Quick charity verification for Redhouse Arts Center Inc (EIN: 222366669)
Verdict: Redhouse Arts Center Inc appears trustworthy
75/100Mission Score
$3.1MRevenue
$11.0MAssets
3Red Flags
3Strengths
Red Flags
Total liabilities of $45,231,139 in 2023 significantly outweigh total assets of $53,230,575, indicating a high debt burden.
The organization has consistently reported negative net income (expenses exceeding revenue) in several recent years, including a deficit of $294,100 in 2023 and $255,237 in 2022.
The rapid increase in assets from $5,536,909 in 2016 to $53,230,575 in 2023, coupled with a similar rise in liabilities, suggests significant capital projects or acquisitions that warrant further investigation.
Strengths
Significant revenue growth from $1,288,436 in 2021 to $4,688,149 in 2023 demonstrates increasing community engagement and support.
The organization has a substantial asset base, indicating a strong physical presence and potential for future programming.
Consistent operation over many years suggests a stable presence in the Syracuse community.
AI Transparency Report
Redhouse Arts Center Inc is a unknown nonprofit based in Syracuse, New York, with reported revenue of $3.1M and assets of $11.0M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation details are not explicitly disclosed in the provided data, preventing a specific assessment of individual salaries. Revenue has grown +696% across 13 filing periods.