Drawing Center Inc
Drawing Center Inc. maintains stable assets despite recent operating deficit and reports no officer compensation.
EIN: 132887872 · New York, NY · NTEE: A400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $9.0M |
| Transparency Score | 85/100 |
Is Drawing Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drawing Center Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Drawing Center Inc
Drawing Center Inc (EIN: 132887872) is a nonprofit organization based in New York, NY, classified under NTEE code A400. The organization reported total revenue of $4.0M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drawing Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drawing Center Inc is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-413,167 |
| Total Assets | $10.6M |
| Total Liabilities | $1.6M |
| Net Assets | $9.0M |
| Operating Margin | -13.4% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 36.4 months |
Financial Health Grade: B
In 2023, Drawing Center Inc reported a deficit of $413K with expenses exceeding revenue, holds 36.4 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Drawing Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.7% | +6.2% | -4.5% |
| 2022 | +9.6% | +17.5% | +2.5% |
| 2021 | +25.9% | +8.7% | +2.8% |
| 2020 | +19.7% | +8.4% | +1.7% |
| 2019 | +2.9% | +3.9% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Drawing Center Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Drawing Center Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $413K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, which is highly unusual for an organization of its size with revenues approaching $4 million and assets over $10 million. This suggests either a fully volunteer leadership structure or that executive compensation is categorized differently within the IRS 990, warranting further investigation into how leadership is compensated.
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 Drawing Center Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into executive compensation practices.
- Operating deficit in the most recent 202306 filing, with expenses exceeding revenue by over $400,000.
Strengths
The following positive indicators were identified for Drawing Center Inc:
- Long history of consistent IRS 990 filings (13 periods), demonstrating strong transparency.
- Stable and substantial asset base, consistently over $10 million, providing financial resilience.
- Managed liabilities, typically representing a reasonable proportion of total assets.
- Consistent operation for many years, indicating organizational stability and experience.
Frequently Asked Questions about Drawing Center Inc
Is Drawing Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drawing Center Inc (EIN: 132887872) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Drawing Center Inc spend its money?
Drawing Center Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Drawing Center Inc tax-deductible?
Drawing Center Inc is registered as a tax-exempt nonprofit (EIN: 132887872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Drawing Center Inc CEO make?
Drawing Center Inc's highest-compensated officer earns $4 annually. The organization reported $4.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Drawing Center Inc's spending goes to programs?
Drawing Center Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Drawing Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Drawing Center Inc is above average for NTEE category A400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Drawing Center Inc located?
Drawing Center Inc is headquartered in New York, New York and files with the IRS under EIN 132887872. It is classified under NTEE code A400.
How many years of IRS 990 filings does Drawing Center Inc have?
Drawing Center Inc 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 $4.0M in total revenue.
How does The Drawing Center Inc. sustain its operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size. It suggests either a fully volunteer leadership model, or that compensation for key executives is reported under different expense categories on the IRS 990, or paid by a related entity. Further review of the full 990 forms would be needed to understand the complete compensation structure.
What caused the operating deficit in the 202306 period?
In the 202306 period, The Drawing Center Inc. reported revenues of $3,079,087 against expenses of $3,492,254, resulting in an operating deficit of $413,167. Without detailed expense breakdowns from the full 990, it's difficult to pinpoint the exact cause, but it indicates that expenses outpaced income for that fiscal year.
Is the organization's asset base growing or shrinking?
The organization's asset base has shown some fluctuation but has remained relatively stable over the past decade, generally staying above $10 million. While the latest assets are $10,883,260, this is slightly down from a peak of $12,297,163 in 201406, but up from $10,597,246 in the 202306 period, indicating a relatively consistent financial foundation.
Filing History
IRS 990 filing history for Drawing Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Drawing Center Inc's revenue has declined by 10.1%, moving from $3.4M to $3.1M. Total assets increased by 35.1% over the same period, from $7.8M to $10.6M. Total functional expenses rose by 86%, from $1.9M to $3.5M. In its most recent filing year (2023), Drawing Center Inc reported a deficit of $413K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $10.6M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $9.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.5M | $10.6M | $1.6M | — | View 990 |
| 2022 | $3.7M | $3.3M | $11.1M | $1.7M | — | View 990 |
| 2021 | $3.4M | $2.8M | $10.8M | $1.7M | — | — |
| 2020 | $2.7M | $2.6M | $10.5M | $2.1M | — | View 990 |
| 2019 | $2.2M | $2.4M | $10.4M | $2.0M | — | View 990 |
| 2018 | $2.2M | $2.3M | $10.5M | $2.0M | — | View 990 |
| 2017 | $1.9M | $2.3M | $10.8M | $2.2M | — | View 990 |
| 2016 | $1.9M | $2.2M | $11.1M | $2.2M | — | View 990 |
| 2015 | $2.0M | $2.3M | $11.6M | $2.4M | — | View 990 |
| 2014 | $2.1M | $2.4M | $12.3M | $2.7M | — | View 990 |
| 2013 | $1.6M | $2.0M | $12.6M | $2.8M | — | View 990 |
| 2012 | $5.9M | $1.2M | $13.4M | $3.3M | — | View 990 |
| 2011 | $3.4M | $1.9M | $7.8M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.5M, and assets of $10.6M (revenue -16.7% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.3M, and assets of $11.1M (revenue +9.6% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.8M, and assets of $10.8M (revenue +25.9% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.6M, and assets of $10.5M (revenue +19.7% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.4M, and assets of $10.4M (revenue +2.9% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.3M, and assets of $10.5M (revenue +12.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.3M, and assets of $10.8M (revenue +0.1% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.2M, and assets of $11.1M (revenue -2.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.3M, and assets of $11.6M (revenue -5.1% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.4M, and assets of $12.3M (revenue +30.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $2.0M, and assets of $12.6M (revenue -72.6% year-over-year).
- 2012: Revenue of $5.9M, expenses of $1.2M, and assets of $13.4M (revenue +71.3% year-over-year).
- 2011: Revenue of $3.4M, expenses of $1.9M, and assets of $7.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drawing Center Inc:
Data Sources and Methodology
This transparency report for Drawing Center 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.