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Cornelius Arts Community Center

Cornelius, North Carolina · EIN 81-4628087 · Arts, Culture & Humanities · tax-exempt since 2017

D

Charity Clarity grade D (score 49.4 of 100), based on the Form 990 for the year ended August 2025.

Graded against 19,395 arts, culture & humanities nonprofits with revenue $2M–$10M filing the same form. A = top 10%, B = next 20%, C = middle 40%, D = next 20%, F = bottom 10%.

What goes into the grade

MeasureThis charityScore (0–100)
ReservesMonths of spending covered by unrestricted net assets.80.0 months0
GovernanceBoard independence, key policies and audit, per the 990.100% of practices100
Margin stabilityHow steady the surplus or deficit is year to year.3
Revenue spreadHow much revenue rests on one type of income.47% from one source69
Filing recordOn-time, complete filings, year after year.100%100
Program spendingSelf-reported by the filer.87.0%not scored
Management costsShare of spending.1.0%not scored
Cost to raise $1Fundraising cost per dollar given.$0.24not scored

Scores compare this charity with its peer group; 100 is best. How Charity Clarity rates charities.

Year by year

2017201820192020202120222023202420242025grey: revenue · green: spending
Year endedFormRevenueSpendingSurplusNet assetsMonths of spendingStaffGrade
Aug 2025Form 990$3.49M$3.79M−$303K$25.31M80.029D
Aug 2024Form 990$212K$460K−$247K$25.17M657.024D
Jun 2024Form 990$3.42M$3.03M$383K$25.42M100.524C
Jun 2023Form 990$3.03M$2.16M$876K$25.04M139.216D
Jun 2022Form 990$7.47M$780K$6.69M$24.13M371.46D
Jun 2021Form 990$8.26M$480K$7.78M$17.47M436.74F
Jun 2020Form 990$4.68M$1.75M$2.93M$9.69M66.43D
Jun 2019Form 990$7.51M$773K$6.74M$6.76M105.03F
Jun 2018Form 990$271K$265K$6,274$17K0.81D
Jun 2017Form 990-EZ$80K$70K$10K$10K1.8C

From the organisation’s own IRS filings. “Months of spending” is total net assets divided by a month of that year’s spending. A blank grade means that year was not rated.

Read the filings

Every figure here comes from the returns this charity filed with the IRS. These sites show the full returns and more about the organisation:

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