Art Of Problem Solving Initiative Inc
Art Of Problem Solving Initiative Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 201239616 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $6.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $12.8M |
| Transparency Score | 92/100 |
Is Art Of Problem Solving Initiative Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Art Of Problem Solving Initiative Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Art Of Problem Solving Initiative Inc
Art Of Problem Solving Initiative Inc (EIN: 201239616) is a nonprofit organization based in New York, NY. The organization reported total revenue of $10.3M and total assets of $15.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art Of Problem Solving Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art Of Problem Solving Initiative Inc is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $6.5M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $13.0M |
| Total Liabilities | $222K |
| Net Assets | $12.8M |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 24.2 months |
Financial Health Grade: A
In 2023, Art Of Problem Solving Initiative Inc reported a surplus of $1.2M with revenue exceeding expenses, holds 24.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Art Of Problem Solving Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +30.1% | +11.9% |
| 2022 | +3.2% | +33.2% | +34.8% |
| 2021 | +118.4% | +15.4% | +80.8% |
| 2020 | +5.2% | +25.3% | +12.5% |
| 2019 | +867.2% | +549.2% | +23.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Of Problem Solving Initiative Inc with a Mission Score of 92 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 Of Problem Solving Initiative 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers. This suggests a strong commitment to directing financial resources entirely towards the organization's mission, which is highly commendable for an organization with revenues exceeding $7 million annually.
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.
Strengths
The following positive indicators were identified for Art Of Problem Solving Initiative Inc:
- Consistent and significant revenue growth (from $804,806 in 2014 to $7,630,346 in 2023).
- Strong asset accumulation ($13,036,680 in 2023) significantly exceeding liabilities ($221,898 in 2023).
- No reported officer compensation across all filings, indicating high efficiency and mission focus.
- Healthy financial surpluses in most recent years (e.g., $7,630,346 revenue vs. $6,475,584 expenses in 2023).
- Low liabilities relative to assets, demonstrating sound financial management.
Frequently Asked Questions about Art Of Problem Solving Initiative Inc
Is Art Of Problem Solving Initiative Inc a legitimate charity?
Art Of Problem Solving Initiative Inc (EIN: 201239616) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $10.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Art Of Problem Solving Initiative Inc spend its money?
Art Of Problem Solving Initiative Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Art Of Problem Solving Initiative Inc tax-deductible?
Art Of Problem Solving Initiative Inc is registered as a tax-exempt nonprofit (EIN: 201239616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Art Of Problem Solving Initiative Inc CEO make?
Art Of Problem Solving Initiative Inc's highest-compensated officer earns $7 annually. The organization reported $10.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Art Of Problem Solving Initiative Inc's spending goes to programs?
Art Of Problem Solving Initiative Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Art Of Problem Solving Initiative Inc located?
Art Of Problem Solving Initiative Inc is headquartered in New York, New York and files with the IRS under EIN 201239616.
How many years of IRS 990 filings does Art Of Problem Solving Initiative Inc have?
Art Of Problem Solving Initiative Inc 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 $10.3M in total revenue.
Is Art Of Problem Solving Initiative Inc a good charity?
Based on the provided financial data, Art Of Problem Solving Initiative Inc appears to be a very good charity. It demonstrates strong financial health with consistent revenue growth, significant asset accumulation ($13,036,680 in 2023), and minimal liabilities ($221,898 in 2023). The absence of reported officer compensation is a significant positive indicator of its commitment to its mission.
How has the organization's revenue grown over time?
The organization has experienced substantial revenue growth, increasing from $804,806 in 2014 to $7,630,346 in 2023. This represents nearly a tenfold increase over a decade, indicating strong and sustained financial support and operational expansion.
What is the organization's financial stability?
Art Of Problem Solving Initiative Inc exhibits strong financial stability. Its assets have consistently grown, reaching $13,036,680 in 2023, while liabilities remain very low at $221,898 for the same period. This healthy asset-to-liability ratio suggests excellent financial management and a robust balance sheet.
Does the organization pay its executives?
According to all available IRS 990 filings, Art Of Problem Solving Initiative Inc reports 0% officer compensation, meaning no salaries were paid to its officers. This is a notable characteristic, suggesting a volunteer-led or highly efficient executive structure.
Filing History
IRS 990 filing history for Art Of Problem Solving Initiative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Art Of Problem Solving Initiative Inc's revenue has grown by 3605.7%, moving from $206K to $7.6M. Total assets increased by 6294.9% over the same period, from $204K to $13.0M. Total functional expenses rose by 3273.8%, from $192K to $6.5M. In its most recent filing year (2023), Art Of Problem Solving Initiative Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $222K in liabilities against $13.0M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $12.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $6.5M | $13.0M | $222K | — | View 990 |
| 2022 | $7.9M | $5.0M | $11.6M | $137K | — | View 990 |
| 2021 | $7.7M | $3.7M | $8.6M | $244K | — | — |
| 2020 | $3.5M | $3.2M | $4.8M | $345K | — | View 990 |
| 2019 | $3.4M | $2.6M | $4.2M | $100K | — | View 990 |
| 2018 | $347K | $398K | $3.4M | $58K | — | View 990 |
| 2017 | $3.4M | $1.4M | $3.5M | $44K | — | View 990 |
| 2016 | $1.8M | $1.3M | $1.5M | $36K | — | View 990 |
| 2015 | $936K | $783K | $1.0M | $56K | — | View 990 |
| 2014 | $805K | $600K | $813K | $9K | — | View 990 |
| 2013 | $780K | $438K | $615K | $15K | — | View 990 |
| 2012 | $383K | $344K | $340K | $82K | — | View 990 |
| 2011 | $206K | $192K | $204K | $293 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $6.5M, and assets of $13.0M (revenue -4.0% year-over-year).
- 2022: Revenue of $7.9M, expenses of $5.0M, and assets of $11.6M (revenue +3.2% year-over-year).
- 2021: Revenue of $7.7M, expenses of $3.7M, and assets of $8.6M (revenue +118.4% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.2M, and assets of $4.8M (revenue +5.2% year-over-year).
- 2019: Revenue of $3.4M, expenses of $2.6M, and assets of $4.2M (revenue +867.2% year-over-year).
- 2018: Revenue of $347K, expenses of $398K, and assets of $3.4M (revenue -89.8% year-over-year).
- 2017: Revenue of $3.4M, expenses of $1.4M, and assets of $3.5M (revenue +88.0% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.3M, and assets of $1.5M (revenue +92.4% year-over-year).
- 2015: Revenue of $936K, expenses of $783K, and assets of $1.0M (revenue +16.3% year-over-year).
- 2014: Revenue of $805K, expenses of $600K, and assets of $813K (revenue +3.2% year-over-year).
- 2013: Revenue of $780K, expenses of $438K, and assets of $615K (revenue +103.6% year-over-year).
- 2012: Revenue of $383K, expenses of $344K, and assets of $340K (revenue +85.9% year-over-year).
- 2011: Revenue of $206K, expenses of $192K, and assets of $204K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art Of Problem Solving Initiative Inc:
Data Sources and Methodology
This transparency report for Art Of Problem Solving Initiative 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.