The Historic Charles Street Association Inc

Nonprofit profile at a glance

EIN
202368316
IRS 990-EZ coverage
2013–2020
Forms available
Form 990 2012, Form 990-EZ 2020
Location
Baltimore, MD, USA
Phone
4106597767
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$15,886
Expenses
$20,699
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • CANDY WONGSAM (PRESIDENT)
  • EZRA TILAYE (VICE PRESIDENT)
  • KRISTIN SPEAKER (EXECUTIVE DIRECTOR)

People named in this filing

  • JASON VAUGHAN (SECRETARY)
  • BRAD BYRNES (DIRECTOR)
  • LOUIS CARDONA (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The historic charles street association's mission is to support and promote the business, cultural attractions, entertainment venues, restaurants and retail establishments along the charles street corridor. Hcsa serves as a problem solving and information resource for its members, as well as provides a forum for networking, communications and collaboration.

What it reported doing in 2020

Hcsa seeks to revitalize the charles street corridor and combat community deterioration; through advocating for the interests of the charles street community, monitoring activity along the corridor, responding to community concerns, regular communication with the community, and raising money to further these efforts and create a community identity.

Operating model

Revenue model
Membership-supported. 99% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up. A relatively small share of total spending goes to programs and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 82
  • Sustainability: 19
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.2%; rating input score 65
  • Program expense ratio: 50%; rating input score 50

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -30.3%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -4.4% per year; rating input score 0; 49th percentile among comparable filings
  • Revenue growth: -7.8% per year; rating input score 0; 39th percentile among comparable filings
  • Asset growth: -21.7% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 65.2% of revenue deployed · 50% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2013 to 2020
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 50/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.