Arts Asylum
EIN: 273791414 · Kansas City, MO · NTEE: A40
| Metric | Value |
|---|---|
| Total Revenue | $296K |
| Total Expenses | $247K |
| Net Assets | $70K |
Is Arts Asylum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arts Asylum
Arts Asylum (EIN: 273791414) is a nonprofit organization based in Kansas City, MO, classified under NTEE code A40. The organization reported total revenue of $296K and total assets of $592K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts Asylum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts Asylum is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $293K |
| Total Expenses | $247K |
| Surplus / Deficit | +$46K |
| Total Assets | $583K |
| Total Liabilities | $512K |
| Net Assets | $70K |
| Operating Margin | 15.8% |
| Debt-to-Asset Ratio | 87.9% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2023, Arts Asylum reported a surplus of $46K with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 87.9% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Arts Asylum's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.2% | +37.8% | +6.1% |
| 2022 | -38.6% | -41.4% | -4.3% |
| 2021 | +63.9% | +23.8% | +155.3% |
| 2020 | -64.7% | -25.2% | +33.1% |
| 2019 | +115.9% | +55.7% | +503.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts Asylum 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 Asylum 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 surplus of $46K, with revenue exceeding expenses.
- Debt-to-asset ratio: 87.9%.
Frequently Asked Questions about Arts Asylum
Is Arts Asylum a legitimate charity?
Arts Asylum (EIN: 273791414) is a registered tax-exempt nonprofit based in Missouri. It has 11 years of IRS 990 filings on record. Total revenue: $296K. No red flags identified. Financial health grade: A.
How does Arts Asylum spend its money?
Arts Asylum reported $296K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arts Asylum tax-deductible?
Arts Asylum is registered as a tax-exempt nonprofit (EIN: 273791414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arts Asylum located?
Arts Asylum is headquartered in Kansas City, Missouri and files with the IRS under EIN 273791414. It is classified under NTEE code A40.
How many years of IRS 990 filings does Arts Asylum have?
Arts Asylum has 11 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 $296K in total revenue.
Filing History
IRS 990 filing history for Arts Asylum showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Arts Asylum's revenue has grown by 206.2%, moving from $96K to $293K. Total assets increased by 17474.9% over the same period, from $3K to $583K. Total functional expenses rose by 165.9%, from $93K to $247K. In its most recent filing year (2023), Arts Asylum reported a surplus of $46K, with revenue exceeding expenses. The organization holds $512K in liabilities against $583K in assets (debt-to-asset ratio: 87.9%), resulting in net assets of $70K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $293K | $247K | $583K | $512K | — | — |
| 2022 | $164K | $179K | $549K | $525K | — | View 990 |
| 2021 | $268K | $306K | $574K | $535K | — | View 990 |
| 2020 | $164K | $247K | $225K | $148K | — | View 990 |
| 2019 | $464K | $330K | $169K | $9K | — | View 990 |
| 2018 | $215K | $212K | $28K | $2K | — | View 990 |
| 2017 | $184K | $183K | $23K | $0 | — | View 990 |
| 2016 | $194K | $185K | $22K | $0 | — | View 990 |
| 2015 | $142K | $131K | $13K | $0 | — | View 990 |
| 2014 | $130K | $131K | $2K | $0 | — | View 990 |
| 2013 | $96K | $93K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $293K, expenses of $247K, and assets of $583K (revenue +78.2% year-over-year).
- 2022: Revenue of $164K, expenses of $179K, and assets of $549K (revenue -38.6% year-over-year).
- 2021: Revenue of $268K, expenses of $306K, and assets of $574K (revenue +63.9% year-over-year).
- 2020: Revenue of $164K, expenses of $247K, and assets of $225K (revenue -64.7% year-over-year).
- 2019: Revenue of $464K, expenses of $330K, and assets of $169K (revenue +115.9% year-over-year).
- 2018: Revenue of $215K, expenses of $212K, and assets of $28K (revenue +16.7% year-over-year).
- 2017: Revenue of $184K, expenses of $183K, and assets of $23K (revenue -4.9% year-over-year).
- 2016: Revenue of $194K, expenses of $185K, and assets of $22K (revenue +36.3% year-over-year).
- 2015: Revenue of $142K, expenses of $131K, and assets of $13K (revenue +9.6% year-over-year).
- 2014: Revenue of $130K, expenses of $131K, and assets of $2K (revenue +35.5% year-over-year).
- 2013: Revenue of $96K, expenses of $93K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts Asylum:
Data Sources and Methodology
This transparency report for Arts Asylum 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.