Asheville Area Arts Council
EIN: 581371546 · Asheville, NC · NTEE: A26Z
| Metric | Value |
|---|---|
| Total Revenue | $701K |
| Total Expenses | $569K |
| Net Assets | $270K |
Is Asheville Area Arts Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Asheville Area Arts Council
Asheville Area Arts Council (EIN: 581371546) is a nonprofit organization based in Asheville, NC, classified under NTEE code A26Z. The organization reported total revenue of $701K and total assets of $391K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asheville Area Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asheville Area Arts Council is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $641K |
| Total Expenses | $569K |
| Surplus / Deficit | +$72K |
| Total Assets | $279K |
| Total Liabilities | $9K |
| Net Assets | $270K |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2023, Asheville Area Arts Council reported a surplus of $72K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Asheville Area Arts Council's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.2% | +94.1% | +41.6% |
| 2022 | -54.2% | -40.2% | -26.4% |
| 2021 | +223.7% | +65.2% | +47.3% |
| 2020 | -38.2% | -18.7% | -36.8% |
| 2019 | -21.8% | -6.3% | -22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asheville Area Arts Council 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 Asheville Area Arts Council 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 $72K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Frequently Asked Questions about Asheville Area Arts Council
Is Asheville Area Arts Council a legitimate charity?
Asheville Area Arts Council (EIN: 581371546) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $701K. No red flags identified. Financial health grade: A.
How does Asheville Area Arts Council spend its money?
Asheville Area Arts Council reported $701K 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 Asheville Area Arts Council tax-deductible?
Asheville Area Arts Council is registered as a tax-exempt nonprofit (EIN: 581371546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asheville Area Arts Council located?
Asheville Area Arts Council is headquartered in Asheville, North Carolina and files with the IRS under EIN 581371546. It is classified under NTEE code A26Z.
How many years of IRS 990 filings does Asheville Area Arts Council have?
Asheville Area Arts Council 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 $701K in total revenue.
Filing History
IRS 990 filing history for Asheville Area Arts Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Asheville Area Arts Council's revenue has grown by 450.1%, moving from $117K to $641K. Total assets decreased by 6.5% over the same period, from $298K to $279K. Total functional expenses rose by 226.8%, from $174K to $569K. In its most recent filing year (2023), Asheville Area Arts Council reported a surplus of $72K, with revenue exceeding expenses. The organization holds $9K in liabilities against $279K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $270K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $641K | $569K | $279K | $9K | — | View 990 |
| 2022 | $256K | $293K | $197K | $5K | — | View 990 |
| 2021 | $560K | $491K | $268K | $18K | — | View 990 |
| 2020 | $173K | $297K | $182K | $32K | — | View 990 |
| 2019 | $280K | $365K | $288K | $10K | — | View 990 |
| 2018 | $358K | $390K | $371K | $10K | — | View 990 |
| 2017 | $253K | $303K | $394K | $14K | — | View 990 |
| 2016 | $230K | $337K | $445K | $21K | — | View 990 |
| 2015 | $262K | $323K | $551K | $19K | — | View 990 |
| 2014 | $616K | $176K | $600K | $7K | — | View 990 |
| 2013 | $137K | $174K | $187K | $30K | — | View 990 |
| 2012 | $66K | $153K | $225K | $28K | — | View 990 |
| 2011 | $117K | $174K | $298K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $641K, expenses of $569K, and assets of $279K (revenue +150.2% year-over-year).
- 2022: Revenue of $256K, expenses of $293K, and assets of $197K (revenue -54.2% year-over-year).
- 2021: Revenue of $560K, expenses of $491K, and assets of $268K (revenue +223.7% year-over-year).
- 2020: Revenue of $173K, expenses of $297K, and assets of $182K (revenue -38.2% year-over-year).
- 2019: Revenue of $280K, expenses of $365K, and assets of $288K (revenue -21.8% year-over-year).
- 2018: Revenue of $358K, expenses of $390K, and assets of $371K (revenue +41.2% year-over-year).
- 2017: Revenue of $253K, expenses of $303K, and assets of $394K (revenue +10.0% year-over-year).
- 2016: Revenue of $230K, expenses of $337K, and assets of $445K (revenue -12.0% year-over-year).
- 2015: Revenue of $262K, expenses of $323K, and assets of $551K (revenue -57.5% year-over-year).
- 2014: Revenue of $616K, expenses of $176K, and assets of $600K (revenue +349.0% year-over-year).
- 2013: Revenue of $137K, expenses of $174K, and assets of $187K (revenue +106.5% year-over-year).
- 2012: Revenue of $66K, expenses of $153K, and assets of $225K (revenue -43.1% year-over-year).
- 2011: Revenue of $117K, expenses of $174K, and assets of $298K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asheville Area Arts Council:
Data Sources and Methodology
This transparency report for Asheville Area Arts Council 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.