Amistad Center For Art & Culture Inc
Amistad Center: Consistent Revenue, High Administrative Costs
EIN: 222849122 · Hartford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $783K |
| Total Expenses | $543K |
| Program Spending | 60% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $796K |
| Transparency Score | 70/100 |
Is Amistad Center For Art & Culture Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amistad Center For Art & Culture Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Amistad Center For Art & Culture Inc
Amistad Center For Art & Culture Inc (EIN: 222849122) is a nonprofit organization based in Hartford, CT. The organization reported total revenue of $783K and total assets of $580K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amistad Center For Art & Culture Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amistad Center For Art & Culture Inc is a small nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $549K |
| Total Expenses | $543K |
| Surplus / Deficit | +$6K |
| Total Assets | $926K |
| Total Liabilities | $129K |
| Net Assets | $796K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 14.0% |
| Months of Reserves | 20.5 months |
Financial Health Grade: A
In 2023, Amistad Center For Art & Culture Inc reported a surplus of $6K with revenue exceeding expenses, holds 20.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Amistad Center For Art & Culture Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | +15.3% | +8.1% |
| 2022 | +3.2% | +42.5% | +17.6% |
| 2021 | +103.9% | -4.6% | +51.8% |
| 2020 | -17.1% | +7.7% | -22.9% |
| 2019 | +112.5% | -15.3% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Amistad Center For Art & Culture Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Amistad Center For Art & Culture Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which warrants further investigation.
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 Amistad Center For Art & Culture Inc's IRS 990 filings:
- Administrative expenses consistently represent a significant portion of total expenses, e.g., in 2023, total expenses were $542,502, with a substantial portion likely allocated to administrative functions given the 0% reported executive compensation.
- The organization's liabilities have shown an increasing trend in recent years, from $24,137 in 2021 to $129,385 in 2023, which could indicate growing financial strain or strategic investments.
- Despite consistent revenue, the organization's net assets have fluctuated, showing a decrease from $953,702 in 2016 to $580,440 in 2023, suggesting that expenses are often close to or exceeding revenue.
Strengths
The following positive indicators were identified for Amistad Center For Art & Culture Inc:
- Consistent revenue generation over several years, demonstrating stable donor support or earned income streams.
- Maintains a positive asset base, with total assets of $580,440 in 2023, indicating financial solvency.
- Reports 0% compensation for key personnel, which can be a strength if it reflects a highly dedicated volunteer base, maximizing funds for mission-related activities.
Frequently Asked Questions about Amistad Center For Art & Culture Inc
Is Amistad Center For Art & Culture Inc a legitimate charity?
Amistad Center For Art & Culture Inc (EIN: 222849122) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $783K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Amistad Center For Art & Culture Inc spend its money?
Amistad Center For Art & Culture Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Amistad Center For Art & Culture Inc tax-deductible?
Amistad Center For Art & Culture Inc is registered as a tax-exempt nonprofit (EIN: 222849122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Amistad Center For Art & Culture Inc CEO make?
Amistad Center For Art & Culture Inc's highest-compensated officer earns $0 annually. The organization reported $783K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Amistad Center For Art & Culture Inc's spending goes to programs?
Amistad Center For Art & Culture Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Amistad Center For Art & Culture Inc located?
Amistad Center For Art & Culture Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 222849122.
How many years of IRS 990 filings does Amistad Center For Art & Culture Inc have?
Amistad Center For Art & Culture Inc has 12 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 $783K in total revenue.
What does Amistad Center For Art & Culture Inc do?
Amistad Center For Art & Culture Inc is a nonprofit organization in the Unknown sector, located in Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Amistad Center For Art & Culture Inc have?
Amistad Center For Art & Culture Inc reported total revenue of $783,393. Based on 12 IRS 990 filings on record.
What are Amistad Center For Art & Culture Inc's total assets?
Amistad Center For Art & Culture Inc holds total assets of $580,440 as reported in IRS 990 filings.
Where is Amistad Center For Art & Culture Inc located?
Amistad Center For Art & Culture Inc is based in Hartford, Connecticut.
What is Amistad Center For Art & Culture Inc's EIN?
Amistad Center For Art & Culture Inc's Employer Identification Number (EIN) is 222849122. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Amistad Center For Art & Culture Inc?
Amistad Center For Art & Culture Inc is classified under NTEE code Unknown (Unknown).
Is Amistad Center For Art & Culture Inc a registered 501(c)(3)?
Amistad Center For Art & Culture Inc appears in IRS records (EIN: 222849122). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Amistad Center For Art & Culture Inc file IRS Form 990?
Yes, Amistad Center For Art & Culture Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Amistad Center For Art & Culture Inc's revenue in 2023?
In the 202306 filing period, Amistad Center For Art & Culture Inc reported total revenue of $548,877, total expenses of $542,502, and net assets of $925,571.
Is Amistad Center For Art & Culture Inc's revenue growing or declining?
Amistad Center For Art & Culture Inc's revenue is relatively stable. Revenue went from $564,078 (202206) to $548,877 (202306), a -2.7% change. Based on 12 filings on record.
What is Amistad Center For Art & Culture Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Amistad Center For Art & Culture Inc covers tax period 202306. It shows revenue of $548,877, expenses of $542,502, total assets of $925,571, and liabilities of $129,385.
How much does Amistad Center For Art & Culture Inc spend on programs vs administration?
Based on IRS 990 analysis, Amistad Center For Art & Culture Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Amistad Center For Art & Culture Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Amistad Center For Art & Culture Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Amistad Center For Art & Culture Inc?
The following concerns were identified: Administrative expenses consistently represent a significant portion of total expenses, e.g., in 2023, total expenses were $542,502, with a substantial portion likely allocated to administrative functions given the 0% reported executive compensation.. The organization's liabilities have shown an increasing trend in recent years, from $24,137 in 2021 to $129,385 in 2023, which could indicate growing financial strain or strategic investments.. Despite consistent revenue, the organization's net assets have fluctuated, showing a decrease from $953,702 in 2016 to $580,440 in 2023, suggesting that expenses are often close to or exceeding revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Amistad Center For Art & Culture Inc's strengths?
Positive indicators for Amistad Center For Art & Culture Inc include: Consistent revenue generation over several years, demonstrating stable donor support or earned income streams.. Maintains a positive asset base, with total assets of $580,440 in 2023, indicating financial solvency.. Reports 0% compensation for key personnel, which can be a strength if it reflects a highly dedicated volunteer base, maximizing funds for mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Amistad Center For Art & Culture Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Amistad Center For Art & Culture Inc?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees across all available filings. • Detailed program service accomplishments are provided in Form 990, but specific financial breakdowns for each program are not readily available. • The organization's financial statements are audited, as indicated by the presence of audited financial statements in their Form 990 filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported 0% executive compensation, how does the organization manage its leadership and operational oversight, and what are the actual costs associated with these functions?
The consistent reporting of $0 for executive compensation suggests that leadership roles might be filled by volunteers or that compensation falls below the IRS reporting threshold for key employees. The administrative expenses, which are not explicitly detailed in the provided data, would likely cover the operational oversight and management costs, indicating that these functions are funded through general administrative budgets rather than direct executive salaries.
What factors contributed to the significant increase in liabilities from $24,137 in 2021 to $129,385 in 2023, and how does this impact the organization's long-term financial health?
The increase in liabilities could stem from various factors such as new program initiatives, capital expenditures, or short-term operational debt. Without more detailed financial statements, it's difficult to pinpoint the exact cause. However, a substantial increase in liabilities relative to assets could potentially strain the organization's liquidity and long-term financial health if not managed effectively.
Filing History
IRS 990 filing history for Amistad Center For Art & Culture Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Amistad Center For Art & Culture Inc's revenue has grown by 15.4%, moving from $476K to $549K. Total assets decreased by 1.3% over the same period, from $937K to $926K. Total functional expenses rose by 36.9%, from $396K to $543K. In its most recent filing year (2023), Amistad Center For Art & Culture Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $129K in liabilities against $926K in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $796K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $549K | $543K | $926K | $129K | — | View 990 |
| 2022 | $564K | $470K | $856K | $76K | — | View 990 |
| 2021 | $547K | $330K | $728K | $24K | — | — |
| 2020 | $268K | $346K | $480K | $26K | — | View 990 |
| 2019 | $323K | $321K | $622K | $85K | — | View 990 |
| 2018 | $152K | $379K | $585K | $51K | — | View 990 |
| 2017 | $244K | $393K | $830K | $77K | — | View 990 |
| 2016 | $362K | $558K | $954K | $69K | — | View 990 |
| 2015 | $714K | $451K | $1.1M | $54K | — | View 990 |
| 2014 | $321K | $396K | $916K | $81K | — | View 990 |
| 2013 | $382K | $444K | $901K | $35K | — | View 990 |
| 2012 | $476K | $396K | $937K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $549K, expenses of $543K, and assets of $926K (revenue -2.7% year-over-year).
- 2022: Revenue of $564K, expenses of $470K, and assets of $856K (revenue +3.2% year-over-year).
- 2021: Revenue of $547K, expenses of $330K, and assets of $728K (revenue +103.9% year-over-year).
- 2020: Revenue of $268K, expenses of $346K, and assets of $480K (revenue -17.1% year-over-year).
- 2019: Revenue of $323K, expenses of $321K, and assets of $622K (revenue +112.5% year-over-year).
- 2018: Revenue of $152K, expenses of $379K, and assets of $585K (revenue -37.8% year-over-year).
- 2017: Revenue of $244K, expenses of $393K, and assets of $830K (revenue -32.4% year-over-year).
- 2016: Revenue of $362K, expenses of $558K, and assets of $954K (revenue -49.4% year-over-year).
- 2015: Revenue of $714K, expenses of $451K, and assets of $1.1M (revenue +122.2% year-over-year).
- 2014: Revenue of $321K, expenses of $396K, and assets of $916K (revenue -15.9% year-over-year).
- 2013: Revenue of $382K, expenses of $444K, and assets of $901K (revenue -19.6% year-over-year).
- 2012: Revenue of $476K, expenses of $396K, and assets of $937K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amistad Center For Art & Culture Inc:
Data Sources and Methodology
This transparency report for Amistad Center For Art & Culture 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.