Arts North Carolina Inc
EIN: 237370520 · Raleigh, NC
| Metric | Value |
|---|---|
| Total Revenue | $333K |
| Total Expenses | $302K |
| Net Assets | $187K |
Is Arts North Carolina Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arts North Carolina Inc
Arts North Carolina Inc (EIN: 237370520) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $333K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts North Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts North Carolina Inc is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $310K |
| Total Expenses | $302K |
| Surplus / Deficit | +$8K |
| Total Assets | $204K |
| Total Liabilities | $17K |
| Net Assets | $187K |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2024, Arts North Carolina Inc reported a surplus of $8K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Arts North Carolina Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.4% | -2.1% | +4.9% |
| 2023 | +5.5% | +29.3% | -1.2% |
| 2022 | -5.0% | +3.0% | +33.6% |
| 2021 | +18.1% | -1.6% | +94.5% |
| 2020 | +4.9% | -3.6% | +53.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts North Carolina 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 Arts North Carolina 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Arts North Carolina Inc
Is Arts North Carolina Inc a legitimate charity?
Arts North Carolina Inc (EIN: 237370520) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $333K. No red flags identified. Financial health grade: A.
How does Arts North Carolina Inc spend its money?
Arts North Carolina Inc reported $333K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arts North Carolina Inc tax-deductible?
Arts North Carolina Inc is registered as a tax-exempt nonprofit (EIN: 237370520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arts North Carolina Inc located?
Arts North Carolina Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 237370520.
How many years of IRS 990 filings does Arts North Carolina Inc have?
Arts North Carolina 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 $333K in total revenue.
Filing History
IRS 990 filing history for Arts North Carolina Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Arts North Carolina Inc's revenue has grown by 100.5%, moving from $155K to $310K. Total assets increased by 1851.8% over the same period, from $10K to $204K. Total functional expenses rose by 91.3%, from $158K to $302K. In its most recent filing year (2024), Arts North Carolina Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $17K in liabilities against $204K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $187K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $310K | $302K | $204K | $17K | — | — |
| 2023 | $306K | $308K | $195K | $15K | — | View 990 |
| 2022 | $290K | $239K | $197K | $15K | — | View 990 |
| 2021 | $305K | $232K | $147K | $16K | — | — |
| 2020 | $258K | $235K | $76K | $18K | — | View 990 |
| 2019 | $246K | $244K | $49K | $14K | — | View 990 |
| 2018 | $234K | $238K | $52K | $19K | — | View 990 |
| 2017 | $254K | $221K | $48K | $3K | — | View 990 |
| 2016 | $215K | $217K | $25K | $10K | — | View 990 |
| 2015 | $206K | $204K | $34K | $8K | — | View 990 |
| 2014 | $195K | $186K | $28K | $10K | — | View 990 |
| 2013 | $199K | $191K | $21K | $12K | — | View 990 |
| 2012 | $155K | $158K | $10K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $310K, expenses of $302K, and assets of $204K (revenue +1.4% year-over-year).
- 2023: Revenue of $306K, expenses of $308K, and assets of $195K (revenue +5.5% year-over-year).
- 2022: Revenue of $290K, expenses of $239K, and assets of $197K (revenue -5.0% year-over-year).
- 2021: Revenue of $305K, expenses of $232K, and assets of $147K (revenue +18.1% year-over-year).
- 2020: Revenue of $258K, expenses of $235K, and assets of $76K (revenue +4.9% year-over-year).
- 2019: Revenue of $246K, expenses of $244K, and assets of $49K (revenue +5.4% year-over-year).
- 2018: Revenue of $234K, expenses of $238K, and assets of $52K (revenue -8.0% year-over-year).
- 2017: Revenue of $254K, expenses of $221K, and assets of $48K (revenue +18.3% year-over-year).
- 2016: Revenue of $215K, expenses of $217K, and assets of $25K (revenue +4.4% year-over-year).
- 2015: Revenue of $206K, expenses of $204K, and assets of $34K (revenue +5.5% year-over-year).
- 2014: Revenue of $195K, expenses of $186K, and assets of $28K (revenue -2.3% year-over-year).
- 2013: Revenue of $199K, expenses of $191K, and assets of $21K (revenue +28.9% year-over-year).
- 2012: Revenue of $155K, expenses of $158K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts North Carolina Inc:
Data Sources and Methodology
This transparency report for Arts North Carolina 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.