Pace Trust For Community Creative Visual Arts
EIN: 310898574 · Louisville, KY
| Metric | Value |
|---|---|
| Total Revenue | $342 |
| Total Expenses | $8K |
| Net Assets | $40K |
Is Pace Trust For Community Creative Visual Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pace Trust For Community Creative Visual Arts
Pace Trust For Community Creative Visual Arts (EIN: 310898574) is a nonprofit organization based in Louisville, KY. The organization reported total revenue of $342 and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pace Trust For Community Creative Visual Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pace Trust For Community Creative Visual Arts is a micro nonprofit that has been operating for 49 years, with 8 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of -23.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $342 |
| Total Expenses | $8K |
| Surplus / Deficit | $-7,544 |
| Total Assets | $45K |
| Total Liabilities | $5K |
| Net Assets | $40K |
| Operating Margin | -2205.8% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 68.2 months |
Financial Health Grade: B
In 2022, Pace Trust For Community Creative Visual Arts reported a deficit of $8K with expenses exceeding revenue, holds 68.2 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2022), Pace Trust For Community Creative Visual Arts's revenue has declined at a compound annual growth rate (CAGR) of -23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -58.0% | -8.3% | -5.4% |
| 2021 | -17.1% | +354.1% | -14.1% |
| 2020 | +10.7% | -66.4% | -29.0% |
| 2016 | -4.6% | -8.5% | -5.8% |
| 2015 | -63.4% | -12.1% | -6.0% |
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 Analysis Pending
AI enrichment for Pace Trust For Community Creative Visual Arts 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 Pace Trust For Community Creative Visual Arts 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.2%.
Frequently Asked Questions about Pace Trust For Community Creative Visual Arts
Is Pace Trust For Community Creative Visual Arts a legitimate charity?
Pace Trust For Community Creative Visual Arts (EIN: 310898574) is a registered tax-exempt nonprofit based in Kentucky. It has 8 years of IRS 990 filings on record. Total revenue: $342. No red flags identified. Financial health grade: B.
How does Pace Trust For Community Creative Visual Arts spend its money?
Pace Trust For Community Creative Visual Arts reported $342 in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pace Trust For Community Creative Visual Arts tax-deductible?
Pace Trust For Community Creative Visual Arts is registered as a tax-exempt nonprofit (EIN: 310898574). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pace Trust For Community Creative Visual Arts located?
Pace Trust For Community Creative Visual Arts is headquartered in Louisville, Kentucky and files with the IRS under EIN 310898574.
How many years of IRS 990 filings does Pace Trust For Community Creative Visual Arts have?
Pace Trust For Community Creative Visual Arts has 8 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 $342 in total revenue.
Filing History
IRS 990 filing history for Pace Trust For Community Creative Visual Arts showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2022), Pace Trust For Community Creative Visual Arts's revenue has declined by 92.7%, moving from $5K to $342. Total assets decreased by 51.4% over the same period, from $92K to $45K. Total functional expenses rose by 35%, from $6K to $8K. In its most recent filing year (2022), Pace Trust For Community Creative Visual Arts reported a deficit of $8K, with expenses exceeding revenue. The organization holds $5K in liabilities against $45K in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $342 | $8K | $45K | $5K | — | — |
| 2021 | $814 | $9K | $47K | $1 | — | View 990 |
| 2020 | $982 | $2K | $55K | $0 | — | View 990 |
| 2016 | $887 | $6K | $78K | $0 | — | View 990 |
| 2015 | $930 | $6K | $82K | $0 | — | View 990 |
| 2014 | $3K | $7K | $88K | $0 | — | View 990 |
| 2013 | $8K | $8K | $92K | $0 | — | View 990 |
| 2012 | $5K | $6K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $342, expenses of $8K, and assets of $45K (revenue -58.0% year-over-year).
- 2021: Revenue of $814, expenses of $9K, and assets of $47K (revenue -17.1% year-over-year).
- 2020: Revenue of $982, expenses of $2K, and assets of $55K (revenue +10.7% year-over-year).
- 2016: Revenue of $887, expenses of $6K, and assets of $78K (revenue -4.6% year-over-year).
- 2015: Revenue of $930, expenses of $6K, and assets of $82K (revenue -63.4% year-over-year).
- 2014: Revenue of $3K, expenses of $7K, and assets of $88K (revenue -66.1% year-over-year).
- 2013: Revenue of $8K, expenses of $8K, and assets of $92K (revenue +61.0% year-over-year).
- 2012: Revenue of $5K, expenses of $6K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pace Trust For Community Creative Visual Arts:
Data Sources and Methodology
This transparency report for Pace Trust For Community Creative Visual Arts 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.