Redux Contemporary Art Center
Redux Contemporary Art Center shows consistent revenue growth and improved financial stability with no reported officer compensation.
EIN: 20633345 · Charleston, SC · NTEE: A40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $509K |
| Total Expenses | $649K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $700,000 |
| Net Assets | $115K |
| Transparency Score | 90/100 |
Is Redux Contemporary Art Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Redux Contemporary Art Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Redux Contemporary Art Center
Redux Contemporary Art Center (EIN: 20633345) is a nonprofit organization based in Charleston, SC, classified under NTEE code A40. The organization reported total revenue of $509K and total assets of $223K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Redux Contemporary Art Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Redux Contemporary Art Center is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $711K |
| Total Expenses | $649K |
| Surplus / Deficit | +$62K |
| Total Assets | $235K |
| Total Liabilities | $120K |
| Net Assets | $115K |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 51.2% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Redux Contemporary Art Center reported a surplus of $62K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 51.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Redux Contemporary Art Center's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +6.1% | +1.0% |
| 2022 | +2.2% | +8.6% | -0.6% |
| 2021 | +70.9% | +54.6% | +13.8% |
| 2020 | -34.8% | -37.3% | -6.9% |
| 2019 | +15.0% | +15.3% | -17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Redux Contemporary Art Center 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, Redux Contemporary Art Center 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 surplus of $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.2%.
Executive Compensation Analysis
Redux Contemporary Art Center consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator, suggesting that all funds are directed towards the organization's mission and operational costs, especially commendable for an organization with revenues exceeding $700,000 in its latest period.
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 Redux Contemporary Art Center:
- Consistent revenue growth, from $175,101 in 2014 to $711,175 in 2023.
- Positive net income in most recent years, indicating sustainable operations (e.g., $62,059 surplus in 2023).
- Zero reported officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
- Significant reduction in liabilities from $228,906 in 2020 to $120,349 in 2023, improving financial stability.
- Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
Frequently Asked Questions about Redux Contemporary Art Center
Is Redux Contemporary Art Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Redux Contemporary Art Center (EIN: 20633345) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Redux Contemporary Art Center spend its money?
Redux Contemporary Art Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Redux Contemporary Art Center tax-deductible?
Redux Contemporary Art Center is registered as a tax-exempt nonprofit (EIN: 20633345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Redux Contemporary Art Center CEO make?
Redux Contemporary Art Center's highest-compensated officer earns $700,000 annually. The organization reported $509K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Redux Contemporary Art Center's spending goes to programs?
Redux Contemporary Art Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Redux Contemporary Art Center compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Redux Contemporary Art Center is above average for NTEE category A40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Redux Contemporary Art Center located?
Redux Contemporary Art Center is headquartered in Charleston, South Carolina and files with the IRS under EIN 20633345. It is classified under NTEE code A40.
How many years of IRS 990 filings does Redux Contemporary Art Center have?
Redux Contemporary Art Center has 13 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 $509K in total revenue.
Is Redux Contemporary Art Center a good charity?
Based on the available financial data, Redux Contemporary Art Center appears to be a good charity. It consistently generates more revenue than expenses, has growing assets, decreasing liabilities, and reports 0% officer compensation, all indicating strong financial health and a commitment to its mission.
How has Redux Contemporary Art Center's financial health changed over time?
Redux Contemporary Art Center has shown significant improvement in financial health. Revenue has grown from $175,101 in 2014 to $711,175 in 2023. Assets have increased from $14,232 in 2014 to $234,992 in 2023, and liabilities have decreased substantially from $228,906 in 2020 to $120,349 in 2023, indicating enhanced stability.
Does Redux Contemporary Art Center spend efficiently?
Yes, the organization appears to spend efficiently. It consistently operates with a surplus (e.g., $62,059 in 2023) and reports no officer compensation, suggesting that resources are managed effectively to support its programs and operations.
Filing History
IRS 990 filing history for Redux Contemporary Art Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Redux Contemporary Art Center's revenue has grown by 89.1%, moving from $376K to $711K. Total assets increased by 435.7% over the same period, from $44K to $235K. Total functional expenses rose by 59.8%, from $406K to $649K. In its most recent filing year (2023), Redux Contemporary Art Center reported a surplus of $62K, with revenue exceeding expenses. The organization holds $120K in liabilities against $235K in assets (debt-to-asset ratio: 51.2%), resulting in net assets of $115K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $711K | $649K | $235K | $120K | — | — |
| 2022 | $649K | $612K | $233K | $154K | — | View 990 |
| 2021 | $634K | $564K | $234K | $191K | — | — |
| 2020 | $371K | $365K | $206K | $229K | — | View 990 |
| 2019 | $569K | $581K | $221K | $257K | — | View 990 |
| 2018 | $495K | $504K | $269K | $292K | — | View 990 |
| 2017 | $287K | $279K | $358K | $372K | — | View 990 |
| 2016 | $188K | $176K | $50K | $73K | — | View 990 |
| 2015 | $199K | $190K | $30K | $24K | — | View 990 |
| 2014 | $175K | $185K | $14K | $26K | — | View 990 |
| 2013 | $207K | $188K | $21K | $24K | — | View 990 |
| 2012 | $257K | $245K | $38K | $0 | — | View 990 |
| 2011 | $376K | $406K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $711K, expenses of $649K, and assets of $235K (revenue +9.7% year-over-year).
- 2022: Revenue of $649K, expenses of $612K, and assets of $233K (revenue +2.2% year-over-year).
- 2021: Revenue of $634K, expenses of $564K, and assets of $234K (revenue +70.9% year-over-year).
- 2020: Revenue of $371K, expenses of $365K, and assets of $206K (revenue -34.8% year-over-year).
- 2019: Revenue of $569K, expenses of $581K, and assets of $221K (revenue +15.0% year-over-year).
- 2018: Revenue of $495K, expenses of $504K, and assets of $269K (revenue +72.6% year-over-year).
- 2017: Revenue of $287K, expenses of $279K, and assets of $358K (revenue +52.8% year-over-year).
- 2016: Revenue of $188K, expenses of $176K, and assets of $50K (revenue -5.6% year-over-year).
- 2015: Revenue of $199K, expenses of $190K, and assets of $30K (revenue +13.5% year-over-year).
- 2014: Revenue of $175K, expenses of $185K, and assets of $14K (revenue -15.6% year-over-year).
- 2013: Revenue of $207K, expenses of $188K, and assets of $21K (revenue -19.4% year-over-year).
- 2012: Revenue of $257K, expenses of $245K, and assets of $38K (revenue -31.6% year-over-year).
- 2011: Revenue of $376K, expenses of $406K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Redux Contemporary Art Center:
Data Sources and Methodology
This transparency report for Redux Contemporary Art Center 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.