Charleston Regional Alliance For The Arts
Charleston Regional Alliance For The Arts shows fluctuating finances and a concerning recent report of zero revenue and assets.
EIN: 204240088 · Charleston, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $168K |
| Program Spending | 70% |
| Net Assets | $20K |
| Transparency Score | 55/100 |
Is Charleston Regional Alliance For The Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charleston Regional Alliance For The Arts directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Charleston Regional Alliance For The Arts
Charleston Regional Alliance For The Arts (EIN: 204240088) is a nonprofit organization based in Charleston, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charleston Regional Alliance For The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charleston Regional Alliance For The Arts is a small nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $142K |
| Total Expenses | $168K |
| Surplus / Deficit | $-25,554 |
| Total Assets | $48K |
| Total Liabilities | $28K |
| Net Assets | $20K |
| Operating Margin | -18.0% |
| Debt-to-Asset Ratio | 57.9% |
| Months of Reserves | 3.4 months |
Financial Health Grade: C
In 2017, Charleston Regional Alliance For The Arts reported a deficit of $26K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 57.9% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Charleston Regional Alliance For The Arts's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -25.4% | -7.7% | -43.8% |
| 2016 | -11.5% | +2.7% | +35.7% |
| 2015 | +79.5% | +36.0% | +413.6% |
| 2014 | -2.1% | +1.9% | -95.0% |
| 2013 | +35.1% | +13.2% | +9.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charleston Regional Alliance For The Arts with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Charleston Regional Alliance For The Arts allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's officers are either unpaid volunteers or compensated through other means not classified as officer compensation, which suggests a lean executive overhead for an organization of its size.
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 Charleston Regional Alliance For The Arts's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential dormancy or significant operational issues.
- Inconsistent financial performance with alternating surpluses and deficits (e.g., deficit in 2017 after surpluses in 2016 and 2015).
- Historically high liabilities relative to assets in certain years (e.g., 2013 and 2012), suggesting potential financial strain.
Strengths
The following positive indicators were identified for Charleston Regional Alliance For The Arts:
- Consistent filing of IRS Form 990s over seven periods, indicating a commitment to transparency.
- 0% officer compensation reported across all filings, suggesting a lean executive cost structure.
- Demonstrated ability to generate over $100,000 in revenue in most operating years, indicating a capacity for fundraising and program delivery.
Frequently Asked Questions about Charleston Regional Alliance For The Arts
Is Charleston Regional Alliance For The Arts a legitimate charity?
Charleston Regional Alliance For The Arts (EIN: 204240088) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 55/100. It has 7 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Charleston Regional Alliance For The Arts spend its money?
Charleston Regional Alliance For The Arts directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Charleston Regional Alliance For The Arts tax-deductible?
Charleston Regional Alliance For The Arts is registered as a tax-exempt nonprofit (EIN: 204240088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charleston Regional Alliance For The Arts's spending goes to programs?
Charleston Regional Alliance For The Arts directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Charleston Regional Alliance For The Arts located?
Charleston Regional Alliance For The Arts is headquartered in Charleston, South Carolina and files with the IRS under EIN 204240088.
How many years of IRS 990 filings does Charleston Regional Alliance For The Arts have?
Charleston Regional Alliance For The Arts has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the reason for the $0 revenue and assets reported in the latest filing?
The latest filing showing $0 in revenue and assets is a significant anomaly compared to previous years where revenue ranged from $90,561 to $214,981. This could indicate a cessation of operations, a reporting error, or a change in the organization's structure that needs clarification.
How does the organization manage its liabilities, especially given past high ratios?
In 2013 and 2012, liabilities were very high ($239,770 and $214,249 respectively) relative to assets ($243,490 and $223,177). While the 2017 filing shows a more balanced ratio ($27,698 liabilities vs. $47,873 assets), the historical data suggests periods of significant financial leverage that warrant understanding of their debt management strategies.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses. To fully assess spending efficiency, it would be crucial to understand how the total expenses (e.g., $167,618 in 2017) are allocated across program services, administrative overhead, and fundraising activities.
Filing History
IRS 990 filing history for Charleston Regional Alliance For The Arts showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Charleston Regional Alliance For The Arts's revenue has grown by 11.9%, moving from $127K to $142K. Total assets increased by 43.8% over the same period, from $33K to $48K. Total functional expenses rose by 21.8%, from $138K to $168K. In its most recent filing year (2017), Charleston Regional Alliance For The Arts reported a deficit of $26K, with expenses exceeding revenue. The organization holds $28K in liabilities against $48K in assets (debt-to-asset ratio: 57.9%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $142K | $168K | $48K | $28K | — | View 990 |
| 2016 | $190K | $182K | $85K | $45K | — | View 990 |
| 2015 | $215K | $177K | $63K | $31K | — | View 990 |
| 2014 | $120K | $130K | $12K | $19K | — | View 990 |
| 2013 | $122K | $128K | $243K | $240K | — | View 990 |
| 2012 | $91K | $113K | $223K | $214K | — | View 990 |
| 2011 | $127K | $138K | $33K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $142K, expenses of $168K, and assets of $48K (revenue -25.4% year-over-year).
- 2016: Revenue of $190K, expenses of $182K, and assets of $85K (revenue -11.5% year-over-year).
- 2015: Revenue of $215K, expenses of $177K, and assets of $63K (revenue +79.5% year-over-year).
- 2014: Revenue of $120K, expenses of $130K, and assets of $12K (revenue -2.1% year-over-year).
- 2013: Revenue of $122K, expenses of $128K, and assets of $243K (revenue +35.1% year-over-year).
- 2012: Revenue of $91K, expenses of $113K, and assets of $223K (revenue -28.6% year-over-year).
- 2011: Revenue of $127K, expenses of $138K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charleston Regional Alliance For The Arts:
Data Sources and Methodology
This transparency report for Charleston Regional Alliance For The Arts 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.