Sugar Creek Art Center Inc
Sugar Creek Art Center Inc maintains strong assets and zero officer compensation amidst fluctuating revenues.
EIN: 204426463 · Thorntown, IN · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $95K |
| Total Expenses | $89K |
| Program Spending | 85% |
| Net Assets | $401K |
| Transparency Score | 90/100 |
Is Sugar Creek Art Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sugar Creek Art Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sugar Creek Art Center Inc
Sugar Creek Art Center Inc (EIN: 204426463) is a nonprofit organization based in Thorntown, IN, classified under NTEE code A20. The organization reported total revenue of $95K and total assets of $431K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sugar Creek Art Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sugar Creek Art Center Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $89K |
| Surplus / Deficit | $-12,944 |
| Total Assets | $404K |
| Total Liabilities | $3K |
| Net Assets | $401K |
| Operating Margin | -17.1% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 54.8 months |
Financial Health Grade: B
In 2023, Sugar Creek Art Center Inc reported a deficit of $13K with expenses exceeding revenue, holds 54.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sugar Creek Art Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.1% | -8.7% | -5.1% |
| 2022 | +133.3% | +57.0% | +1.4% |
| 2021 | -23.2% | -13.8% | -3.8% |
| 2020 | +0.4% | +14.1% | -3.3% |
| 2019 | +34.1% | +9.5% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Sugar Creek Art Center Inc 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, Sugar Creek Art Center Inc 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 deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive sign for a nonprofit of its size, demonstrating a strong commitment to directing all funds towards its mission.
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.
Red Flags
The following concerns were identified during AI analysis of Sugar Creek Art Center Inc's IRS 990 filings:
- Fluctuating annual revenues, which could impact long-term planning if not managed.
Strengths
The following positive indicators were identified for Sugar Creek Art Center Inc:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Strong asset base relative to liabilities, demonstrating financial stability ($404,137 assets vs $3,069 liabilities in 202306).
- Long history of IRS 990 filings (13 filings), suggesting consistent operation and transparency.
- Low liabilities across all reported periods, indicating responsible financial management.
Frequently Asked Questions about Sugar Creek Art Center Inc
Is Sugar Creek Art Center Inc a legitimate charity?
Sugar Creek Art Center Inc (EIN: 204426463) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $95K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Sugar Creek Art Center Inc spend its money?
Sugar Creek Art Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sugar Creek Art Center Inc tax-deductible?
Sugar Creek Art Center Inc is registered as a tax-exempt nonprofit (EIN: 204426463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sugar Creek Art Center Inc's spending goes to programs?
Sugar Creek Art Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sugar Creek Art Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Sugar Creek Art Center Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sugar Creek Art Center Inc located?
Sugar Creek Art Center Inc is headquartered in Thorntown, Indiana and files with the IRS under EIN 204426463. It is classified under NTEE code A20.
How many years of IRS 990 filings does Sugar Creek Art Center Inc have?
Sugar Creek Art Center Inc 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 $95K in total revenue.
Is Sugar Creek Art Center Inc a good charity?
Based on the available IRS 990 data, Sugar Creek Art Center Inc appears to be a good charity. It maintains a strong asset base ($404,137 in 202306), has very low liabilities ($3,069 in 202306), and consistently reports 0% officer compensation, indicating a high dedication to its mission and efficient use of funds.
How has Sugar Creek Art Center Inc's revenue trended?
Sugar Creek Art Center Inc's revenue has fluctuated over the years, ranging from a high of $120,498 in 201606 to a low of $42,853 in 201706. In the most recent period (202306), revenue was $75,627, a decrease from $108,227 in 202206.
What is the organization's financial stability?
The organization demonstrates strong financial stability. Its assets of $404,137 in 202306 significantly outweigh its liabilities of $3,069, indicating a healthy balance sheet and ample reserves.
Filing History
IRS 990 filing history for Sugar Creek Art Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sugar Creek Art Center Inc's revenue has declined by 64.2%, moving from $211K to $76K. Total assets increased by 9.2% over the same period, from $370K to $404K. Total functional expenses rose by 57.7%, from $56K to $89K. In its most recent filing year (2023), Sugar Creek Art Center Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $3K in liabilities against $404K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $401K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $89K | $404K | $3K | — | View 990 |
| 2022 | $108K | $97K | $426K | $12K | — | View 990 |
| 2021 | $46K | $62K | $420K | $18K | — | — |
| 2020 | $60K | $72K | $436K | $19K | — | View 990 |
| 2019 | $60K | $63K | $451K | $19K | — | View 990 |
| 2018 | $45K | $57K | $454K | $19K | — | View 990 |
| 2017 | $43K | $55K | $466K | $18K | — | View 990 |
| 2016 | $120K | $43K | $479K | $19K | — | View 990 |
| 2015 | $57K | $48K | $402K | $20K | — | View 990 |
| 2014 | $88K | $53K | $393K | $20K | — | View 990 |
| 2013 | $57K | $60K | $357K | $18K | — | View 990 |
| 2012 | $53K | $56K | $361K | $20K | — | View 990 |
| 2011 | $211K | $56K | $370K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $89K, and assets of $404K (revenue -30.1% year-over-year).
- 2022: Revenue of $108K, expenses of $97K, and assets of $426K (revenue +133.3% year-over-year).
- 2021: Revenue of $46K, expenses of $62K, and assets of $420K (revenue -23.2% year-over-year).
- 2020: Revenue of $60K, expenses of $72K, and assets of $436K (revenue +0.4% year-over-year).
- 2019: Revenue of $60K, expenses of $63K, and assets of $451K (revenue +34.1% year-over-year).
- 2018: Revenue of $45K, expenses of $57K, and assets of $454K (revenue +4.6% year-over-year).
- 2017: Revenue of $43K, expenses of $55K, and assets of $466K (revenue -64.4% year-over-year).
- 2016: Revenue of $120K, expenses of $43K, and assets of $479K (revenue +111.1% year-over-year).
- 2015: Revenue of $57K, expenses of $48K, and assets of $402K (revenue -35.1% year-over-year).
- 2014: Revenue of $88K, expenses of $53K, and assets of $393K (revenue +54.0% year-over-year).
- 2013: Revenue of $57K, expenses of $60K, and assets of $357K (revenue +7.3% year-over-year).
- 2012: Revenue of $53K, expenses of $56K, and assets of $361K (revenue -74.8% year-over-year).
- 2011: Revenue of $211K, expenses of $56K, and assets of $370K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sugar Creek Art Center Inc:
Data Sources and Methodology
This transparency report for Sugar Creek Art Center Inc 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.