701 Center For Contemporary Art
EIN: 263028981 · Columbia, SC · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $186K |
| Net Assets | $67K |
Is 701 Center For Contemporary Art Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 701 Center For Contemporary Art
701 Center For Contemporary Art (EIN: 263028981) is a nonprofit organization based in Columbia, SC, classified under NTEE code A20. The organization reported total revenue of $238K and total assets of $138K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 701 Center For Contemporary Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
701 Center For Contemporary Art is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $186K |
| Surplus / Deficit | +$38K |
| Total Assets | $77K |
| Total Liabilities | $10K |
| Net Assets | $67K |
| Operating Margin | 16.8% |
| Debt-to-Asset Ratio | 13.0% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, 701 Center For Contemporary Art reported a surplus of $38K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 13.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), 701 Center For Contemporary Art's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.6% | -16.8% | +101.1% |
| 2022 | -18.0% | +21.4% | -68.4% |
| 2021 | -7.3% | -12.7% | -2.0% |
| 2020 | -28.7% | -11.8% | -16.6% |
| 2019 | +2.5% | +16.5% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 701 Center For Contemporary Art 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 701 Center For Contemporary Art 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 surplus of $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.0%.
Frequently Asked Questions about 701 Center For Contemporary Art
Is 701 Center For Contemporary Art a legitimate charity?
Based on AI analysis of IRS 990 filings, 701 Center For Contemporary Art (EIN: 263028981) insufficient data. 0 red flags identified, 0 strengths noted.
How does 701 Center For Contemporary Art spend its money?
Detailed spending breakdown data is not yet available for 701 Center For Contemporary Art. Check back for updated IRS 990 analysis.
Are donations to 701 Center For Contemporary Art tax-deductible?
701 Center For Contemporary Art is registered as a tax-exempt nonprofit (EIN: 263028981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 701 Center For Contemporary Art located?
701 Center For Contemporary Art is headquartered in Columbia, South Carolina and files with the IRS under EIN 263028981. It is classified under NTEE code A20.
How many years of IRS 990 filings does 701 Center For Contemporary Art have?
701 Center For Contemporary Art has 12 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 $238K in total revenue.
Filing History
IRS 990 filing history for 701 Center For Contemporary Art showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), 701 Center For Contemporary Art's revenue has grown by 33.1%, moving from $168K to $224K. Total assets increased by 19.6% over the same period, from $65K to $77K. Total functional expenses rose by 10.5%, from $169K to $186K. In its most recent filing year (2023), 701 Center For Contemporary Art reported a surplus of $38K, with revenue exceeding expenses. The organization holds $10K in liabilities against $77K in assets (debt-to-asset ratio: 13.0%), resulting in net assets of $67K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $224K | $186K | $77K | $10K | — | View 990 |
| 2022 | $141K | $224K | $38K | $9K | — | View 990 |
| 2021 | $172K | $184K | $122K | $10K | — | — |
| 2020 | $186K | $211K | $124K | $0 | — | View 990 |
| 2019 | $261K | $239K | $149K | $0 | — | View 990 |
| 2018 | $254K | $206K | $127K | $0 | — | View 990 |
| 2017 | $200K | $190K | $79K | $0 | — | View 990 |
| 2016 | $181K | $201K | $68K | $0 | — | View 990 |
| 2015 | $211K | $225K | $87K | $0 | — | View 990 |
| 2014 | $212K | $206K | $102K | $0 | — | View 990 |
| 2013 | $205K | $170K | $100K | $0 | — | View 990 |
| 2012 | $168K | $169K | $65K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $224K, expenses of $186K, and assets of $77K (revenue +58.6% year-over-year).
- 2022: Revenue of $141K, expenses of $224K, and assets of $38K (revenue -18.0% year-over-year).
- 2021: Revenue of $172K, expenses of $184K, and assets of $122K (revenue -7.3% year-over-year).
- 2020: Revenue of $186K, expenses of $211K, and assets of $124K (revenue -28.7% year-over-year).
- 2019: Revenue of $261K, expenses of $239K, and assets of $149K (revenue +2.5% year-over-year).
- 2018: Revenue of $254K, expenses of $206K, and assets of $127K (revenue +26.9% year-over-year).
- 2017: Revenue of $200K, expenses of $190K, and assets of $79K (revenue +10.6% year-over-year).
- 2016: Revenue of $181K, expenses of $201K, and assets of $68K (revenue -14.0% year-over-year).
- 2015: Revenue of $211K, expenses of $225K, and assets of $87K (revenue -0.9% year-over-year).
- 2014: Revenue of $212K, expenses of $206K, and assets of $102K (revenue +3.8% year-over-year).
- 2013: Revenue of $205K, expenses of $170K, and assets of $100K (revenue +21.6% year-over-year).
- 2012: Revenue of $168K, expenses of $169K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 701 Center For Contemporary Art:
Data Sources and Methodology
This transparency report for 701 Center For Contemporary Art 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.