Klamath Falls Downtown Association
EIN: 263926266 · Klamath Falls, OR · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $137K |
| Total Expenses | $276K |
| Net Assets | $144K |
Is Klamath Falls Downtown Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Klamath Falls Downtown Association
Klamath Falls Downtown Association (EIN: 263926266) is a nonprofit organization based in Klamath Falls, OR, classified under NTEE code S31. The organization reported total revenue of $137K and total assets of $161K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Klamath Falls Downtown Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Klamath Falls Downtown Association is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $276K |
| Surplus / Deficit | $-52,186 |
| Total Assets | $145K |
| Total Liabilities | $1K |
| Net Assets | $144K |
| Operating Margin | -23.3% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Klamath Falls Downtown Association reported a deficit of $52K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Klamath Falls Downtown Association's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.4% | -17.2% | -26.5% |
| 2022 | +233.3% | +188.2% | +103.9% |
| 2021 | -52.2% | -58.1% | +17.5% |
| 2020 | +57.8% | +118.0% | -4.2% |
| 2019 | +21.0% | -11.4% | +117.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Klamath Falls Downtown 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 Klamath Falls Downtown 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 $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Klamath Falls Downtown Association
Is Klamath Falls Downtown Association a legitimate charity?
Klamath Falls Downtown Association (EIN: 263926266) is a registered tax-exempt nonprofit based in Oregon. It has 7 years of IRS 990 filings on record. Total revenue: $137K. No red flags identified. Financial health grade: B.
How does Klamath Falls Downtown Association spend its money?
Klamath Falls Downtown Association reported $137K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Klamath Falls Downtown Association tax-deductible?
Klamath Falls Downtown Association is registered as a tax-exempt nonprofit (EIN: 263926266). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Klamath Falls Downtown Association located?
Klamath Falls Downtown Association is headquartered in Klamath Falls, Oregon and files with the IRS under EIN 263926266. It is classified under NTEE code S31.
How many years of IRS 990 filings does Klamath Falls Downtown Association have?
Klamath Falls Downtown Association has 7 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 $137K in total revenue.
Filing History
IRS 990 filing history for Klamath Falls Downtown Association showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Klamath Falls Downtown Association's revenue has grown by 123%, moving from $101K to $224K. Total assets increased by 259.5% over the same period, from $40K to $145K. Total functional expenses rose by 266.6%, from $75K to $276K. In its most recent filing year (2023), Klamath Falls Downtown Association reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1K in liabilities against $145K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $144K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $224K | $276K | $145K | $1K | — | — |
| 2022 | $434K | $334K | $198K | $2K | — | View 990 |
| 2021 | $130K | $116K | $97K | $1K | — | — |
| 2020 | $273K | $276K | $83K | $1K | — | — |
| 2019 | $173K | $127K | $86K | $0 | — | View 990 |
| 2018 | $143K | $143K | $40K | $0 | — | View 990 |
| 2017 | $101K | $75K | $40K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $224K, expenses of $276K, and assets of $145K (revenue -48.4% year-over-year).
- 2022: Revenue of $434K, expenses of $334K, and assets of $198K (revenue +233.3% year-over-year).
- 2021: Revenue of $130K, expenses of $116K, and assets of $97K (revenue -52.2% year-over-year).
- 2020: Revenue of $273K, expenses of $276K, and assets of $83K (revenue +57.8% year-over-year).
- 2019: Revenue of $173K, expenses of $127K, and assets of $86K (revenue +21.0% year-over-year).
- 2018: Revenue of $143K, expenses of $143K, and assets of $40K (revenue +42.2% year-over-year).
- 2017: Revenue of $101K, expenses of $75K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Klamath Falls Downtown Association:
Data Sources and Methodology
This transparency report for Klamath Falls Downtown 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.