Art Fm Inc
EIN: 454225349 · Louisville, KY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $75K |
| Total Expenses | $59K |
| Net Assets | $148K |
Is Art Fm Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Art Fm Inc
Art Fm Inc (EIN: 454225349) is a nonprofit organization based in Louisville, KY, classified under NTEE code P20. The organization reported total revenue of $75K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art Fm Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art Fm Inc is a micro nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $59K |
| Surplus / Deficit | +$4K |
| Total Assets | $167K |
| Total Liabilities | $19K |
| Net Assets | $148K |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 34.0 months |
Financial Health Grade: A
In 2023, Art Fm Inc reported a surplus of $4K with revenue exceeding expenses, holds 34.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Art Fm Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.3% | -6.1% | +17.9% |
| 2022 | +17.7% | +32.1% | +9.1% |
| 2021 | -16.5% | +0.5% | +13.5% |
| 2020 | +21.9% | -13.6% | +33.5% |
| 2019 | +17.6% | +47.5% | +23.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Art Fm 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 Art Fm 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 surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Frequently Asked Questions about Art Fm Inc
Is Art Fm Inc a legitimate charity?
Art Fm Inc (EIN: 454225349) is a registered tax-exempt nonprofit based in Kentucky. It has 6 years of IRS 990 filings on record. Total revenue: $75K. No red flags identified. Financial health grade: A.
How does Art Fm Inc spend its money?
Art Fm Inc reported $75K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Art Fm Inc tax-deductible?
Art Fm Inc is registered as a tax-exempt nonprofit (EIN: 454225349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Art Fm Inc located?
Art Fm Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 454225349. It is classified under NTEE code P20.
How many years of IRS 990 filings does Art Fm Inc have?
Art Fm Inc has 6 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 $75K in total revenue.
Filing History
IRS 990 filing history for Art Fm Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Art Fm Inc's revenue has grown by 15%, moving from $55K to $63K. Total assets increased by 140.8% over the same period, from $69K to $167K. Total functional expenses rose by 58.8%, from $37K to $59K. In its most recent filing year (2023), Art Fm Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $19K in liabilities against $167K in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $148K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $59K | $167K | $19K | — | — |
| 2022 | $78K | $63K | $142K | $24K | — | View 990 |
| 2021 | $66K | $48K | $130K | $27K | — | — |
| 2020 | $79K | $47K | $114K | $30K | — | View 990 |
| 2019 | $65K | $55K | $86K | $33K | — | View 990 |
| 2018 | $55K | $37K | $69K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $59K, and assets of $167K (revenue -18.3% year-over-year).
- 2022: Revenue of $78K, expenses of $63K, and assets of $142K (revenue +17.7% year-over-year).
- 2021: Revenue of $66K, expenses of $48K, and assets of $130K (revenue -16.5% year-over-year).
- 2020: Revenue of $79K, expenses of $47K, and assets of $114K (revenue +21.9% year-over-year).
- 2019: Revenue of $65K, expenses of $55K, and assets of $86K (revenue +17.6% year-over-year).
- 2018: Revenue of $55K, expenses of $37K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art Fm Inc:
Data Sources and Methodology
This transparency report for Art Fm 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.