Cleveland Arts Prize
Cleveland Arts Prize shows recent revenue growth and operates with no reported officer compensation.
EIN: 10627754 · Cleveland, OH · NTEE: A60 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $350K |
| Total Expenses | $243K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $700,000 |
| Net Assets | $543K |
| Transparency Score | 85/100 |
Is Cleveland Arts Prize Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cleveland Arts Prize directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cleveland Arts Prize
Cleveland Arts Prize (EIN: 10627754) is a nonprofit organization based in Cleveland, OH, classified under NTEE code A60. The organization reported total revenue of $350K and total assets of $715K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cleveland Arts Prize's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cleveland Arts Prize is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $266K |
| Total Expenses | $243K |
| Surplus / Deficit | +$23K |
| Total Assets | $591K |
| Total Liabilities | $48K |
| Net Assets | $543K |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 29.2 months |
Financial Health Grade: A
In 2023, Cleveland Arts Prize reported a surplus of $23K with revenue exceeding expenses, holds 29.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cleveland Arts Prize's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.8% | +3.4% | +10.5% |
| 2022 | -1.2% | -9.2% | -21.6% |
| 2021 | +74.5% | +83.7% | -0.2% |
| 2020 | -56.6% | -46.4% | +6.4% |
| 2019 | +46.3% | +43.5% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Cleveland Arts Prize with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Cleveland Arts Prize allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of its size with assets over $700,000 and recent revenues exceeding $250,000.
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 Cleveland Arts Prize's IRS 990 filings:
- Lack of detailed program, administrative, and fundraising expense breakdown in provided summary data, making efficiency analysis difficult.
- Consistent operating deficits in several prior years (e.g., 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014) before the 2023 surplus.
Strengths
The following positive indicators were identified for Cleveland Arts Prize:
- Zero reported officer compensation across all filings, indicating high dedication of funds to mission.
- Consistent and timely IRS 990 filing history (13 filings), demonstrating strong transparency and compliance.
- Healthy asset base, consistently above $500,000, providing financial stability.
- Recent positive financial turnaround, moving from deficits to a surplus in 2023 ($266,266 revenue vs. $242,975 expenses).
- Low liabilities, indicating minimal debt burden (e.g., $48,432 in 2023, $0 in 2022 and 2021).
Frequently Asked Questions about Cleveland Arts Prize
Is Cleveland Arts Prize a legitimate charity?
Based on AI analysis of IRS 990 filings, Cleveland Arts Prize (EIN: 10627754) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Cleveland Arts Prize spend its money?
Cleveland Arts Prize directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cleveland Arts Prize tax-deductible?
Cleveland Arts Prize is registered as a tax-exempt nonprofit (EIN: 10627754). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cleveland Arts Prize CEO make?
Cleveland Arts Prize's highest-compensated officer earns $700,000 annually. The organization reported $350K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cleveland Arts Prize's spending goes to programs?
Cleveland Arts Prize directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cleveland Arts Prize compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cleveland Arts Prize is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cleveland Arts Prize located?
Cleveland Arts Prize is headquartered in Cleveland, Ohio and files with the IRS under EIN 10627754. It is classified under NTEE code A60.
How many years of IRS 990 filings does Cleveland Arts Prize have?
Cleveland Arts Prize has 13 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 $350K in total revenue.
Is Cleveland Arts Prize a good charity?
Based on the available data, Cleveland Arts Prize appears to be a well-managed charity with a strong commitment to its mission, evidenced by consistent asset levels, recent revenue growth, and zero reported officer compensation. However, a full assessment of 'goodness' would benefit from detailed program spending ratios.
How has Cleveland Arts Prize's financial health changed over the last few years?
Cleveland Arts Prize's financial health has improved recently, moving from several years of operating deficits (e.g., $180,119 revenue vs. $234,942 expenses in 2022) to an operating surplus in 2023 ($266,266 revenue vs. $242,975 expenses). Assets have also grown from $534,875 in 2022 to $591,134 in 2023.
What is the trend in Cleveland Arts Prize's revenue?
Cleveland Arts Prize's revenue has shown an upward trend in recent years, increasing from $104,431 in 2020 to $266,266 in 2023, with a notable jump from $180,119 in 2022 to $266,266 in 2023.
Filing History
IRS 990 filing history for Cleveland Arts Prize showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cleveland Arts Prize's revenue has grown by 20.9%, moving from $220K to $266K. Total assets decreased by 13.8% over the same period, from $686K to $591K. Total functional expenses rose by 51.5%, from $160K to $243K. In its most recent filing year (2023), Cleveland Arts Prize reported a surplus of $23K, with revenue exceeding expenses. The organization holds $48K in liabilities against $591K in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $543K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $266K | $243K | $591K | $48K | — | — |
| 2022 | $180K | $235K | $535K | $0 | — | View 990 |
| 2021 | $182K | $259K | $682K | $0 | — | View 990 |
| 2020 | $104K | $141K | $683K | $714 | — | — |
| 2019 | $241K | $263K | $642K | $2K | — | View 990 |
| 2018 | $165K | $183K | $660K | $7K | — | View 990 |
| 2017 | $159K | $208K | $655K | $15K | — | View 990 |
| 2016 | $169K | $234K | $599K | $2K | — | View 990 |
| 2015 | $88K | $206K | $635K | $0 | — | View 990 |
| 2014 | $108K | $172K | $753K | $217 | — | View 990 |
| 2013 | $215K | $136K | $904K | $87K | — | View 990 |
| 2012 | $207K | $152K | $739K | $492 | — | View 990 |
| 2011 | $220K | $160K | $686K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $266K, expenses of $243K, and assets of $591K (revenue +47.8% year-over-year).
- 2022: Revenue of $180K, expenses of $235K, and assets of $535K (revenue -1.2% year-over-year).
- 2021: Revenue of $182K, expenses of $259K, and assets of $682K (revenue +74.5% year-over-year).
- 2020: Revenue of $104K, expenses of $141K, and assets of $683K (revenue -56.6% year-over-year).
- 2019: Revenue of $241K, expenses of $263K, and assets of $642K (revenue +46.3% year-over-year).
- 2018: Revenue of $165K, expenses of $183K, and assets of $660K (revenue +3.2% year-over-year).
- 2017: Revenue of $159K, expenses of $208K, and assets of $655K (revenue -5.4% year-over-year).
- 2016: Revenue of $169K, expenses of $234K, and assets of $599K (revenue +91.0% year-over-year).
- 2015: Revenue of $88K, expenses of $206K, and assets of $635K (revenue -18.3% year-over-year).
- 2014: Revenue of $108K, expenses of $172K, and assets of $753K (revenue -49.8% year-over-year).
- 2013: Revenue of $215K, expenses of $136K, and assets of $904K (revenue +3.9% year-over-year).
- 2012: Revenue of $207K, expenses of $152K, and assets of $739K (revenue -5.9% year-over-year).
- 2011: Revenue of $220K, expenses of $160K, and assets of $686K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cleveland Arts Prize:
Data Sources and Methodology
This transparency report for Cleveland Arts Prize 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.