Arts For Life
EIN: 562250962 · Asheville, NC · NTEE: A99
Is Arts For Life Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arts For Life
Arts For Life (EIN: 562250962) is a nonprofit organization based in Asheville, NC, classified under NTEE code A99. The organization reported total revenue of $531K and total assets of $719K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts For Life's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts For Life is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $520K |
| Total Expenses | $477K |
| Surplus / Deficit | +$43K |
| Total Assets | $706K |
| Total Liabilities | $11K |
| Net Assets | $695K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2023, Arts For Life reported a surplus of $43K with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Arts For Life's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | +2.4% | +5.2% |
| 2022 | -24.8% | +0.8% | +21.2% |
| 2021 | +28.1% | -32.5% | +60.5% |
| 2020 | -20.6% | +2.8% | +3.0% |
| 2019 | +21.2% | +2.8% | +40.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts For Life 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 For Life 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 $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Arts For Life
Is Arts For Life a legitimate charity?
Based on AI analysis of IRS 990 filings, Arts For Life (EIN: 562250962) insufficient data. 0 red flags identified, 0 strengths noted.
How does Arts For Life spend its money?
Detailed spending breakdown data is not yet available for Arts For Life. Check back for updated IRS 990 analysis.
Are donations to Arts For Life tax-deductible?
Arts For Life is registered as a tax-exempt nonprofit (EIN: 562250962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Arts For Life showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Arts For Life's revenue has grown by 27.5%, moving from $407K to $520K. Total assets increased by 44% over the same period, from $491K to $706K. Total functional expenses fell by 2.2%, from $488K to $477K. In its most recent filing year (2023), Arts For Life reported a surplus of $43K, with revenue exceeding expenses. The organization holds $11K in liabilities against $706K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $695K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $520K | $477K | $706K | $11K | — | — |
| 2022 | $580K | $466K | $672K | $19K | — | — |
| 2021 | $771K | $462K | $554K | $16K | — | View 990 |
| 2020 | $602K | $684K | $345K | $116K | — | — |
| 2019 | $758K | $666K | $335K | $24K | — | View 990 |
| 2018 | $626K | $648K | $239K | $20K | — | View 990 |
| 2017 | $530K | $557K | $262K | $22K | — | View 990 |
| 2016 | $445K | $444K | $271K | $4K | — | View 990 |
| 2015 | $385K | $393K | $269K | $2K | — | View 990 |
| 2014 | $325K | $359K | $303K | $28K | — | View 990 |
| 2013 | $377K | $365K | $338K | $1K | — | View 990 |
| 2012 | $345K | $479K | $330K | $4K | — | View 990 |
| 2011 | $407K | $488K | $491K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $520K, expenses of $477K, and assets of $706K (revenue -10.4% year-over-year).
- 2022: Revenue of $580K, expenses of $466K, and assets of $672K (revenue -24.8% year-over-year).
- 2021: Revenue of $771K, expenses of $462K, and assets of $554K (revenue +28.1% year-over-year).
- 2020: Revenue of $602K, expenses of $684K, and assets of $345K (revenue -20.6% year-over-year).
- 2019: Revenue of $758K, expenses of $666K, and assets of $335K (revenue +21.2% year-over-year).
- 2018: Revenue of $626K, expenses of $648K, and assets of $239K (revenue +18.0% year-over-year).
- 2017: Revenue of $530K, expenses of $557K, and assets of $262K (revenue +19.1% year-over-year).
- 2016: Revenue of $445K, expenses of $444K, and assets of $271K (revenue +15.6% year-over-year).
- 2015: Revenue of $385K, expenses of $393K, and assets of $269K (revenue +18.6% year-over-year).
- 2014: Revenue of $325K, expenses of $359K, and assets of $303K (revenue -13.9% year-over-year).
- 2013: Revenue of $377K, expenses of $365K, and assets of $338K (revenue +9.2% year-over-year).
- 2012: Revenue of $345K, expenses of $479K, and assets of $330K (revenue -15.3% year-over-year).
- 2011: Revenue of $407K, expenses of $488K, and assets of $491K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts For Life:
Data Sources and Methodology
This transparency report for Arts For Life 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.