Chatfield Center For The Arts Inc
EIN: 452317004 · Chatfield, MN · NTEE: A90
| Metric | Value |
|---|---|
| Total Revenue | $446K |
| Total Expenses | $324K |
| Net Assets | $227K |
Is Chatfield Center For The Arts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chatfield Center For The Arts Inc
Chatfield Center For The Arts Inc (EIN: 452317004) is a nonprofit organization based in Chatfield, MN, classified under NTEE code A90. The organization reported total revenue of $446K and total assets of $242K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chatfield Center For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chatfield Center For The Arts Inc is a small nonprofit that has been operating for 14 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $317K |
| Total Expenses | $324K |
| Surplus / Deficit | $-6,611 |
| Total Assets | $229K |
| Total Liabilities | $2K |
| Net Assets | $227K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Chatfield Center For The Arts Inc reported a deficit of $7K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Chatfield Center For The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | +11.6% | -11.9% |
| 2022 | +6.0% | +38.1% | +16.1% |
| 2021 | +38.5% | -1.4% | +74.0% |
| 2020 | -21.0% | -16.3% | +6.6% |
| 2019 | +6.2% | -5.1% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chatfield Center For The Arts Inc 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 Chatfield Center For The Arts Inc 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Chatfield Center For The Arts Inc
Is Chatfield Center For The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chatfield Center For The Arts Inc (EIN: 452317004) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chatfield Center For The Arts Inc spend its money?
Detailed spending breakdown data is not yet available for Chatfield Center For The Arts Inc. Check back for updated IRS 990 analysis.
Are donations to Chatfield Center For The Arts Inc tax-deductible?
Chatfield Center For The Arts Inc is registered as a tax-exempt nonprofit (EIN: 452317004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chatfield Center For The Arts Inc located?
Chatfield Center For The Arts Inc is headquartered in Chatfield, Minnesota and files with the IRS under EIN 452317004. It is classified under NTEE code A90.
How many years of IRS 990 filings does Chatfield Center For The Arts Inc have?
Chatfield Center For The Arts Inc has 9 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 $446K in total revenue.
Filing History
IRS 990 filing history for Chatfield Center For The Arts Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Chatfield Center For The Arts Inc's revenue has grown by 407%, moving from $63K to $317K. Total assets increased by 307.1% over the same period, from $56K to $229K. Total functional expenses rose by 608.9%, from $46K to $324K. In its most recent filing year (2023), Chatfield Center For The Arts Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $2K in liabilities against $229K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $227K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $317K | $324K | $229K | $2K | — | — |
| 2022 | $325K | $290K | $260K | $1K | — | — |
| 2021 | $306K | $210K | $224K | $9 | — | View 990 |
| 2020 | $221K | $213K | $129K | $973 | — | — |
| 2019 | $280K | $254K | $121K | $2K | — | View 990 |
| 2018 | $263K | $268K | $94K | $0 | — | View 990 |
| 2017 | $211K | $204K | $98K | $0 | — | View 990 |
| 2016 | $100K | $65K | $91K | $0 | — | View 990 |
| 2015 | $63K | $46K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $317K, expenses of $324K, and assets of $229K (revenue -2.4% year-over-year).
- 2022: Revenue of $325K, expenses of $290K, and assets of $260K (revenue +6.0% year-over-year).
- 2021: Revenue of $306K, expenses of $210K, and assets of $224K (revenue +38.5% year-over-year).
- 2020: Revenue of $221K, expenses of $213K, and assets of $129K (revenue -21.0% year-over-year).
- 2019: Revenue of $280K, expenses of $254K, and assets of $121K (revenue +6.2% year-over-year).
- 2018: Revenue of $263K, expenses of $268K, and assets of $94K (revenue +24.8% year-over-year).
- 2017: Revenue of $211K, expenses of $204K, and assets of $98K (revenue +111.2% year-over-year).
- 2016: Revenue of $100K, expenses of $65K, and assets of $91K (revenue +59.8% year-over-year).
- 2015: Revenue of $63K, expenses of $46K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chatfield Center For The Arts Inc:
Data Sources and Methodology
This transparency report for Chatfield Center For The Arts 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.