Artsplosure Raleigh Arts Festival
EIN: 581387567 · Raleigh, NC · NTEE: A200
Is Artsplosure Raleigh Arts Festival Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Artsplosure Raleigh Arts Festival
Artsplosure Raleigh Arts Festival (EIN: 581387567) is a nonprofit organization based in Raleigh, NC, classified under NTEE code A200. The organization reported total revenue of $1.0M and total assets of $319K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Artsplosure Raleigh Arts Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Artsplosure Raleigh Arts Festival is a mid-size nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $760K |
| Total Expenses | $923K |
| Surplus / Deficit | $-162,611 |
| Total Assets | $168K |
| Total Liabilities | $28K |
| Net Assets | $140K |
| Operating Margin | -21.4% |
| Debt-to-Asset Ratio | 16.5% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2024, Artsplosure Raleigh Arts Festival reported a deficit of $163K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 16.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Artsplosure Raleigh Arts Festival's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.6% | +0.6% | -50.6% |
| 2023 | -4.3% | +3.2% | -7.6% |
| 2022 | +102.7% | +95.0% | -27.4% |
| 2021 | -38.3% | -13.4% | +32.4% |
| 2020 | -0.5% | -27.1% | +101.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Artsplosure Raleigh Arts Festival 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 Artsplosure Raleigh Arts Festival 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 deficit of $163K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.5%.
Frequently Asked Questions about Artsplosure Raleigh Arts Festival
Is Artsplosure Raleigh Arts Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Artsplosure Raleigh Arts Festival (EIN: 581387567) insufficient data. 0 red flags identified, 0 strengths noted.
How does Artsplosure Raleigh Arts Festival spend its money?
Detailed spending breakdown data is not yet available for Artsplosure Raleigh Arts Festival. Check back for updated IRS 990 analysis.
Are donations to Artsplosure Raleigh Arts Festival tax-deductible?
Artsplosure Raleigh Arts Festival is registered as a tax-exempt nonprofit (EIN: 581387567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Artsplosure Raleigh Arts Festival showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Artsplosure Raleigh Arts Festival's revenue has grown by 4.4%, moving from $728K to $760K. Total assets decreased by 46.3% over the same period, from $312K to $168K. Total functional expenses rose by 34.6%, from $685K to $923K. In its most recent filing year (2024), Artsplosure Raleigh Arts Festival reported a deficit of $163K, with expenses exceeding revenue. The organization holds $28K in liabilities against $168K in assets (debt-to-asset ratio: 16.5%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $760K | $923K | $168K | $28K | — | — |
| 2023 | $860K | $917K | $339K | $37K | — | View 990 |
| 2022 | $899K | $889K | $367K | $7K | — | View 990 |
| 2021 | $443K | $456K | $505K | $155K | — | — |
| 2020 | $719K | $527K | $382K | $18K | — | View 990 |
| 2019 | $722K | $722K | $190K | $18K | — | View 990 |
| 2018 | $657K | $686K | $198K | $27K | — | View 990 |
| 2017 | $726K | $737K | $218K | $19K | — | View 990 |
| 2016 | $682K | $696K | $261K | $52K | — | View 990 |
| 2015 | $709K | $716K | $234K | $11K | — | View 990 |
| 2014 | $663K | $688K | $243K | $12K | — | View 990 |
| 2013 | $749K | $745K | $264K | $9K | — | View 990 |
| 2012 | $711K | $693K | $282K | $31K | — | View 990 |
| 2011 | $728K | $685K | $312K | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $760K, expenses of $923K, and assets of $168K (revenue -11.6% year-over-year).
- 2023: Revenue of $860K, expenses of $917K, and assets of $339K (revenue -4.3% year-over-year).
- 2022: Revenue of $899K, expenses of $889K, and assets of $367K (revenue +102.7% year-over-year).
- 2021: Revenue of $443K, expenses of $456K, and assets of $505K (revenue -38.3% year-over-year).
- 2020: Revenue of $719K, expenses of $527K, and assets of $382K (revenue -0.5% year-over-year).
- 2019: Revenue of $722K, expenses of $722K, and assets of $190K (revenue +9.9% year-over-year).
- 2018: Revenue of $657K, expenses of $686K, and assets of $198K (revenue -9.5% year-over-year).
- 2017: Revenue of $726K, expenses of $737K, and assets of $218K (revenue +6.6% year-over-year).
- 2016: Revenue of $682K, expenses of $696K, and assets of $261K (revenue -3.8% year-over-year).
- 2015: Revenue of $709K, expenses of $716K, and assets of $234K (revenue +6.9% year-over-year).
- 2014: Revenue of $663K, expenses of $688K, and assets of $243K (revenue -11.5% year-over-year).
- 2013: Revenue of $749K, expenses of $745K, and assets of $264K (revenue +5.4% year-over-year).
- 2012: Revenue of $711K, expenses of $693K, and assets of $282K (revenue -2.4% year-over-year).
- 2011: Revenue of $728K, expenses of $685K, and assets of $312K.
Data Sources and Methodology
This transparency report for Artsplosure Raleigh Arts Festival 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.