Art Spaces Wabash Valley Outdoor Sculpture Collection
Art Spaces maintains strong asset base and no liabilities, despite recent revenue fluctuations and a 2023 deficit.
EIN: 161707543 · Terre Haute, IN · NTEE: A40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $430K |
| Total Expenses | $236K |
| Program Spending | 85% |
| Net Assets | $326K |
| Transparency Score | 88/100 |
Is Art Spaces Wabash Valley Outdoor Sculpture Collection Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Art Spaces Wabash Valley Outdoor Sculpture Collection directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Art Spaces Wabash Valley Outdoor Sculpture Collection
Art Spaces Wabash Valley Outdoor Sculpture Collection (EIN: 161707543) is a nonprofit organization based in Terre Haute, IN, classified under NTEE code A40. The organization reported total revenue of $430K and total assets of $422K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art Spaces Wabash Valley Outdoor Sculpture Collection's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art Spaces Wabash Valley Outdoor Sculpture Collection is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $194K |
| Total Expenses | $236K |
| Surplus / Deficit | $-42,195 |
| Total Assets | $326K |
| Net Assets | $326K |
| Operating Margin | -21.8% |
| Months of Reserves | 16.6 months |
Financial Health Grade: B
In 2023, Art Spaces Wabash Valley Outdoor Sculpture Collection reported a deficit of $42K with expenses exceeding revenue, holds 16.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Art Spaces Wabash Valley Outdoor Sculpture Collection's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.5% | +1.9% | -11.5% |
| 2022 | -42.4% | -73.0% | +91.3% |
| 2021 | +84.4% | +340.4% | -43.9% |
| 2020 | +35.7% | -29.7% | +122.1% |
| 2019 | +8.0% | +9.3% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Spaces Wabash Valley Outdoor Sculpture Collection with a Mission Score of 88 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 Spaces Wabash Valley Outdoor Sculpture Collection 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 deficit of $42K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization, which significantly reduces overhead and allows more funds to be allocated 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 Spaces Wabash Valley Outdoor Sculpture Collection's IRS 990 filings:
- Operating deficit in 2023 ($193,562 revenue vs. $235,757 expenses)
- Significant expense increase in 2021 ($856,703) relative to prior years, leading to a substantial deficit that year
Strengths
The following positive indicators were identified for Art Spaces Wabash Valley Outdoor Sculpture Collection:
- Consistent reporting of 0% officer compensation across all filings, indicating volunteer leadership and low overhead.
- Zero liabilities reported for the past three consecutive years (2021-2023), demonstrating strong financial management and no debt.
- Healthy asset base ($422,233) relative to annual revenue, providing financial stability.
- Long history of IRS 990 filings (13 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Art Spaces Wabash Valley Outdoor Sculpture Collection
Is Art Spaces Wabash Valley Outdoor Sculpture Collection a legitimate charity?
Art Spaces Wabash Valley Outdoor Sculpture Collection (EIN: 161707543) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $430K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Art Spaces Wabash Valley Outdoor Sculpture Collection spend its money?
Art Spaces Wabash Valley Outdoor Sculpture Collection directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Art Spaces Wabash Valley Outdoor Sculpture Collection tax-deductible?
Art Spaces Wabash Valley Outdoor Sculpture Collection is registered as a tax-exempt nonprofit (EIN: 161707543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Art Spaces Wabash Valley Outdoor Sculpture Collection's spending goes to programs?
Art Spaces Wabash Valley Outdoor Sculpture Collection directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Art Spaces Wabash Valley Outdoor Sculpture Collection compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Art Spaces Wabash Valley Outdoor Sculpture Collection is above average for NTEE category A40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Art Spaces Wabash Valley Outdoor Sculpture Collection located?
Art Spaces Wabash Valley Outdoor Sculpture Collection is headquartered in Terre Haute, Indiana and files with the IRS under EIN 161707543. It is classified under NTEE code A40.
How many years of IRS 990 filings does Art Spaces Wabash Valley Outdoor Sculpture Collection have?
Art Spaces Wabash Valley Outdoor Sculpture Collection 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 $430K in total revenue.
Is Art Spaces a good charity?
Based on the available data, Art Spaces appears to be a good charity. It consistently reports zero officer compensation, indicating a volunteer-driven model, and has maintained a healthy asset base with no liabilities in recent years. While there was a deficit in 2023, its long-term financial stability and commitment to its mission are evident.
How has Art Spaces' financial health changed over time?
Art Spaces has shown fluctuating revenue and expenses over the past decade, with significant revenue peaks in 2021 ($706,471) and 2022 ($407,155). Assets have generally grown, reaching $422,233 in the latest period, and liabilities have been consistently zero since 2021, indicating improved financial stability despite a recent operating deficit in 2023.
What is the trend in Art Spaces' assets and liabilities?
Art Spaces' assets have shown a general upward trend over the past decade, from $60,624 in 2015 to $422,233 currently, though with some year-to-year fluctuations. Notably, liabilities have been consistently reported as $0 for the periods 2021, 2022, and 2023, indicating excellent financial health regarding debt.
Filing History
IRS 990 filing history for Art Spaces Wabash Valley Outdoor Sculpture Collection showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Art Spaces Wabash Valley Outdoor Sculpture Collection's revenue has grown by 29%, moving from $150K to $194K. Total assets increased by 1297.5% over the same period, from $23K to $326K. Total functional expenses rose by 10.3%, from $214K to $236K. In its most recent filing year (2023), Art Spaces Wabash Valley Outdoor Sculpture Collection reported a deficit of $42K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $194K | $236K | $326K | $0 | — | — |
| 2022 | $407K | $231K | $368K | $0 | — | View 990 |
| 2021 | $706K | $857K | $192K | $0 | — | View 990 |
| 2020 | $383K | $195K | $343K | $481 | — | — |
| 2019 | $282K | $277K | $154K | $446 | — | View 990 |
| 2018 | $262K | $253K | $150K | $13K | — | View 990 |
| 2017 | $188K | $126K | $138K | $10K | — | View 990 |
| 2016 | $146K | $138K | $72K | $6K | — | View 990 |
| 2015 | $217K | $268K | $61K | $2K | — | View 990 |
| 2014 | $235K | $210K | $111K | $2K | — | View 990 |
| 2013 | $159K | $151K | $86K | $2K | — | View 990 |
| 2012 | $196K | $146K | $73K | $-1,980 | — | View 990 |
| 2011 | $150K | $214K | $23K | $-856 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $194K, expenses of $236K, and assets of $326K (revenue -52.5% year-over-year).
- 2022: Revenue of $407K, expenses of $231K, and assets of $368K (revenue -42.4% year-over-year).
- 2021: Revenue of $706K, expenses of $857K, and assets of $192K (revenue +84.4% year-over-year).
- 2020: Revenue of $383K, expenses of $195K, and assets of $343K (revenue +35.7% year-over-year).
- 2019: Revenue of $282K, expenses of $277K, and assets of $154K (revenue +8.0% year-over-year).
- 2018: Revenue of $262K, expenses of $253K, and assets of $150K (revenue +38.9% year-over-year).
- 2017: Revenue of $188K, expenses of $126K, and assets of $138K (revenue +28.8% year-over-year).
- 2016: Revenue of $146K, expenses of $138K, and assets of $72K (revenue -32.7% year-over-year).
- 2015: Revenue of $217K, expenses of $268K, and assets of $61K (revenue -7.7% year-over-year).
- 2014: Revenue of $235K, expenses of $210K, and assets of $111K (revenue +47.6% year-over-year).
- 2013: Revenue of $159K, expenses of $151K, and assets of $86K (revenue -18.8% year-over-year).
- 2012: Revenue of $196K, expenses of $146K, and assets of $73K (revenue +30.9% year-over-year).
- 2011: Revenue of $150K, expenses of $214K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art Spaces Wabash Valley Outdoor Sculpture Collection:
Data Sources and Methodology
This transparency report for Art Spaces Wabash Valley Outdoor Sculpture Collection 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.