Pennsylvania Downtown Center Inc
EIN: 232531296 · Harrisburg, PA · NTEE: S25I
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Net Assets | $293K |
Is Pennsylvania Downtown Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pennsylvania Downtown Center Inc
Pennsylvania Downtown Center Inc (EIN: 232531296) is a nonprofit organization based in Harrisburg, PA, classified under NTEE code S25I. The organization reported total revenue of $1.5M and total assets of $779K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pennsylvania Downtown Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pennsylvania Downtown Center Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-93,157 |
| Total Assets | $616K |
| Total Liabilities | $323K |
| Net Assets | $293K |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 52.5% |
| Months of Reserves | 6.2 months |
Financial Health Grade: C
In 2023, Pennsylvania Downtown Center Inc reported a deficit of $93K with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 52.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pennsylvania Downtown Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | +7.0% | -13.6% |
| 2022 | +43.7% | +48.2% | -11.1% |
| 2021 | +12.9% | +14.7% | +3.0% |
| 2020 | -4.9% | -9.2% | -0.5% |
| 2019 | -1.9% | +0.7% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pennsylvania Downtown Center 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 Pennsylvania Downtown Center 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 $93K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.5%.
Frequently Asked Questions about Pennsylvania Downtown Center Inc
Is Pennsylvania Downtown Center Inc a legitimate charity?
Pennsylvania Downtown Center Inc (EIN: 232531296) is a registered tax-exempt nonprofit based in Pennsylvania. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: C.
How does Pennsylvania Downtown Center Inc spend its money?
Pennsylvania Downtown Center Inc reported $1.5M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pennsylvania Downtown Center Inc tax-deductible?
Pennsylvania Downtown Center Inc is registered as a tax-exempt nonprofit (EIN: 232531296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pennsylvania Downtown Center Inc located?
Pennsylvania Downtown Center Inc is headquartered in Harrisburg, Pennsylvania and files with the IRS under EIN 232531296. It is classified under NTEE code S25I.
How many years of IRS 990 filings does Pennsylvania Downtown Center Inc have?
Pennsylvania Downtown Center 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Pennsylvania Downtown Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pennsylvania Downtown Center Inc's revenue has grown by 57.6%, moving from $691K to $1.1M. Total assets decreased by 55.1% over the same period, from $1.4M to $616K. Total functional expenses rose by 73.2%, from $683K to $1.2M. In its most recent filing year (2023), Pennsylvania Downtown Center Inc reported a deficit of $93K, with expenses exceeding revenue. The organization holds $323K in liabilities against $616K in assets (debt-to-asset ratio: 52.5%), resulting in net assets of $293K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $616K | $323K | — | — |
| 2022 | $1.1M | $1.1M | $713K | $327K | — | View 990 |
| 2021 | $745K | $746K | $802K | $344K | — | View 990 |
| 2020 | $660K | $651K | $779K | $319K | — | View 990 |
| 2019 | $694K | $717K | $782K | $332K | — | View 990 |
| 2018 | $707K | $711K | $800K | $327K | — | View 990 |
| 2017 | $1.0M | $1.1M | $816K | $338K | — | View 990 |
| 2016 | $898K | $780K | $988K | $477K | — | View 990 |
| 2015 | $897K | $808K | $1.1M | $657K | — | View 990 |
| 2014 | $737K | $762K | $1.0M | $732K | — | View 990 |
| 2013 | $739K | $679K | $1.2M | $875K | — | View 990 |
| 2012 | $631K | $598K | $1.3M | $994K | — | View 990 |
| 2011 | $691K | $683K | $1.4M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $616K (revenue +1.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $713K (revenue +43.7% year-over-year).
- 2021: Revenue of $745K, expenses of $746K, and assets of $802K (revenue +12.9% year-over-year).
- 2020: Revenue of $660K, expenses of $651K, and assets of $779K (revenue -4.9% year-over-year).
- 2019: Revenue of $694K, expenses of $717K, and assets of $782K (revenue -1.9% year-over-year).
- 2018: Revenue of $707K, expenses of $711K, and assets of $800K (revenue -32.1% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $816K (revenue +16.1% year-over-year).
- 2016: Revenue of $898K, expenses of $780K, and assets of $988K (revenue +0.0% year-over-year).
- 2015: Revenue of $897K, expenses of $808K, and assets of $1.1M (revenue +21.8% year-over-year).
- 2014: Revenue of $737K, expenses of $762K, and assets of $1.0M (revenue -0.3% year-over-year).
- 2013: Revenue of $739K, expenses of $679K, and assets of $1.2M (revenue +17.0% year-over-year).
- 2012: Revenue of $631K, expenses of $598K, and assets of $1.3M (revenue -8.7% year-over-year).
- 2011: Revenue of $691K, expenses of $683K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pennsylvania Downtown Center Inc:
Data Sources and Methodology
This transparency report for Pennsylvania Downtown Center 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.