Grand Forks Downtown Development Association
EIN: 464711617 · Grand Forks, ND · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $412K |
| Total Expenses | $406K |
| Net Assets | $122K |
Is Grand Forks Downtown Development Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grand Forks Downtown Development Association
Grand Forks Downtown Development Association (EIN: 464711617) is a nonprofit organization based in Grand Forks, ND, classified under NTEE code S41. The organization reported total revenue of $412K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Forks Downtown Development Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Forks Downtown Development Association is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $407K |
| Total Expenses | $406K |
| Surplus / Deficit | +$736 |
| Total Assets | $122K |
| Total Liabilities | $457 |
| Net Assets | $122K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2023, Grand Forks Downtown Development Association reported a surplus of $736 with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Grand Forks Downtown Development Association's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +15.1% | +1.0% |
| 2022 | +17.2% | +33.4% | -1.8% |
| 2021 | +33.2% | +15.7% | +28.6% |
| 2020 | -14.0% | -25.1% | -20.5% |
| 2019 | +5.4% | +13.8% | -27.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grand Forks Downtown Development 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 Grand Forks Downtown Development 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 surplus of $736, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Grand Forks Downtown Development Association
Is Grand Forks Downtown Development Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Forks Downtown Development Association (EIN: 464711617) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grand Forks Downtown Development Association spend its money?
Detailed spending breakdown data is not yet available for Grand Forks Downtown Development Association. Check back for updated IRS 990 analysis.
Are donations to Grand Forks Downtown Development Association tax-deductible?
Grand Forks Downtown Development Association is registered as a tax-exempt nonprofit (EIN: 464711617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grand Forks Downtown Development Association located?
Grand Forks Downtown Development Association is headquartered in Grand Forks, North Dakota and files with the IRS under EIN 464711617. It is classified under NTEE code S41.
How many years of IRS 990 filings does Grand Forks Downtown Development Association have?
Grand Forks Downtown Development Association has 9 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 $412K in total revenue.
Filing History
IRS 990 filing history for Grand Forks Downtown Development Association showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Grand Forks Downtown Development Association's revenue has grown by 79.8%, moving from $226K to $407K. Total assets increased by 10.4% over the same period, from $111K to $122K. Total functional expenses rose by 112.9%, from $191K to $406K. In its most recent filing year (2023), Grand Forks Downtown Development Association reported a surplus of $736, with revenue exceeding expenses. The organization holds $457 in liabilities against $122K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $407K | $406K | $122K | $457 | — | View 990 |
| 2022 | $350K | $353K | $121K | $0 | — | View 990 |
| 2021 | $298K | $264K | $123K | $0 | — | View 990 |
| 2020 | $224K | $229K | $96K | $403 | — | — |
| 2019 | $260K | $305K | $120K | $1K | — | View 990 |
| 2018 | $247K | $268K | $165K | $1K | — | View 990 |
| 2017 | $268K | $256K | $186K | $874 | — | View 990 |
| 2016 | $318K | $257K | $172K | $48 | — | View 990 |
| 2015 | $226K | $191K | $111K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $407K, expenses of $406K, and assets of $122K (revenue +16.3% year-over-year).
- 2022: Revenue of $350K, expenses of $353K, and assets of $121K (revenue +17.2% year-over-year).
- 2021: Revenue of $298K, expenses of $264K, and assets of $123K (revenue +33.2% year-over-year).
- 2020: Revenue of $224K, expenses of $229K, and assets of $96K (revenue -14.0% year-over-year).
- 2019: Revenue of $260K, expenses of $305K, and assets of $120K (revenue +5.4% year-over-year).
- 2018: Revenue of $247K, expenses of $268K, and assets of $165K (revenue -7.9% year-over-year).
- 2017: Revenue of $268K, expenses of $256K, and assets of $186K (revenue -15.6% year-over-year).
- 2016: Revenue of $318K, expenses of $257K, and assets of $172K (revenue +40.7% year-over-year).
- 2015: Revenue of $226K, expenses of $191K, and assets of $111K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Forks Downtown Development Association:
Data Sources and Methodology
This transparency report for Grand Forks Downtown Development 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.