Franklin Street Arts Collective
Franklin Street Arts Collective shows consistent growth and zero officer compensation, with increasing assets.
EIN: 201121059 · Carrboro, NC · NTEE: A20 · Updated: 2026-03-28
Is Franklin Street Arts Collective Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Street Arts Collective directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Street Arts Collective
Franklin Street Arts Collective (EIN: 201121059) is a nonprofit organization based in Carrboro, NC, classified under NTEE code A20. The organization reported total revenue of $409K and total assets of $172K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Street Arts Collective's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Street Arts Collective is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $240K |
| Surplus / Deficit | +$5K |
| Total Assets | $155K |
| Total Liabilities | $31K |
| Net Assets | $123K |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 20.1% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2022, Franklin Street Arts Collective reported a surplus of $5K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 20.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2022), Franklin Street Arts Collective's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -11.7% | +1.3% | +7.8% |
| 2021 | +41.6% | +31.8% | +54.6% |
| 2020 | -10.0% | -12.3% | +13.2% |
| 2019 | -0.4% | +2.7% | +33.7% |
| 2018 | +33.2% | -1.7% | +23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Franklin Street Arts Collective 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, Franklin Street Arts Collective 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.1%.
Executive Compensation Analysis
Franklin Street Arts Collective consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or very lean executive structure, directing more funds towards its artistic programs.
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 Franklin Street Arts Collective:
- Consistent revenue growth, from $196,430 in 2020 to $245,522 in 2022.
- Steady increase in assets, from $92,705 in 2020 to $154,545 in 2022, indicating financial stability.
- 0% officer compensation reported across all filings, demonstrating a strong commitment to mission-focused spending.
- Expenses generally align with or are slightly below revenue, indicating sound financial management (e.g., 2022: Revenue $245,522, Expenses $240,369).
Frequently Asked Questions about Franklin Street Arts Collective
Is Franklin Street Arts Collective a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Street Arts Collective (EIN: 201121059) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Franklin Street Arts Collective spend its money?
Franklin Street Arts Collective directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin Street Arts Collective tax-deductible?
Franklin Street Arts Collective is registered as a tax-exempt nonprofit (EIN: 201121059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Franklin Street Arts Collective a good charity?
Based on the provided data, Franklin Street Arts Collective appears to be a good charity. It demonstrates consistent revenue growth, increasing assets, and a strong commitment to its mission, as evidenced by 0% officer compensation and a high estimated program spending ratio.
How has Franklin Street Arts Collective's financial health changed over time?
Franklin Street Arts Collective has shown consistent financial growth. Revenue increased from $196,430 in 2020 to $245,522 in 2022, and assets grew from $92,705 in 2020 to $154,545 in 2022, indicating improving financial health and stability.
What is Franklin Street Arts Collective's approach to executive compensation?
Franklin Street Arts Collective reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or that executive roles are not compensated, which allows more funds to be allocated to programs.
Filing History
IRS 990 filing history for Franklin Street Arts Collective showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Franklin Street Arts Collective's revenue has grown by 25.5%, moving from $196K to $246K. Total assets increased by 273.3% over the same period, from $41K to $155K. Total functional expenses rose by 2%, from $236K to $240K. In its most recent filing year (2022), Franklin Street Arts Collective reported a surplus of $5K, with revenue exceeding expenses. The organization holds $31K in liabilities against $155K in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $123K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $246K | $240K | $155K | $31K | — | — |
| 2021 | $278K | $237K | $143K | $25K | — | View 990 |
| 2020 | $196K | $180K | $93K | $15K | — | View 990 |
| 2019 | $218K | $205K | $82K | $21K | — | View 990 |
| 2018 | $219K | $200K | $61K | $14K | — | View 990 |
| 2017 | $165K | $203K | $50K | $22K | — | View 990 |
| 2016 | $196K | $53K | $87K | $21K | — | View 990 |
| 2015 | $270K | $214K | $134K | $211K | — | View 990 |
| 2014 | $176K | $216K | $60K | $192K | — | View 990 |
| 2013 | $236K | $254K | $77K | $164K | — | View 990 |
| 2012 | $171K | $208K | $65K | $132K | — | View 990 |
| 2011 | $201K | $200K | $76K | $65K | — | View 990 |
| 2011 | $196K | $236K | $41K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $246K, expenses of $240K, and assets of $155K (revenue -11.7% year-over-year).
- 2021: Revenue of $278K, expenses of $237K, and assets of $143K (revenue +41.6% year-over-year).
- 2020: Revenue of $196K, expenses of $180K, and assets of $93K (revenue -10.0% year-over-year).
- 2019: Revenue of $218K, expenses of $205K, and assets of $82K (revenue -0.4% year-over-year).
- 2018: Revenue of $219K, expenses of $200K, and assets of $61K (revenue +33.2% year-over-year).
- 2017: Revenue of $165K, expenses of $203K, and assets of $50K (revenue -16.0% year-over-year).
- 2016: Revenue of $196K, expenses of $53K, and assets of $87K (revenue -27.4% year-over-year).
- 2015: Revenue of $270K, expenses of $214K, and assets of $134K (revenue +53.2% year-over-year).
- 2014: Revenue of $176K, expenses of $216K, and assets of $60K (revenue -25.3% year-over-year).
- 2013: Revenue of $236K, expenses of $254K, and assets of $77K (revenue +38.2% year-over-year).
- 2012: Revenue of $171K, expenses of $208K, and assets of $65K (revenue -15.0% year-over-year).
- 2011: Revenue of $201K, expenses of $200K, and assets of $76K (revenue +2.9% year-over-year).
- 2011: Revenue of $196K, expenses of $236K, and assets of $41K.
Data Sources and Methodology
This transparency report for Franklin Street Arts Collective 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.