Cleburne Performing Arts Foundation
Cleburne Performing Arts Foundation consistently reports 0% officer compensation, directing funds to programs despite fluctuating revenues.
EIN: 134335970 · Cleburne, TX · NTEE: A60 · Updated: 2026-03-28
Is Cleburne Performing Arts Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cleburne Performing Arts Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cleburne Performing Arts Foundation
Cleburne Performing Arts Foundation (EIN: 134335970) is a nonprofit organization based in Cleburne, TX, classified under NTEE code A60. The organization reported total revenue of $1.9M and total assets of $986K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cleburne Performing Arts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cleburne Performing Arts Foundation is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-28,824 |
| Total Assets | $1.0M |
| Total Liabilities | $624K |
| Net Assets | $379K |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 62.2% |
| Months of Reserves | 8.0 months |
Financial Health Grade: C
In 2023, Cleburne Performing Arts Foundation reported a deficit of $29K with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 62.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Cleburne Performing Arts Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.4% | +9.3% | -12.0% |
| 2022 | -26.8% | +65.1% | -16.2% |
| 2021 | +155.9% | +56.9% | +82.4% |
| 2020 | -51.4% | -56.8% | -15.1% |
| 2019 | +5.2% | +4.5% | +70.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cleburne Performing Arts Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cleburne Performing Arts Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive sign for a nonprofit of its size, demonstrating a strong commitment to directing resources towards its mission.
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 Cleburne Performing Arts Foundation's IRS 990 filings:
- Expenses exceeded revenue in recent periods (e.g., 202312: $1,499,652 expenses vs. $1,470,828 revenue; 202212: $1,372,237 expenses vs. $1,094,066 revenue), which could indicate reliance on reserves or future fundraising.
Strengths
The following positive indicators were identified for Cleburne Performing Arts Foundation:
- Consistent 0% officer compensation across all filings, demonstrating high efficiency and dedication to mission.
- Healthy asset base ($1,003,068 in 202312) comfortably covers liabilities ($623,939), indicating financial stability.
- Long history of IRS 990 filings (14 filings), suggesting transparency and consistent operation.
- Significant growth in revenue over the past decade, from $330,811 in 201412 to $1,470,828 in 202312.
Frequently Asked Questions about Cleburne Performing Arts Foundation
Is Cleburne Performing Arts Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cleburne Performing Arts Foundation (EIN: 134335970) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Cleburne Performing Arts Foundation spend its money?
Cleburne Performing Arts Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cleburne Performing Arts Foundation tax-deductible?
Cleburne Performing Arts Foundation is registered as a tax-exempt nonprofit (EIN: 134335970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cleburne Performing Arts Foundation a good charity?
Based on the available data, Cleburne Performing Arts Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to program spending. Its assets generally exceed liabilities, and it has a long history of filing, suggesting stability and transparency.
How has the organization's financial health changed over time?
The organization's revenue has shown significant growth and fluctuation, from $330,811 in 201412 to $1,470,828 in 202312. While expenses sometimes exceed revenue (e.g., 202312, 202212), the asset base has generally grown, reaching $1,003,068 in 202312, indicating overall financial resilience.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly commendable, with 0% officer compensation reported in all available filings. This means that no officers are paid salaries, which is a strong indicator of financial efficiency and dedication to the mission.
Filing History
IRS 990 filing history for Cleburne Performing Arts Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Cleburne Performing Arts Foundation's revenue has grown by 410.6%, moving from $288K to $1.5M. Total assets increased by 1944.8% over the same period, from $49K to $1.0M. Total functional expenses rose by 437.6%, from $279K to $1.5M. In its most recent filing year (2023), Cleburne Performing Arts Foundation reported a deficit of $29K, with expenses exceeding revenue. The organization holds $624K in liabilities against $1.0M in assets (debt-to-asset ratio: 62.2%), resulting in net assets of $379K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $1.0M | $624K | — | — |
| 2022 | $1.1M | $1.4M | $1.1M | $732K | — | View 990 |
| 2021 | $1.5M | $831K | $1.4M | $675K | — | View 990 |
| 2020 | $584K | $530K | $746K | $723K | — | View 990 |
| 2019 | $1.2M | $1.2M | $879K | $837K | — | View 990 |
| 2018 | $1.1M | $1.2M | $516K | $449K | — | View 990 |
| 2017 | $729K | $728K | $549K | $450K | — | View 990 |
| 2016 | $580K | $561K | $476K | $377K | — | View 990 |
| 2015 | $561K | $533K | $218K | $138K | — | View 990 |
| 2014 | $331K | $334K | $207K | $155K | — | View 990 |
| 2014 | $532K | $522K | $174K | $119K | — | View 990 |
| 2013 | $476K | $466K | $189K | $143K | — | View 990 |
| 2012 | $401K | $367K | $117K | $82K | — | View 990 |
| 2011 | $288K | $279K | $49K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $1.0M (revenue +34.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.4M, and assets of $1.1M (revenue -26.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $831K, and assets of $1.4M (revenue +155.9% year-over-year).
- 2020: Revenue of $584K, expenses of $530K, and assets of $746K (revenue -51.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $879K (revenue +5.2% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $516K (revenue +56.6% year-over-year).
- 2017: Revenue of $729K, expenses of $728K, and assets of $549K (revenue +25.7% year-over-year).
- 2016: Revenue of $580K, expenses of $561K, and assets of $476K (revenue +3.4% year-over-year).
- 2015: Revenue of $561K, expenses of $533K, and assets of $218K (revenue +69.5% year-over-year).
- 2014: Revenue of $331K, expenses of $334K, and assets of $207K (revenue -37.8% year-over-year).
- 2014: Revenue of $532K, expenses of $522K, and assets of $174K (revenue +11.8% year-over-year).
- 2013: Revenue of $476K, expenses of $466K, and assets of $189K (revenue +18.6% year-over-year).
- 2012: Revenue of $401K, expenses of $367K, and assets of $117K (revenue +39.3% year-over-year).
- 2011: Revenue of $288K, expenses of $279K, and assets of $49K.
Data Sources and Methodology
This transparency report for Cleburne Performing Arts Foundation 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.