Cave Run Storytelling Festival Inc
Cave Run Storytelling Festival Inc shows strong financial recovery and growth with zero liabilities and volunteer leadership.
EIN: 203801699 · Morehead, KY · NTEE: A20 · Updated: 2026-03-28
Is Cave Run Storytelling Festival Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cave Run Storytelling Festival Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cave Run Storytelling Festival Inc
Cave Run Storytelling Festival Inc (EIN: 203801699) is a nonprofit organization based in Morehead, KY, classified under NTEE code A20. The organization reported total revenue of $57K and total assets of $88K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cave Run Storytelling Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cave Run Storytelling Festival Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cave Run Storytelling Festival Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 14 filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with revenues ranging from $1,840 to $80,020.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Cave Run Storytelling Festival Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Zero liabilities reported across all 14 filings, demonstrating strong financial management and no debt.
- Strong revenue recovery and growth in recent periods, with revenue reaching $80,020 in 202406.
- Positive net assets growth, increasing to $104,378 in the latest filing.
- Consistent IRS 990 filing history (14 filings), indicating good transparency.
Frequently Asked Questions about Cave Run Storytelling Festival Inc
Is Cave Run Storytelling Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cave Run Storytelling Festival Inc (EIN: 203801699) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Cave Run Storytelling Festival Inc spend its money?
Cave Run Storytelling Festival Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cave Run Storytelling Festival Inc tax-deductible?
Cave Run Storytelling Festival Inc is registered as a tax-exempt nonprofit (EIN: 203801699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cave Run Storytelling Festival Inc a good charity?
Based on the provided financial data, Cave Run Storytelling Festival Inc appears to be a well-managed and financially healthy charity. It consistently operates with zero liabilities, has shown strong revenue recovery and growth in recent years (e.g., $80,020 revenue in 202406), and reports 0% officer compensation, indicating a volunteer-led model.
How has the organization's financial health changed over time?
The organization experienced a significant dip in revenue and expenses in 2021 ($1,840 revenue) and 2022 ($8,084 revenue), likely due to external factors. However, it has demonstrated a strong recovery, with revenue increasing to $72,839 in 202306 and $80,020 in 202406, indicating resilience and renewed financial stability.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all 14 filing periods, indicating it operates without debt.
Filing History
IRS 990 filing history for Cave Run Storytelling Festival Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Cave Run Storytelling Festival Inc's revenue has grown by 104.4%, moving from $39K to $80K. Total assets increased by 289.8% over the same period, from $27K to $104K. Total functional expenses rose by 84.3%, from $36K to $66K. In its most recent filing year (2024), Cave Run Storytelling Festival Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $80K | $66K | $104K | $0 | — | — |
| 2023 | $73K | $72K | $90K | $0 | — | View 990 |
| 2022 | $8K | $884 | $89K | $0 | — | View 990 |
| 2021 | $2K | $2K | $66K | $0 | — | — |
| 2020 | $72K | $73K | $66K | $0 | — | View 990 |
| 2019 | $69K | $57K | $67K | $0 | — | View 990 |
| 2018 | $64K | $52K | $54K | $0 | — | View 990 |
| 2017 | $63K | $58K | $42K | $0 | — | View 990 |
| 2016 | $52K | $52K | $37K | $0 | — | View 990 |
| 2015 | $49K | $51K | $37K | $0 | — | View 990 |
| 2014 | $45K | $51K | $33K | $0 | — | View 990 |
| 2013 | $46K | $37K | $39K | $0 | — | View 990 |
| 2012 | $50K | $47K | $29K | $0 | — | View 990 |
| 2011 | $39K | $36K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $80K, expenses of $66K, and assets of $104K (revenue +9.9% year-over-year).
- 2023: Revenue of $73K, expenses of $72K, and assets of $90K (revenue +801.0% year-over-year).
- 2022: Revenue of $8K, expenses of $884, and assets of $89K (revenue +339.3% year-over-year).
- 2021: Revenue of $2K, expenses of $2K, and assets of $66K (revenue -97.5% year-over-year).
- 2020: Revenue of $72K, expenses of $73K, and assets of $66K (revenue +4.0% year-over-year).
- 2019: Revenue of $69K, expenses of $57K, and assets of $67K (revenue +8.0% year-over-year).
- 2018: Revenue of $64K, expenses of $52K, and assets of $54K (revenue +1.3% year-over-year).
- 2017: Revenue of $63K, expenses of $58K, and assets of $42K (revenue +21.6% year-over-year).
- 2016: Revenue of $52K, expenses of $52K, and assets of $37K (revenue +7.4% year-over-year).
- 2015: Revenue of $49K, expenses of $51K, and assets of $37K (revenue +8.0% year-over-year).
- 2014: Revenue of $45K, expenses of $51K, and assets of $33K (revenue -2.6% year-over-year).
- 2013: Revenue of $46K, expenses of $37K, and assets of $39K (revenue -7.3% year-over-year).
- 2012: Revenue of $50K, expenses of $47K, and assets of $29K (revenue +27.3% year-over-year).
- 2011: Revenue of $39K, expenses of $36K, and assets of $27K.
Data Sources and Methodology
This transparency report for Cave Run Storytelling Festival 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.