Alternative Arts Project Inc
EIN: 453766063 · Cheyenne, WY · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $70K |
| Net Assets | $-47,632 |
Is Alternative Arts Project Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alternative Arts Project Inc
Alternative Arts Project Inc (EIN: 453766063) is a nonprofit organization based in Cheyenne, WY, classified under NTEE code A99. The organization reported total revenue of $52K and total assets of $332K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alternative Arts Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alternative Arts Project Inc is a micro nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $70K |
| Surplus / Deficit | $-21,630 |
| Total Assets | $350K |
| Total Liabilities | $397K |
| Net Assets | $-47,632 |
| Operating Margin | -45.1% |
| Debt-to-Asset Ratio | 113.6% |
| Months of Reserves | 60.3 months |
Financial Health Grade: C
In 2023, Alternative Arts Project Inc reported a deficit of $22K with expenses exceeding revenue, holds 60.3 months of operating reserves (strong position), has a debt-to-asset ratio of 113.6% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Alternative Arts Project Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | -49.7% | -9.1% |
| 2022 | -40.7% | +156.4% | -19.7% |
| 2021 | +28.3% | +103.3% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alternative Arts Project Inc 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 Alternative Arts Project Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.6%.
Frequently Asked Questions about Alternative Arts Project Inc
Is Alternative Arts Project Inc a legitimate charity?
Alternative Arts Project Inc (EIN: 453766063) is a registered tax-exempt nonprofit based in Wyoming. It has 4 years of IRS 990 filings on record. Total revenue: $52K. No red flags identified. Financial health grade: C.
How does Alternative Arts Project Inc spend its money?
Alternative Arts Project Inc reported $52K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Alternative Arts Project Inc tax-deductible?
Alternative Arts Project Inc is registered as a tax-exempt nonprofit (EIN: 453766063). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Alternative Arts Project Inc located?
Alternative Arts Project Inc is headquartered in Cheyenne, Wyoming and files with the IRS under EIN 453766063. It is classified under NTEE code A99.
How many years of IRS 990 filings does Alternative Arts Project Inc have?
Alternative Arts Project Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $52K in total revenue.
Filing History
IRS 990 filing history for Alternative Arts Project Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Alternative Arts Project Inc's revenue has declined by 16.6%, moving from $58K to $48K. Total assets decreased by 25.9% over the same period, from $472K to $350K. Total functional expenses rose by 162.3%, from $27K to $70K. In its most recent filing year (2023), Alternative Arts Project Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $397K in liabilities against $350K in assets (debt-to-asset ratio: 113.6%), resulting in net assets of $-47,632.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $70K | $350K | $397K | — | — |
| 2022 | $44K | $138K | $385K | $423K | — | View 990 |
| 2021 | $74K | $54K | $479K | $423K | — | View 990 |
| 2020 | $58K | $27K | $472K | $436K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $70K, and assets of $350K (revenue +9.6% year-over-year).
- 2022: Revenue of $44K, expenses of $138K, and assets of $385K (revenue -40.7% year-over-year).
- 2021: Revenue of $74K, expenses of $54K, and assets of $479K (revenue +28.3% year-over-year).
- 2020: Revenue of $58K, expenses of $27K, and assets of $472K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alternative Arts Project Inc:
Data Sources and Methodology
This transparency report for Alternative Arts Project 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.