After School Arts Program Inc
After School Arts Program Inc maintains stable operations with zero reported officer compensation over a decade.
EIN: 201308465 · Washington Dt, CT · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $709K |
| Program Spending | 85% |
| Net Assets | $301K |
| Transparency Score | 90/100 |
Is After School Arts Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
After School Arts Program Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About After School Arts Program Inc
After School Arts Program Inc (EIN: 201308465) is a nonprofit organization based in Washington Dt, CT, classified under NTEE code A25. The organization reported total revenue of $1.0M and total assets of $617K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of After School Arts Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
After School Arts Program Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $624K |
| Total Expenses | $709K |
| Surplus / Deficit | $-84,986 |
| Total Assets | $367K |
| Total Liabilities | $66K |
| Net Assets | $301K |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 18.0% |
| Months of Reserves | 6.2 months |
Financial Health Grade: B
In 2024, After School Arts Program Inc reported a deficit of $85K with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 18.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), After School Arts Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.3% | +21.3% | -16.4% |
| 2023 | -0.8% | +14.3% | +2.6% |
| 2022 | +17.5% | +25.8% | +2.1% |
| 2021 | +2.8% | -25.1% | +29.7% |
| 2020 | -25.4% | -9.7% | -14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 After School Arts Program Inc with a Mission Score of 90 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, After School Arts Program Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.
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 After School Arts Program Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (202406) by $84,986, which could indicate a short-term deficit.
Strengths
The following positive indicators were identified for After School Arts Program Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency.
- Stable asset growth from $240,994 in 2015 to $367,262 in 2024.
- Manageable liabilities relative to assets, indicating financial stability.
- Consistent program delivery over a decade, as evidenced by stable revenue and expense patterns.
Frequently Asked Questions about After School Arts Program Inc
Is After School Arts Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, After School Arts Program Inc (EIN: 201308465) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does After School Arts Program Inc spend its money?
After School Arts Program Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to After School Arts Program Inc tax-deductible?
After School Arts Program Inc is registered as a tax-exempt nonprofit (EIN: 201308465). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of After School Arts Program Inc's spending goes to programs?
After School Arts Program Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does After School Arts Program Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), After School Arts Program Inc is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is After School Arts Program Inc located?
After School Arts Program Inc is headquartered in Washington Dt, Connecticut and files with the IRS under EIN 201308465. It is classified under NTEE code A25.
How many years of IRS 990 filings does After School Arts Program Inc have?
After School Arts Program Inc has 14 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 $1.0M in total revenue.
Is After School Arts Program Inc a good charity?
Based on the available financial data, After School Arts Program Inc appears to be a good charity. It demonstrates financial stability, consistent program delivery, and notably, zero reported officer compensation, suggesting a strong commitment to directing funds to its mission.
How has After School Arts Program Inc's financial health changed over time?
The organization has shown consistent revenue and expense levels over the past decade, with assets growing from $240,994 in 2015 to $367,262 in 2024, indicating stable and improving financial health.
What is After School Arts Program Inc's approach to executive compensation?
After School Arts Program Inc reports 0% officer compensation in all available filings, indicating a highly efficient approach where top leadership is not compensated through traditional officer salaries, or is entirely volunteer-based.
Does After School Arts Program Inc spend efficiently?
Yes, the organization appears to spend efficiently, particularly given its consistent reporting of zero officer compensation, which frees up more resources for program delivery and administrative overhead.
Filing History
IRS 990 filing history for After School Arts Program Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), After School Arts Program Inc's revenue has grown by 36.6%, moving from $457K to $624K. Total assets increased by 67.5% over the same period, from $219K to $367K. Total functional expenses rose by 67.4%, from $423K to $709K. In its most recent filing year (2024), After School Arts Program Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $66K in liabilities against $367K in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $301K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $624K | $709K | $367K | $66K | — | View 990 |
| 2023 | $571K | $585K | $439K | $58K | — | View 990 |
| 2022 | $576K | $511K | $428K | $44K | — | View 990 |
| 2021 | $490K | $406K | $419K | $82K | — | View 990 |
| 2020 | $476K | $542K | $323K | $70K | — | View 990 |
| 2019 | $638K | $600K | $380K | $60K | — | View 990 |
| 2018 | $613K | $569K | $345K | $63K | — | View 990 |
| 2017 | $586K | $517K | $303K | $66K | — | View 990 |
| 2016 | $585K | $603K | $206K | $37K | — | View 990 |
| 2015 | $555K | $549K | $241K | $54K | — | View 990 |
| 2014 | $573K | $547K | $245K | $65K | — | View 990 |
| 2013 | $539K | $514K | $218K | $63K | — | View 990 |
| 2012 | $532K | $553K | $213K | $84K | — | View 990 |
| 2011 | $457K | $423K | $219K | $69K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $624K, expenses of $709K, and assets of $367K (revenue +9.3% year-over-year).
- 2023: Revenue of $571K, expenses of $585K, and assets of $439K (revenue -0.8% year-over-year).
- 2022: Revenue of $576K, expenses of $511K, and assets of $428K (revenue +17.5% year-over-year).
- 2021: Revenue of $490K, expenses of $406K, and assets of $419K (revenue +2.8% year-over-year).
- 2020: Revenue of $476K, expenses of $542K, and assets of $323K (revenue -25.4% year-over-year).
- 2019: Revenue of $638K, expenses of $600K, and assets of $380K (revenue +4.2% year-over-year).
- 2018: Revenue of $613K, expenses of $569K, and assets of $345K (revenue +4.6% year-over-year).
- 2017: Revenue of $586K, expenses of $517K, and assets of $303K (revenue +0.1% year-over-year).
- 2016: Revenue of $585K, expenses of $603K, and assets of $206K (revenue +5.4% year-over-year).
- 2015: Revenue of $555K, expenses of $549K, and assets of $241K (revenue -3.0% year-over-year).
- 2014: Revenue of $573K, expenses of $547K, and assets of $245K (revenue +6.2% year-over-year).
- 2013: Revenue of $539K, expenses of $514K, and assets of $218K (revenue +1.4% year-over-year).
- 2012: Revenue of $532K, expenses of $553K, and assets of $213K (revenue +16.4% year-over-year).
- 2011: Revenue of $457K, expenses of $423K, and assets of $219K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for After School Arts Program Inc:
Data Sources and Methodology
This transparency report for After School Arts Program Inc 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.