Artists Space Inc
Artists Space Inc. shows consistent revenue, significant asset growth, and no reported officer compensation over the past decade.
EIN: 132749632 · New York, NY · NTEE: A400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $4.6M |
| Transparency Score | 85/100 |
Is Artists Space Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Artists Space Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Artists Space Inc
Artists Space Inc (EIN: 132749632) is a nonprofit organization based in New York, NY, classified under NTEE code A400. The organization reported total revenue of $2.0M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Artists Space Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Artists Space Inc is a mid-size nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$34K |
| Total Assets | $10.2M |
| Total Liabilities | $5.6M |
| Net Assets | $4.6M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 54.7% |
| Months of Reserves | 52.6 months |
Financial Health Grade: A
In 2023, Artists Space Inc reported a surplus of $34K with revenue exceeding expenses, holds 52.6 months of operating reserves (strong position), has a debt-to-asset ratio of 54.7% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Artists Space Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +3.6% | +65.7% |
| 2022 | +18.6% | +40.7% | -8.7% |
| 2021 | -10.5% | +22.4% | +3.9% |
| 2020 | -22.5% | +33.6% | +47.8% |
| 2019 | +3.9% | -30.6% | +139.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Artists Space Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Artists Space Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.7%.
Executive Compensation Analysis
Artists Space Inc. consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is categorized differently, which enhances the perception of resources directly supporting the 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 Artists Space Inc's IRS 990 filings:
- Significant increase in liabilities from $227,727 in 2018 to $5,599,202 in 2023 without clear explanation in provided data.
- Lack of detailed expense breakdown (program, admin, fundraising) prevents a precise efficiency assessment.
Strengths
The following positive indicators were identified for Artists Space Inc:
- Consistent revenue generation, with revenue generally exceeding expenses.
- Significant asset growth, from $1,838,942 in 2018 to $10,229,621 in 2023, indicating strong financial health.
- No reported officer compensation across all filings, suggesting efficient use of funds for mission-related activities.
- Positive net income in most recent periods, contributing to reserves and stability.
Frequently Asked Questions about Artists Space Inc
Is Artists Space Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Artists Space Inc (EIN: 132749632) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Artists Space Inc spend its money?
Artists Space Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Artists Space Inc tax-deductible?
Artists Space Inc is registered as a tax-exempt nonprofit (EIN: 132749632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Artists Space Inc's spending goes to programs?
Artists Space Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Artists Space Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Artists Space Inc is above average for NTEE category A400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Artists Space Inc located?
Artists Space Inc is headquartered in New York, New York and files with the IRS under EIN 132749632. It is classified under NTEE code A400.
How many years of IRS 990 filings does Artists Space Inc have?
Artists Space Inc has 12 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 $2.0M in total revenue.
How does Artists Space Inc. manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's executive leadership may be entirely volunteer-based, or that compensation for key personnel is reported under other expense categories, which would require reviewing the full Form 990 for clarification.
What is the breakdown of their expenses into program, administrative, and fundraising categories?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. A full IRS Form 990 would be needed to accurately determine these percentages.
Why have the organization's assets grown so significantly, especially from 2018 to 2023?
Artists Space Inc.'s assets have grown from $1,838,942 in 2018 to $10,229,621 in 2023. This significant growth could be attributed to successful fundraising campaigns, investment gains, or the acquisition of new property or endowments. Further details would be in the organization's financial statements.
What is the nature of the increasing liabilities, which reached $5,599,202 in 2023?
The increase in liabilities from $227,727 in 2018 to $5,599,202 in 2023 warrants further investigation. This could be due to long-term debt, capital leases, or deferred revenue, and understanding its nature is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Artists Space Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Artists Space Inc's revenue has grown by 133.5%, moving from $1.0M to $2.4M. Total assets increased by 704.4% over the same period, from $1.3M to $10.2M. Total functional expenses rose by 119.8%, from $1.1M to $2.3M. In its most recent filing year (2023), Artists Space Inc reported a surplus of $34K, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $10.2M in assets (debt-to-asset ratio: 54.7%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.3M | $10.2M | $5.6M | — | View 990 |
| 2022 | $2.4M | $2.3M | $6.2M | $1.6M | — | View 990 |
| 2021 | $2.0M | $1.6M | $6.8M | $1.8M | — | View 990 |
| 2020 | $2.2M | $1.3M | $6.5M | $2.1M | — | View 990 |
| 2019 | $2.9M | $979K | $4.4M | $910K | — | View 990 |
| 2018 | $2.8M | $1.4M | $1.8M | $228K | — | View 990 |
| 2017 | $899K | $1.3M | $546K | $299K | — | View 990 |
| 2016 | $2.2M | $1.9M | $887K | $192K | — | View 990 |
| 2014 | $1.5M | $1.9M | $1.1M | $132K | — | View 990 |
| 2013 | $2.3M | $1.6M | $1.5M | $80K | — | View 990 |
| 2012 | $803K | $1.3M | $770K | $47K | — | View 990 |
| 2011 | $1.0M | $1.1M | $1.3M | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.3M, and assets of $10.2M (revenue -0.2% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $6.2M (revenue +18.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.6M, and assets of $6.8M (revenue -10.5% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.3M, and assets of $6.5M (revenue -22.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $979K, and assets of $4.4M (revenue +3.9% year-over-year).
- 2018: Revenue of $2.8M, expenses of $1.4M, and assets of $1.8M (revenue +208.7% year-over-year).
- 2017: Revenue of $899K, expenses of $1.3M, and assets of $546K (revenue -58.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.9M, and assets of $887K (revenue +48.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.9M, and assets of $1.1M (revenue -38.1% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.6M, and assets of $1.5M (revenue +192.6% year-over-year).
- 2012: Revenue of $803K, expenses of $1.3M, and assets of $770K (revenue -20.8% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Artists Space Inc:
Data Sources and Methodology
This transparency report for Artists Space 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.