The Nnamdi Center For Contemporary Art
EIN: 272784509 · Detroit, MI · NTEE: A51
| Metric | Value |
|---|---|
| Total Revenue | $366K |
| Total Expenses | $406K |
| Net Assets | $19K |
Is The Nnamdi Center For Contemporary Art Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Nnamdi Center For Contemporary Art
The Nnamdi Center For Contemporary Art (EIN: 272784509) is a nonprofit organization based in Detroit, MI, classified under NTEE code A51. The organization reported total revenue of $366K and total assets of $70K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nnamdi Center For Contemporary Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Nnamdi Center For Contemporary Art is a small nonprofit that has been operating for 10 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 23.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $415K |
| Total Expenses | $406K |
| Surplus / Deficit | +$9K |
| Total Assets | $51K |
| Total Liabilities | $33K |
| Net Assets | $19K |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 63.8% |
| Months of Reserves | 1.5 months |
Financial Health Grade: B
In 2023, The Nnamdi Center For Contemporary Art reported a surplus of $9K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 63.8% (high leverage).
Financial Trends
Over 11 years of filings (2012–2023), The Nnamdi Center For Contemporary Art's revenue has grown at a compound annual growth rate (CAGR) of 23.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | -16.4% | +124.6% |
| 2021 | +50.8% | +153.9% | -74.3% |
| 2020 | +58.5% | -25.4% | +1074.5% |
| 2019 | -69.6% | -49.7% | -96.0% |
| 2018 | +94.2% | +49.2% | +57.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Nnamdi Center For Contemporary Art 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 Nnamdi Center For Contemporary Art 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 surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.8%.
Frequently Asked Questions about The Nnamdi Center For Contemporary Art
Is The Nnamdi Center For Contemporary Art a legitimate charity?
Based on AI analysis of IRS 990 filings, The Nnamdi Center For Contemporary Art (EIN: 272784509) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Nnamdi Center For Contemporary Art spend its money?
Detailed spending breakdown data is not yet available for The Nnamdi Center For Contemporary Art. Check back for updated IRS 990 analysis.
Are donations to The Nnamdi Center For Contemporary Art tax-deductible?
The Nnamdi Center For Contemporary Art is registered as a tax-exempt nonprofit (EIN: 272784509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Nnamdi Center For Contemporary Art located?
The Nnamdi Center For Contemporary Art is headquartered in Detroit, Michigan and files with the IRS under EIN 272784509. It is classified under NTEE code A51.
How many years of IRS 990 filings does The Nnamdi Center For Contemporary Art have?
The Nnamdi Center For Contemporary Art has 11 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 $366K in total revenue.
Filing History
IRS 990 filing history for The Nnamdi Center For Contemporary Art showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), The Nnamdi Center For Contemporary Art's revenue has grown by 897.8%, moving from $42K to $415K. Total assets increased by 135.2% over the same period, from $22K to $51K. Total functional expenses rose by 411.4%, from $79K to $406K. In its most recent filing year (2023), The Nnamdi Center For Contemporary Art reported a surplus of $9K, with revenue exceeding expenses. The organization holds $33K in liabilities against $51K in assets (debt-to-asset ratio: 63.8%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $415K | $406K | $51K | $33K | — | — |
| 2021 | $421K | $486K | $23K | $105K | — | View 990 |
| 2020 | $279K | $191K | $89K | $106K | — | — |
| 2019 | $176K | $256K | $8K | $113K | — | View 990 |
| 2018 | $579K | $509K | $190K | $214K | — | View 990 |
| 2017 | $298K | $341K | $120K | $215K | — | View 990 |
| 2016 | $267K | $213K | $49K | $100K | — | View 990 |
| 2015 | $114K | $136K | $30K | $108K | — | View 990 |
| 2014 | $87K | $115K | $22K | $79K | — | View 990 |
| 2013 | $40K | $33K | $25K | $53K | — | — |
| 2012 | $42K | $79K | $22K | $57K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $415K, expenses of $406K, and assets of $51K (revenue -1.5% year-over-year).
- 2021: Revenue of $421K, expenses of $486K, and assets of $23K (revenue +50.8% year-over-year).
- 2020: Revenue of $279K, expenses of $191K, and assets of $89K (revenue +58.5% year-over-year).
- 2019: Revenue of $176K, expenses of $256K, and assets of $8K (revenue -69.6% year-over-year).
- 2018: Revenue of $579K, expenses of $509K, and assets of $190K (revenue +94.2% year-over-year).
- 2017: Revenue of $298K, expenses of $341K, and assets of $120K (revenue +11.7% year-over-year).
- 2016: Revenue of $267K, expenses of $213K, and assets of $49K (revenue +135.0% year-over-year).
- 2015: Revenue of $114K, expenses of $136K, and assets of $30K (revenue +31.2% year-over-year).
- 2014: Revenue of $87K, expenses of $115K, and assets of $22K (revenue +116.9% year-over-year).
- 2013: Revenue of $40K, expenses of $33K, and assets of $25K (revenue -4.0% year-over-year).
- 2012: Revenue of $42K, expenses of $79K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Nnamdi Center For Contemporary Art:
Data Sources and Methodology
This transparency report for The Nnamdi Center For Contemporary Art 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.