Arts Equity
Arts Equity: Declining Revenue and High Administrative Costs Raise Concerns
EIN: 222869993 · Jamestown, RI · NTEE: A250 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $18K |
| Program Spending | 30% |
| Net Assets | $29K |
| Transparency Score | 65/100 |
Is Arts Equity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arts Equity directs 30% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Arts Equity
Arts Equity (EIN: 222869993) is a nonprofit organization based in Jamestown, RI, classified under NTEE code A250. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts Equity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts Equity is a micro nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $18K |
| Surplus / Deficit | +$2K |
| Total Assets | $30K |
| Total Liabilities | $1K |
| Net Assets | $29K |
| Operating Margin | 9.0% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 20.3 months |
Financial Health Grade: A
In 2023, Arts Equity reported a surplus of $2K with revenue exceeding expenses, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Arts Equity's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.3% | -71.8% | +0.8% |
| 2022 | +83.7% | +296.6% | -35.0% |
| 2021 | -11.3% | -73.7% | +26.5% |
| 2020 | -67.0% | -55.8% | -46.5% |
| 2019 | -29.5% | -20.6% | -45.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Equity with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 30%
- fundraising: 20%
According to IRS 990 filings, Arts Equity allocates its expenses as follows: admin: 50%, programs: 30%, fundraising: 20%. Only 30% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives.
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 Arts Equity's IRS 990 filings:
- Significant and consistent decline in revenue over the past seven years, from $151,687 in 2016 to $19,322 in 2023.
- High proportion of administrative expenses relative to program spending, indicating potential inefficiency.
- Negative net assets in multiple years (e.g., 2022 and 2020), suggesting financial instability.
- Lack of detailed program descriptions in the provided data makes it difficult to assess impact.
- The organization's assets have decreased substantially from $219,871 in 2016 to $29,797 in 2023.
Strengths
The following positive indicators were identified for Arts Equity:
- The organization has managed to reduce its liabilities significantly over the years, from $29,400 in 2016 to $1,000 in 2023.
- Despite financial challenges, the organization has maintained operations for several years.
Frequently Asked Questions about Arts Equity
Is Arts Equity a legitimate charity?
Based on AI analysis of IRS 990 filings, Arts Equity (EIN: 222869993) some concerns. Mission Score: 65/100. 5 red flags identified, 2 strengths noted.
How does Arts Equity spend its money?
Arts Equity directs 30% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Arts Equity tax-deductible?
Arts Equity is registered as a tax-exempt nonprofit (EIN: 222869993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Arts Equity's spending goes to programs?
Arts Equity directs 30% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Arts Equity compare to similar nonprofits?
With a transparency score of 65/100 (Good), Arts Equity is above average for NTEE category A250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Arts Equity located?
Arts Equity is headquartered in Jamestown, Rhode Island and files with the IRS under EIN 222869993. It is classified under NTEE code A250.
How many years of IRS 990 filings does Arts Equity have?
Arts Equity 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.
What does Arts Equity do?
Arts Equity is a nonprofit organization in the Arts, Culture & Humanities sector, located in Jamestown, Rhode Island. It is classified under NTEE code A250.
How much revenue does Arts Equity have?
Arts Equity reported total revenue of N/A. Based on 13 IRS 990 filings on record.
What are Arts Equity's total assets?
Arts Equity holds total assets of N/A as reported in IRS 990 filings.
Where is Arts Equity located?
Arts Equity is based in Jamestown, Rhode Island.
What is Arts Equity's EIN?
Arts Equity's Employer Identification Number (EIN) is 222869993. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Arts Equity?
Arts Equity is classified under NTEE code A250 (Arts, Culture & Humanities).
Is Arts Equity a registered 501(c)(3)?
Yes, Arts Equity is recognized as a tax-exempt organization by the IRS. EIN: 222869993.
Does Arts Equity file IRS Form 990?
Yes, Arts Equity has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Arts Equity's revenue in 2023?
In the 202309 filing period, Arts Equity reported total revenue of $19,322, total expenses of $17,581, and net assets of $29,797.
Is Arts Equity's revenue growing or declining?
Arts Equity's revenue is declining. Revenue went from $46,332 (202209) to $19,322 (202309), a -58.3% change. Based on 13 filings on record.
What is Arts Equity's most recent 990 filing?
The most recent IRS Form 990 filing for Arts Equity covers tax period 202309. It shows revenue of $19,322, expenses of $17,581, total assets of $29,797, and liabilities of $1,000.
How much does Arts Equity spend on programs vs administration?
Based on IRS 990 analysis, Arts Equity allocates approximately 30% of expenses to program services, 50% to administrative costs, and 20% to fundraising. Overhead costs appear high relative to program spending.
Is Arts Equity a trustworthy charity?
Based on AI analysis of IRS 990 data, Arts Equity shows mixed signals. Mission Score: 65/100 (Good). 5 red flags identified. 2 strengths noted.
What are the red flags for Arts Equity?
The following concerns were identified: Significant and consistent decline in revenue over the past seven years, from $151,687 in 2016 to $19,322 in 2023.. High proportion of administrative expenses relative to program spending, indicating potential inefficiency.. Negative net assets in multiple years (e.g., 2022 and 2020), suggesting financial instability.. Lack of detailed program descriptions in the provided data makes it difficult to assess impact.. The organization's assets have decreased substantially from $219,871 in 2016 to $29,797 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Arts Equity's strengths?
Positive indicators for Arts Equity include: The organization has managed to reduce its liabilities significantly over the years, from $29,400 in 2016 to $1,000 in 2023.. Despite financial challenges, the organization has maintained operations for several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Arts Equity compensate executives?
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial and consistent decline in revenue, what specific strategies are being implemented to reverse this trend and ensure long-term financial viability?
The provided data does not detail specific strategies, but the consistent decline from $151,687 in 2016 to $19,322 in 2023 suggests a need for a comprehensive fundraising and outreach plan.
With administrative expenses often exceeding program spending, what measures are in place to optimize operational efficiency and reallocate more funds directly to programs?
Without further information, it's difficult to pinpoint exact measures. However, the high administrative costs, such as $62,251 in 2022 compared to $46,332 in revenue, indicate a need for a thorough review of overhead.
Filing History
IRS 990 filing history for Arts Equity showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Arts Equity's revenue has declined by 93.7%, moving from $307K to $19K. Total assets decreased by 86.9% over the same period, from $228K to $30K. Total functional expenses fell by 93.9%, from $287K to $18K. In its most recent filing year (2023), Arts Equity reported a surplus of $2K, with revenue exceeding expenses. The organization holds $1K in liabilities against $30K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $18K | $30K | $1K | — | View 990 |
| 2022 | $46K | $62K | $30K | $3K | — | View 990 |
| 2021 | $25K | $16K | $45K | $3K | — | — |
| 2020 | $28K | $60K | $36K | $3K | — | — |
| 2019 | $86K | $135K | $67K | $3K | — | View 990 |
| 2018 | $122K | $170K | $123K | $9K | — | View 990 |
| 2017 | $127K | $156K | $188K | $27K | — | — |
| 2016 | $152K | $154K | $220K | $29K | — | View 990 |
| 2015 | $159K | $165K | $232K | $39K | — | View 990 |
| 2014 | $206K | $194K | $229K | $30K | — | View 990 |
| 2013 | $176K | $199K | $195K | $8K | — | View 990 |
| 2012 | $234K | $227K | $218K | $8K | — | View 990 |
| 2011 | $307K | $287K | $228K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $18K, and assets of $30K (revenue -58.3% year-over-year).
- 2022: Revenue of $46K, expenses of $62K, and assets of $30K (revenue +83.7% year-over-year).
- 2021: Revenue of $25K, expenses of $16K, and assets of $45K (revenue -11.3% year-over-year).
- 2020: Revenue of $28K, expenses of $60K, and assets of $36K (revenue -67.0% year-over-year).
- 2019: Revenue of $86K, expenses of $135K, and assets of $67K (revenue -29.5% year-over-year).
- 2018: Revenue of $122K, expenses of $170K, and assets of $123K (revenue -3.6% year-over-year).
- 2017: Revenue of $127K, expenses of $156K, and assets of $188K (revenue -16.4% year-over-year).
- 2016: Revenue of $152K, expenses of $154K, and assets of $220K (revenue -4.9% year-over-year).
- 2015: Revenue of $159K, expenses of $165K, and assets of $232K (revenue -22.4% year-over-year).
- 2014: Revenue of $206K, expenses of $194K, and assets of $229K (revenue +17.1% year-over-year).
- 2013: Revenue of $176K, expenses of $199K, and assets of $195K (revenue -24.9% year-over-year).
- 2012: Revenue of $234K, expenses of $227K, and assets of $218K (revenue -23.9% year-over-year).
- 2011: Revenue of $307K, expenses of $287K, and assets of $228K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts Equity:
Data Sources and Methodology
This transparency report for Arts Equity 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.