Kings Canvas Gallery & Studio
EIN: 823708477 · Montgomery, AL · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $333K |
| Total Expenses | $254K |
| Net Assets | $77K |
Is Kings Canvas Gallery & Studio Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kings Canvas Gallery & Studio
Kings Canvas Gallery & Studio (EIN: 823708477) is a nonprofit organization based in Montgomery, AL, classified under NTEE code A99. The organization reported total revenue of $333K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kings Canvas Gallery & Studio's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kings Canvas Gallery & Studio is a small nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 53.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $254K |
| Surplus / Deficit | +$60K |
| Total Assets | $79K |
| Total Liabilities | $2K |
| Net Assets | $77K |
| Operating Margin | 19.1% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Kings Canvas Gallery & Studio reported a surplus of $60K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Kings Canvas Gallery & Studio's revenue has grown at a compound annual growth rate (CAGR) of 53.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.8% | +15.6% | +303.4% |
| 2022 | +2.9% | +7.3% | -58.7% |
| 2021 | +13.8% | +91.9% | -27.1% |
| 2020 | +190.1% | +98.7% | +589.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kings Canvas Gallery & Studio has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kings Canvas Gallery & Studio with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $60K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Kings Canvas Gallery & Studio
Is Kings Canvas Gallery & Studio a legitimate charity?
Kings Canvas Gallery & Studio (EIN: 823708477) is a registered tax-exempt nonprofit based in Alabama. It has 5 years of IRS 990 filings on record. Total revenue: $333K. No red flags identified. Financial health grade: A.
How does Kings Canvas Gallery & Studio spend its money?
Kings Canvas Gallery & Studio reported $333K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kings Canvas Gallery & Studio tax-deductible?
Kings Canvas Gallery & Studio is registered as a tax-exempt nonprofit (EIN: 823708477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kings Canvas Gallery & Studio located?
Kings Canvas Gallery & Studio is headquartered in Montgomery, Alabama and files with the IRS under EIN 823708477. It is classified under NTEE code A99.
How many years of IRS 990 filings does Kings Canvas Gallery & Studio have?
Kings Canvas Gallery & Studio has 5 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 $333K in total revenue.
Filing History
IRS 990 filing history for Kings Canvas Gallery & Studio showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Kings Canvas Gallery & Studio's revenue has grown by 456.5%, moving from $56K to $314K. Total assets increased by 739% over the same period, from $9K to $79K. Total functional expenses rose by 372.8%, from $54K to $254K. In its most recent filing year (2023), Kings Canvas Gallery & Studio reported a surplus of $60K, with revenue exceeding expenses. The organization holds $2K in liabilities against $79K in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $77K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $254K | $79K | $2K | — | View 990 |
| 2022 | $191K | $220K | $20K | $2K | — | View 990 |
| 2021 | $186K | $205K | $48K | $2K | — | View 990 |
| 2020 | $164K | $107K | $65K | $1K | — | View 990 |
| 2019 | $56K | $54K | $9K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $254K, and assets of $79K (revenue +63.8% year-over-year).
- 2022: Revenue of $191K, expenses of $220K, and assets of $20K (revenue +2.9% year-over-year).
- 2021: Revenue of $186K, expenses of $205K, and assets of $48K (revenue +13.8% year-over-year).
- 2020: Revenue of $164K, expenses of $107K, and assets of $65K (revenue +190.1% year-over-year).
- 2019: Revenue of $56K, expenses of $54K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kings Canvas Gallery & Studio:
Data Sources and Methodology
This transparency report for Kings Canvas Gallery & Studio 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.