Artemis Institute
Artemis Institute faces significant deficit spending with expenses consistently exceeding revenue in recent years.
EIN: 10758596 · Livingston, MT · NTEE: B99 · Updated: 2026-03-27
Is Artemis Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Artemis Institute directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Artemis Institute
Artemis Institute (EIN: 10758596) is a nonprofit organization based in Livingston, MT, classified under NTEE code B99. The organization reported total revenue of $61K and total assets of $93K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Artemis Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Artemis Institute with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Artemis Institute allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led organization or that executive compensation falls below IRS reporting thresholds, which is positive for resource allocation.
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 Artemis Institute's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $25,024 vs. revenue $7,453)
- Significant decline in assets from $138,681 in 2017 to $39,085 in 2023
- Lack of detailed expense breakdown in available data to assess spending efficiency
Strengths
The following positive indicators were identified for Artemis Institute:
- Consistent IRS 990 filing history (10 filings)
- No reported officer compensation, suggesting efficient use of funds for leadership or volunteer-led structure
- History of generating substantial revenue in earlier periods (e.g., $183,023 in 2012)
Frequently Asked Questions about Artemis Institute
Is Artemis Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Artemis Institute (EIN: 10758596) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Artemis Institute spend its money?
Artemis Institute directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Artemis Institute tax-deductible?
Artemis Institute is registered as a tax-exempt nonprofit (EIN: 10758596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Artemis Institute financially sustainable given its recent deficit spending?
The organization's recent financial trends show expenses significantly exceeding revenue (e.g., $25,024 expenses vs. $7,453 revenue in 2023), raising concerns about its long-term financial sustainability without a change in funding or spending patterns.
What is the breakdown of Artemis Institute's expenses (program, administrative, fundraising)?
The provided data does not offer a detailed breakdown of expenses, making it difficult to precisely determine the allocation between program, administrative, and fundraising costs. This lack of detail limits a full assessment of spending efficiency.
Why have assets declined significantly since 2017?
Assets have decreased from a high of $138,681 in 2017 to $39,085 in 2023. This decline likely reflects the consistent deficit spending where expenses have outpaced revenue, requiring the organization to draw down its reserves.
Filing History
IRS 990 filing history for Artemis Institute showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Artemis Institute's revenue has declined by 94.5%, moving from $135K to $7K. Total assets increased by 113% over the same period, from $18K to $39K. Total functional expenses fell by 81.3%, from $134K to $25K. In its most recent filing year (2023), Artemis Institute reported a deficit of $18K, with expenses exceeding revenue. The organization holds $125 in liabilities against $39K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7K | $25K | $39K | $125 | — | View 990 |
| 2022 | $4K | $18K | $57K | $79 | — | — |
| 2018 | $472 | $13K | $126K | $6K | — | View 990 |
| 2017 | $90K | $20K | $139K | $6K | — | View 990 |
| 2016 | $17K | $23K | $69K | $6K | — | View 990 |
| 2015 | $76K | $109K | $80K | $12K | — | View 990 |
| 2014 | $119K | $131K | $111K | $10K | — | View 990 |
| 2013 | $104K | $78K | $124K | $11K | — | View 990 |
| 2012 | $183K | $107K | $94K | $7K | — | View 990 |
| 2011 | $135K | $134K | $18K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7K, expenses of $25K, and assets of $39K (revenue +81.3% year-over-year).
- 2022: Revenue of $4K, expenses of $18K, and assets of $57K (revenue +771.0% year-over-year).
- 2018: Revenue of $472, expenses of $13K, and assets of $126K (revenue -99.5% year-over-year).
- 2017: Revenue of $90K, expenses of $20K, and assets of $139K (revenue +429.0% year-over-year).
- 2016: Revenue of $17K, expenses of $23K, and assets of $69K (revenue -77.7% year-over-year).
- 2015: Revenue of $76K, expenses of $109K, and assets of $80K (revenue -36.1% year-over-year).
- 2014: Revenue of $119K, expenses of $131K, and assets of $111K (revenue +14.8% year-over-year).
- 2013: Revenue of $104K, expenses of $78K, and assets of $124K (revenue -43.1% year-over-year).
- 2012: Revenue of $183K, expenses of $107K, and assets of $94K (revenue +35.3% year-over-year).
- 2011: Revenue of $135K, expenses of $134K, and assets of $18K.
Data Sources and Methodology
This transparency report for Artemis Institute 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.