Cathedral Arts Project Inc
EIN: 470703147 · Omaha, NE · NTEE: X22I
Is Cathedral Arts Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cathedral Arts Project Inc
Cathedral Arts Project Inc (EIN: 470703147) is a nonprofit organization based in Omaha, NE, classified under NTEE code X22I. The organization reported total revenue of $150K and total assets of $272K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cathedral Arts Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cathedral Arts Project Inc is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $159K |
| Surplus / Deficit | $-59,164 |
| Total Assets | $272K |
| Total Liabilities | $399 |
| Net Assets | $271K |
| Operating Margin | -59.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 20.5 months |
Financial Health Grade: B
In 2024, Cathedral Arts Project Inc reported a deficit of $59K with expenses exceeding revenue, holds 20.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Cathedral Arts Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.5% | +4.8% | -18.0% |
| 2023 | -3.6% | -6.8% | -6.9% |
| 2022 | -29.9% | +43.3% | -5.7% |
| 2021 | +49.8% | -3.4% | +24.5% |
| 2020 | +21.7% | -2.3% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cathedral Arts Project 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 Cathedral Arts Project 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 deficit of $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Cathedral Arts Project Inc
Is Cathedral Arts Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cathedral Arts Project Inc (EIN: 470703147) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cathedral Arts Project Inc spend its money?
Detailed spending breakdown data is not yet available for Cathedral Arts Project Inc. Check back for updated IRS 990 analysis.
Are donations to Cathedral Arts Project Inc tax-deductible?
Cathedral Arts Project Inc is registered as a tax-exempt nonprofit (EIN: 470703147). 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 Cathedral Arts Project Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Cathedral Arts Project Inc's revenue has grown by 14.5%, moving from $87K to $100K. Total assets decreased by 31.2% over the same period, from $395K to $272K. Total functional expenses rose by 43%, from $111K to $159K. In its most recent filing year (2024), Cathedral Arts Project Inc reported a deficit of $59K, with expenses exceeding revenue. The organization holds $399 in liabilities against $272K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $100K | $159K | $272K | $399 | — | View 990 |
| 2023 | $127K | $152K | $331K | $726 | — | View 990 |
| 2022 | $132K | $163K | $356K | $726 | — | View 990 |
| 2021 | $188K | $113K | $377K | $8K | — | View 990 |
| 2020 | $125K | $117K | $303K | $8K | — | View 990 |
| 2019 | $103K | $120K | $287K | $0 | — | View 990 |
| 2018 | $103K | $125K | $304K | $0 | — | View 990 |
| 2017 | $96K | $115K | $326K | $0 | — | View 990 |
| 2016 | $93K | $103K | $344K | $0 | — | View 990 |
| 2015 | $107K | $122K | $354K | $0 | — | View 990 |
| 2014 | $107K | $123K | $369K | $0 | — | View 990 |
| 2013 | $92K | $100K | $385K | $0 | — | View 990 |
| 2012 | $98K | $100K | $393K | $0 | — | View 990 |
| 2011 | $87K | $111K | $395K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $100K, expenses of $159K, and assets of $272K (revenue -21.5% year-over-year).
- 2023: Revenue of $127K, expenses of $152K, and assets of $331K (revenue -3.6% year-over-year).
- 2022: Revenue of $132K, expenses of $163K, and assets of $356K (revenue -29.9% year-over-year).
- 2021: Revenue of $188K, expenses of $113K, and assets of $377K (revenue +49.8% year-over-year).
- 2020: Revenue of $125K, expenses of $117K, and assets of $303K (revenue +21.7% year-over-year).
- 2019: Revenue of $103K, expenses of $120K, and assets of $287K (revenue -0.2% year-over-year).
- 2018: Revenue of $103K, expenses of $125K, and assets of $304K (revenue +7.4% year-over-year).
- 2017: Revenue of $96K, expenses of $115K, and assets of $326K (revenue +2.9% year-over-year).
- 2016: Revenue of $93K, expenses of $103K, and assets of $344K (revenue -12.8% year-over-year).
- 2015: Revenue of $107K, expenses of $122K, and assets of $354K (revenue +0.5% year-over-year).
- 2014: Revenue of $107K, expenses of $123K, and assets of $369K (revenue +15.6% year-over-year).
- 2013: Revenue of $92K, expenses of $100K, and assets of $385K (revenue -5.8% year-over-year).
- 2012: Revenue of $98K, expenses of $100K, and assets of $393K (revenue +12.4% year-over-year).
- 2011: Revenue of $87K, expenses of $111K, and assets of $395K.
Data Sources and Methodology
This transparency report for Cathedral Arts Project 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.