The Center For Craft Creativity & Design Inc
EIN: 562096677 · Asheville, NC · NTEE: A40
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $2.5M |
| Net Assets | $15.1M |
Is The Center For Craft Creativity & Design Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Center For Craft Creativity & Design Inc
The Center For Craft Creativity & Design Inc (EIN: 562096677) is a nonprofit organization based in Asheville, NC, classified under NTEE code A40. The organization reported total revenue of $1.8M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Center For Craft Creativity & Design Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Center For Craft Creativity & Design Inc is a mid-size nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 42.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-577,755 |
| Total Assets | $15.2M |
| Total Liabilities | $84K |
| Net Assets | $15.1M |
| Operating Margin | -29.7% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 72.1 months |
Financial Health Grade: B
In 2023, The Center For Craft Creativity & Design Inc reported a deficit of $578K with expenses exceeding revenue, holds 72.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Center For Craft Creativity & Design Inc's revenue has grown at a compound annual growth rate (CAGR) of 42.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.4% | +17.4% | -1.0% |
| 2022 | -1.1% | +18.3% | -5.6% |
| 2021 | +0.7% | +1.6% | +7.2% |
| 2020 | -71.9% | +29.1% | +8.6% |
| 2019 | +236.3% | -1.3% | +113.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Center For Craft Creativity & Design Inc 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 The Center For Craft Creativity & Design Inc 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 deficit of $578K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Frequently Asked Questions about The Center For Craft Creativity & Design Inc
Is The Center For Craft Creativity & Design Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Center For Craft Creativity & Design Inc (EIN: 562096677) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Center For Craft Creativity & Design Inc spend its money?
Detailed spending breakdown data is not yet available for The Center For Craft Creativity & Design Inc. Check back for updated IRS 990 analysis.
Are donations to The Center For Craft Creativity & Design Inc tax-deductible?
The Center For Craft Creativity & Design Inc is registered as a tax-exempt nonprofit (EIN: 562096677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Center For Craft Creativity & Design Inc located?
The Center For Craft Creativity & Design Inc is headquartered in Asheville, North Carolina and files with the IRS under EIN 562096677. It is classified under NTEE code A40.
How many years of IRS 990 filings does The Center For Craft Creativity & Design Inc have?
The Center For Craft Creativity & Design Inc has 12 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for The Center For Craft Creativity & Design Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Center For Craft Creativity & Design Inc's revenue has grown by 4778.7%, moving from $40K to $1.9M. Total assets increased by 4985.9% over the same period, from $298K to $15.2M. Total functional expenses rose by 1012.7%, from $227K to $2.5M. In its most recent filing year (2023), The Center For Craft Creativity & Design Inc reported a deficit of $578K, with expenses exceeding revenue. The organization holds $84K in liabilities against $15.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $15.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.5M | $15.2M | $84K | — | View 990 |
| 2022 | $2.4M | $2.2M | $15.3M | $93K | — | View 990 |
| 2021 | $2.4M | $1.8M | $16.2M | $214K | — | View 990 |
| 2020 | $2.4M | $1.8M | $15.1M | $917K | — | View 990 |
| 2019 | $8.5M | $1.4M | $14.0M | $369K | — | View 990 |
| 2018 | $2.5M | $1.4M | $6.5M | $121K | — | View 990 |
| 2017 | $1.7M | $1.3M | $5.4M | $91K | — | View 990 |
| 2016 | $1.4M | $1.2M | $4.9M | $80K | — | View 990 |
| 2015 | $1.4M | $630K | $4.6M | $14K | — | View 990 |
| 2014 | $4.0M | $420K | $3.9M | $4K | — | View 990 |
| 2013 | $155K | $200K | $257K | $5K | — | View 990 |
| 2012 | $40K | $227K | $298K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.5M, and assets of $15.2M (revenue -18.4% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.2M, and assets of $15.3M (revenue -1.1% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.8M, and assets of $16.2M (revenue +0.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.8M, and assets of $15.1M (revenue -71.9% year-over-year).
- 2019: Revenue of $8.5M, expenses of $1.4M, and assets of $14.0M (revenue +236.3% year-over-year).
- 2018: Revenue of $2.5M, expenses of $1.4M, and assets of $6.5M (revenue +48.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.3M, and assets of $5.4M (revenue +22.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $4.9M (revenue -1.3% year-over-year).
- 2015: Revenue of $1.4M, expenses of $630K, and assets of $4.6M (revenue -64.9% year-over-year).
- 2014: Revenue of $4.0M, expenses of $420K, and assets of $3.9M (revenue +2489.2% year-over-year).
- 2013: Revenue of $155K, expenses of $200K, and assets of $257K (revenue +288.7% year-over-year).
- 2012: Revenue of $40K, expenses of $227K, and assets of $298K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Center For Craft Creativity & Design Inc:
Data Sources and Methodology
This transparency report for The Center For Craft Creativity & Design 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.