Divan Cultural Center
Divan Cultural Center shows consistent revenue growth and strong asset base with no reported officer compensation.
EIN: 202346565 · Cary, NC · NTEE: A23 · Updated: 2026-03-28
Is Divan Cultural Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Divan Cultural Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Divan Cultural Center
Divan Cultural Center (EIN: 202346565) is a nonprofit organization based in Cary, NC, classified under NTEE code A23. The organization reported total revenue of $957K and total assets of $735K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Divan Cultural Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Divan Cultural Center is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $489K |
| Total Expenses | $440K |
| Surplus / Deficit | +$50K |
| Total Assets | $727K |
| Total Liabilities | $85K |
| Net Assets | $642K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Divan Cultural Center reported a surplus of $50K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Divan Cultural Center's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.8% | +30.9% | +22.9% |
| 2022 | +111.5% | +135.1% | +2.0% |
| 2021 | +17.9% | +7.9% | +1996.3% |
| 2020 | +20.0% | +4.1% | -95.6% |
| 2019 | +56.2% | +86.9% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| 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 Divan Cultural Center with a Mission Score of 90 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Divan Cultural Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Divan Cultural Center:
- Consistent revenue growth, from $78,268 in 2018 to $489,429 in 2023.
- Strong asset base ($727,246 in 2023) significantly exceeding liabilities ($85,310 in 2023).
- 0% reported officer compensation across all available filings, indicating efficient resource allocation.
- Expenses consistently lower than revenue, allowing for asset accumulation and financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Divan Cultural Center
Is Divan Cultural Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Divan Cultural Center (EIN: 202346565) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Divan Cultural Center spend its money?
Divan Cultural Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Divan Cultural Center tax-deductible?
Divan Cultural Center is registered as a tax-exempt nonprofit (EIN: 202346565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Divan Cultural Center a good charity?
Based on the available financial data, Divan Cultural Center appears to be a good charity. It demonstrates strong financial health with growing revenue, a solid asset base, and no reported officer compensation, suggesting efficient use of funds for its mission.
How has Divan Cultural Center's revenue trended over time?
Divan Cultural Center has shown a strong upward trend in revenue, increasing from $78,268 in 2018 to $489,429 in 2023, indicating growing support and activity.
What is the organization's financial stability?
The organization exhibits strong financial stability, with assets of $727,246 significantly outweighing liabilities of $85,310 in 2023, and a history of maintaining a healthy asset-to-liability ratio.
Filing History
IRS 990 filing history for Divan Cultural Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Divan Cultural Center's revenue has grown by 365.4%, moving from $105K to $489K. Total assets increased by 12552.2% over the same period, from $6K to $727K. Total functional expenses rose by 339.2%, from $100K to $440K. In its most recent filing year (2023), Divan Cultural Center reported a surplus of $50K, with revenue exceeding expenses. The organization holds $85K in liabilities against $727K in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $642K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $489K | $440K | $727K | $85K | — | — |
| 2022 | $366K | $336K | $592K | $68K | — | View 990 |
| 2021 | $173K | $143K | $580K | $86K | — | View 990 |
| 2020 | $147K | $132K | $28K | $13K | — | View 990 |
| 2019 | $122K | $127K | $631K | $35K | — | View 990 |
| 2018 | $78K | $68K | $632K | $30K | — | View 990 |
| 2017 | $97K | $93K | $704K | $112K | — | View 990 |
| 2016 | $182K | $155K | $722K | $139K | — | View 990 |
| 2015 | $278K | $167K | $736K | $258K | — | View 990 |
| 2014 | $285K | $207K | $423K | $312K | — | View 990 |
| 2013 | $526K | $534K | $26K | $0 | — | View 990 |
| 2012 | $187K | $158K | $34K | $0 | — | View 990 |
| 2011 | $105K | $100K | $6K | $310 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $489K, expenses of $440K, and assets of $727K (revenue +33.8% year-over-year).
- 2022: Revenue of $366K, expenses of $336K, and assets of $592K (revenue +111.5% year-over-year).
- 2021: Revenue of $173K, expenses of $143K, and assets of $580K (revenue +17.9% year-over-year).
- 2020: Revenue of $147K, expenses of $132K, and assets of $28K (revenue +20.0% year-over-year).
- 2019: Revenue of $122K, expenses of $127K, and assets of $631K (revenue +56.2% year-over-year).
- 2018: Revenue of $78K, expenses of $68K, and assets of $632K (revenue -19.5% year-over-year).
- 2017: Revenue of $97K, expenses of $93K, and assets of $704K (revenue -46.7% year-over-year).
- 2016: Revenue of $182K, expenses of $155K, and assets of $722K (revenue -34.5% year-over-year).
- 2015: Revenue of $278K, expenses of $167K, and assets of $736K (revenue -2.4% year-over-year).
- 2014: Revenue of $285K, expenses of $207K, and assets of $423K (revenue -45.8% year-over-year).
- 2013: Revenue of $526K, expenses of $534K, and assets of $26K (revenue +181.7% year-over-year).
- 2012: Revenue of $187K, expenses of $158K, and assets of $34K (revenue +77.7% year-over-year).
- 2011: Revenue of $105K, expenses of $100K, and assets of $6K.
Data Sources and Methodology
This transparency report for Divan Cultural Center 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.