Center For Creative Economy
EIN: 275003133 · Winston Salem, NC · NTEE: S30
About Center For Creative Economy
Center For Creative Economy (EIN: 275003133) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code S30. The organization reported total revenue of $389K and total assets of $99K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Creative Economy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Center For Creative Economy 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 Center For Creative Economy 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.
Filing History
IRS 990 filing history for Center For Creative Economy showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Center For Creative Economy's revenue has grown by 127.3%, moving from $113K to $256K. Total assets increased by 533.7% over the same period, from $23K to $146K. Total functional expenses rose by 176.6%, from $113K to $312K. In its most recent filing year (2023), Center For Creative Economy reported a deficit of $56K, with expenses exceeding revenue. The organization holds $88K in liabilities against $146K in assets (debt-to-asset ratio: 59.9%), resulting in net assets of $59K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $256K | $312K | $146K | $88K | — | View 990 |
| 2022 | $250K | $279K | $204K | $89K | — | View 990 |
| 2021 | $290K | $255K | $233K | $89K | — | View 990 |
| 2020 | $259K | $254K | $114K | $4K | — | View 990 |
| 2019 | $250K | $243K | $106K | $0 | — | View 990 |
| 2018 | $231K | $212K | $99K | $0 | — | View 990 |
| 2017 | $235K | $195K | $79K | $0 | — | — |
| 2016 | $106K | $68K | $39K | $0 | — | View 990 |
| 2014 | $125K | $111K | $15K | $0 | — | View 990 |
| 2013 | $113K | $113K | $23K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $256K, expenses of $312K, and assets of $146K (revenue +2.4% year-over-year).
- 2022: Revenue of $250K, expenses of $279K, and assets of $204K (revenue -13.7% year-over-year).
- 2021: Revenue of $290K, expenses of $255K, and assets of $233K (revenue +12.0% year-over-year).
- 2020: Revenue of $259K, expenses of $254K, and assets of $114K (revenue +3.5% year-over-year).
- 2019: Revenue of $250K, expenses of $243K, and assets of $106K (revenue +8.0% year-over-year).
- 2018: Revenue of $231K, expenses of $212K, and assets of $99K (revenue -1.5% year-over-year).
- 2017: Revenue of $235K, expenses of $195K, and assets of $79K (revenue +121.4% year-over-year).
- 2016: Revenue of $106K, expenses of $68K, and assets of $39K (revenue -15.1% year-over-year).
- 2014: Revenue of $125K, expenses of $111K, and assets of $15K (revenue +11.1% year-over-year).
- 2013: Revenue of $113K, expenses of $113K, and assets of $23K.
Data Sources and Methodology
This transparency report for Center For Creative Economy 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.