London Downtown Inc
London Downtown Inc. faces recurring operational deficits despite consistent transparency and zero officer compensation.
EIN: 201932141 · London, KY · NTEE: S21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $68K |
| Total Expenses | $104K |
| Program Spending | 80% |
| Net Assets | $51K |
| Transparency Score | 70/100 |
Is London Downtown Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
London Downtown Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About London Downtown Inc
London Downtown Inc (EIN: 201932141) is a nonprofit organization based in London, KY, classified under NTEE code S21. The organization reported total revenue of $68K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of London Downtown Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
London Downtown Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82K |
| Total Expenses | $104K |
| Surplus / Deficit | $-22,659 |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | -27.8% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, London Downtown Inc reported a deficit of $23K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), London Downtown Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.4% | -12.5% | -30.6% |
| 2022 | +10.5% | +65.8% | -10.0% |
| 2021 | +40.7% | +45.9% | +53.0% |
| 2020 | -46.0% | -63.5% | +105.9% |
| 2019 | -8.3% | -6.9% | -10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 London Downtown Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, London Downtown Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $23K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that no officers receive salaries from the organization, which is a strong positive for resource allocation relative to its size and revenue.
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 London Downtown Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 2023, 2022, 2019, 2018, 2016, 2015) where expenses exceed revenue.
- Declining assets in recent years, from $82,213 in 2021 to $51,341 in 2023, indicating a potential draw on reserves.
Strengths
The following positive indicators were identified for London Downtown Inc:
- Consistent transparency with regular IRS 990 filings.
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- No reported liabilities in any filing period, suggesting responsible debt management.
- Demonstrated ability to generate significant revenue, peaking at $185,460 in 2014.
Frequently Asked Questions about London Downtown Inc
Is London Downtown Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, London Downtown Inc (EIN: 201932141) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does London Downtown Inc spend its money?
London Downtown Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to London Downtown Inc tax-deductible?
London Downtown Inc is registered as a tax-exempt nonprofit (EIN: 201932141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of London Downtown Inc's spending goes to programs?
London Downtown Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does London Downtown Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), London Downtown Inc is above average for NTEE category S21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is London Downtown Inc located?
London Downtown Inc is headquartered in London, Kentucky and files with the IRS under EIN 201932141. It is classified under NTEE code S21.
How many years of IRS 990 filings does London Downtown Inc have?
London Downtown Inc has 13 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 $68K in total revenue.
How does London Downtown Inc. plan to address its recurring operational deficits?
The organization has experienced several years where expenses exceeded revenue (e.g., $104,180 expenses vs. $81,521 revenue in 2023), suggesting a need for a strategy to stabilize its financial position.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without this detailed breakdown, it's challenging to fully assess the efficiency of spending beyond the overall revenue and expense figures. This information would provide greater insight into how funds are allocated to its mission.
What are the primary sources of revenue for London Downtown Inc. and are they diversified?
Understanding the revenue streams would help evaluate the sustainability and resilience of the organization's funding model, especially given the fluctuations in total revenue over the years.
Filing History
IRS 990 filing history for London Downtown Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), London Downtown Inc's revenue has declined by 36.3%, moving from $128K to $82K. Total assets increased by 30.8% over the same period, from $39K to $51K. Total functional expenses fell by 21.5%, from $133K to $104K. In its most recent filing year (2023), London Downtown Inc reported a deficit of $23K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82K | $104K | $51K | $0 | — | — |
| 2022 | $111K | $119K | $74K | $0 | — | View 990 |
| 2021 | $100K | $72K | $82K | $0 | — | View 990 |
| 2020 | $71K | $49K | $54K | $0 | — | — |
| 2019 | $132K | $135K | $26K | $0 | — | View 990 |
| 2018 | $144K | $145K | $29K | $0 | — | View 990 |
| 2017 | $133K | $116K | $30K | $0 | — | View 990 |
| 2016 | $132K | $148K | $13K | $0 | — | View 990 |
| 2015 | $130K | $149K | $29K | $0 | — | View 990 |
| 2014 | $185K | $184K | $48K | $0 | — | View 990 |
| 2013 | $172K | $166K | $47K | $0 | — | View 990 |
| 2012 | $156K | $155K | $41K | $0 | — | View 990 |
| 2011 | $128K | $133K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82K, expenses of $104K, and assets of $51K (revenue -26.4% year-over-year).
- 2022: Revenue of $111K, expenses of $119K, and assets of $74K (revenue +10.5% year-over-year).
- 2021: Revenue of $100K, expenses of $72K, and assets of $82K (revenue +40.7% year-over-year).
- 2020: Revenue of $71K, expenses of $49K, and assets of $54K (revenue -46.0% year-over-year).
- 2019: Revenue of $132K, expenses of $135K, and assets of $26K (revenue -8.3% year-over-year).
- 2018: Revenue of $144K, expenses of $145K, and assets of $29K (revenue +8.3% year-over-year).
- 2017: Revenue of $133K, expenses of $116K, and assets of $30K (revenue +0.4% year-over-year).
- 2016: Revenue of $132K, expenses of $148K, and assets of $13K (revenue +2.0% year-over-year).
- 2015: Revenue of $130K, expenses of $149K, and assets of $29K (revenue -30.0% year-over-year).
- 2014: Revenue of $185K, expenses of $184K, and assets of $48K (revenue +7.9% year-over-year).
- 2013: Revenue of $172K, expenses of $166K, and assets of $47K (revenue +9.9% year-over-year).
- 2012: Revenue of $156K, expenses of $155K, and assets of $41K (revenue +22.2% year-over-year).
- 2011: Revenue of $128K, expenses of $133K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for London Downtown Inc:
Data Sources and Methodology
This transparency report for London Downtown 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.