Cure Of Ars Foundation
Cure Of Ars Foundation faces sustained operating deficits and declining assets despite zero officer compensation.
EIN: 205913880 · Parkville, MD · NTEE: T20 · Updated: 2026-03-28
Is Cure Of Ars Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cure Of Ars Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cure Of Ars Foundation
Cure Of Ars Foundation (EIN: 205913880) is a nonprofit organization based in Parkville, MD, classified under NTEE code T20. The organization reported total revenue of $192K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cure Of Ars Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cure Of Ars Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Cure Of Ars Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization with over $2 million in assets and consistent expenses.
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 Cure Of Ars Foundation's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $111,200 in 2023, $134,278 in 2022).
- Declining asset base over recent years (from $2,734,583 in 2019 to $2,219,742 in 2023).
- Unusually low and consistent reported liabilities of $1.
- Lack of detailed program expense breakdown in available data, making impact assessment difficult.
- Revenue has significantly decreased from earlier periods (e.g., $513,283 in 2012) to recent years (e.g., $61,208 in 2023).
Strengths
The following positive indicators were identified for Cure Of Ars Foundation:
- Zero officer compensation reported across all filings, indicating no direct salary costs for leadership.
- Maintains a substantial asset base of over $2.2 million, providing some financial cushion despite deficits.
Frequently Asked Questions about Cure Of Ars Foundation
Is Cure Of Ars Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cure Of Ars Foundation (EIN: 205913880) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does Cure Of Ars Foundation spend its money?
Cure Of Ars Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cure Of Ars Foundation tax-deductible?
Cure Of Ars Foundation is registered as a tax-exempt nonprofit (EIN: 205913880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Cure Of Ars Foundation cover its significant annual operating deficits, such as the $111,200 deficit in 2023?
The consistent operating deficits suggest the organization is drawing down its asset base to cover expenses, as evidenced by the decline in assets from $2,734,583 in 2019 to $2,219,742 in 2023.
What are the specific programs Cure Of Ars Foundation funds, given its NTEE code T20 and consistent expenses?
The NTEE code T20 indicates 'Religious Organizations, Nec,' but the filings do not provide a detailed breakdown of program service accomplishments or specific activities funded by the consistent expenses, making it difficult to assess program impact.
Why are liabilities consistently reported as $1 in recent filings?
The consistent reporting of $1 in liabilities is an unusual accounting practice that could indicate a nominal placeholder or a lack of significant financial obligations, but it warrants clarification for full transparency.
What is the long-term financial strategy for Cure Of Ars Foundation given its declining revenue and assets?
The filings do not disclose a specific long-term financial strategy, but the trend of declining revenue and assets suggests a need for a robust plan to ensure sustainability and continued operations.
Filing History
IRS 990 filing history for Cure Of Ars Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cure Of Ars Foundation's revenue has declined by 55.5%, moving from $137K to $61K. Total assets increased by 393.2% over the same period, from $450K to $2.2M. Total functional expenses rose by 1131.1%, from $14K to $172K. In its most recent filing year (2023), Cure Of Ars Foundation reported a deficit of $111K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $172K | $2.2M | $1 | — | View 990 |
| 2022 | $38K | $172K | $2.3M | $1 | — | View 990 |
| 2021 | $27K | $166K | $2.5M | $1 | — | View 990 |
| 2020 | $12K | $142K | $2.6M | $1 | — | — |
| 2019 | $473K | $107K | $2.7M | $0 | — | View 990 |
| 2015 | $55K | $62K | $1.4M | $0 | — | View 990 |
| 2014 | $305K | $45K | $1.4M | $0 | — | View 990 |
| 2013 | $213K | $17K | $1.1M | $0 | — | View 990 |
| 2012 | $513K | $26K | $937K | $0 | — | View 990 |
| 2011 | $137K | $14K | $450K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $172K, and assets of $2.2M (revenue +62.1% year-over-year).
- 2022: Revenue of $38K, expenses of $172K, and assets of $2.3M (revenue +41.4% year-over-year).
- 2021: Revenue of $27K, expenses of $166K, and assets of $2.5M (revenue +126.5% year-over-year).
- 2020: Revenue of $12K, expenses of $142K, and assets of $2.6M (revenue -97.5% year-over-year).
- 2019: Revenue of $473K, expenses of $107K, and assets of $2.7M (revenue +754.4% year-over-year).
- 2015: Revenue of $55K, expenses of $62K, and assets of $1.4M (revenue -81.9% year-over-year).
- 2014: Revenue of $305K, expenses of $45K, and assets of $1.4M (revenue +43.1% year-over-year).
- 2013: Revenue of $213K, expenses of $17K, and assets of $1.1M (revenue -58.4% year-over-year).
- 2012: Revenue of $513K, expenses of $26K, and assets of $937K (revenue +273.4% year-over-year).
- 2011: Revenue of $137K, expenses of $14K, and assets of $450K.
Data Sources and Methodology
This transparency report for Cure Of Ars 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.