Johnstown Downtown Development Association
EIN: 850927297 · Johnstown, CO · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $165K |
| Total Expenses | $146K |
| Net Assets | $38K |
Is Johnstown 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 Johnstown Downtown Development Association
Johnstown Downtown Development Association (EIN: 850927297) is a nonprofit organization based in Johnstown, CO, classified under NTEE code S41. The organization reported total revenue of $165K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Johnstown Downtown Development Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Johnstown Downtown Development Association is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 47.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $146K |
| Surplus / Deficit | $-6,485 |
| Total Assets | $71K |
| Total Liabilities | $33K |
| Net Assets | $38K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 46.4% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2023, Johnstown Downtown Development Association reported a deficit of $6K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 46.4% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Johnstown Downtown Development Association's revenue has grown at a compound annual growth rate (CAGR) of 47.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +26.0% | -8.4% |
| 2022 | +128.0% | +110.1% | +61.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Johnstown 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 Johnstown 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 deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.4%.
Frequently Asked Questions about Johnstown Downtown Development Association
Is Johnstown Downtown Development Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Johnstown Downtown Development Association (EIN: 850927297) insufficient data. 0 red flags identified, 0 strengths noted.
How does Johnstown Downtown Development Association spend its money?
Detailed spending breakdown data is not yet available for Johnstown Downtown Development Association. Check back for updated IRS 990 analysis.
Are donations to Johnstown Downtown Development Association tax-deductible?
Johnstown Downtown Development Association is registered as a tax-exempt nonprofit (EIN: 850927297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Johnstown Downtown Development Association located?
Johnstown Downtown Development Association is headquartered in Johnstown, Colorado and files with the IRS under EIN 850927297. It is classified under NTEE code S41.
How many years of IRS 990 filings does Johnstown Downtown Development Association have?
Johnstown Downtown Development Association has 3 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 $165K in total revenue.
Filing History
IRS 990 filing history for Johnstown Downtown Development Association showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Johnstown Downtown Development Association's revenue has grown by 118.8%, moving from $64K to $139K. Total assets increased by 47.9% over the same period, from $48K to $71K. Total functional expenses rose by 164.7%, from $55K to $146K. In its most recent filing year (2023), Johnstown Downtown Development Association reported a deficit of $6K, with expenses exceeding revenue. The organization holds $33K in liabilities against $71K in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $146K | $71K | $33K | — | — |
| 2022 | $145K | $116K | $77K | $33K | — | — |
| 2021 | $64K | $55K | $48K | $33K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $146K, and assets of $71K (revenue -4.0% year-over-year).
- 2022: Revenue of $145K, expenses of $116K, and assets of $77K (revenue +128.0% year-over-year).
- 2021: Revenue of $64K, expenses of $55K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Johnstown Downtown Development Association:
Data Sources and Methodology
This transparency report for Johnstown 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.