Old Town Association
Old Town Association experiences fluctuating revenues and expenses, with recent deficits but no officer compensation reported.
EIN: 204403270 · Rock Hill, SC · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $412K |
| Total Expenses | $447K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $140,391 |
| Net Assets | $77K |
| Transparency Score | 75/100 |
Is Old Town Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Town Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Town Association
Old Town Association (EIN: 204403270) is a nonprofit organization based in Rock Hill, SC, classified under NTEE code S20. The organization reported total revenue of $412K and total assets of $132K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Town Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Town Association is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $447K |
| Surplus / Deficit | $-53,040 |
| Total Assets | $77K |
| Net Assets | $77K |
| Operating Margin | -13.5% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2023, Old Town Association reported a deficit of $53K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Old Town Association's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | +0.8% | -40.9% |
| 2022 | -32.1% | +27.6% | -45.3% |
| 2021 | +252.7% | +79.5% | +128.9% |
| 2020 | -80.7% | -69.4% | -50.8% |
| 2019 | -4.0% | -28.6% | +46.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Old Town Association with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Old Town Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $53K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues ranging from $140,391 to $759,574.
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 Old Town Association's IRS 990 filings:
- Inconsistent financial performance with recurring deficits (e.g., 2023, 2022, 2020 where expenses exceeded revenue).
- Significant fluctuations in revenue and expenses year-over-year, making long-term financial planning appear challenging.
Strengths
The following positive indicators were identified for Old Town Association:
- Consistent reporting of 0% officer compensation across all filings, demonstrating strong financial governance and transparency.
- Long filing history (13 filings) indicates sustained operation and commitment to reporting.
- No liabilities reported in the most recent filing (2023), suggesting good short-term financial management.
Frequently Asked Questions about Old Town Association
Is Old Town Association a legitimate charity?
Old Town Association (EIN: 204403270) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $412K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Old Town Association spend its money?
Old Town Association directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Old Town Association tax-deductible?
Old Town Association is registered as a tax-exempt nonprofit (EIN: 204403270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Old Town Association CEO make?
Old Town Association's highest-compensated officer earns $140,391 annually. The organization reported $412K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Old Town Association's spending goes to programs?
Old Town Association directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Old Town Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Old Town Association is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Old Town Association located?
Old Town Association is headquartered in Rock Hill, South Carolina and files with the IRS under EIN 204403270. It is classified under NTEE code S20.
How many years of IRS 990 filings does Old Town Association have?
Old Town Association 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 $412K in total revenue.
Is Old Town Association financially stable?
Old Town Association's financial stability fluctuates. While it has periods of significant surpluses (e.g., 2021 revenue $495,192 vs. expenses $347,483), it also experiences deficits (e.g., 2023 revenue $394,022 vs. expenses $447,062), suggesting inconsistent financial performance.
How does Old Town Association manage executive compensation?
Old Town Association reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers, which is a strong positive for transparency and resource allocation.
What is the trend in Old Town Association's assets?
The organization's assets have varied significantly over time, from a low of $61,252 in 2014 to a high of $249,785 in 2016, currently standing at $132,040. This indicates a fluctuating asset base rather than consistent growth.
Filing History
IRS 990 filing history for Old Town Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Town Association's revenue has grown by 31.6%, moving from $299K to $394K. Total assets increased by 5.2% over the same period, from $73K to $77K. Total functional expenses rose by 54%, from $290K to $447K. In its most recent filing year (2023), Old Town Association reported a deficit of $53K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $447K | $77K | $0 | — | — |
| 2022 | $336K | $443K | $130K | $11 | — | View 990 |
| 2021 | $495K | $347K | $237K | $3K | — | View 990 |
| 2020 | $140K | $194K | $103K | $18K | — | View 990 |
| 2019 | $729K | $633K | $210K | $71K | — | View 990 |
| 2018 | $760K | $886K | $144K | $105K | — | View 990 |
| 2017 | $644K | $639K | $235K | $58K | — | View 990 |
| 2016 | $591K | $503K | $250K | $81K | — | View 990 |
| 2015 | $497K | $477K | $88K | $7K | — | View 990 |
| 2014 | $165K | $192K | $61K | $0 | — | View 990 |
| 2013 | $400K | $335K | $126K | $0 | — | View 990 |
| 2012 | $377K | $389K | $60K | $0 | — | View 990 |
| 2011 | $299K | $290K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $447K, and assets of $77K (revenue +17.2% year-over-year).
- 2022: Revenue of $336K, expenses of $443K, and assets of $130K (revenue -32.1% year-over-year).
- 2021: Revenue of $495K, expenses of $347K, and assets of $237K (revenue +252.7% year-over-year).
- 2020: Revenue of $140K, expenses of $194K, and assets of $103K (revenue -80.7% year-over-year).
- 2019: Revenue of $729K, expenses of $633K, and assets of $210K (revenue -4.0% year-over-year).
- 2018: Revenue of $760K, expenses of $886K, and assets of $144K (revenue +17.9% year-over-year).
- 2017: Revenue of $644K, expenses of $639K, and assets of $235K (revenue +9.1% year-over-year).
- 2016: Revenue of $591K, expenses of $503K, and assets of $250K (revenue +18.8% year-over-year).
- 2015: Revenue of $497K, expenses of $477K, and assets of $88K (revenue +202.2% year-over-year).
- 2014: Revenue of $165K, expenses of $192K, and assets of $61K (revenue -58.9% year-over-year).
- 2013: Revenue of $400K, expenses of $335K, and assets of $126K (revenue +6.1% year-over-year).
- 2012: Revenue of $377K, expenses of $389K, and assets of $60K (revenue +26.0% year-over-year).
- 2011: Revenue of $299K, expenses of $290K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Town Association:
Data Sources and Methodology
This transparency report for Old Town 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.