Ferndale Downtown Developmentassociation
Ferndale Downtown Development Association faces significant revenue decline and operational deficit in 2023 after strong 2022.
EIN: 208688675 · Ferndale, WA · NTEE: S80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $141K |
| Total Expenses | $248K |
| Program Spending | 80% |
| Net Assets | $345K |
| Transparency Score | 65/100 |
Search Intent Cockpit
Ferndale Downtown Developmentassociation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Ferndale Downtown Developmentassociation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Ferndale Downtown Developmentassociation in one place.
Form 990 Filing Summary
2 filing years are available, with latest revenue of $118K and expenses of $248K.
Revenue and Expenses
Ferndale Downtown Developmentassociation reported $118K in revenue and $248K in expenses, a deficit of $130K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Ferndale Downtown Developmentassociation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $198K (80%) |
Across stored filings, Ferndale Downtown Developmentassociation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Limited filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 2 stored filing years |
| Peer context | Compare with Okanogan Regional Humane | Washington and Community Improvement context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Ferndale, WA nonprofitsCommunity Improvement in Washington
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Next Best Actions
Keep the Investigation Moving
Ferndale Downtown Developmentassociation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ferndale Downtown Developmentassociation
Ferndale Downtown Developmentassociation (EIN: 208688675) is a nonprofit organization based in Ferndale, WA, classified under NTEE code S80. The organization reported total revenue of $141K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ferndale Downtown Developmentassociation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ferndale Downtown Developmentassociation is a small nonprofit that has been operating for 8 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -86.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $248K |
| Surplus / Deficit | $-129,650 |
| Total Assets | $345K |
| Total Liabilities | $480 |
| Net Assets | $345K |
| Operating Margin | -109.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 16.7 months |
Financial Health Grade: B
In 2023, Ferndale Downtown Developmentassociation reported a deficit of $130K with expenses exceeding revenue, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Ferndale Downtown Developmentassociation's revenue has declined at a compound annual growth rate (CAGR) of -86.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -86.8% | -41.1% | -27.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
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 Ferndale Downtown Developmentassociation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ferndale Downtown Developmentassociation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, suggesting either a volunteer-led organization or that compensation is not reported under 'officer compensation,' which is a positive indicator for resource allocation directly to mission.
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 Ferndale Downtown Developmentassociation's IRS 990 filings:
- Significant year-over-year revenue volatility (from $894,209 to $117,926).
- Substantial operational deficit in 2023 ($117,926 revenue vs. $247,576 expenses).
- Decrease in total assets from $474,363 in 2022 to $345,047 in 2023.
Strengths
The following positive indicators were identified for Ferndale Downtown Developmentassociation:
- Reported 0% officer compensation in both filings, indicating efficient use of funds or volunteer leadership.
- Relatively low liabilities compared to assets, despite recent increases.
Frequently Asked Questions about Ferndale Downtown Developmentassociation
Is Ferndale Downtown Developmentassociation a legitimate charity?
Ferndale Downtown Developmentassociation (EIN: 208688675) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 65/100. It has 2 years of IRS 990 filings on record. Total revenue: $141K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Ferndale Downtown Developmentassociation spend its money?
Ferndale Downtown Developmentassociation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ferndale Downtown Developmentassociation tax-deductible?
Ferndale Downtown Developmentassociation is registered as a tax-exempt nonprofit (EIN: 208688675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ferndale Downtown Developmentassociation's spending goes to programs?
Ferndale Downtown Developmentassociation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ferndale Downtown Developmentassociation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ferndale Downtown Developmentassociation is above average for NTEE category S80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ferndale Downtown Developmentassociation located?
Ferndale Downtown Developmentassociation is headquartered in Ferndale, Washington and files with the IRS under EIN 208688675. It is classified under NTEE code S80.
How many years of IRS 990 filings does Ferndale Downtown Developmentassociation have?
Ferndale Downtown Developmentassociation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $141K in total revenue.
What caused the drastic revenue drop from $894,209 in 2022 to $117,926 in 2023?
The filings do not provide specific details for this significant revenue fluctuation, but it warrants further investigation into funding sources and operational changes.
How does the organization plan to address the 2023 deficit where expenses ($247,576) significantly exceeded revenue ($117,926)?
The filings do not outline specific plans, but this deficit indicates a need for strategic financial planning to ensure long-term viability.
Is the organization primarily volunteer-run, given the 0% officer compensation?
The 0% officer compensation suggests a volunteer-led structure or that compensation is categorized differently, which is generally positive for direct program spending.
Filing History
IRS 990 filing history for Ferndale Downtown Developmentassociation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Ferndale Downtown Developmentassociation's revenue has declined by 86.8%, moving from $894K to $118K. Total assets decreased by 27.3% over the same period, from $474K to $345K. Total functional expenses fell by 41.1%, from $420K to $248K. In its most recent filing year (2023), Ferndale Downtown Developmentassociation reported a deficit of $130K, with expenses exceeding revenue. The organization holds $480 in liabilities against $345K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $345K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $248K | $345K | $480 | — | — |
| 2022 | $894K | $420K | $474K | $362 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ferndale Downtown Developmentassociation:
Data Sources and Methodology
This transparency report for Ferndale Downtown Developmentassociation 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.