Center For Art In Wood Inc
Center For Art In Wood: Strong Assets, Inconsistent Revenue
EIN: 222806780 · Philadelphia, PA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $955K |
| Total Expenses | $1.5M |
| Program Spending | 70% |
| Net Assets | $15.8M |
| Transparency Score | 75/100 |
Is Center For Art In Wood Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center For Art In Wood Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Center For Art In Wood Inc
Center For Art In Wood Inc (EIN: 222806780) is a nonprofit organization based in Philadelphia, PA. The organization reported total revenue of $955K and total assets of $17.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Art In Wood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Art In Wood Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $734K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-717,838 |
| Total Assets | $16.8M |
| Total Liabilities | $1.0M |
| Net Assets | $15.8M |
| Operating Margin | -97.8% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 139.1 months |
Financial Health Grade: B
In 2023, Center For Art In Wood Inc reported a deficit of $718K with expenses exceeding revenue, holds 139.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Center For Art In Wood Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.4% | +14.5% | +13.0% |
| 2022 | -3.1% | +19.9% | -18.1% |
| 2021 | -90.2% | +30.3% | +11.9% |
| 2020 | +1258.0% | -9.4% | +198.3% |
| 2019 | +45.4% | +8.9% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Center For Art In Wood Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Center For Art In Wood Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $718K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Executive compensation information is not provided in the given data, preventing an assessment of its reasonableness against the organization's revenue and assets.
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.
Red Flags
The following concerns were identified during AI analysis of Center For Art In Wood Inc's IRS 990 filings:
- Revenue has been highly inconsistent, with a significant spike in 2020 ($11,246,233) followed by a sharp decline to $733,765 in 2023.
- The organization reported a loss of $1,037,425 in 2023, indicating expenses exceeded revenue for the year.
Strengths
The following positive indicators were identified for Center For Art In Wood Inc:
- The organization maintains substantial assets, reaching $17,541,307 in 2023, indicating financial stability despite revenue fluctuations.
- Low liabilities across most years suggest good financial management and minimal debt burden.
- Consistent operation since at least 2016 demonstrates longevity and established presence.
Frequently Asked Questions about Center For Art In Wood Inc
Is Center For Art In Wood Inc a legitimate charity?
Center For Art In Wood Inc (EIN: 222806780) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $955K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Center For Art In Wood Inc spend its money?
Center For Art In Wood Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Center For Art In Wood Inc tax-deductible?
Center For Art In Wood Inc is registered as a tax-exempt nonprofit (EIN: 222806780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center For Art In Wood Inc's spending goes to programs?
Center For Art In Wood Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Center For Art In Wood Inc located?
Center For Art In Wood Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222806780.
How many years of IRS 990 filings does Center For Art In Wood Inc have?
Center For Art In Wood 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 $955K in total revenue.
What does Center For Art In Wood Inc do?
Center For Art In Wood Inc is a nonprofit organization in the Unknown sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does Center For Art In Wood Inc have?
Center For Art In Wood Inc reported total revenue of $954,907. Based on 13 IRS 990 filings on record.
What are Center For Art In Wood Inc's total assets?
Center For Art In Wood Inc holds total assets of $17,541,307 as reported in IRS 990 filings.
Where is Center For Art In Wood Inc located?
Center For Art In Wood Inc is based in Philadelphia, Pennsylvania.
What is Center For Art In Wood Inc's EIN?
Center For Art In Wood Inc's Employer Identification Number (EIN) is 222806780. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Center For Art In Wood Inc?
Center For Art In Wood Inc is classified under NTEE code Unknown (Unknown).
Is Center For Art In Wood Inc a registered 501(c)(3)?
Center For Art In Wood Inc appears in IRS records (EIN: 222806780). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Center For Art In Wood Inc file IRS Form 990?
Yes, Center For Art In Wood Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Center For Art In Wood Inc's revenue in 2023?
In the 202312 filing period, Center For Art In Wood Inc reported total revenue of $733,765, total expenses of $1,451,603, and net assets of $16,826,812.
Is Center For Art In Wood Inc's revenue growing or declining?
Center For Art In Wood Inc's revenue is declining. Revenue went from $1,069,704 (202212) to $733,765 (202312), a -31.4% change. Based on 13 filings on record.
What is Center For Art In Wood Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Center For Art In Wood Inc covers tax period 202312. It shows revenue of $733,765, expenses of $1,451,603, total assets of $16,826,812, and liabilities of $1,037,425.
How much does Center For Art In Wood Inc spend on programs vs administration?
Based on IRS 990 analysis, Center For Art In Wood Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Center For Art In Wood Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Center For Art In Wood Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Center For Art In Wood Inc?
The following concerns were identified: Revenue has been highly inconsistent, with a significant spike in 2020 ($11,246,233) followed by a sharp decline to $733,765 in 2023.. The organization reported a loss of $1,037,425 in 2023, indicating expenses exceeded revenue for the year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Center For Art In Wood Inc's strengths?
Positive indicators for Center For Art In Wood Inc include: The organization maintains substantial assets, reaching $17,541,307 in 2023, indicating financial stability despite revenue fluctuations.. Low liabilities across most years suggest good financial management and minimal debt burden.. Consistent operation since at least 2016 demonstrates longevity and established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Center For Art In Wood Inc compensate executives?
Executive compensation information is not provided in the given data, preventing an assessment of its reasonableness against the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the massive revenue spike in 2020 ($11,246,233) and subsequent return to lower levels?
The provided data does not specify the source of the 2020 revenue spike, but it was an outlier compared to other years, suggesting a one-time event or significant grant rather than a sustainable trend.
How does the organization plan to address the recent operating loss of $1,037,425 in 2023?
The data indicates a significant loss in 2023, but it does not provide information on the organization's strategies to mitigate future losses or return to profitability.
Filing History
IRS 990 filing history for Center For Art In Wood Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center For Art In Wood Inc's revenue has grown by 36.5%, moving from $537K to $734K. Total assets increased by 1926% over the same period, from $831K to $16.8M. Total functional expenses rose by 89.4%, from $766K to $1.5M. In its most recent filing year (2023), Center For Art In Wood Inc reported a deficit of $718K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $16.8M in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $15.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $734K | $1.5M | $16.8M | $1.0M | — | — |
| 2022 | $1.1M | $1.3M | $14.9M | $41K | — | View 990 |
| 2021 | $1.1M | $1.1M | $18.2M | $47K | — | View 990 |
| 2020 | $11.2M | $811K | $16.2M | $31K | — | — |
| 2019 | $828K | $896K | $5.4M | $69K | — | View 990 |
| 2018 | $570K | $822K | $4.7M | $89K | — | View 990 |
| 2017 | $2.8M | $841K | $5.4M | $127K | — | View 990 |
| 2016 | $555K | $845K | $3.2M | $119K | — | View 990 |
| 2015 | $1.3M | $840K | $3.4M | $157K | — | View 990 |
| 2014 | $722K | $787K | $3.0M | $164K | — | View 990 |
| 2013 | $2.8M | $624K | $2.9M | $167K | — | View 990 |
| 2012 | $597K | $623K | $714K | $161K | — | View 990 |
| 2011 | $537K | $766K | $831K | $253K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $734K, expenses of $1.5M, and assets of $16.8M (revenue -31.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $14.9M (revenue -3.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $18.2M (revenue -90.2% year-over-year).
- 2020: Revenue of $11.2M, expenses of $811K, and assets of $16.2M (revenue +1258.0% year-over-year).
- 2019: Revenue of $828K, expenses of $896K, and assets of $5.4M (revenue +45.4% year-over-year).
- 2018: Revenue of $570K, expenses of $822K, and assets of $4.7M (revenue -79.8% year-over-year).
- 2017: Revenue of $2.8M, expenses of $841K, and assets of $5.4M (revenue +407.7% year-over-year).
- 2016: Revenue of $555K, expenses of $845K, and assets of $3.2M (revenue -57.0% year-over-year).
- 2015: Revenue of $1.3M, expenses of $840K, and assets of $3.4M (revenue +78.8% year-over-year).
- 2014: Revenue of $722K, expenses of $787K, and assets of $3.0M (revenue -74.0% year-over-year).
- 2013: Revenue of $2.8M, expenses of $624K, and assets of $2.9M (revenue +364.7% year-over-year).
- 2012: Revenue of $597K, expenses of $623K, and assets of $714K (revenue +11.1% year-over-year).
- 2011: Revenue of $537K, expenses of $766K, and assets of $831K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Art In Wood Inc:
Data Sources and Methodology
This transparency report for Center For Art In Wood 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.