Creators Canvas Cancer Research Foundation
Creators Canvas Cancer Research Foundation operates with minimal revenue and persistent liabilities, raising questions about its financial viability.
EIN: 204503048 · Washington, LA · NTEE: G30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $3K |
| Program Spending | 50% |
| Net Assets | $-9,868 |
| Transparency Score | 25/100 |
Is Creators Canvas Cancer Research Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Creators Canvas Cancer Research Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Creators Canvas Cancer Research Foundation
Creators Canvas Cancer Research Foundation (EIN: 204503048) is a nonprofit organization based in Washington, LA, classified under NTEE code G30. The organization reported total revenue of $3K and total assets of $253 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Creators Canvas Cancer Research Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Creators Canvas Cancer Research Foundation is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $3K |
| Surplus / Deficit | $-849 |
| Total Assets | $132 |
| Total Liabilities | $10K |
| Net Assets | $-9,868 |
| Operating Margin | -37.7% |
| Debt-to-Asset Ratio | 7575.8% |
| Months of Reserves | 0.5 months |
Financial Health Grade: D
In 2023, Creators Canvas Cancer Research Foundation reported a deficit of $849 with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 7575.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Creators Canvas Cancer Research Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.8% | +85.6% | -86.5% |
| 2022 | +17.0% | -20.5% | +369.4% |
| 2021 | -7.2% | -27.8% | -5.9% |
| 2020 | -65.9% | -61.1% | -74.9% |
| 2019 | +19.0% | +55.0% | -50.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Creators Canvas Cancer Research Foundation with a Mission Score of 25 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Creators Canvas Cancer Research Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $849, with expenses exceeding revenue.
- Debt-to-asset ratio: 7575.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are not paid, which is commendable for an organization of this size.
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 Creators Canvas Cancer Research Foundation's IRS 990 filings:
- Consistent and significant liabilities ($10,000) far exceeding assets and revenue.
- Frequent operating deficits where expenses exceed revenue (e.g., 202312, 202012).
- Extremely low revenue and asset base, limiting programmatic impact.
- Lack of growth in financial capacity over a long filing history (13 filings).
Strengths
The following positive indicators were identified for Creators Canvas Cancer Research Foundation:
- Zero officer compensation reported across all filings, indicating volunteer leadership.
Frequently Asked Questions about Creators Canvas Cancer Research Foundation
Is Creators Canvas Cancer Research Foundation a legitimate charity?
Creators Canvas Cancer Research Foundation (EIN: 204503048) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 25/100. It has 13 years of IRS 990 filings on record. Total revenue: $3K. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Creators Canvas Cancer Research Foundation spend its money?
Creators Canvas Cancer Research Foundation directs 50% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Creators Canvas Cancer Research Foundation tax-deductible?
Creators Canvas Cancer Research Foundation is registered as a tax-exempt nonprofit (EIN: 204503048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Creators Canvas Cancer Research Foundation's spending goes to programs?
Creators Canvas Cancer Research Foundation directs 50% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Creators Canvas Cancer Research Foundation compare to similar nonprofits?
With a transparency score of 25/100 (Poor), Creators Canvas Cancer Research Foundation is below average for NTEE category G30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Creators Canvas Cancer Research Foundation located?
Creators Canvas Cancer Research Foundation is headquartered in Washington, Louisiana and files with the IRS under EIN 204503048. It is classified under NTEE code G30.
How many years of IRS 990 filings does Creators Canvas Cancer Research Foundation have?
Creators Canvas Cancer Research Foundation 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 $3K in total revenue.
Is Creators Canvas Cancer Research Foundation financially sustainable?
The organization's financial sustainability is highly questionable. With current assets of $253 and consistent liabilities of $10,000, its liabilities far exceed its assets and annual revenue, indicating a precarious financial position.
What is the nature of the $10,000 in liabilities consistently reported?
The consistent reporting of $10,000 in liabilities across all filings, despite fluctuating revenues and expenses, warrants further investigation. It could represent a long-term debt, a misclassified obligation, or an ongoing financial burden that significantly impacts the organization's net assets.
How effectively can the organization pursue its mission with such limited funding?
With annual revenues consistently below $7,000 and often below $3,000, the organization's capacity to conduct meaningful cancer research or significant programmatic activities is severely constrained. Its impact is likely very limited given its financial scale.
Why are expenses often higher than revenue?
In several periods, such as 202312 (Expenses=$3,100, Revenue=$2,251) and 202012 (Expenses=$2,910, Revenue=$2,249), the organization's expenses exceeded its revenue, leading to operating deficits. This trend, combined with low assets, suggests reliance on past reserves (if any) or external support not reflected in revenue, or a continuous depletion of resources.
Filing History
IRS 990 filing history for Creators Canvas Cancer Research Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Creators Canvas Cancer Research Foundation's revenue has grown by 41.1%, moving from $2K to $2K. Total assets increased by 10.9% over the same period, from $119 to $132. Total functional expenses rose by 16.9%, from $3K to $3K. In its most recent filing year (2023), Creators Canvas Cancer Research Foundation reported a deficit of $849, with expenses exceeding revenue. The organization holds $10K in liabilities against $132 in assets (debt-to-asset ratio: 7575.8%), resulting in net assets of $-9,868.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $3K | $132 | $10K | — | — |
| 2022 | $2K | $2K | $981 | $10K | — | View 990 |
| 2021 | $2K | $2K | $209 | $10K | — | — |
| 2020 | $2K | $3K | $222 | $10K | — | View 990 |
| 2019 | $7K | $7K | $883 | $10K | — | View 990 |
| 2018 | $6K | $5K | $2K | $10K | — | View 990 |
| 2017 | $3K | $3K | $1K | $10K | — | View 990 |
| 2016 | $4K | $4K | $880 | $10K | — | View 990 |
| 2015 | $4K | $3K | $599 | $10K | — | View 990 |
| 2014 | $3K | $4K | $277 | $10K | — | View 990 |
| 2013 | $4K | $4K | $995 | $10K | — | View 990 |
| 2012 | $4K | $3K | $1K | $10K | — | View 990 |
| 2011 | $2K | $3K | $119 | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $3K, and assets of $132 (revenue -7.8% year-over-year).
- 2022: Revenue of $2K, expenses of $2K, and assets of $981 (revenue +17.0% year-over-year).
- 2021: Revenue of $2K, expenses of $2K, and assets of $209 (revenue -7.2% year-over-year).
- 2020: Revenue of $2K, expenses of $3K, and assets of $222 (revenue -65.9% year-over-year).
- 2019: Revenue of $7K, expenses of $7K, and assets of $883 (revenue +19.0% year-over-year).
- 2018: Revenue of $6K, expenses of $5K, and assets of $2K (revenue +83.1% year-over-year).
- 2017: Revenue of $3K, expenses of $3K, and assets of $1K (revenue -30.3% year-over-year).
- 2016: Revenue of $4K, expenses of $4K, and assets of $880 (revenue +16.1% year-over-year).
- 2015: Revenue of $4K, expenses of $3K, and assets of $599 (revenue +18.3% year-over-year).
- 2014: Revenue of $3K, expenses of $4K, and assets of $277 (revenue -17.8% year-over-year).
- 2013: Revenue of $4K, expenses of $4K, and assets of $995 (revenue -11.2% year-over-year).
- 2012: Revenue of $4K, expenses of $3K, and assets of $1K (revenue +171.6% year-over-year).
- 2011: Revenue of $2K, expenses of $3K, and assets of $119.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Creators Canvas Cancer Research Foundation:
Data Sources and Methodology
This transparency report for Creators Canvas Cancer Research 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.