African American Performing Arts Center Foundation
EIN: 261280620 · Albuquerque, NM · NTEE: A61
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $70K |
| Net Assets | $24K |
Is African American Performing Arts Center Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About African American Performing Arts Center Foundation
African American Performing Arts Center Foundation (EIN: 261280620) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code A61. The organization reported total revenue of $77K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African American Performing Arts Center Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African American Performing Arts Center Foundation is a micro nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $70K |
| Surplus / Deficit | +$26K |
| Total Assets | $29K |
| Total Liabilities | $5K |
| Net Assets | $24K |
| Operating Margin | 27.4% |
| Debt-to-Asset Ratio | 16.4% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2022, African American Performing Arts Center Foundation reported a surplus of $26K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 16.4% (very low leverage).
Financial Trends
Over 7 years of filings (2012–2022), African American Performing Arts Center Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +109.6% | -6.0% | +667.4% |
| 2021 | -86.4% | -75.1% | -86.2% |
| 2020 | +419.1% | +254.4% | +374.4% |
| 2019 | -33.1% | -21.1% | -3.3% |
| 2018 | +1.4% | -3.2% | -62.0% |
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 Analysis Pending
AI enrichment for African American Performing Arts Center Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African American Performing Arts Center Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.4%.
Frequently Asked Questions about African American Performing Arts Center Foundation
Is African American Performing Arts Center Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, African American Performing Arts Center Foundation (EIN: 261280620) insufficient data. 0 red flags identified, 0 strengths noted.
How does African American Performing Arts Center Foundation spend its money?
Detailed spending breakdown data is not yet available for African American Performing Arts Center Foundation. Check back for updated IRS 990 analysis.
Are donations to African American Performing Arts Center Foundation tax-deductible?
African American Performing Arts Center Foundation is registered as a tax-exempt nonprofit (EIN: 261280620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is African American Performing Arts Center Foundation located?
African American Performing Arts Center Foundation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 261280620. It is classified under NTEE code A61.
How many years of IRS 990 filings does African American Performing Arts Center Foundation have?
African American Performing Arts Center Foundation has 7 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 $77K in total revenue.
Filing History
IRS 990 filing history for African American Performing Arts Center Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2022), African American Performing Arts Center Foundation's revenue has grown by 225%, moving from $29K to $96K. Total assets decreased by 84.2% over the same period, from $185K to $29K. Total functional expenses fell by 23.8%, from $91K to $70K. In its most recent filing year (2022), African American Performing Arts Center Foundation reported a surplus of $26K, with revenue exceeding expenses. The organization holds $5K in liabilities against $29K in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $96K | $70K | $29K | $5K | — | View 990 |
| 2021 | $46K | $74K | $4K | $6K | — | — |
| 2020 | $335K | $297K | $27K | $2K | — | View 990 |
| 2019 | $65K | $84K | $6K | $18K | — | View 990 |
| 2018 | $97K | $106K | $6K | $1K | — | View 990 |
| 2017 | $95K | $110K | $16K | $1K | — | View 990 |
| 2012 | $29K | $91K | $185K | $2K | — | — |
Year-by-Year Financial Summary
- 2022: Revenue of $96K, expenses of $70K, and assets of $29K (revenue +109.6% year-over-year).
- 2021: Revenue of $46K, expenses of $74K, and assets of $4K (revenue -86.4% year-over-year).
- 2020: Revenue of $335K, expenses of $297K, and assets of $27K (revenue +419.1% year-over-year).
- 2019: Revenue of $65K, expenses of $84K, and assets of $6K (revenue -33.1% year-over-year).
- 2018: Revenue of $97K, expenses of $106K, and assets of $6K (revenue +1.4% year-over-year).
- 2017: Revenue of $95K, expenses of $110K, and assets of $16K (revenue +223.2% year-over-year).
- 2012: Revenue of $29K, expenses of $91K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African American Performing Arts Center Foundation:
Data Sources and Methodology
This transparency report for African American Performing Arts Center Foundation 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.