Art With A Heart Inc
Art With A Heart Inc. shows fluctuating financial performance with recent positive net income and no reported officer compensation.
EIN: 20570317 · Indianapolis, IN · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $355K |
| Total Expenses | $344K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $53K |
| Transparency Score | 75/100 |
Is Art With A Heart Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Art With A Heart Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Art With A Heart Inc
Art With A Heart Inc (EIN: 20570317) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code A25. The organization reported total revenue of $355K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Art With A Heart Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Art With A Heart Inc is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $354K |
| Total Expenses | $344K |
| Surplus / Deficit | +$10K |
| Total Assets | $74K |
| Total Liabilities | $22K |
| Net Assets | $53K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 29.3% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2019, Art With A Heart Inc reported a surplus of $10K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 29.3% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2019), Art With A Heart Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +0.7% | -22.0% | -16.7% |
| 2018 | -25.8% | -13.0% | -35.0% |
| 2017 | -7.3% | +1.1% | -20.5% |
| 2016 | +325.7% | +265.3% | +3.9% |
| 2015 | -76.1% | -69.6% | -18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 With A Heart Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Art With A Heart Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.3%.
Executive Compensation Analysis
Art With A Heart Inc. consistently reports 0% officer compensation across all provided filings, indicating that executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is highly unusual for an organization with revenues often exceeding $300,000.
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 With A Heart Inc's IRS 990 filings:
- Significant decline in assets from $204,262 in 201505 to $74,344 in 201908.
- Periods of substantial net losses, particularly $90,000 in 201808 and $33,246 in 201708, indicating potential financial instability.
- Unusually consistent 0% officer compensation for an organization of this size, which might obscure how leadership is truly compensated or sustained.
Strengths
The following positive indicators were identified for Art With A Heart Inc:
- Consistent filing of IRS 990s over 10 periods, indicating good transparency practices.
- Recent positive net income of approximately $10,000 in 201908, showing a recovery from previous deficits.
- No reported officer compensation, suggesting a strong commitment to minimizing executive overhead and potentially maximizing funds for programs.
Frequently Asked Questions about Art With A Heart Inc
Is Art With A Heart Inc a legitimate charity?
Art With A Heart Inc (EIN: 20570317) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $355K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Art With A Heart Inc spend its money?
Art With A Heart Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Art With A Heart Inc tax-deductible?
Art With A Heart Inc is registered as a tax-exempt nonprofit (EIN: 20570317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Art With A Heart Inc CEO make?
Art With A Heart Inc's highest-compensated officer earns $300,000. annually. The organization reported $355K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Art With A Heart Inc's spending goes to programs?
Art With A Heart Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Art With A Heart Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Art With A Heart Inc is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Art With A Heart Inc located?
Art With A Heart Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 20570317. It is classified under NTEE code A25.
How many years of IRS 990 filings does Art With A Heart Inc have?
Art With A Heart Inc has 10 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 $355K in total revenue.
Why have the organization's assets declined significantly from $204,262 in 201505 to $74,344 in 201908?
The provided data does not specify the reasons for the asset decline, but it could be due to increased spending, asset depreciation, or a strategic decision to utilize reserves.
How does Art With A Heart Inc. manage to operate without reporting any officer compensation?
The 0% officer compensation suggests that executive roles might be filled by volunteers, or compensation is structured in a way that it's not reported as 'officer compensation' on the 990, such as through a separate management entity or as general employee salaries.
What is the detailed breakdown of expenses into program, administrative, and fundraising categories?
The provided IRS 990 summary data does not offer a detailed breakdown of expenses beyond total expenses. A full 990 form would be needed for this granular information.
What caused the significant net losses in 201808 and 201708?
The data shows expenses exceeded revenue by $90,000 in 201808 and $33,246 in 201708. Without further detail, the specific causes of these deficits are unclear but could be due to increased program costs, unexpected administrative expenses, or a temporary dip in donations.
Filing History
IRS 990 filing history for Art With A Heart Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2019), Art With A Heart Inc's revenue has grown by 118.5%, moving from $162K to $354K. Total assets decreased by 21.6% over the same period, from $95K to $74K. Total functional expenses rose by 75.7%, from $196K to $344K. In its most recent filing year (2019), Art With A Heart Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $22K in liabilities against $74K in assets (debt-to-asset ratio: 29.3%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $354K | $344K | $74K | $22K | — | View 990 |
| 2018 | $352K | $442K | $89K | $47K | — | View 990 |
| 2017 | $474K | $508K | $137K | $5K | — | View 990 |
| 2016 | $511K | $502K | $173K | $7K | — | View 990 |
| 2015 | $120K | $137K | $166K | $10K | — | — |
| 2015 | $503K | $452K | $204K | $31K | — | View 990 |
| 2014 | $376K | $365K | $144K | $22K | — | View 990 |
| 2013 | $406K | $384K | $114K | $3K | — | View 990 |
| 2012 | $296K | $304K | $82K | $0 | — | View 990 |
| 2011 | $162K | $196K | $95K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $354K, expenses of $344K, and assets of $74K (revenue +0.7% year-over-year).
- 2018: Revenue of $352K, expenses of $442K, and assets of $89K (revenue -25.8% year-over-year).
- 2017: Revenue of $474K, expenses of $508K, and assets of $137K (revenue -7.3% year-over-year).
- 2016: Revenue of $511K, expenses of $502K, and assets of $173K (revenue +325.7% year-over-year).
- 2015: Revenue of $120K, expenses of $137K, and assets of $166K (revenue -76.1% year-over-year).
- 2015: Revenue of $503K, expenses of $452K, and assets of $204K (revenue +33.9% year-over-year).
- 2014: Revenue of $376K, expenses of $365K, and assets of $144K (revenue -7.5% year-over-year).
- 2013: Revenue of $406K, expenses of $384K, and assets of $114K (revenue +37.4% year-over-year).
- 2012: Revenue of $296K, expenses of $304K, and assets of $82K (revenue +82.4% year-over-year).
- 2011: Revenue of $162K, expenses of $196K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Art With A Heart Inc:
Data Sources and Methodology
This transparency report for Art With A Heart 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.