Is Arts Impact Incorporated Legit?

Arts Impact Incorporated demonstrates a generally stable financial position, with total assets of $360,149 as of its latest filing. The organization has shown consistent revenue generation, with its latest reported revenue at $865,062. While there was a deficit in the 202308 period where expenses ($853,623) exceeded revenue ($801,511), the organization has historically managed its finances well, often operating with surpluses as seen in 202208 (revenue $945,601 vs. expenses $841,050) and 202108 (revenue $758,343 vs. expenses $619,473). The organization's liabilities have remained relatively low, indicating good financial management and a low risk of insolvency. Spending efficiency appears to be strong, with no officer compensation reported across all available filings, suggesting that resources are primarily directed towards programmatic activities and operational needs rather than executive salaries. This commitment to minimizing administrative overhead is a positive indicator for donors. The organization's NTEE code A62 (Arts & Culture) aligns with its name, suggesting a clear mission focus. Transparency is high given the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive historical view of its financial activities. The absence of reported officer compensation further enhances its transparency profile, as it clearly indicates how funds are being allocated. The organization's financial data is readily available, allowing for thorough public scrutiny.