Quick charity verification for Art Academy Housing Inc (EIN: 205149610)
Verdict: Art Academy Housing Inc appears trustworthy
90/100Mission Score
$623KRevenue
$191KAssets
2Red Flags
5Strengths
Red Flags
Unusually low assets relative to historical figures in recent years (e.g., $186,974 in 202105 compared to $2,014,041 in 201705), requiring further investigation into the cause of this significant reduction.
The consistent 0% officer compensation across all filings, while positive for efficiency, is highly unusual for an organization with growing revenue and could indicate an alternative compensation structure not captured or a fully volunteer-run leadership, which might raise questions about long-term sustainability or professional management capacity.
Strengths
Consistent revenue growth in recent years, from $140,578 in 201805 to $553,161 in 202105.
Positive net income in recent periods, indicating sound financial management (e.g., $553,161 revenue vs. $477,824 expenses in 202105).
No reported officer compensation across all 11 filings, suggesting high efficiency in directing funds to mission.
Healthy asset growth in recent years, with assets increasing from $60,366 in 201905 to $186,974 in 202105.
Strong filing history with 11 IRS 990 filings, demonstrating commitment to transparency.
Spending Breakdown
How Art Academy Housing Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Art Academy Housing Inc
Is Art Academy Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Art Academy Housing Inc (EIN: 205149610) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is Art Academy Housing Inc a good charity to donate to?
Art Academy Housing Inc has a Mission Score of 90/100. Revenue: $623K. Assets: $191K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Art Academy Housing Inc?
The Employer Identification Number (EIN) for Art Academy Housing Inc is 205149610. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Art Academy Housing Inc spend its money?
Art Academy Housing Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Art Academy Housing Inc's tax-exempt status?
You can verify Art Academy Housing Inc's tax-exempt status using EIN 205149610 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Art Academy Housing Inc. demonstrates a generally healthy financial trajectory, with consistent revenue growth observed in recent years, culminating in $553,161 in revenue for the 202105 period. The organization has maintained a positive net income in its most recent filings, indicating sound financial management. Its assets have also shown growth, reaching $186,974 in 202105, up from $120,587 in 202005, suggesting increasing financial stability. The organization's liabilities have remained relatively low in recent years compared to its assets, further contributing to a positive financial outlook.
Spending efficiency appears to be strong, as evidenced by the consistent positive difference between revenue and expenses in the last two reported periods. For instance, in 202105, expenses were $477,824 against $553,161 in revenue, indicating that a significant portion of its income is available for its mission. The absence of reported officer compensation across all filings suggests that resources are being directed towards programmatic activities rather than executive salaries, which is a positive indicator for efficiency and donor confidence.
Regarding transparency, the organization has a robust filing history with 11 IRS 990 filings, demonstrating a commitment to public disclosure. The consistent reporting of zero officer compensation across all periods is a notable aspect of its financial transparency. While specific program spending ratios are not provided in the raw data, the overall financial health and consistent reporting suggest a transparent operation.