Arts Impact Incorporated
Arts Impact Incorporated consistently operates without executive compensation, directing funds to its mission despite occasional operating deficits.
EIN: 10573988 · Cleveland, OH · NTEE: A62 · Updated: 2026-03-27
Is Arts Impact Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arts Impact Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Arts Impact Incorporated
Arts Impact Incorporated (EIN: 10573988) is a nonprofit organization based in Cleveland, OH, classified under NTEE code A62. The organization reported total revenue of $865K and total assets of $360K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts Impact Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arts Impact Incorporated with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Arts Impact Incorporated allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Arts Impact Incorporated consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its revenue size (latest revenue $865,062). This suggests a strong volunteer-driven leadership or that compensation is structured differently and not reported as officer compensation.
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 Impact Incorporated's IRS 990 filings:
- Occasional operating deficits (e.g., 202308 expenses $853,623 exceeded revenue $801,511)
- Unusually high fluctuation in annual revenue, making future projections less predictable
Strengths
The following positive indicators were identified for Arts Impact Incorporated:
- Consistent 0% officer compensation, maximizing funds for programs
- Strong historical financial transparency with 13 IRS 990 filings
- Generally low liabilities, indicating good financial health and low debt risk
- Consistent revenue generation over many years, demonstrating donor support
- Clear mission alignment with NTEE code A62 (Arts & Culture)
Frequently Asked Questions about Arts Impact Incorporated
Is Arts Impact Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Arts Impact Incorporated (EIN: 10573988) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Arts Impact Incorporated spend its money?
Arts Impact Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Arts Impact Incorporated tax-deductible?
Arts Impact Incorporated is registered as a tax-exempt nonprofit (EIN: 10573988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Arts Impact Incorporated a good charity?
Based on the available IRS 990 data, Arts Impact Incorporated appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its program spending is likely very high due to this, and it maintains relatively low liabilities.
How does Arts Impact Incorporated manage its finances given the lack of officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for key personnel is categorized differently and not reported under 'officer compensation' on the 990. This practice significantly reduces administrative overhead.
Has Arts Impact Incorporated experienced financial instability?
While the organization has experienced periods where expenses exceeded revenue (e.g., 202308 with a $52,112 deficit and 202008 with a $105,555 deficit), its overall asset base has remained stable or grown over time, and liabilities have generally been low, indicating no significant long-term financial instability.
What is the trend in Arts Impact Incorporated's revenue?
Arts Impact Incorporated's revenue has fluctuated over the years, ranging from a low of $333,072 in 201508 to a high of $945,601 in 202208. The latest reported revenue of $865,062 indicates a strong, though not consistently increasing, fundraising capacity.
Filing History
IRS 990 filing history for Arts Impact Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Arts Impact Incorporated's revenue has grown by 87.5%, moving from $427K to $802K. Total assets increased by 152.1% over the same period, from $148K to $374K. Total functional expenses rose by 128.5%, from $374K to $854K. In its most recent filing year (2023), Arts Impact Incorporated reported a deficit of $52K, with expenses exceeding revenue. The organization holds $24K in liabilities against $374K in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $350K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $802K | $854K | $374K | $24K | — | View 990 |
| 2022 | $946K | $841K | $434K | $32K | — | View 990 |
| 2021 | $758K | $619K | $312K | $15K | — | View 990 |
| 2020 | $542K | $648K | $270K | $111K | — | View 990 |
| 2019 | $722K | $620K | $275K | $11K | — | View 990 |
| 2018 | $480K | $693K | $169K | $6K | — | View 990 |
| 2017 | $453K | $742K | $387K | $11K | — | View 990 |
| 2016 | $898K | $678K | $676K | $11K | — | View 990 |
| 2015 | $333K | $440K | $451K | $6K | — | View 990 |
| 2014 | $898K | $540K | $546K | $9K | — | View 990 |
| 2013 | $410K | $428K | $181K | $525 | — | View 990 |
| 2012 | $417K | $367K | $199K | $850 | — | View 990 |
| 2011 | $427K | $374K | $148K | $326 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $802K, expenses of $854K, and assets of $374K (revenue -15.2% year-over-year).
- 2022: Revenue of $946K, expenses of $841K, and assets of $434K (revenue +24.7% year-over-year).
- 2021: Revenue of $758K, expenses of $619K, and assets of $312K (revenue +39.9% year-over-year).
- 2020: Revenue of $542K, expenses of $648K, and assets of $270K (revenue -24.9% year-over-year).
- 2019: Revenue of $722K, expenses of $620K, and assets of $275K (revenue +50.4% year-over-year).
- 2018: Revenue of $480K, expenses of $693K, and assets of $169K (revenue +5.9% year-over-year).
- 2017: Revenue of $453K, expenses of $742K, and assets of $387K (revenue -49.6% year-over-year).
- 2016: Revenue of $898K, expenses of $678K, and assets of $676K (revenue +169.6% year-over-year).
- 2015: Revenue of $333K, expenses of $440K, and assets of $451K (revenue -62.9% year-over-year).
- 2014: Revenue of $898K, expenses of $540K, and assets of $546K (revenue +119.0% year-over-year).
- 2013: Revenue of $410K, expenses of $428K, and assets of $181K (revenue -1.7% year-over-year).
- 2012: Revenue of $417K, expenses of $367K, and assets of $199K (revenue -2.5% year-over-year).
- 2011: Revenue of $427K, expenses of $374K, and assets of $148K.
Data Sources and Methodology
This transparency report for Arts Impact Incorporated 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.