Craven Arts Council And Gallery Inc
EIN: 581404792 · New Bern, NC · NTEE: A26Z
Is Craven Arts Council And Gallery Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Craven Arts Council And Gallery Inc
Craven Arts Council And Gallery Inc (EIN: 581404792) is a nonprofit organization based in New Bern, NC, classified under NTEE code A26Z. The organization reported total revenue of $342K and total assets of $568K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Craven Arts Council And Gallery Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Craven Arts Council And Gallery Inc is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $274K |
| Total Expenses | $296K |
| Surplus / Deficit | $-21,875 |
| Total Assets | $529K |
| Total Liabilities | $148K |
| Net Assets | $381K |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 28.0% |
| Months of Reserves | 21.4 months |
Financial Health Grade: B
In 2023, Craven Arts Council And Gallery Inc reported a deficit of $22K with expenses exceeding revenue, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 28.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Craven Arts Council And Gallery Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +21.9% | -2.4% |
| 2022 | -34.2% | -16.4% | -6.5% |
| 2021 | +51.1% | +29.5% | +46.4% |
| 2020 | +22.8% | +10.2% | +6.7% |
| 2019 | +8.6% | -4.5% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Craven Arts Council And Gallery Inc 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 Craven Arts Council And Gallery Inc 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 $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.0%.
Frequently Asked Questions about Craven Arts Council And Gallery Inc
Is Craven Arts Council And Gallery Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Craven Arts Council And Gallery Inc (EIN: 581404792) insufficient data. 0 red flags identified, 0 strengths noted.
How does Craven Arts Council And Gallery Inc spend its money?
Detailed spending breakdown data is not yet available for Craven Arts Council And Gallery Inc. Check back for updated IRS 990 analysis.
Are donations to Craven Arts Council And Gallery Inc tax-deductible?
Craven Arts Council And Gallery Inc is registered as a tax-exempt nonprofit (EIN: 581404792). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Craven Arts Council And Gallery Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Craven Arts Council And Gallery Inc's revenue has declined by 6.1%, moving from $292K to $274K. Total assets increased by 80% over the same period, from $294K to $529K. Total functional expenses rose by 37.5%, from $215K to $296K. In its most recent filing year (2023), Craven Arts Council And Gallery Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $148K in liabilities against $529K in assets (debt-to-asset ratio: 28.0%), resulting in net assets of $381K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $274K | $296K | $529K | $148K | — | — |
| 2022 | $227K | $243K | $542K | $140K | — | View 990 |
| 2021 | $345K | $291K | $580K | $162K | — | — |
| 2020 | $229K | $225K | $396K | $33K | — | View 990 |
| 2019 | $186K | $204K | $372K | $12K | — | View 990 |
| 2018 | $171K | $213K | $384K | $7K | — | View 990 |
| 2017 | $176K | $206K | $424K | $5K | — | View 990 |
| 2016 | $215K | $202K | $454K | $6K | — | View 990 |
| 2015 | $216K | $180K | $440K | $5K | — | View 990 |
| 2014 | $279K | $195K | $403K | $4K | — | View 990 |
| 2013 | $234K | $189K | $322K | $6K | — | View 990 |
| 2012 | $198K | $206K | $281K | $10K | — | View 990 |
| 2011 | $292K | $215K | $294K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $274K, expenses of $296K, and assets of $529K (revenue +20.7% year-over-year).
- 2022: Revenue of $227K, expenses of $243K, and assets of $542K (revenue -34.2% year-over-year).
- 2021: Revenue of $345K, expenses of $291K, and assets of $580K (revenue +51.1% year-over-year).
- 2020: Revenue of $229K, expenses of $225K, and assets of $396K (revenue +22.8% year-over-year).
- 2019: Revenue of $186K, expenses of $204K, and assets of $372K (revenue +8.6% year-over-year).
- 2018: Revenue of $171K, expenses of $213K, and assets of $384K (revenue -2.8% year-over-year).
- 2017: Revenue of $176K, expenses of $206K, and assets of $424K (revenue -18.2% year-over-year).
- 2016: Revenue of $215K, expenses of $202K, and assets of $454K (revenue -0.4% year-over-year).
- 2015: Revenue of $216K, expenses of $180K, and assets of $440K (revenue -22.3% year-over-year).
- 2014: Revenue of $279K, expenses of $195K, and assets of $403K (revenue +19.2% year-over-year).
- 2013: Revenue of $234K, expenses of $189K, and assets of $322K (revenue +18.0% year-over-year).
- 2012: Revenue of $198K, expenses of $206K, and assets of $281K (revenue -32.2% year-over-year).
- 2011: Revenue of $292K, expenses of $215K, and assets of $294K.
Data Sources and Methodology
This transparency report for Craven Arts Council And Gallery 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.