Chattanooga Design Studio
EIN: 473183435 · Chattanooga, TN · NTEE: S21
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.0M |
| Net Assets | $310K |
Is Chattanooga Design Studio Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chattanooga Design Studio
Chattanooga Design Studio (EIN: 473183435) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code S21. The organization reported total revenue of $2.7M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chattanooga Design Studio's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chattanooga Design Studio is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $667K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-370,565 |
| Total Assets | $355K |
| Total Liabilities | $44K |
| Net Assets | $310K |
| Operating Margin | -55.6% |
| Debt-to-Asset Ratio | 12.5% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2023, Chattanooga Design Studio reported a deficit of $371K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 12.5% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Chattanooga Design Studio's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.7% | +85.7% | -51.5% |
| 2022 | -41.5% | -38.3% | -3.7% |
| 2021 | -0.2% | +17.9% | -0.7% |
| 2020 | -11.5% | +15.3% | +29.5% |
| 2019 | +84.3% | +16.6% | +64.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chattanooga Design Studio 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 Chattanooga Design Studio 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 $371K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.5%.
Frequently Asked Questions about Chattanooga Design Studio
Is Chattanooga Design Studio a legitimate charity?
Chattanooga Design Studio (EIN: 473183435) is a registered tax-exempt nonprofit based in Tennessee. It has 8 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: B.
How does Chattanooga Design Studio spend its money?
Chattanooga Design Studio reported $2.7M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chattanooga Design Studio tax-deductible?
Chattanooga Design Studio is registered as a tax-exempt nonprofit (EIN: 473183435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chattanooga Design Studio located?
Chattanooga Design Studio is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 473183435. It is classified under NTEE code S21.
How many years of IRS 990 filings does Chattanooga Design Studio have?
Chattanooga Design Studio has 8 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Chattanooga Design Studio showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Chattanooga Design Studio's revenue has grown by 194.9%, moving from $226K to $667K. Total assets increased by 224.6% over the same period, from $109K to $355K. Total functional expenses rose by 746.8%, from $122K to $1.0M. In its most recent filing year (2023), Chattanooga Design Studio reported a deficit of $371K, with expenses exceeding revenue. The organization holds $44K in liabilities against $355K in assets (debt-to-asset ratio: 12.5%), resulting in net assets of $310K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $667K | $1.0M | $355K | $44K | — | — |
| 2022 | $535K | $558K | $731K | $50K | — | — |
| 2021 | $914K | $905K | $759K | $54K | — | View 990 |
| 2020 | $916K | $768K | $764K | $68K | — | — |
| 2019 | $1.0M | $666K | $591K | $42K | — | View 990 |
| 2018 | $562K | $571K | $360K | $181K | — | View 990 |
| 2017 | $643K | $559K | $205K | $17K | — | View 990 |
| 2016 | $226K | $122K | $109K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $667K, expenses of $1.0M, and assets of $355K (revenue +24.7% year-over-year).
- 2022: Revenue of $535K, expenses of $558K, and assets of $731K (revenue -41.5% year-over-year).
- 2021: Revenue of $914K, expenses of $905K, and assets of $759K (revenue -0.2% year-over-year).
- 2020: Revenue of $916K, expenses of $768K, and assets of $764K (revenue -11.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $666K, and assets of $591K (revenue +84.3% year-over-year).
- 2018: Revenue of $562K, expenses of $571K, and assets of $360K (revenue -12.7% year-over-year).
- 2017: Revenue of $643K, expenses of $559K, and assets of $205K (revenue +184.6% year-over-year).
- 2016: Revenue of $226K, expenses of $122K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chattanooga Design Studio:
Data Sources and Methodology
This transparency report for Chattanooga Design Studio 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.