Zeitgeist Center For Arts And Community
Zeitgeist Center For Arts And Community faces recurring operating deficits despite substantial assets.
EIN: 206424699 · Duluth, MN · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $16 |
| Net Assets | $12.7M |
| Transparency Score | 65/100 |
Is Zeitgeist Center For Arts And Community Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Zeitgeist Center For Arts And Community directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Zeitgeist Center For Arts And Community
Zeitgeist Center For Arts And Community (EIN: 206424699) is a nonprofit organization based in Duluth, MN, classified under NTEE code A20. The organization reported total revenue of $2.2M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Zeitgeist Center For Arts And Community's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Zeitgeist Center For Arts And Community is a mid-size nonprofit that has been operating for 3 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-556,611 |
| Total Assets | $14.7M |
| Total Liabilities | $2.0M |
| Net Assets | $12.7M |
| Operating Margin | -25.9% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 65.1 months |
Financial Health Grade: B
In 2023, Zeitgeist Center For Arts And Community reported a deficit of $557K with expenses exceeding revenue, holds 65.1 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2023), Zeitgeist Center For Arts And Community's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +1.8% | -4.1% |
| 2022 | -15.0% | +37.6% | -7.4% |
| 2021 | +36.6% | -33.9% | -34.5% |
| 2014 | +85.4% | +46.5% | +30.8% |
| 2013 | -81.1% | -1.8% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Zeitgeist Center For Arts And Community with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Zeitgeist Center For Arts And Community allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $557K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets exceeding $16 million. This could indicate volunteer leadership or that compensation is reported under different categories not specified in the provided data.
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 Zeitgeist Center For Arts And Community's IRS 990 filings:
- Recurring operating deficits (e.g., $556K deficit in 202312, $611K deficit in 202212)
- Significant decline in assets from peak ($25.2M in 201412 to $14.6M in 202312)
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration practices.
Strengths
The following positive indicators were identified for Zeitgeist Center For Arts And Community:
- Consistent filing of IRS 990 forms, indicating transparency in reporting.
- Substantial asset base ($16.3M latest) provides a buffer against financial challenges.
- NTEE code A20 suggests a focus on arts and culture, aligning with community enrichment.
Frequently Asked Questions about Zeitgeist Center For Arts And Community
Is Zeitgeist Center For Arts And Community a legitimate charity?
Based on AI analysis of IRS 990 filings, Zeitgeist Center For Arts And Community (EIN: 206424699) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Zeitgeist Center For Arts And Community spend its money?
Zeitgeist Center For Arts And Community directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Zeitgeist Center For Arts And Community tax-deductible?
Zeitgeist Center For Arts And Community is registered as a tax-exempt nonprofit (EIN: 206424699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Zeitgeist Center For Arts And Community CEO make?
Zeitgeist Center For Arts And Community's highest-compensated officer earns $16 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Zeitgeist Center For Arts And Community's spending goes to programs?
Zeitgeist Center For Arts And Community directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Zeitgeist Center For Arts And Community compare to similar nonprofits?
With a transparency score of 65/100 (Good), Zeitgeist Center For Arts And Community 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 Zeitgeist Center For Arts And Community located?
Zeitgeist Center For Arts And Community is headquartered in Duluth, Minnesota and files with the IRS under EIN 206424699. It is classified under NTEE code A20.
How many years of IRS 990 filings does Zeitgeist Center For Arts And Community have?
Zeitgeist Center For Arts And Community has 7 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 $2.2M in total revenue.
Is Zeitgeist Center For Arts And Community financially sustainable given its recurring deficits?
The organization has experienced several years where expenses significantly outpaced revenue, such as in 202312 ($2.7M expenses vs. $2.1M revenue) and 202212 ($2.6M expenses vs. $2.0M revenue). While it has substantial assets ($16.3M), sustained deficits could erode these reserves over time, raising questions about long-term financial sustainability without a clear strategy to balance its budget.
What is the nature of the 'Officer Comp=0%' reporting?
The consistent reporting of 0% for officer compensation across all seven filings is highly unusual for an organization with over $2 million in annual revenue and $16 million in assets. This could mean that key leadership roles are filled by volunteers, or that compensation for executives is categorized differently in the 990 forms, or paid through a related entity, which would warrant further investigation into the full 990 forms for clarity.
How has the organization's asset base changed over time?
The organization's assets have fluctuated, peaking at $25.2 million in 201412 and declining to $14.6 million in 202312. While the latest assets are $16.3 million, the trend shows a significant decrease from its peak, which could be due to asset utilization, market fluctuations, or covering operating deficits.
Filing History
IRS 990 filing history for Zeitgeist Center For Arts And Community showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Zeitgeist Center For Arts And Community's revenue has declined by 56.6%, moving from $4.9M to $2.1M. Total assets decreased by 17.3% over the same period, from $17.7M to $14.7M. Total functional expenses rose by 53.7%, from $1.8M to $2.7M. In its most recent filing year (2023), Zeitgeist Center For Arts And Community reported a deficit of $557K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $14.7M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.7M | $14.7M | $2.0M | — | — |
| 2022 | $2.0M | $2.7M | $15.3M | $2.0M | — | View 990 |
| 2021 | $2.4M | $1.9M | $16.5M | $2.4M | — | View 990 |
| 2014 | $1.8M | $2.9M | $25.2M | $2.0M | — | View 990 |
| 2013 | $949K | $2.0M | $19.3M | $49K | — | View 990 |
| 2012 | $5.0M | $2.0M | $20.4M | $16K | — | View 990 |
| 2011 | $4.9M | $1.8M | $17.7M | $395K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.7M, and assets of $14.7M (revenue +5.1% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.7M, and assets of $15.3M (revenue -15.0% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.9M, and assets of $16.5M (revenue +36.6% year-over-year).
- 2014: Revenue of $1.8M, expenses of $2.9M, and assets of $25.2M (revenue +85.4% year-over-year).
- 2013: Revenue of $949K, expenses of $2.0M, and assets of $19.3M (revenue -81.1% year-over-year).
- 2012: Revenue of $5.0M, expenses of $2.0M, and assets of $20.4M (revenue +1.5% year-over-year).
- 2011: Revenue of $4.9M, expenses of $1.8M, and assets of $17.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Zeitgeist Center For Arts And Community:
Data Sources and Methodology
This transparency report for Zeitgeist Center For Arts And Community 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.