Historic Fort Wayne Inc
Historic Fort Wayne Inc. shows strong asset growth and minimal expenses relative to revenue, with no reported officer compensation.
EIN: 202547561 · Fort Wayne, IN · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $577K |
| Total Expenses | $37K |
| Program Spending | 90% |
| Net Assets | $899K |
| Transparency Score | 85/100 |
Is Historic Fort Wayne Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Historic Fort Wayne Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Historic Fort Wayne Inc
Historic Fort Wayne Inc (EIN: 202547561) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code A80. The organization reported total revenue of $577K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Fort Wayne Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Fort Wayne Inc is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $356K |
| Total Expenses | $37K |
| Surplus / Deficit | +$319K |
| Total Assets | $899K |
| Net Assets | $899K |
| Operating Margin | 89.6% |
| Months of Reserves | 292.9 months |
Financial Health Grade: A
In 2023, Historic Fort Wayne Inc reported a surplus of $319K with revenue exceeding expenses, holds 292.9 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Historic Fort Wayne Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1019.7% | +17.8% | +62.7% |
| 2022 | +74.6% | +29.9% | -2.8% |
| 2021 | -48.0% | +112.4% | +1.6% |
| 2020 | -55.7% | -67.3% | +10.1% |
| 2019 | -13.6% | -3.9% | +10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Historic Fort Wayne 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: 90%
- fundraising: 0%
According to IRS 990 filings, Historic Fort Wayne Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $319K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating a volunteer-led organization or one where leadership compensation is covered by other means, which significantly reduces administrative overhead.
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 Historic Fort Wayne Inc's IRS 990 filings:
- Very low expense ratio relative to revenue, potentially indicating significant fund retention rather than immediate program spending, which may warrant further inquiry into program activities.
Strengths
The following positive indicators were identified for Historic Fort Wayne Inc:
- Consistent asset growth, indicating strong financial health and sustainability.
- Zero reported officer compensation, suggesting a highly efficient and potentially volunteer-driven leadership structure.
- No reported liabilities across all filing periods, demonstrating excellent financial stability.
- Extremely low expenses relative to revenue, indicating high operational efficiency.
Frequently Asked Questions about Historic Fort Wayne Inc
Is Historic Fort Wayne Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Fort Wayne Inc (EIN: 202547561) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Historic Fort Wayne Inc spend its money?
Historic Fort Wayne Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Historic Fort Wayne Inc tax-deductible?
Historic Fort Wayne Inc is registered as a tax-exempt nonprofit (EIN: 202547561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Historic Fort Wayne Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Historic Fort Wayne Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Historic Fort Wayne Inc located?
Historic Fort Wayne Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 202547561. It is classified under NTEE code A80.
How many years of IRS 990 filings does Historic Fort Wayne Inc have?
Historic Fort Wayne Inc has 11 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 $577K in total revenue.
Is Historic Fort Wayne Inc. a good charity?
Based on the financial data, Historic Fort Wayne Inc. appears to be a financially sound organization with strong asset growth and extremely low reported expenses relative to its revenue. The absence of officer compensation and liabilities are positive indicators. However, the low expense figures relative to revenue suggest that a large portion of funds are being retained rather than spent on programs in the short term, which could be a strategic choice for long-term projects or asset accumulation.
How does Historic Fort Wayne Inc. manage its expenses?
Historic Fort Wayne Inc. manages its expenses exceptionally well, consistently reporting very low expenses compared to its revenue. For example, in 2023, expenses were only $36,854 against $355,910 in revenue. This indicates a highly efficient operation, potentially relying heavily on volunteers or in-kind contributions, and a focus on retaining funds for asset growth or future initiatives.
What is the trend in Historic Fort Wayne Inc.'s assets?
Historic Fort Wayne Inc. has demonstrated a consistent and strong upward trend in its assets, growing from $235,592 in 2014 to $1,425,135 in the latest period. This indicates effective financial management and a strategy of accumulating resources.
Filing History
IRS 990 filing history for Historic Fort Wayne Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Historic Fort Wayne Inc's revenue has grown by 245.7%, moving from $103K to $356K. Total assets increased by 510% over the same period, from $147K to $899K. Total functional expenses rose by 52.4%, from $24K to $37K. In its most recent filing year (2023), Historic Fort Wayne Inc reported a surplus of $319K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $356K | $37K | $899K | $0 | — | — |
| 2022 | $32K | $31K | $553K | $0 | — | View 990 |
| 2021 | $18K | $24K | $569K | $0 | — | View 990 |
| 2020 | $35K | $11K | $560K | $0 | — | — |
| 2019 | $79K | $35K | $509K | $0 | — | View 990 |
| 2018 | $91K | $36K | $460K | $0 | — | View 990 |
| 2017 | $84K | $31K | $405K | $0 | — | View 990 |
| 2016 | $101K | $47K | $351K | $0 | — | View 990 |
| 2015 | $88K | $25K | $298K | $0 | — | View 990 |
| 2014 | $108K | $19K | $236K | $0 | — | View 990 |
| 2013 | $103K | $24K | $147K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $356K, expenses of $37K, and assets of $899K (revenue +1019.7% year-over-year).
- 2022: Revenue of $32K, expenses of $31K, and assets of $553K (revenue +74.6% year-over-year).
- 2021: Revenue of $18K, expenses of $24K, and assets of $569K (revenue -48.0% year-over-year).
- 2020: Revenue of $35K, expenses of $11K, and assets of $560K (revenue -55.7% year-over-year).
- 2019: Revenue of $79K, expenses of $35K, and assets of $509K (revenue -13.6% year-over-year).
- 2018: Revenue of $91K, expenses of $36K, and assets of $460K (revenue +8.6% year-over-year).
- 2017: Revenue of $84K, expenses of $31K, and assets of $405K (revenue -16.5% year-over-year).
- 2016: Revenue of $101K, expenses of $47K, and assets of $351K (revenue +15.2% year-over-year).
- 2015: Revenue of $88K, expenses of $25K, and assets of $298K (revenue -18.6% year-over-year).
- 2014: Revenue of $108K, expenses of $19K, and assets of $236K (revenue +4.4% year-over-year).
- 2013: Revenue of $103K, expenses of $24K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Fort Wayne Inc:
Data Sources and Methodology
This transparency report for Historic Fort Wayne 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.