Arts, Culture & Humanities (A25) IRS Verified DX Registered 990 on File

CENTER GROVE FINE ARTS ACADEMY INC

EIN: 83-0672707 · GREENWOOD, IN 46143-8955 · United States · FY 2023 Data

4 out of 5 71 / 100 Based on 2+ years of filings

Financial strength (30%) 64/100

Reliability (20%) 71/100

Effectiveness (25%) 80/100

Impact (25%) 70/100

Financial data: FY 2025 · Scored 10/18/2026

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CharityAI™ Score

out of 100

Mission Statement

Creative Grounds Fine Art Academy activities are primarily directed toward, but not limited to, providing educational arts experiences to enhance and develop the community and surrounding communities in which it resides.

Financial Overview — FY 2023

$404K

Annual Budget

$185K

Total Revenue

$138K

Total Expenses

$-11,788

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 37.1%

Fundraising Efficiency 0.0%

Operating Reserve -1.02x

Liability-to-Asset 113.7%

Revenue Diversification 64.0%

Executive Compensation $25K

Compared with Peers

FY 2025

Compared with 8,038 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2025. This organization's figures are from FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	37.1%	81.9%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	62.9%	13.8%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	0.0%	27.9%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	-1.0 mo	9.5 mo	P10P90	Bottom quarter
Liabilities to assets Total liabilities / total assets · lower is better	113.7%	1.5%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	64.0%	77.8%	P10P90	Above median
Revenue growth Year over year revenue growth	-28.4%	6.6%	P10P90
Expense growth Year over year expense growth	-46.4%	5.9%	P10P90
Surplus margin Surplus as a share of revenue	25.4%	2.4%	P10P90

CharityAI™ Evaluation — 2025

56 / 100

Financial

Reliability

Effectiveness

Impact

Financial Strength (30%) 64

Reliability & Transparency (20%) 71

Program Effectiveness (25%) 80

Impact & Outcomes (25%) 10

0 programs 14 staff

IRS Verified Form 990 on File 85% Data Complete

Impact

2 programs

Outcome / Program	People Served	Cost / Service	# Completed	Duration
Served 450 Students through mentorship programming in Musical Theater Productions & Camps.	450	$250.00	—	Per Year
Escaping Reality and enjoying the imagination of theatre transforms lives.	4,500	$25.92	—	Lifetime

Geographic Reach

Local 100%

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$185K	$138K	$-11,788	37.1%	0
2022	$259K	$258K	$-58,874	33.3%	0
2021	$213K	$218K	N/A	—	1

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Organization Details

EIN: 83-0672707
State: IN
City: GREENWOOD
ZIP: 46143-8955
Classification: A25
Category: Arts, Culture & Humanities
Rating: 4★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2018
Foundation Code: 16
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

A pillar with no data counts as zero. Without impact metrics the score is capped at 59 (three stars): only the charity can supply that data.
The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
An organization that is not in good standing with its registry (for example a revoked tax exemption) is shown as Not rated.
"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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