Academy Of Arts And Sciences
Academy Of Arts And Sciences shows consistent revenue growth and improving asset-to-liability ratio, with no reported officer compensation.
EIN: 203171729 · Sandusky, OH · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| Net Assets | $-26,212 |
| Transparency Score | 85/100 |
Is Academy Of Arts And Sciences Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Academy Of Arts And Sciences directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Academy Of Arts And Sciences
Academy Of Arts And Sciences (EIN: 203171729) is a nonprofit organization based in Sandusky, OH, classified under NTEE code B29. The organization reported total revenue of $3.5M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academy Of Arts And Sciences's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academy Of Arts And Sciences is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$238K |
| Total Assets | $2.5M |
| Total Liabilities | $2.5M |
| Net Assets | $-26,212 |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 101.0% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Academy Of Arts And Sciences reported a surplus of $238K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 101.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Academy Of Arts And Sciences's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | +15.9% | +12.9% |
| 2022 | -4.9% | -10.7% | +56.5% |
| 2021 | +31.3% | +28.8% | +141.3% |
| 2020 | +23.3% | +31.9% | -12.6% |
| 2019 | +80.6% | +156.1% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Academy Of Arts And Sciences with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Academy Of Arts And Sciences allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $238K, with revenue exceeding expenses.
- Debt-to-asset ratio: 101.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to directing funds towards program services.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Academy Of Arts And Sciences's IRS 990 filings:
- Historically high liabilities relative to assets, though improving in recent years (e.g., 2019 liabilities of $2,416,422 vs. assets of $671,519).
Strengths
The following positive indicators were identified for Academy Of Arts And Sciences:
- Consistent revenue growth, from $1,198,343 in 2018 to $3,349,958 in 2023.
- Positive operating margins, with revenue generally exceeding expenses (e.g., 2023 revenue of $3,349,958 vs. expenses of $3,111,582).
- Significant asset growth, from $441,713 in 2014 to $2,503,709 in 2023.
- No reported officer compensation, indicating high efficiency and dedication of funds to mission.
- Improving asset-to-liability ratio in recent filings.
Frequently Asked Questions about Academy Of Arts And Sciences
Is Academy Of Arts And Sciences a legitimate charity?
Academy Of Arts And Sciences (EIN: 203171729) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Academy Of Arts And Sciences spend its money?
Academy Of Arts And Sciences directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Academy Of Arts And Sciences tax-deductible?
Academy Of Arts And Sciences is registered as a tax-exempt nonprofit (EIN: 203171729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Academy Of Arts And Sciences's spending goes to programs?
Academy Of Arts And Sciences directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Academy Of Arts And Sciences compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Academy Of Arts And Sciences is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Academy Of Arts And Sciences located?
Academy Of Arts And Sciences is headquartered in Sandusky, Ohio and files with the IRS under EIN 203171729. It is classified under NTEE code B29.
How many years of IRS 990 filings does Academy Of Arts And Sciences have?
Academy Of Arts And Sciences has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
Is Academy Of Arts And Sciences financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $1,198,343 in 2018 to $3,349,958 in 2023, and a positive operating margin where revenue generally exceeds expenses. Assets have also grown significantly, from $441,713 in 2014 to $2,503,709 in 2023.
How does the organization manage its liabilities?
Historically, liabilities were high, often exceeding assets, such as $2,416,422 in liabilities versus $671,519 in assets in 2019. However, the trend has improved, with assets ($2,503,709) nearly matching liabilities ($2,529,921) in 2023, indicating better financial management and a strengthening balance sheet.
What is the trend in the organization's assets?
The organization's assets have shown substantial growth, increasing from $441,713 in 2014 to $2,503,709 in 2023, reflecting a significant improvement in its financial resources over the past decade.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating that officers are not compensated through salaries.
Filing History
IRS 990 filing history for Academy Of Arts And Sciences showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Academy Of Arts And Sciences's revenue has grown by 151.3%, moving from $1.3M to $3.3M. Total assets increased by 1428.6% over the same period, from $164K to $2.5M. Total functional expenses rose by 142.5%, from $1.3M to $3.1M. In its most recent filing year (2023), Academy Of Arts And Sciences reported a surplus of $238K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $2.5M in assets (debt-to-asset ratio: 101.0%), resulting in net assets of $-26,212.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.1M | $2.5M | $2.5M | — | View 990 |
| 2022 | $3.3M | $2.7M | $2.2M | $2.5M | — | View 990 |
| 2021 | $3.5M | $3.0M | $1.4M | $2.3M | — | — |
| 2020 | $2.7M | $2.3M | $587K | $2.0M | — | View 990 |
| 2019 | $2.2M | $1.8M | $672K | $2.4M | — | View 990 |
| 2018 | $1.2M | $691K | $586K | $2.7M | — | View 990 |
| 2017 | $1.6M | $1.5M | $576K | $2.8M | — | View 990 |
| 2016 | $1.7M | $1.6M | $468K | $2.9M | — | View 990 |
| 2015 | $1.8M | $2.0M | $448K | $2.9M | — | View 990 |
| 2014 | $2.4M | $2.2M | $442K | $498K | — | View 990 |
| 2013 | $1.9M | $1.8M | $164K | $391K | — | View 990 |
| 2012 | $1.1M | $1.2M | $137K | $564K | — | View 990 |
| 2011 | $1.3M | $1.3M | $164K | $525K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.1M, and assets of $2.5M (revenue +0.5% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.7M, and assets of $2.2M (revenue -4.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.0M, and assets of $1.4M (revenue +31.3% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.3M, and assets of $587K (revenue +23.3% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.8M, and assets of $672K (revenue +80.6% year-over-year).
- 2018: Revenue of $1.2M, expenses of $691K, and assets of $586K (revenue -24.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $576K (revenue -6.0% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $468K (revenue -5.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.0M, and assets of $448K (revenue -25.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.2M, and assets of $442K (revenue +24.0% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.8M, and assets of $164K (revenue +70.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $137K (revenue -14.2% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $164K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Academy Of Arts And Sciences:
Data Sources and Methodology
This transparency report for Academy Of Arts And Sciences is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.