Trustees Of The Corcoran Gallery Of Art
EIN: 530196641 · Castle Rock, CO · NTEE: A510
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $528K |
| Net Assets | $2.1M |
Is Trustees Of The Corcoran Gallery Of Art Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Trustees Of The Corcoran Gallery Of Art
Trustees Of The Corcoran Gallery Of Art (EIN: 530196641) is a nonprofit organization based in Castle Rock, CO, classified under NTEE code A510. The organization reported total revenue of $1.2M and total assets of $648K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of The Corcoran Gallery Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustees Of The Corcoran Gallery Of Art is a mid-size nonprofit that has been operating for 102 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -34.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143K |
| Total Expenses | $528K |
| Surplus / Deficit | $-385,371 |
| Total Assets | $3.0M |
| Total Liabilities | $933K |
| Net Assets | $2.1M |
| Operating Margin | -269.6% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 69.2 months |
Financial Health Grade: B
In 2023, Trustees Of The Corcoran Gallery Of Art reported a deficit of $385K with expenses exceeding revenue, holds 69.2 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Trustees Of The Corcoran Gallery Of Art's revenue has declined at a compound annual growth rate (CAGR) of -34.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.5% | -23.6% | -31.2% |
| 2022 | -12.2% | +16.0% | -18.9% |
| 2021 | -7.4% | +53.8% | +1.0% |
| 2020 | -77.0% | -42.6% | -55.9% |
| 2019 | +32.0% | +60.9% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1924 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Trustees Of The Corcoran Gallery Of 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 Trustees Of The Corcoran Gallery Of 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 deficit of $385K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.6%.
Frequently Asked Questions about Trustees Of The Corcoran Gallery Of Art
Is Trustees Of The Corcoran Gallery Of Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of The Corcoran Gallery Of Art (EIN: 530196641) insufficient data. 0 red flags identified, 0 strengths noted.
How does Trustees Of The Corcoran Gallery Of Art spend its money?
Detailed spending breakdown data is not yet available for Trustees Of The Corcoran Gallery Of Art. Check back for updated IRS 990 analysis.
Are donations to Trustees Of The Corcoran Gallery Of Art tax-deductible?
Trustees Of The Corcoran Gallery Of Art is registered as a tax-exempt nonprofit (EIN: 530196641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Trustees Of The Corcoran Gallery Of Art located?
Trustees Of The Corcoran Gallery Of Art is headquartered in Castle Rock, Colorado and files with the IRS under EIN 530196641. It is classified under NTEE code A510.
How many years of IRS 990 filings does Trustees Of The Corcoran Gallery Of Art have?
Trustees Of The Corcoran Gallery Of Art 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Trustees Of The Corcoran Gallery Of Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Trustees Of The Corcoran Gallery Of Art's revenue has declined by 99.4%, moving from $23.8M to $143K. Total assets decreased by 92.9% over the same period, from $43.1M to $3.0M. Total functional expenses fell by 98.3%, from $31.0M to $528K. In its most recent filing year (2023), Trustees Of The Corcoran Gallery Of Art reported a deficit of $385K, with expenses exceeding revenue. The organization holds $933K in liabilities against $3.0M in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143K | $528K | $3.0M | $933K | — | — |
| 2022 | $209K | $692K | $4.4M | $1.9M | — | View 990 |
| 2021 | $238K | $597K | $5.5M | $1.4M | — | — |
| 2020 | $257K | $388K | $5.4M | $25K | — | View 990 |
| 2019 | $1.1M | $676K | $12.3M | $6.8M | — | View 990 |
| 2018 | $846K | $420K | $11.4M | $6.6M | — | View 990 |
| 2017 | $346K | $403K | $11.3M | $6.6M | — | View 990 |
| 2016 | $472K | $1.1M | $11.3M | $6.9M | — | View 990 |
| 2015 | $2.1M | $4.6M | $19.1M | $14.0M | — | View 990 |
| 2014 | $29.5M | $28.6M | $90.0M | $13.2M | — | View 990 |
| 2013 | $67.5M | $31.3M | $91.5M | $17.9M | — | View 990 |
| 2012 | $43.0M | $32.3M | $51.7M | $14.5M | — | View 990 |
| 2011 | $23.8M | $31.0M | $43.1M | $14.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $143K, expenses of $528K, and assets of $3.0M (revenue -31.5% year-over-year).
- 2022: Revenue of $209K, expenses of $692K, and assets of $4.4M (revenue -12.2% year-over-year).
- 2021: Revenue of $238K, expenses of $597K, and assets of $5.5M (revenue -7.4% year-over-year).
- 2020: Revenue of $257K, expenses of $388K, and assets of $5.4M (revenue -77.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $676K, and assets of $12.3M (revenue +32.0% year-over-year).
- 2018: Revenue of $846K, expenses of $420K, and assets of $11.4M (revenue +144.6% year-over-year).
- 2017: Revenue of $346K, expenses of $403K, and assets of $11.3M (revenue -26.7% year-over-year).
- 2016: Revenue of $472K, expenses of $1.1M, and assets of $11.3M (revenue -77.6% year-over-year).
- 2015: Revenue of $2.1M, expenses of $4.6M, and assets of $19.1M (revenue -92.8% year-over-year).
- 2014: Revenue of $29.5M, expenses of $28.6M, and assets of $90.0M (revenue -56.3% year-over-year).
- 2013: Revenue of $67.5M, expenses of $31.3M, and assets of $91.5M (revenue +56.9% year-over-year).
- 2012: Revenue of $43.0M, expenses of $32.3M, and assets of $51.7M (revenue +80.8% year-over-year).
- 2011: Revenue of $23.8M, expenses of $31.0M, and assets of $43.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trustees Of The Corcoran Gallery Of Art:
Data Sources and Methodology
This transparency report for Trustees Of The Corcoran Gallery Of 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.