Charlotte Is Creative
EIN: 475329696 · Charlotte, NC · NTEE: A20
Is Charlotte Is Creative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charlotte Is Creative
Charlotte Is Creative (EIN: 475329696) is a nonprofit organization based in Charlotte, NC, classified under NTEE code A20. The organization reported total revenue of $817K and total assets of $409K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlotte Is Creative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlotte Is Creative is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 70.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $834K |
| Total Expenses | $737K |
| Surplus / Deficit | +$97K |
| Total Assets | $398K |
| Total Liabilities | $6K |
| Net Assets | $392K |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, Charlotte Is Creative reported a surplus of $97K with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Charlotte Is Creative's revenue has grown at a compound annual growth rate (CAGR) of 70.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.9% | +44.5% | +32.1% |
| 2022 | +-0.0% | +8.3% | +13.2% |
| 2021 | +20.7% | +29.2% | +18.1% |
| 2020 | +8.7% | -3.5% | +126.0% |
| 2019 | +259.5% | +438.7% | +66.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charlotte Is Creative 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 Charlotte Is Creative 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $97K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Charlotte Is Creative
Is Charlotte Is Creative a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlotte Is Creative (EIN: 475329696) insufficient data. 0 red flags identified, 0 strengths noted.
How does Charlotte Is Creative spend its money?
Detailed spending breakdown data is not yet available for Charlotte Is Creative. Check back for updated IRS 990 analysis.
Are donations to Charlotte Is Creative tax-deductible?
Charlotte Is Creative is registered as a tax-exempt nonprofit (EIN: 475329696). 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 Charlotte Is Creative showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Charlotte Is Creative's revenue has grown by 4097.7%, moving from $20K to $834K. Total assets increased by 6401.2% over the same period, from $6K to $398K. Total functional expenses rose by 4845.1%, from $15K to $737K. In its most recent filing year (2023), Charlotte Is Creative reported a surplus of $97K, with revenue exceeding expenses. The organization holds $6K in liabilities against $398K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $392K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $834K | $737K | $398K | $6K | — | View 990 |
| 2022 | $546K | $510K | $301K | $6K | — | View 990 |
| 2021 | $546K | $471K | $266K | $6K | — | View 990 |
| 2020 | $452K | $365K | $225K | $40K | — | View 990 |
| 2019 | $416K | $378K | $100K | $2K | — | View 990 |
| 2018 | $116K | $70K | $60K | $536 | — | View 990 |
| 2017 | $44K | $35K | $14K | $536 | — | View 990 |
| 2016 | $20K | $15K | $6K | $536 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $834K, expenses of $737K, and assets of $398K (revenue +52.9% year-over-year).
- 2022: Revenue of $546K, expenses of $510K, and assets of $301K (revenue +-0.0% year-over-year).
- 2021: Revenue of $546K, expenses of $471K, and assets of $266K (revenue +20.7% year-over-year).
- 2020: Revenue of $452K, expenses of $365K, and assets of $225K (revenue +8.7% year-over-year).
- 2019: Revenue of $416K, expenses of $378K, and assets of $100K (revenue +259.5% year-over-year).
- 2018: Revenue of $116K, expenses of $70K, and assets of $60K (revenue +165.2% year-over-year).
- 2017: Revenue of $44K, expenses of $35K, and assets of $14K (revenue +119.5% year-over-year).
- 2016: Revenue of $20K, expenses of $15K, and assets of $6K.
Data Sources and Methodology
This transparency report for Charlotte Is Creative 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.