Cleveland Festival Of Art And Technology Inc
Cleveland Festival Of Art And Technology Inc shows revenue growth but increasing liabilities and recent deficit spending.
EIN: 202031718 · Cleveland, OH · NTEE: A20 · Updated: 2026-03-28
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Cleveland Festival Of Art And Technology Inc is mapped to EIN 202031718.
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| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $702K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $280K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Cleveland Festival Of Art And Technology Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Cleveland Festival Of Art And Technology Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Cleveland Festival Of Art And Technology Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $641K and expenses of $702K.
Revenue and Expenses
Cleveland Festival Of Art And Technology Inc reported $641K in revenue and $702K in expenses, a deficit of $60K.
Executive Compensation
Top officer compensation appears as $600,000 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Cleveland Festival Of Art And Technology Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $561K (80%) |
Across stored filings, Cleveland Festival Of Art And Technology Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 14 stored filing years |
| Peer context | Compare with Alliance Of Independent Academic Medical Centers | Ohio and Arts & Culture context |
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Cleveland Festival Of Art And Technology Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cleveland Festival Of Art And Technology Inc
Cleveland Festival Of Art And Technology Inc (EIN: 202031718) is a nonprofit organization based in Cleveland, OH, classified under NTEE code A20. The organization reported total revenue of $1.0M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cleveland Festival Of Art And Technology Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cleveland Festival Of Art And Technology Inc is a mid-size nonprofit that has been operating for 21 years, with 14 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 | $641K |
| Total Expenses | $702K |
| Surplus / Deficit | $-60,119 |
| Total Assets | $1.1M |
| Total Liabilities | $830K |
| Net Assets | $280K |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 74.8% |
| Months of Reserves | 19.0 months |
Financial Health Grade: C
In 2023, Cleveland Festival Of Art And Technology Inc reported a deficit of $60K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 74.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Cleveland Festival Of Art And Technology Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +0.8% | +179.1% |
| 2022 | +23.9% | +94.4% | -11.7% |
| 2021 | +25.2% | +29.4% | +36.9% |
| 2020 | -17.5% | -52.0% | +39.3% |
| 2019 | +13.2% | +14.4% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Festival Of Art And Technology Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cleveland Festival Of Art And Technology Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 74.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a nonprofit of its size with over $600,000 in annual revenue.
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 Festival Of Art And Technology Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $701,506 vs. revenue $641,387)
- Significant increase in liabilities from $20,104 in 2022 to $829,549 in 2023, warranting further investigation.
Strengths
The following positive indicators were identified for Cleveland Festival Of Art And Technology Inc:
- Consistent revenue growth over the past several years, from $407,617 in 2020 to $641,387 in 2023.
- 0% officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Long history of IRS 990 filings (14 filings), demonstrating commitment to transparency.
- Substantial asset growth, from $397,360 in 2022 to $1,109,103 in 2023.
Frequently Asked Questions about Cleveland Festival Of Art And Technology Inc
Is Cleveland Festival Of Art And Technology Inc a legitimate charity?
Cleveland Festival Of Art And Technology Inc (EIN: 202031718) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Cleveland Festival Of Art And Technology Inc spend its money?
Cleveland Festival Of Art And Technology Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Cleveland Festival Of Art And Technology Inc tax-deductible?
Cleveland Festival Of Art And Technology Inc is registered as a tax-exempt nonprofit (EIN: 202031718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cleveland Festival Of Art And Technology Inc CEO make?
Cleveland Festival Of Art And Technology Inc's highest-compensated officer earns $600,000 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cleveland Festival Of Art And Technology Inc's spending goes to programs?
Cleveland Festival Of Art And Technology Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cleveland Festival Of Art And Technology Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cleveland Festival Of Art And Technology Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cleveland Festival Of Art And Technology Inc located?
Cleveland Festival Of Art And Technology Inc is headquartered in Cleveland, Ohio and files with the IRS under EIN 202031718. It is classified under NTEE code A20.
How many years of IRS 990 filings does Cleveland Festival Of Art And Technology Inc have?
Cleveland Festival Of Art And Technology Inc has 14 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 $1.0M in total revenue.
Is Cleveland Festival Of Art And Technology Inc financially stable given its recent deficits?
The organization has reported expenses exceeding revenue in several recent periods (e.g., 2023 and 2022). While assets have grown, the substantial increase in liabilities to $829,549 in 2023, compared to $20,104 in 2022, raises concerns about its long-term financial stability and the nature of these liabilities.
What caused the significant increase in liabilities in 2023?
The IRS 990 data shows liabilities jumped from $20,104 in 2022 to $829,549 in 2023. Without further detail from the full 990 form, it's unclear if this is due to deferred revenue, program-related debt, or other financial obligations.
How does the organization fund its operations if it frequently spends more than it earns?
The organization has experienced periods where expenses exceeded revenue. This could be covered by drawing down prior year surpluses, utilizing lines of credit, or through the significant increase in liabilities observed in the 2023 filing.
Filing History
IRS 990 filing history for Cleveland Festival Of Art And Technology Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Cleveland Festival Of Art And Technology Inc's revenue has grown by 21.5%, moving from $528K to $641K. Total assets increased by 1805.9% over the same period, from $58K to $1.1M. Total functional expenses rose by 40.8%, from $498K to $702K. In its most recent filing year (2023), Cleveland Festival Of Art And Technology Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $830K in liabilities against $1.1M in assets (debt-to-asset ratio: 74.8%), resulting in net assets of $280K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $641K | $702K | $1.1M | $830K | — | — |
| 2022 | $633K | $696K | $397K | $20K | — | View 990 |
| 2021 | $510K | $358K | $450K | $10K | — | View 990 |
| 2020 | $408K | $276K | $329K | $41K | — | View 990 |
| 2019 | $494K | $576K | $236K | $79K | — | View 990 |
| 2018 | $436K | $503K | $249K | $10K | — | View 990 |
| 2017 | $634K | $473K | $337K | $31K | — | View 990 |
| 2016 | $390K | $334K | $170K | $25K | — | View 990 |
| 2015 | $321K | $356K | $118K | $29K | — | View 990 |
| 2014 | $0 | $0 | $150K | $25K | — | View 990 |
| 2013 | $123K | $30K | $161K | $38K | — | View 990 |
| 2013 | $488K | $460K | $88K | $58K | — | View 990 |
| 2012 | $442K | $431K | $77K | $74K | — | View 990 |
| 2011 | $528K | $498K | $58K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $641K, expenses of $702K, and assets of $1.1M (revenue +1.4% year-over-year).
- 2022: Revenue of $633K, expenses of $696K, and assets of $397K (revenue +23.9% year-over-year).
- 2021: Revenue of $510K, expenses of $358K, and assets of $450K (revenue +25.2% year-over-year).
- 2020: Revenue of $408K, expenses of $276K, and assets of $329K (revenue -17.5% year-over-year).
- 2019: Revenue of $494K, expenses of $576K, and assets of $236K (revenue +13.2% year-over-year).
- 2018: Revenue of $436K, expenses of $503K, and assets of $249K (revenue -31.2% year-over-year).
- 2017: Revenue of $634K, expenses of $473K, and assets of $337K (revenue +62.4% year-over-year).
- 2016: Revenue of $390K, expenses of $334K, and assets of $170K (revenue +21.7% year-over-year).
- 2015: Revenue of $321K, expenses of $356K, and assets of $118K.
- 2014: Revenue of $0, expenses of $0, and assets of $150K (revenue -100.0% year-over-year).
- 2013: Revenue of $123K, expenses of $30K, and assets of $161K (revenue -74.8% year-over-year).
- 2013: Revenue of $488K, expenses of $460K, and assets of $88K (revenue +10.5% year-over-year).
- 2012: Revenue of $442K, expenses of $431K, and assets of $77K (revenue -16.3% year-over-year).
- 2011: Revenue of $528K, expenses of $498K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cleveland Festival Of Art And Technology Inc:
Data Sources and Methodology
This transparency report for Cleveland Festival Of Art And Technology 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.