North Raleigh Arts & Creative Theatre
EIN: 421540362 · Raleigh, NC · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $379K |
| Total Expenses | $390K |
| Net Assets | $383K |
Is North Raleigh Arts & Creative Theatre Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Raleigh Arts & Creative Theatre
North Raleigh Arts & Creative Theatre (EIN: 421540362) is a nonprofit organization based in Raleigh, NC, classified under NTEE code A60. The organization reported total revenue of $379K and total assets of $642K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Raleigh Arts & Creative Theatre's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Raleigh Arts & Creative Theatre is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $393K |
| Total Expenses | $390K |
| Surplus / Deficit | +$3K |
| Total Assets | $738K |
| Total Liabilities | $355K |
| Net Assets | $383K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 48.1% |
| Months of Reserves | 22.7 months |
Financial Health Grade: A
In 2024, North Raleigh Arts & Creative Theatre reported a surplus of $3K with revenue exceeding expenses, holds 22.7 months of operating reserves (strong position), has a debt-to-asset ratio of 48.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), North Raleigh Arts & Creative Theatre's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.8% | +12.8% | -6.3% |
| 2023 | +2.8% | +31.0% | +52.9% |
| 2022 | +178.4% | +259.5% | +24.3% |
| 2021 | -44.2% | -51.4% | +11.8% |
| 2020 | -15.8% | -35.4% | +96.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Raleigh Arts & Creative Theatre 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 North Raleigh Arts & Creative Theatre 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.1%.
Frequently Asked Questions about North Raleigh Arts & Creative Theatre
Is North Raleigh Arts & Creative Theatre a legitimate charity?
Based on AI analysis of IRS 990 filings, North Raleigh Arts & Creative Theatre (EIN: 421540362) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Raleigh Arts & Creative Theatre spend its money?
Detailed spending breakdown data is not yet available for North Raleigh Arts & Creative Theatre. Check back for updated IRS 990 analysis.
Are donations to North Raleigh Arts & Creative Theatre tax-deductible?
North Raleigh Arts & Creative Theatre is registered as a tax-exempt nonprofit (EIN: 421540362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Raleigh Arts & Creative Theatre located?
North Raleigh Arts & Creative Theatre is headquartered in Raleigh, North Carolina and files with the IRS under EIN 421540362. It is classified under NTEE code A60.
How many years of IRS 990 filings does North Raleigh Arts & Creative Theatre have?
North Raleigh Arts & Creative Theatre has 14 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 $379K in total revenue.
Filing History
IRS 990 filing history for North Raleigh Arts & Creative Theatre showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), North Raleigh Arts & Creative Theatre's revenue has grown by 205%, moving from $129K to $393K. Total assets increased by 1964.8% over the same period, from $36K to $738K. Total functional expenses rose by 262.3%, from $108K to $390K. In its most recent filing year (2024), North Raleigh Arts & Creative Theatre reported a surplus of $3K, with revenue exceeding expenses. The organization holds $355K in liabilities against $738K in assets (debt-to-asset ratio: 48.1%), resulting in net assets of $383K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $393K | $390K | $738K | $355K | — | — |
| 2023 | $358K | $346K | $788K | $409K | — | — |
| 2022 | $348K | $264K | $515K | $148K | — | View 990 |
| 2021 | $125K | $73K | $415K | $119K | — | — |
| 2020 | $224K | $151K | $371K | $127K | — | — |
| 2019 | $266K | $234K | $188K | $17K | — | View 990 |
| 2018 | $236K | $218K | $131K | $3K | — | View 990 |
| 2017 | $242K | $192K | $113K | $3K | — | View 990 |
| 2016 | $207K | $193K | $60K | $1K | — | View 990 |
| 2015 | $207K | $188K | $49K | $3K | — | View 990 |
| 2014 | $161K | $160K | $30K | $3K | — | View 990 |
| 2013 | $123K | $139K | $27K | $694 | — | View 990 |
| 2012 | $128K | $115K | $50K | $8K | — | View 990 |
| 2011 | $129K | $108K | $36K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $393K, expenses of $390K, and assets of $738K (revenue +9.8% year-over-year).
- 2023: Revenue of $358K, expenses of $346K, and assets of $788K (revenue +2.8% year-over-year).
- 2022: Revenue of $348K, expenses of $264K, and assets of $515K (revenue +178.4% year-over-year).
- 2021: Revenue of $125K, expenses of $73K, and assets of $415K (revenue -44.2% year-over-year).
- 2020: Revenue of $224K, expenses of $151K, and assets of $371K (revenue -15.8% year-over-year).
- 2019: Revenue of $266K, expenses of $234K, and assets of $188K (revenue +12.7% year-over-year).
- 2018: Revenue of $236K, expenses of $218K, and assets of $131K (revenue -2.4% year-over-year).
- 2017: Revenue of $242K, expenses of $192K, and assets of $113K (revenue +17.1% year-over-year).
- 2016: Revenue of $207K, expenses of $193K, and assets of $60K (revenue -0.3% year-over-year).
- 2015: Revenue of $207K, expenses of $188K, and assets of $49K (revenue +28.4% year-over-year).
- 2014: Revenue of $161K, expenses of $160K, and assets of $30K (revenue +30.8% year-over-year).
- 2013: Revenue of $123K, expenses of $139K, and assets of $27K (revenue -3.5% year-over-year).
- 2012: Revenue of $128K, expenses of $115K, and assets of $50K (revenue -0.9% year-over-year).
- 2011: Revenue of $129K, expenses of $108K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Raleigh Arts & Creative Theatre:
Data Sources and Methodology
This transparency report for North Raleigh Arts & Creative Theatre 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.