Art Center Of The Bluegrass Inc
Art Center Of The Bluegrass Inc shows strong revenue and asset growth with no reported officer compensation.
EIN: 161674338 · Danville, KY · NTEE: A51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $670K |
| Total Expenses | $594K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $776,688 |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is Art Center Of The Bluegrass Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Art Center Of The Bluegrass Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Art Center Of The Bluegrass Inc
Art Center Of The Bluegrass Inc (EIN: 161674338) is a nonprofit organization based in Danville, KY, classified under NTEE code A51. The organization reported total revenue of $670K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art Center Of The Bluegrass Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art Center Of The Bluegrass Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $777K |
| Total Expenses | $594K |
| Surplus / Deficit | +$182K |
| Total Assets | $1.8M |
| Total Liabilities | $308K |
| Net Assets | $1.5M |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 35.8 months |
Financial Health Grade: A
In 2023, Art Center Of The Bluegrass Inc reported a surplus of $182K with revenue exceeding expenses, holds 35.8 months of operating reserves (strong position), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Art Center Of The Bluegrass Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +85.4% | +39.5% | +41.8% |
| 2022 | +15.8% | +19.8% | -7.2% |
| 2021 | -12.7% | -12.6% | +9.5% |
| 2020 | -7.4% | -19.0% | +0.7% |
| 2019 | +25.7% | +31.3% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Art Center Of The Bluegrass 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 Center Of The Bluegrass 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $182K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly commendable for an organization of its size, with revenues reaching $776,688 in the latest period, suggesting a strong commitment to directing resources to its mission.
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 Center Of The Bluegrass Inc's IRS 990 filings:
- Significant increase in liabilities in 202306 to $308,000, requiring further clarification.
Strengths
The following positive indicators were identified for Art Center Of The Bluegrass Inc:
- Consistent 0% officer compensation across all filings, indicating strong financial transparency and mission focus.
- Strong revenue growth from $418,887 in 202206 to $776,688 in 202306.
- Healthy asset growth from $1,251,150 in 202206 to $1,773,806 in 202306.
- Generally positive net income in most recent periods, indicating financial stability.
Frequently Asked Questions about Art Center Of The Bluegrass Inc
Is Art Center Of The Bluegrass Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Art Center Of The Bluegrass Inc (EIN: 161674338) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Art Center Of The Bluegrass Inc spend its money?
Art Center Of The Bluegrass Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Art Center Of The Bluegrass Inc tax-deductible?
Art Center Of The Bluegrass Inc is registered as a tax-exempt nonprofit (EIN: 161674338). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Art Center Of The Bluegrass Inc CEO make?
Art Center Of The Bluegrass Inc's highest-compensated officer earns $776,688 annually. The organization reported $670K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Art Center Of The Bluegrass Inc's spending goes to programs?
Art Center Of The Bluegrass Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Art Center Of The Bluegrass Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Art Center Of The Bluegrass Inc is above average for NTEE category A51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Art Center Of The Bluegrass Inc located?
Art Center Of The Bluegrass Inc is headquartered in Danville, Kentucky and files with the IRS under EIN 161674338. It is classified under NTEE code A51.
How many years of IRS 990 filings does Art Center Of The Bluegrass Inc have?
Art Center Of The Bluegrass 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 $670K in total revenue.
Is Art Center Of The Bluegrass Inc a good charity?
Based on the available IRS 990 data, Art Center Of The Bluegrass Inc appears to be a good charity. It demonstrates strong financial growth, particularly in its latest filing, and a notable commitment to transparency by reporting 0% officer compensation across all periods. This suggests that funds are being directed towards its mission rather than executive salaries.
What caused the significant increase in liabilities in 202306?
The liabilities increased from $5,000 in 202206 to $308,000 in 202306. Without access to the full IRS 990 form, the specific cause cannot be determined. It could be due to a new loan, deferred revenue, or other obligations, and would require further investigation to understand its nature and impact.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within the expenses (e.g., as program staff salaries rather than officer compensation). This is a strong indicator of dedication to the mission.
Filing History
IRS 990 filing history for Art Center Of The Bluegrass Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Art Center Of The Bluegrass Inc's revenue has grown by 98.3%, moving from $392K to $777K. Total assets increased by 69.3% over the same period, from $1.0M to $1.8M. Total functional expenses rose by 90.3%, from $312K to $594K. In its most recent filing year (2023), Art Center Of The Bluegrass Inc reported a surplus of $182K, with revenue exceeding expenses. The organization holds $308K in liabilities against $1.8M in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $777K | $594K | $1.8M | $308K | — | — |
| 2022 | $419K | $426K | $1.3M | $5K | — | View 990 |
| 2021 | $362K | $356K | $1.3M | $0 | — | View 990 |
| 2020 | $415K | $407K | $1.2M | $0 | — | View 990 |
| 2019 | $448K | $502K | $1.2M | $0 | — | View 990 |
| 2018 | $356K | $383K | $1.3M | $8K | — | View 990 |
| 2017 | $846K | $401K | $1.4M | $105K | — | View 990 |
| 2016 | $501K | $452K | $1.0M | $153K | — | View 990 |
| 2015 | $446K | $450K | $1.0M | $198K | — | View 990 |
| 2014 | $414K | $382K | $1.1M | $240K | — | View 990 |
| 2013 | $391K | $339K | $1.1M | $279K | — | View 990 |
| 2012 | $392K | $312K | $1.0M | $316K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $777K, expenses of $594K, and assets of $1.8M (revenue +85.4% year-over-year).
- 2022: Revenue of $419K, expenses of $426K, and assets of $1.3M (revenue +15.8% year-over-year).
- 2021: Revenue of $362K, expenses of $356K, and assets of $1.3M (revenue -12.7% year-over-year).
- 2020: Revenue of $415K, expenses of $407K, and assets of $1.2M (revenue -7.4% year-over-year).
- 2019: Revenue of $448K, expenses of $502K, and assets of $1.2M (revenue +25.7% year-over-year).
- 2018: Revenue of $356K, expenses of $383K, and assets of $1.3M (revenue -57.9% year-over-year).
- 2017: Revenue of $846K, expenses of $401K, and assets of $1.4M (revenue +69.1% year-over-year).
- 2016: Revenue of $501K, expenses of $452K, and assets of $1.0M (revenue +12.3% year-over-year).
- 2015: Revenue of $446K, expenses of $450K, and assets of $1.0M (revenue +7.6% year-over-year).
- 2014: Revenue of $414K, expenses of $382K, and assets of $1.1M (revenue +6.0% year-over-year).
- 2013: Revenue of $391K, expenses of $339K, and assets of $1.1M (revenue -0.3% year-over-year).
- 2012: Revenue of $392K, expenses of $312K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art Center Of The Bluegrass Inc:
Data Sources and Methodology
This transparency report for Art Center Of The Bluegrass 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.