Advocates For Arts Based Educationinc
Advocates For Arts Based Educationinc shows consistent revenue growth and stable operations with no reported officer compensation.
EIN: 203814839 · New Orleans, LA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.7M |
| Total Expenses | $25.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $23.0M |
| Transparency Score | 85/100 |
Is Advocates For Arts Based Educationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Advocates For Arts Based Educationinc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Advocates For Arts Based Educationinc
Advocates For Arts Based Educationinc (EIN: 203814839) is a nonprofit organization based in New Orleans, LA, classified under NTEE code B29. The organization reported total revenue of $33.7M and total assets of $23.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advocates For Arts Based Educationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advocates For Arts Based Educationinc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.5M |
| Total Expenses | $25.6M |
| Surplus / Deficit | $-123,734 |
| Total Assets | $29.8M |
| Total Liabilities | $6.8M |
| Net Assets | $23.0M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 22.9% |
| Months of Reserves | 14.0 months |
Financial Health Grade: B
In 2023, Advocates For Arts Based Educationinc reported a deficit of $124K with expenses exceeding revenue, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 22.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Advocates For Arts Based Educationinc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +16.4% | +-0.0% |
| 2022 | -0.1% | +8.7% | +19.1% |
| 2021 | +11.3% | +4.8% | -2.3% |
| 2020 | +1.6% | -3.8% | +21.3% |
| 2019 | +2.3% | +2.3% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Advocates For Arts Based Educationinc 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, Advocates For Arts Based Educationinc 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 deficit of $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual revenues exceeding $25 million and assets nearing $30 million. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, which could impact transparency.
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 Advocates For Arts Based Educationinc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further inquiry into executive remuneration practices.
Strengths
The following positive indicators were identified for Advocates For Arts Based Educationinc:
- Consistent revenue growth over a decade, from $18.6M in 2014 to $25.5M in 2023.
- Strong and growing asset base, increasing from $17.8M in 2014 to $29.8M in 2023.
- Stable financial operations with expenses generally aligned with revenue, indicating fiscal responsibility.
- Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency in reporting.
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $6.8M liabilities vs. $29.8M assets in 2023).
Frequently Asked Questions about Advocates For Arts Based Educationinc
Is Advocates For Arts Based Educationinc a legitimate charity?
Advocates For Arts Based Educationinc (EIN: 203814839) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $33.7M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Advocates For Arts Based Educationinc spend its money?
Advocates For Arts Based Educationinc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Advocates For Arts Based Educationinc tax-deductible?
Advocates For Arts Based Educationinc is registered as a tax-exempt nonprofit (EIN: 203814839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Advocates For Arts Based Educationinc CEO make?
Advocates For Arts Based Educationinc's highest-compensated officer earns $25 annually. The organization reported $33.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Advocates For Arts Based Educationinc's spending goes to programs?
Advocates For Arts Based Educationinc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Advocates For Arts Based Educationinc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Advocates For Arts Based Educationinc 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 Advocates For Arts Based Educationinc located?
Advocates For Arts Based Educationinc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 203814839. It is classified under NTEE code B29.
How many years of IRS 990 filings does Advocates For Arts Based Educationinc have?
Advocates For Arts Based Educationinc 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 $33.7M in total revenue.
Is Advocates For Arts Based Educationinc a good charity?
Based on its consistent revenue growth, increasing asset base, and stable financial operations over a decade, Advocates For Arts Based Educationinc appears to be a well-managed and impactful organization. Its financial health is strong, and it consistently files its IRS 990s.
How has the organization's revenue grown over time?
The organization has shown significant revenue growth, increasing from $18,643,348 in 2014 to $25,517,259 in 2023, representing an increase of over 37% in less than a decade.
What is the trend in the organization's assets?
Advocates For Arts Based Educationinc's assets have steadily grown from $17,870,289 in 2014 to $29,844,805 in 2023, indicating strong financial accumulation and capacity.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It could mean that executive leadership is entirely volunteer-based, or that compensation is reported under other expense categories, which would require further clarification for full transparency.
Filing History
IRS 990 filing history for Advocates For Arts Based Educationinc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Advocates For Arts Based Educationinc's revenue has grown by 64.7%, moving from $15.5M to $25.5M. Total assets increased by 77% over the same period, from $16.9M to $29.8M. Total functional expenses rose by 81.7%, from $14.1M to $25.6M. In its most recent filing year (2023), Advocates For Arts Based Educationinc reported a deficit of $124K, with expenses exceeding revenue. The organization holds $6.8M in liabilities against $29.8M in assets (debt-to-asset ratio: 22.9%), resulting in net assets of $23.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.5M | $25.6M | $29.8M | $6.8M | — | — |
| 2022 | $22.7M | $22.0M | $29.8M | $6.8M | — | View 990 |
| 2021 | $22.7M | $20.3M | $25.1M | $2.0M | — | View 990 |
| 2020 | $20.4M | $19.3M | $25.6M | $4.8M | — | View 990 |
| 2019 | $20.1M | $20.1M | $21.1M | $1.6M | — | View 990 |
| 2018 | $19.6M | $19.7M | $20.7M | $1.4M | — | View 990 |
| 2017 | $18.8M | $18.8M | $21.0M | $1.4M | — | View 990 |
| 2016 | $19.2M | $18.0M | $21.1M | $1.5M | — | View 990 |
| 2015 | $18.6M | $17.2M | $19.3M | $912K | — | View 990 |
| 2014 | $18.6M | $17.0M | $17.9M | $881K | — | View 990 |
| 2013 | $16.5M | $16.4M | $16.4M | $1.0M | — | View 990 |
| 2012 | $16.4M | $17.2M | $16.2M | $955K | — | View 990 |
| 2011 | $15.5M | $14.1M | $16.9M | $774K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.5M, expenses of $25.6M, and assets of $29.8M (revenue +12.5% year-over-year).
- 2022: Revenue of $22.7M, expenses of $22.0M, and assets of $29.8M (revenue -0.1% year-over-year).
- 2021: Revenue of $22.7M, expenses of $20.3M, and assets of $25.1M (revenue +11.3% year-over-year).
- 2020: Revenue of $20.4M, expenses of $19.3M, and assets of $25.6M (revenue +1.6% year-over-year).
- 2019: Revenue of $20.1M, expenses of $20.1M, and assets of $21.1M (revenue +2.3% year-over-year).
- 2018: Revenue of $19.6M, expenses of $19.7M, and assets of $20.7M (revenue +4.3% year-over-year).
- 2017: Revenue of $18.8M, expenses of $18.8M, and assets of $21.0M (revenue -2.0% year-over-year).
- 2016: Revenue of $19.2M, expenses of $18.0M, and assets of $21.1M (revenue +3.2% year-over-year).
- 2015: Revenue of $18.6M, expenses of $17.2M, and assets of $19.3M (revenue -0.2% year-over-year).
- 2014: Revenue of $18.6M, expenses of $17.0M, and assets of $17.9M (revenue +13.3% year-over-year).
- 2013: Revenue of $16.5M, expenses of $16.4M, and assets of $16.4M (revenue +0.4% year-over-year).
- 2012: Revenue of $16.4M, expenses of $17.2M, and assets of $16.2M (revenue +5.8% year-over-year).
- 2011: Revenue of $15.5M, expenses of $14.1M, and assets of $16.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advocates For Arts Based Educationinc:
Data Sources and Methodology
This transparency report for Advocates For Arts Based Educationinc 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.