Is Andres Institute Of Art Legit?

The Andres Institute Of Art demonstrates a consistent commitment to its mission, as evidenced by its historical financial data. While the organization experienced a deficit in its latest filing period (202312) with expenses of $118,168 exceeding revenue of $63,901, this appears to be an anomaly in recent years, as prior periods often show revenue exceeding expenses. The organization's assets have fluctuated, reaching a high of $539,367 in 202212 before decreasing to $461,933 in 202312, while liabilities have seen a significant increase to $497,400 in 202312, surpassing its assets. This recent increase in liabilities warrants closer examination. The institute's spending efficiency is generally strong, with no reported officer compensation across all available filings, suggesting that resources are directed towards programmatic activities rather than executive salaries. However, the recent financial period's deficit and the high liabilities relative to assets are concerning and could impact long-term sustainability if not addressed. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to transparency. Overall, the Andres Institute Of Art appears to be a lean operation focused on its mission, but the latest financial period's significant liabilities and deficit require careful monitoring. Its historical financial management, particularly the absence of executive compensation, points to a strong program focus, but the recent financial shift needs to be understood in context.