Elm Street Cultural Arts Village Inc
Elm Street Cultural Arts Village Inc shows strong asset growth and consistent revenue increases with no reported officer compensation.
EIN: 10634062 · Woodstock, GA · NTEE: A65 · Updated: 2026-03-27
Is Elm Street Cultural Arts Village Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elm Street Cultural Arts Village Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elm Street Cultural Arts Village Inc
Elm Street Cultural Arts Village Inc (EIN: 10634062) is a nonprofit organization based in Woodstock, GA, classified under NTEE code A65. The organization reported total revenue of $1.8M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elm Street Cultural Arts Village Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elm Street Cultural Arts Village Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-29,281 |
| Total Assets | $1.8M |
| Total Liabilities | $144K |
| Net Assets | $1.6M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 8.1% |
| Months of Reserves | 11.1 months |
Financial Health Grade: B
In 2023, Elm Street Cultural Arts Village Inc reported a deficit of $29K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elm Street Cultural Arts Village Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.5% | +31.6% | +3.3% |
| 2022 | -1.4% | +86.5% | +4.6% |
| 2021 | +114.2% | +18.9% | +71.2% |
| 2020 | -11.2% | -4.3% | +12.4% |
| 2019 | -7.3% | -1.0% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Elm Street Cultural Arts Village Inc 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, Elm Street Cultural Arts Village Inc 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 deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this size and revenue ($1.8M+).
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 Elm Street Cultural Arts Village Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization with significant revenue, which warrants further inquiry into executive compensation practices.
Strengths
The following positive indicators were identified for Elm Street Cultural Arts Village Inc:
- Strong and consistent revenue growth over the past decade, from $372,036 in 2014 to $1,887,658 in 2023.
- Significant asset growth, increasing from $361,034 in 2014 to $1,774,604 in 2023.
- Healthy asset-to-liability ratio, indicating strong financial stability (e.g., 12.35:1 in 2023).
- Consistent filing of IRS 990 forms over 13 periods, demonstrating transparency.
- Positive net assets and surpluses in most years, contributing to long-term financial health.
Frequently Asked Questions about Elm Street Cultural Arts Village Inc
Is Elm Street Cultural Arts Village Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elm Street Cultural Arts Village Inc (EIN: 10634062) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Elm Street Cultural Arts Village Inc spend its money?
Elm Street Cultural Arts Village Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elm Street Cultural Arts Village Inc tax-deductible?
Elm Street Cultural Arts Village Inc is registered as a tax-exempt nonprofit (EIN: 10634062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Elm Street Cultural Arts Village Inc a good charity?
Based on the available financial data, Elm Street Cultural Arts Village Inc appears to be a well-managed charity with strong financial health, consistent growth, and a clear commitment to directing resources towards its mission, evidenced by significant asset growth and no reported officer compensation.
How has the organization's revenue grown over time?
Elm Street Cultural Arts Village Inc has experienced substantial revenue growth, increasing from $372,036 in 2014 to $1,887,658 in 2023, representing over a 400% increase in less than a decade.
What is the organization's asset-to-liability ratio?
In the latest filing (202307), the organization has assets of $1,774,604 and liabilities of $143,650, resulting in a healthy asset-to-liability ratio of approximately 12.35:1, indicating strong financial solvency.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with nearly $2 million in annual revenue. This could mean that officers are volunteers, compensated through a different category not captured as 'officer compensation' on the 990, or that the organization has a unique compensation structure. Further investigation into their specific compensation practices would be beneficial for full transparency.
Filing History
IRS 990 filing history for Elm Street Cultural Arts Village Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elm Street Cultural Arts Village Inc's revenue has grown by 1038.2%, moving from $166K to $1.9M. Total assets increased by 3251.7% over the same period, from $53K to $1.8M. Total functional expenses rose by 1570.1%, from $115K to $1.9M. In its most recent filing year (2023), Elm Street Cultural Arts Village Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $144K in liabilities against $1.8M in assets (debt-to-asset ratio: 8.1%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $1.8M | $144K | — | — |
| 2022 | $1.5M | $1.5M | $1.7M | $58K | — | View 990 |
| 2021 | $1.5M | $781K | $1.6M | $19K | — | View 990 |
| 2020 | $706K | $657K | $960K | $68K | — | View 990 |
| 2019 | $795K | $686K | $855K | $12K | — | View 990 |
| 2018 | $858K | $693K | $698K | $19K | — | View 990 |
| 2017 | $528K | $550K | $519K | $5K | — | View 990 |
| 2016 | $589K | $428K | $545K | $9K | — | View 990 |
| 2015 | $340K | $321K | $379K | $3K | — | View 990 |
| 2014 | $372K | $348K | $361K | $4K | — | View 990 |
| 2013 | $534K | $225K | $342K | $8K | — | View 990 |
| 2012 | $116K | $126K | $35K | $10K | — | View 990 |
| 2011 | $166K | $115K | $53K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $1.8M (revenue +26.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.7M (revenue -1.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $781K, and assets of $1.6M (revenue +114.2% year-over-year).
- 2020: Revenue of $706K, expenses of $657K, and assets of $960K (revenue -11.2% year-over-year).
- 2019: Revenue of $795K, expenses of $686K, and assets of $855K (revenue -7.3% year-over-year).
- 2018: Revenue of $858K, expenses of $693K, and assets of $698K (revenue +62.6% year-over-year).
- 2017: Revenue of $528K, expenses of $550K, and assets of $519K (revenue -10.4% year-over-year).
- 2016: Revenue of $589K, expenses of $428K, and assets of $545K (revenue +73.1% year-over-year).
- 2015: Revenue of $340K, expenses of $321K, and assets of $379K (revenue -8.6% year-over-year).
- 2014: Revenue of $372K, expenses of $348K, and assets of $361K (revenue -30.3% year-over-year).
- 2013: Revenue of $534K, expenses of $225K, and assets of $342K (revenue +358.7% year-over-year).
- 2012: Revenue of $116K, expenses of $126K, and assets of $35K (revenue -29.9% year-over-year).
- 2011: Revenue of $166K, expenses of $115K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elm Street Cultural Arts Village Inc:
Data Sources and Methodology
This transparency report for Elm Street Cultural Arts Village 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.