Art Academy Housing Inc
Art Academy Housing Inc. shows consistent revenue growth and no reported officer compensation across all filings.
EIN: 205149610 · Cincinnati, OH · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $623K |
| Total Expenses | $478K |
| Program Spending | 85% |
| Net Assets | $152K |
| Transparency Score | 90/100 |
Is Art Academy Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Art Academy Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Art Academy Housing Inc
Art Academy Housing Inc (EIN: 205149610) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code B90. The organization reported total revenue of $623K and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art Academy Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art Academy Housing Inc is a small nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $553K |
| Total Expenses | $478K |
| Surplus / Deficit | +$75K |
| Total Assets | $187K |
| Total Liabilities | $35K |
| Net Assets | $152K |
| Operating Margin | 13.6% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2021, Art Academy Housing Inc reported a surplus of $75K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Art Academy Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +41.2% | +66.7% | +55.1% |
| 2020 | +40.6% | +1.6% | +99.8% |
| 2019 | +98.2% | +29.8% | +4.1% |
| 2018 | -37.7% | -0.7% | -97.1% |
| 2017 | -10.6% | +6.2% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
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 Art Academy Housing 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, Art Academy Housing 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 11 filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led or externally funded leadership structure.
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 Art Academy Housing Inc's IRS 990 filings:
- Unusually low assets relative to historical figures in recent years (e.g., $186,974 in 202105 compared to $2,014,041 in 201705), requiring further investigation into the cause of this significant reduction.
- The consistent 0% officer compensation across all filings, while positive for efficiency, is highly unusual for an organization with growing revenue and could indicate an alternative compensation structure not captured or a fully volunteer-run leadership, which might raise questions about long-term sustainability or professional management capacity.
Strengths
The following positive indicators were identified for Art Academy Housing Inc:
- Consistent revenue growth in recent years, from $140,578 in 201805 to $553,161 in 202105.
- Positive net income in recent periods, indicating sound financial management (e.g., $553,161 revenue vs. $477,824 expenses in 202105).
- No reported officer compensation across all 11 filings, suggesting high efficiency in directing funds to mission.
- Healthy asset growth in recent years, with assets increasing from $60,366 in 201905 to $186,974 in 202105.
- Strong filing history with 11 IRS 990 filings, demonstrating commitment to transparency.
Frequently Asked Questions about Art Academy Housing Inc
Is Art Academy Housing Inc a legitimate charity?
Art Academy Housing Inc (EIN: 205149610) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $623K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Art Academy Housing Inc spend its money?
Art Academy Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Art Academy Housing Inc tax-deductible?
Art Academy Housing Inc is registered as a tax-exempt nonprofit (EIN: 205149610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Art Academy Housing Inc's spending goes to programs?
Art Academy Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Art Academy Housing Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Art Academy Housing Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Art Academy Housing Inc located?
Art Academy Housing Inc is headquartered in Cincinnati, Ohio and files with the IRS under EIN 205149610. It is classified under NTEE code B90.
How many years of IRS 990 filings does Art Academy Housing Inc have?
Art Academy Housing Inc has 11 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 $623K in total revenue.
Is Art Academy Housing Inc. financially stable?
Yes, Art Academy Housing Inc. appears financially stable, with consistent revenue growth in recent years (e.g., $391,693 in 202005 to $553,161 in 202105) and a positive net income in its latest filings. Its assets have also grown, reaching $186,974 in 202105.
How does Art Academy Housing Inc. manage executive compensation?
Art Academy Housing Inc. reports 0% officer compensation across all 11 available IRS 990 filings, indicating that no salaries are paid to its officers or key employees.
Has Art Academy Housing Inc. experienced significant growth?
Yes, the organization has shown significant revenue growth, increasing from $140,578 in 201805 to $553,161 in 202105. Its assets have also grown substantially in recent years, from $60,366 in 201905 to $186,974 in 202105.
What is the trend in the organization's assets and liabilities?
After a period of high assets and liabilities (e.g., $2,014,041 assets and $1,961,727 liabilities in 201705), the organization's assets and liabilities significantly decreased and have since shown a healthy growth trend with assets ($186,974 in 202105) comfortably exceeding liabilities ($34,600 in 202105).
Filing History
IRS 990 filing history for Art Academy Housing Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Art Academy Housing Inc's revenue has grown by 243.3%, moving from $161K to $553K. Total assets decreased by 72.4% over the same period, from $678K to $187K. Total functional expenses rose by 225%, from $147K to $478K. In its most recent filing year (2021), Art Academy Housing Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $35K in liabilities against $187K in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $152K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $553K | $478K | $187K | $35K | — | View 990 |
| 2020 | $392K | $287K | $121K | $44K | — | View 990 |
| 2019 | $279K | $282K | $60K | $88K | — | View 990 |
| 2018 | $141K | $217K | $58K | $82K | — | View 990 |
| 2017 | $226K | $219K | $2.0M | $2.0M | — | View 990 |
| 2016 | $252K | $206K | $1.8M | $1.7M | — | View 990 |
| 2015 | $201K | $201K | $1.5M | $1.5M | — | View 990 |
| 2014 | $229K | $205K | $1.3M | $1.3M | — | View 990 |
| 2013 | $174K | $217K | $1.1M | $1.1M | — | View 990 |
| 2012 | $225K | $203K | $919K | $901K | — | View 990 |
| 2011 | $161K | $147K | $678K | $682K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $553K, expenses of $478K, and assets of $187K (revenue +41.2% year-over-year).
- 2020: Revenue of $392K, expenses of $287K, and assets of $121K (revenue +40.6% year-over-year).
- 2019: Revenue of $279K, expenses of $282K, and assets of $60K (revenue +98.2% year-over-year).
- 2018: Revenue of $141K, expenses of $217K, and assets of $58K (revenue -37.7% year-over-year).
- 2017: Revenue of $226K, expenses of $219K, and assets of $2.0M (revenue -10.6% year-over-year).
- 2016: Revenue of $252K, expenses of $206K, and assets of $1.8M (revenue +25.2% year-over-year).
- 2015: Revenue of $201K, expenses of $201K, and assets of $1.5M (revenue -12.2% year-over-year).
- 2014: Revenue of $229K, expenses of $205K, and assets of $1.3M (revenue +32.1% year-over-year).
- 2013: Revenue of $174K, expenses of $217K, and assets of $1.1M (revenue -22.6% year-over-year).
- 2012: Revenue of $225K, expenses of $203K, and assets of $919K (revenue +39.4% year-over-year).
- 2011: Revenue of $161K, expenses of $147K, and assets of $678K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art Academy Housing Inc:
Data Sources and Methodology
This transparency report for Art Academy Housing 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.