Historic Third Ward Association Inc
EIN: 391460281 · Milwaukee, WI · NTEE: S31Z
| Metric | Value |
|---|---|
| Total Revenue | $820K |
| Total Expenses | $737K |
| Net Assets | $267K |
Is Historic Third Ward Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Historic Third Ward Association Inc
Historic Third Ward Association Inc (EIN: 391460281) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code S31Z. The organization reported total revenue of $820K and total assets of $588K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Third Ward Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Third Ward Association Inc is a small nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $721K |
| Total Expenses | $737K |
| Surplus / Deficit | $-15,623 |
| Total Assets | $543K |
| Total Liabilities | $276K |
| Net Assets | $267K |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 50.8% |
| Months of Reserves | 8.8 months |
Financial Health Grade: C
In 2023, Historic Third Ward Association Inc reported a deficit of $16K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 50.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +12.6% | -10.9% |
| 2022 | +7.8% | -1.4% | +84.5% |
| 2021 | +18.5% | +35.5% | +0.8% |
| 2020 | -9.9% | -14.3% | +11.1% |
| 2019 | +25.7% | +16.6% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Historic Third Ward Association Inc 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 Historic Third Ward Association Inc 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 $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.8%.
Frequently Asked Questions about Historic Third Ward Association Inc
Is Historic Third Ward Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Third Ward Association Inc (EIN: 391460281) insufficient data. 0 red flags identified, 0 strengths noted.
How does Historic Third Ward Association Inc spend its money?
Detailed spending breakdown data is not yet available for Historic Third Ward Association Inc. Check back for updated IRS 990 analysis.
Are donations to Historic Third Ward Association Inc tax-deductible?
Historic Third Ward Association Inc is registered as a tax-exempt nonprofit (EIN: 391460281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Historic Third Ward Association Inc located?
Historic Third Ward Association Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 391460281. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Historic Third Ward Association Inc have?
Historic Third Ward Association Inc has 14 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 $820K in total revenue.
Filing History
IRS 990 filing history for Historic Third Ward Association Inc showing financial trends over 14 years of public records:
In its most recent filing year (2023), Historic Third Ward Association Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $276K in liabilities against $543K in assets (debt-to-asset ratio: 50.8%), resulting in net assets of $267K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $721K | $737K | $543K | $276K | — | View 990 |
| 2022 | $689K | $654K | $609K | $326K | — | — |
| 2021 | $639K | $663K | $330K | $68K | — | View 990 |
| 2020 | $540K | $490K | $328K | $48K | — | — |
| 2019 | $599K | $571K | $295K | $66K | — | View 990 |
| 2018 | $477K | $490K | $254K | $52K | — | View 990 |
| 2017 | $364K | $408K | $316K | $101K | — | View 990 |
| 2016 | $303K | $285K | $328K | $69K | — | View 990 |
| 2015 | $2.2M | $2.0M | $2.0M | $1.2M | — | View 990 |
| 2014 | $2.0M | $1.8M | $1.7M | $1.1M | — | View 990 |
| 2013 | $1.9M | $2.1M | $1.5M | $1.0M | — | View 990 |
| 2012 | $1.8M | $1.8M | $1.5M | $806K | — | View 990 |
| 2011 | $1.7M | $1.5M | $1.3M | $595K | — | View 990 |
| 2010 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $721K, expenses of $737K, and assets of $543K (revenue +4.6% year-over-year).
- 2022: Revenue of $689K, expenses of $654K, and assets of $609K (revenue +7.8% year-over-year).
- 2021: Revenue of $639K, expenses of $663K, and assets of $330K (revenue +18.5% year-over-year).
- 2020: Revenue of $540K, expenses of $490K, and assets of $328K (revenue -9.9% year-over-year).
- 2019: Revenue of $599K, expenses of $571K, and assets of $295K (revenue +25.7% year-over-year).
- 2018: Revenue of $477K, expenses of $490K, and assets of $254K (revenue +31.1% year-over-year).
- 2017: Revenue of $364K, expenses of $408K, and assets of $316K (revenue +20.2% year-over-year).
- 2016: Revenue of $303K, expenses of $285K, and assets of $328K (revenue -86.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $2.0M (revenue +11.8% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.8M, and assets of $1.7M (revenue +0.9% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.1M, and assets of $1.5M (revenue +8.6% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $1.5M (revenue +7.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $1.3M.
- 2010: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Third Ward Association Inc:
Data Sources and Methodology
This transparency report for Historic Third Ward Association 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.