
Is Eastown Community Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eastown Community Association
Eastown Community Association (EIN: 237441183) is a nonprofit organization based in Grand Rapids, MI. The organization reported total revenue of $151K and total assets of $271K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastown Community Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastown Community Association is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $47K |
| Surplus / Deficit | $-2,653 |
| Total Assets | $235K |
| Total Liabilities | $549 |
| Net Assets | $234K |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 59.9 months |
Financial Health Grade: B
In 2023, Eastown Community Association reported a deficit of $3K with expenses exceeding revenue, holds 59.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Eastown Community Association's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.4% | +42.9% | -1.3% |
| 2022 | -13.0% | -50.7% | +14.8% |
| 2021 | +14.0% | -21.8% | +0.4% |
| 2020 | -33.5% | -29.8% | -3.1% |
| 2019 | -20.7% | +42.2% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eastown Community Association 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 Eastown Community Association 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Eastown Community Association
Is Eastown Community Association a legitimate charity?
Eastown Community Association (EIN: 237441183) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $151K. No red flags identified. Financial health grade: B.
How does Eastown Community Association spend its money?
Eastown Community Association reported $151K 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 Eastown Community Association tax-deductible?
Eastown Community Association is registered as a tax-exempt nonprofit (EIN: 237441183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eastown Community Association located?
Eastown Community Association is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 237441183.
How many years of IRS 990 filings does Eastown Community Association have?
Eastown Community Association 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 $151K in total revenue.
Filing History
IRS 990 filing history for Eastown Community Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Eastown Community Association's revenue has declined by 20.4%, moving from $56K to $44K. Total assets increased by 52.1% over the same period, from $154K to $235K. Total functional expenses rose by 30.8%, from $36K to $47K. In its most recent filing year (2023), Eastown Community Association reported a deficit of $3K, with expenses exceeding revenue. The organization holds $549 in liabilities against $235K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $234K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $47K | $235K | $549 | — | View 990 |
| 2022 | $69K | $33K | $238K | $966 | — | — |
| 2021 | $79K | $67K | $207K | $6K | — | View 990 |
| 2020 | $69K | $85K | $206K | $18K | — | View 990 |
| 2019 | $104K | $122K | $213K | $8K | — | View 990 |
| 2018 | $131K | $85K | $230K | $8K | — | View 990 |
| 2017 | $60K | $55K | $159K | $2K | — | View 990 |
| 2016 | $64K | $61K | $154K | $2K | — | View 990 |
| 2015 | $73K | $66K | $151K | $975 | — | View 990 |
| 2014 | $21K | $19K | $144K | $1K | — | View 990 |
| 2014 | $66K | $79K | $149K | $1K | — | View 990 |
| 2013 | $42K | $34K | $162K | $1K | — | View 990 |
| 2012 | $56K | $36K | $154K | $562 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $47K, and assets of $235K (revenue -35.4% year-over-year).
- 2022: Revenue of $69K, expenses of $33K, and assets of $238K (revenue -13.0% year-over-year).
- 2021: Revenue of $79K, expenses of $67K, and assets of $207K (revenue +14.0% year-over-year).
- 2020: Revenue of $69K, expenses of $85K, and assets of $206K (revenue -33.5% year-over-year).
- 2019: Revenue of $104K, expenses of $122K, and assets of $213K (revenue -20.7% year-over-year).
- 2018: Revenue of $131K, expenses of $85K, and assets of $230K (revenue +118.9% year-over-year).
- 2017: Revenue of $60K, expenses of $55K, and assets of $159K (revenue -6.3% year-over-year).
- 2016: Revenue of $64K, expenses of $61K, and assets of $154K (revenue -12.2% year-over-year).
- 2015: Revenue of $73K, expenses of $66K, and assets of $151K (revenue +251.6% year-over-year).
- 2014: Revenue of $21K, expenses of $19K, and assets of $144K (revenue -68.4% year-over-year).
- 2014: Revenue of $66K, expenses of $79K, and assets of $149K (revenue +56.9% year-over-year).
- 2013: Revenue of $42K, expenses of $34K, and assets of $162K (revenue -25.1% year-over-year).
- 2012: Revenue of $56K, expenses of $36K, and assets of $154K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastown Community Association:
Data Sources and Methodology
This transparency report for Eastown Community Association 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.