Arts Are Elementary
Arts Are Elementary maintains stable, modest operations with no officer compensation.
EIN: 10439829 · Brunswick, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36K |
| Total Expenses | $42K |
| Program Spending | 85% |
| Net Assets | $38K |
| Transparency Score | 88/100 |
Is Arts Are Elementary Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arts Are Elementary directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Arts Are Elementary
Arts Are Elementary (EIN: 10439829) is a nonprofit organization based in Brunswick, ME. The organization reported total revenue of $36K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts Are Elementary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts Are Elementary is a micro nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $42K |
| Surplus / Deficit | $-444 |
| Total Assets | $39K |
| Total Liabilities | $212 |
| Net Assets | $38K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2024, Arts Are Elementary reported a deficit of $444 with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Arts Are Elementary's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.0% | +5.2% | -1.5% |
| 2023 | -10.5% | +2.6% | -7.4% |
| 2022 | +9.7% | +20.4% | -2.8% |
| 2020 | +22.0% | -28.2% | +22.5% |
| 2019 | -17.7% | -13.8% | -26.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Arts Are Elementary 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, Arts Are Elementary 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $444, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable for an organization of its size, ensuring that all funds are directed towards its programs and operations.
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.
Strengths
The following positive indicators were identified for Arts Are Elementary:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Low liabilities across all filing periods, demonstrating strong financial management.
- Stable asset base, suggesting consistent operational capacity.
- Long filing history (13 filings), indicating sustained operation and transparency.
Frequently Asked Questions about Arts Are Elementary
Is Arts Are Elementary a legitimate charity?
Arts Are Elementary (EIN: 10439829) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $36K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Arts Are Elementary spend its money?
Arts Are Elementary directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Arts Are Elementary tax-deductible?
Arts Are Elementary is registered as a tax-exempt nonprofit (EIN: 10439829). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Arts Are Elementary's spending goes to programs?
Arts Are Elementary directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Arts Are Elementary located?
Arts Are Elementary is headquartered in Brunswick, Maine and files with the IRS under EIN 10439829.
How many years of IRS 990 filings does Arts Are Elementary have?
Arts Are Elementary 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 $36K in total revenue.
Is Arts Are Elementary a good charity?
Based on the available financial data, Arts Are Elementary appears to be a well-managed small charity. Its consistent reporting of 0% officer compensation, low liabilities, and stable asset base suggest a strong commitment to its mission and efficient use of funds. While it experiences minor operational deficits in some years, these are not significant enough to raise major concerns.
How does Arts Are Elementary manage its expenses relative to its revenue?
Arts Are Elementary generally manages its expenses closely to its revenue. In some years, like 2024 and 2023, expenses slightly exceeded revenue (e.g., $42,191 expenses vs. $41,747 revenue in 2024). However, in other years, such as 2020 ($32,483 expenses vs. $35,748 revenue) and 2017 ($45,485 expenses vs. $51,251 revenue), the organization generated a surplus. This indicates a generally balanced approach to spending, though it occasionally operates with a small deficit.
What is the trend in Arts Are Elementary's assets and liabilities?
Arts Are Elementary's assets have remained relatively stable over the years, typically ranging from $35,000 to $63,000, with the latest reported assets at $38,539. Liabilities are consistently very low, often in the hundreds or low thousands (e.g., $212 in 2024, $5,090 in 2023), indicating minimal debt and strong financial health in this regard.
Filing History
IRS 990 filing history for Arts Are Elementary showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Arts Are Elementary's revenue has grown by 5.2%, moving from $40K to $42K. Total assets increased by 29.1% over the same period, from $30K to $39K. Total functional expenses rose by 56.9%, from $27K to $42K. In its most recent filing year (2024), Arts Are Elementary reported a deficit of $444, with expenses exceeding revenue. The organization holds $212 in liabilities against $39K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $42K | $42K | $39K | $212 | — | — |
| 2023 | $35K | $40K | $39K | $5K | — | View 990 |
| 2022 | $39K | $39K | $42K | $6K | — | View 990 |
| 2020 | $36K | $32K | $43K | $7K | — | View 990 |
| 2019 | $29K | $45K | $35K | $3K | — | View 990 |
| 2018 | $36K | $52K | $48K | $375 | — | View 990 |
| 2017 | $51K | $45K | $64K | $191 | — | View 990 |
| 2016 | $54K | $47K | $55K | $191 | — | View 990 |
| 2015 | $48K | $42K | $50K | $191 | — | View 990 |
| 2014 | $36K | $36K | $45K | $0 | — | View 990 |
| 2013 | $49K | $43K | $45K | $0 | — | View 990 |
| 2012 | $40K | $31K | $38K | $0 | — | View 990 |
| 2011 | $40K | $27K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $42K, expenses of $42K, and assets of $39K (revenue +19.0% year-over-year).
- 2023: Revenue of $35K, expenses of $40K, and assets of $39K (revenue -10.5% year-over-year).
- 2022: Revenue of $39K, expenses of $39K, and assets of $42K (revenue +9.7% year-over-year).
- 2020: Revenue of $36K, expenses of $32K, and assets of $43K (revenue +22.0% year-over-year).
- 2019: Revenue of $29K, expenses of $45K, and assets of $35K (revenue -17.7% year-over-year).
- 2018: Revenue of $36K, expenses of $52K, and assets of $48K (revenue -30.6% year-over-year).
- 2017: Revenue of $51K, expenses of $45K, and assets of $64K (revenue -5.5% year-over-year).
- 2016: Revenue of $54K, expenses of $47K, and assets of $55K (revenue +12.2% year-over-year).
- 2015: Revenue of $48K, expenses of $42K, and assets of $50K (revenue +36.0% year-over-year).
- 2014: Revenue of $36K, expenses of $36K, and assets of $45K (revenue -27.7% year-over-year).
- 2013: Revenue of $49K, expenses of $43K, and assets of $45K (revenue +23.4% year-over-year).
- 2012: Revenue of $40K, expenses of $31K, and assets of $38K (revenue +0.4% year-over-year).
- 2011: Revenue of $40K, expenses of $27K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts Are Elementary:
Data Sources and Methodology
This transparency report for Arts Are Elementary 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.