Compass College Of Cinematic Arts
EIN: 383336473 · Grand Rapids, MI · NTEE: A31
| Metric | Value |
|---|---|
| Total Revenue | $381K |
| Total Expenses | $2.7M |
| Net Assets | $2.4M |
Is Compass College Of Cinematic Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Compass College Of Cinematic Arts
Compass College Of Cinematic Arts (EIN: 383336473) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code A31. The organization reported total revenue of $381K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Compass College Of Cinematic Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Compass College Of Cinematic Arts is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-938,720 |
| Total Assets | $2.5M |
| Total Liabilities | $77K |
| Net Assets | $2.4M |
| Operating Margin | -54.3% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2023, Compass College Of Cinematic Arts reported a deficit of $939K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Compass College Of Cinematic Arts's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.7% | +0.1% | -27.1% |
| 2022 | +18.3% | +38.5% | -3.8% |
| 2021 | +22.5% | +9.0% | +13.1% |
| 2020 | -12.2% | -17.6% | -2.1% |
| 2019 | -17.0% | -11.0% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Compass College Of Cinematic Arts 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 Compass College Of Cinematic Arts 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 $939K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Frequently Asked Questions about Compass College Of Cinematic Arts
Is Compass College Of Cinematic Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Compass College Of Cinematic Arts (EIN: 383336473) insufficient data. 0 red flags identified, 0 strengths noted.
How does Compass College Of Cinematic Arts spend its money?
Detailed spending breakdown data is not yet available for Compass College Of Cinematic Arts. Check back for updated IRS 990 analysis.
Are donations to Compass College Of Cinematic Arts tax-deductible?
Compass College Of Cinematic Arts is registered as a tax-exempt nonprofit (EIN: 383336473). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Compass College Of Cinematic Arts located?
Compass College Of Cinematic Arts is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 383336473. It is classified under NTEE code A31.
How many years of IRS 990 filings does Compass College Of Cinematic Arts have?
Compass College Of Cinematic Arts 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 $381K in total revenue.
Filing History
IRS 990 filing history for Compass College Of Cinematic Arts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Compass College Of Cinematic Arts's revenue has grown by 96.8%, moving from $878K to $1.7M. Total assets increased by 236% over the same period, from $733K to $2.5M. Total functional expenses rose by 244.3%, from $774K to $2.7M. In its most recent filing year (2023), Compass College Of Cinematic Arts reported a deficit of $939K, with expenses exceeding revenue. The organization holds $77K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.7M | $2.5M | $77K | — | View 990 |
| 2022 | $2.6M | $2.7M | $3.4M | $53K | — | View 990 |
| 2021 | $2.2M | $1.9M | $3.5M | $167K | — | View 990 |
| 2020 | $1.8M | $1.8M | $3.1M | $71K | — | View 990 |
| 2019 | $2.1M | $2.1M | $3.2M | $200K | — | View 990 |
| 2018 | $2.5M | $2.4M | $3.1M | $70K | — | View 990 |
| 2017 | $2.6M | $1.8M | $3.0M | $113K | — | View 990 |
| 2016 | $2.2M | $1.7M | $2.4M | $249K | — | View 990 |
| 2015 | $2.0M | $1.6M | $1.9M | $281K | — | View 990 |
| 2014 | $826K | $637K | $1.5M | $254K | — | View 990 |
| 2013 | $1.2M | $1.1M | $1.4M | $352K | — | View 990 |
| 2012 | $1.4M | $888K | $1.3M | $360K | — | View 990 |
| 2011 | $878K | $774K | $733K | $334K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.7M, and assets of $2.5M (revenue -34.7% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.7M, and assets of $3.4M (revenue +18.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.9M, and assets of $3.5M (revenue +22.5% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.8M, and assets of $3.1M (revenue -12.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $3.2M (revenue -17.0% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $3.1M (revenue -1.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $1.8M, and assets of $3.0M (revenue +14.7% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.7M, and assets of $2.4M (revenue +9.4% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.6M, and assets of $1.9M (revenue +146.7% year-over-year).
- 2014: Revenue of $826K, expenses of $637K, and assets of $1.5M (revenue -31.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue -16.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $888K, and assets of $1.3M (revenue +65.1% year-over-year).
- 2011: Revenue of $878K, expenses of $774K, and assets of $733K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Compass College Of Cinematic Arts:
Data Sources and Methodology
This transparency report for Compass College Of Cinematic Arts 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.