Art From Ashes Incorporated
Art From Ashes shows consistent revenue growth and no officer compensation, with occasional expense spikes.
EIN: 200273372 · Denver, CO · NTEE: O99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $348K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400,000. |
| Net Assets | $277K |
| Transparency Score | 90/100 |
Is Art From Ashes Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Art From Ashes Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Art From Ashes Incorporated
Art From Ashes Incorporated (EIN: 200273372) is a nonprofit organization based in Denver, CO, classified under NTEE code O99. The organization reported total revenue of $392K and total assets of $286K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art From Ashes Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art From Ashes Incorporated is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $379K |
| Total Expenses | $348K |
| Surplus / Deficit | +$31K |
| Total Assets | $283K |
| Total Liabilities | $6K |
| Net Assets | $277K |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Art From Ashes Incorporated reported a surplus of $31K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Art From Ashes Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.2% | -23.0% | -12.5% |
| 2022 | -31.9% | +54.0% | -16.1% |
| 2021 | +54.1% | +6.0% | +48.0% |
| 2020 | +1.9% | -12.3% | +29.1% |
| 2019 | +12.5% | +13.5% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 From Ashes Incorporated 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 From Ashes Incorporated 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 $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is not compensated, which is highly unusual for an organization of its size with revenues approaching $400,000.
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 From Ashes Incorporated's IRS 990 filings:
- Significant expense spike and deficit in 2022 ($452,426 expenses vs. $315,581 revenue)
- Notable increase in liabilities in 2022 to $77,690 from $2,977 in 2021
Strengths
The following positive indicators were identified for Art From Ashes Incorporated:
- Consistent reporting of 0% officer compensation across all filings, indicating high dedication to mission
- General trend of revenue growth and asset accumulation over the long term (e.g., assets from $181,766 in 2014 to $282,936 in 2023)
- Strong program focus implied by lack of executive compensation
- Consistent filing of IRS Form 990s demonstrating transparency
Frequently Asked Questions about Art From Ashes Incorporated
Is Art From Ashes Incorporated a legitimate charity?
Art From Ashes Incorporated (EIN: 200273372) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $392K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Art From Ashes Incorporated spend its money?
Art From Ashes Incorporated directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Art From Ashes Incorporated tax-deductible?
Art From Ashes Incorporated is registered as a tax-exempt nonprofit (EIN: 200273372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Art From Ashes Incorporated CEO make?
Art From Ashes Incorporated's highest-compensated officer earns $400,000. annually. The organization reported $392K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Art From Ashes Incorporated's spending goes to programs?
Art From Ashes Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Art From Ashes Incorporated compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Art From Ashes Incorporated is above average for NTEE category O99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Art From Ashes Incorporated located?
Art From Ashes Incorporated is headquartered in Denver, Colorado and files with the IRS under EIN 200273372. It is classified under NTEE code O99.
How many years of IRS 990 filings does Art From Ashes Incorporated have?
Art From Ashes Incorporated has 13 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 $392K in total revenue.
Is Art From Ashes Incorporated a good charity?
Based on the available data, Art From Ashes appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. While there was a significant deficit in 2022, the organization has generally maintained stable finances and grown its assets over time.
What caused the significant increase in liabilities in 2022?
The IRS 990 data shows liabilities increased from $2,977 in 2021 to $77,690 in 2022. Without access to the full Form 990, the specific cause cannot be determined, but it warrants further investigation to understand the nature of these obligations.
How does Art From Ashes sustain operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, such as through a separate entity or as independent contractors, though the latter would typically be reflected in expenses. This is a significant strength for program efficiency.
Filing History
IRS 990 filing history for Art From Ashes Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Art From Ashes Incorporated's revenue has grown by 7.8%, moving from $352K to $379K. Total assets increased by 128.6% over the same period, from $124K to $283K. Total functional expenses rose by 9.1%, from $319K to $348K. In its most recent filing year (2023), Art From Ashes Incorporated reported a surplus of $31K, with revenue exceeding expenses. The organization holds $6K in liabilities against $283K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $277K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $379K | $348K | $283K | $6K | — | View 990 |
| 2022 | $316K | $452K | $324K | $78K | — | — |
| 2021 | $464K | $294K | $386K | $3K | — | View 990 |
| 2020 | $301K | $277K | $261K | $48K | — | — |
| 2019 | $295K | $316K | $202K | $11K | — | View 990 |
| 2018 | $262K | $278K | $226K | $15K | — | View 990 |
| 2017 | $302K | $274K | $234K | $7K | — | View 990 |
| 2016 | $323K | $294K | $216K | $11K | — | View 990 |
| 2015 | $307K | $276K | $213K | $5K | — | View 990 |
| 2014 | $216K | $190K | $182K | $5K | — | View 990 |
| 2013 | $191K | $200K | $155K | $4K | — | View 990 |
| 2012 | $255K | $215K | $165K | $2K | — | View 990 |
| 2011 | $352K | $319K | $124K | $956 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $379K, expenses of $348K, and assets of $283K (revenue +20.2% year-over-year).
- 2022: Revenue of $316K, expenses of $452K, and assets of $324K (revenue -31.9% year-over-year).
- 2021: Revenue of $464K, expenses of $294K, and assets of $386K (revenue +54.1% year-over-year).
- 2020: Revenue of $301K, expenses of $277K, and assets of $261K (revenue +1.9% year-over-year).
- 2019: Revenue of $295K, expenses of $316K, and assets of $202K (revenue +12.5% year-over-year).
- 2018: Revenue of $262K, expenses of $278K, and assets of $226K (revenue -13.1% year-over-year).
- 2017: Revenue of $302K, expenses of $274K, and assets of $234K (revenue -6.7% year-over-year).
- 2016: Revenue of $323K, expenses of $294K, and assets of $216K (revenue +5.5% year-over-year).
- 2015: Revenue of $307K, expenses of $276K, and assets of $213K (revenue +41.8% year-over-year).
- 2014: Revenue of $216K, expenses of $190K, and assets of $182K (revenue +13.3% year-over-year).
- 2013: Revenue of $191K, expenses of $200K, and assets of $155K (revenue -25.1% year-over-year).
- 2012: Revenue of $255K, expenses of $215K, and assets of $165K (revenue -27.6% year-over-year).
- 2011: Revenue of $352K, expenses of $319K, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art From Ashes Incorporated:
Data Sources and Methodology
This transparency report for Art From Ashes Incorporated 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.