Arts Partners Inc
EIN: 481197171 · Wichita, KS · NTEE: B80
| Metric | Value |
|---|---|
| Total Revenue | $704K |
| Total Expenses | $730K |
| Net Assets | $215K |
Is Arts Partners Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arts Partners Inc
Arts Partners Inc (EIN: 481197171) is a nonprofit organization based in Wichita, KS, classified under NTEE code B80. The organization reported total revenue of $704K and total assets of $345K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts Partners Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts Partners Inc is a small nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $813K |
| Total Expenses | $730K |
| Surplus / Deficit | +$83K |
| Total Assets | $323K |
| Total Liabilities | $108K |
| Net Assets | $215K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 33.3% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Arts Partners Inc reported a surplus of $83K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 33.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Arts Partners Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.0% | +46.0% | +18.1% |
| 2022 | +65.7% | +90.3% | +64.0% |
| 2021 | -7.0% | -16.4% | +39.9% |
| 2020 | +26.9% | +5.8% | +46.6% |
| 2019 | -6.1% | -2.6% | -13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts Partners Inc 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 Partners Inc 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 $83K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.3%.
Frequently Asked Questions about Arts Partners Inc
Is Arts Partners Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Arts Partners Inc (EIN: 481197171) insufficient data. 0 red flags identified, 0 strengths noted.
How does Arts Partners Inc spend its money?
Detailed spending breakdown data is not yet available for Arts Partners Inc. Check back for updated IRS 990 analysis.
Are donations to Arts Partners Inc tax-deductible?
Arts Partners Inc is registered as a tax-exempt nonprofit (EIN: 481197171). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arts Partners Inc located?
Arts Partners Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 481197171. It is classified under NTEE code B80.
How many years of IRS 990 filings does Arts Partners Inc have?
Arts Partners Inc has 12 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 $704K in total revenue.
Filing History
IRS 990 filing history for Arts Partners Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Arts Partners Inc's revenue has grown by 154.9%, moving from $319K to $813K. Total assets increased by 17.6% over the same period, from $275K to $323K. Total functional expenses rose by 110%, from $348K to $730K. In its most recent filing year (2023), Arts Partners Inc reported a surplus of $83K, with revenue exceeding expenses. The organization holds $108K in liabilities against $323K in assets (debt-to-asset ratio: 33.3%), resulting in net assets of $215K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $813K | $730K | $323K | $108K | — | — |
| 2022 | $528K | $500K | $274K | $141K | — | View 990 |
| 2021 | $319K | $263K | $167K | $62K | — | View 990 |
| 2020 | $343K | $314K | $119K | $71K | — | View 990 |
| 2019 | $270K | $297K | $81K | $61K | — | View 990 |
| 2018 | $287K | $305K | $94K | $56K | — | View 990 |
| 2017 | $313K | $308K | $129K | $73K | — | View 990 |
| 2016 | $353K | $455K | $125K | $74K | — | View 990 |
| 2014 | $366K | $398K | $285K | $59K | — | View 990 |
| 2013 | $322K | $356K | $311K | $53K | — | View 990 |
| 2012 | $429K | $375K | $341K | $49K | — | View 990 |
| 2011 | $319K | $348K | $275K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $813K, expenses of $730K, and assets of $323K (revenue +54.0% year-over-year).
- 2022: Revenue of $528K, expenses of $500K, and assets of $274K (revenue +65.7% year-over-year).
- 2021: Revenue of $319K, expenses of $263K, and assets of $167K (revenue -7.0% year-over-year).
- 2020: Revenue of $343K, expenses of $314K, and assets of $119K (revenue +26.9% year-over-year).
- 2019: Revenue of $270K, expenses of $297K, and assets of $81K (revenue -6.1% year-over-year).
- 2018: Revenue of $287K, expenses of $305K, and assets of $94K (revenue -8.2% year-over-year).
- 2017: Revenue of $313K, expenses of $308K, and assets of $129K (revenue -11.4% year-over-year).
- 2016: Revenue of $353K, expenses of $455K, and assets of $125K (revenue -3.5% year-over-year).
- 2014: Revenue of $366K, expenses of $398K, and assets of $285K (revenue +13.7% year-over-year).
- 2013: Revenue of $322K, expenses of $356K, and assets of $311K (revenue -25.0% year-over-year).
- 2012: Revenue of $429K, expenses of $375K, and assets of $341K (revenue +34.6% year-over-year).
- 2011: Revenue of $319K, expenses of $348K, and assets of $275K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts Partners Inc:
Data Sources and Methodology
This transparency report for Arts Partners Inc 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.