Arts Nest
EIN: 471496714 · Minneapolis, MN · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $173K |
| Total Expenses | $185K |
| Net Assets | $289K |
Is Arts Nest Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arts Nest
Arts Nest (EIN: 471496714) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A25. The organization reported total revenue of $173K and total assets of $289K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts Nest's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts Nest is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2015–2024). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $185K |
| Surplus / Deficit | $-28,265 |
| Total Assets | $289K |
| Net Assets | $289K |
| Operating Margin | -18.1% |
| Months of Reserves | 18.8 months |
Financial Health Grade: B
In 2024, Arts Nest reported a deficit of $28K with expenses exceeding revenue, holds 18.8 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2024), Arts Nest's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.2% | +17.9% | -8.9% |
| 2023 | +45.3% | +7.3% | +13.6% |
| 2022 | -27.6% | +120.4% | -11.9% |
| 2021 | +0.5% | -55.5% | +38.1% |
| 2020 | -30.6% | -32.6% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts Nest 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 Nest 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
Frequently Asked Questions about Arts Nest
Is Arts Nest a legitimate charity?
Arts Nest (EIN: 471496714) is a registered tax-exempt nonprofit based in Minnesota. It has 10 years of IRS 990 filings on record. Total revenue: $173K. No red flags identified. Financial health grade: B.
How does Arts Nest spend its money?
Arts Nest reported $173K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arts Nest tax-deductible?
Arts Nest is registered as a tax-exempt nonprofit (EIN: 471496714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arts Nest located?
Arts Nest is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 471496714. It is classified under NTEE code A25.
How many years of IRS 990 filings does Arts Nest have?
Arts Nest has 10 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 $173K in total revenue.
Filing History
IRS 990 filing history for Arts Nest showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2024), Arts Nest's revenue has declined by 54.4%, moving from $344K to $157K. Total assets increased by 32.5% over the same period, from $218K to $289K. Total functional expenses rose by 47.1%, from $126K to $185K. In its most recent filing year (2024), Arts Nest reported a deficit of $28K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $157K | $185K | $289K | $0 | — | — |
| 2023 | $156K | $157K | $318K | $0 | — | View 990 |
| 2022 | $108K | $146K | $280K | $0 | — | View 990 |
| 2021 | $149K | $66K | $317K | $-695 | — | View 990 |
| 2020 | $148K | $149K | $230K | $0 | — | View 990 |
| 2019 | $213K | $221K | $212K | $0 | — | View 990 |
| 2018 | $184K | $176K | $220K | $0 | — | View 990 |
| 2017 | $151K | $147K | $211K | $0 | — | View 990 |
| 2016 | $156K | $167K | $207K | $213 | — | View 990 |
| 2015 | $344K | $126K | $218K | $313 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $157K, expenses of $185K, and assets of $289K (revenue +0.2% year-over-year).
- 2023: Revenue of $156K, expenses of $157K, and assets of $318K (revenue +45.3% year-over-year).
- 2022: Revenue of $108K, expenses of $146K, and assets of $280K (revenue -27.6% year-over-year).
- 2021: Revenue of $149K, expenses of $66K, and assets of $317K (revenue +0.5% year-over-year).
- 2020: Revenue of $148K, expenses of $149K, and assets of $230K (revenue -30.6% year-over-year).
- 2019: Revenue of $213K, expenses of $221K, and assets of $212K (revenue +15.5% year-over-year).
- 2018: Revenue of $184K, expenses of $176K, and assets of $220K (revenue +22.0% year-over-year).
- 2017: Revenue of $151K, expenses of $147K, and assets of $211K (revenue -2.8% year-over-year).
- 2016: Revenue of $156K, expenses of $167K, and assets of $207K (revenue -54.7% year-over-year).
- 2015: Revenue of $344K, expenses of $126K, and assets of $218K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts Nest:
Data Sources and Methodology
This transparency report for Arts Nest 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.