Arts And Athletics Inc
EIN: 320396872 · Bronx, NY · NTEE: B80
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $3.2M |
| Net Assets | $280K |
Is Arts And Athletics Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arts And Athletics Inc
Arts And Athletics Inc (EIN: 320396872) is a nonprofit organization based in Bronx, NY, classified under NTEE code B80. The organization reported total revenue of $2.4M and total assets of $703K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts And Athletics Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts And Athletics Inc is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 30.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-231,072 |
| Total Assets | $794K |
| Total Liabilities | $514K |
| Net Assets | $280K |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 64.8% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Arts And Athletics Inc reported a deficit of $231K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 64.8% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Arts And Athletics Inc's revenue has grown at a compound annual growth rate (CAGR) of 30.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.3% | +9.8% | -30.1% |
| 2022 | +90.3% | +108.6% | +17.6% |
| 2021 | +79.2% | -1.6% | +130.7% |
| 2020 | -60.4% | -43.6% | -41.8% |
| 2019 | +14.6% | +17.7% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts And Athletics Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arts And Athletics Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.8%.
Frequently Asked Questions about Arts And Athletics Inc
Is Arts And Athletics Inc a legitimate charity?
Arts And Athletics Inc (EIN: 320396872) is a registered tax-exempt nonprofit based in New York. It has 8 years of IRS 990 filings on record. Total revenue: $2.4M. No red flags identified. Financial health grade: D.
How does Arts And Athletics Inc spend its money?
Arts And Athletics Inc reported $2.4M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arts And Athletics Inc tax-deductible?
Arts And Athletics Inc is registered as a tax-exempt nonprofit (EIN: 320396872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arts And Athletics Inc located?
Arts And Athletics Inc is headquartered in Bronx, New York and files with the IRS under EIN 320396872. It is classified under NTEE code B80.
How many years of IRS 990 filings does Arts And Athletics Inc have?
Arts And Athletics Inc has 8 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 $2.4M in total revenue.
Filing History
IRS 990 filing history for Arts And Athletics Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Arts And Athletics Inc's revenue has grown by 543.1%, moving from $463K to $3.0M. Total assets increased by 238.1% over the same period, from $235K to $794K. Total functional expenses rose by 577.6%, from $474K to $3.2M. In its most recent filing year (2023), Arts And Athletics Inc reported a deficit of $231K, with expenses exceeding revenue. The organization holds $514K in liabilities against $794K in assets (debt-to-asset ratio: 64.8%), resulting in net assets of $280K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.2M | $794K | $514K | — | — |
| 2022 | $3.4M | $2.9M | $1.1M | $624K | — | View 990 |
| 2021 | $1.8M | $1.4M | $965K | $967K | — | View 990 |
| 2020 | $1.0M | $1.4M | $418K | $824K | — | View 990 |
| 2019 | $2.5M | $2.5M | $719K | $708K | — | View 990 |
| 2018 | $2.2M | $2.1M | $661K | $669K | — | View 990 |
| 2017 | $1.6M | $1.7M | $359K | $441K | — | View 990 |
| 2016 | $463K | $474K | $235K | $243K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.2M, and assets of $794K (revenue -13.3% year-over-year).
- 2022: Revenue of $3.4M, expenses of $2.9M, and assets of $1.1M (revenue +90.3% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.4M, and assets of $965K (revenue +79.2% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.4M, and assets of $418K (revenue -60.4% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.5M, and assets of $719K (revenue +14.6% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $661K (revenue +36.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $359K (revenue +249.9% year-over-year).
- 2016: Revenue of $463K, expenses of $474K, and assets of $235K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts And Athletics Inc:
Data Sources and Methodology
This transparency report for Arts And Athletics 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.