Arts Together Inc
EIN: 581514416 · Raleigh, NC · NTEE: A6EJ
| Metric | Value |
|---|---|
| Total Revenue | $982K |
| Total Expenses | $945K |
| Net Assets | $-21,261 |
Is Arts Together 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 Together Inc
Arts Together Inc (EIN: 581514416) is a nonprofit organization based in Raleigh, NC, classified under NTEE code A6EJ. The organization reported total revenue of $982K and total assets of $524K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arts Together Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arts Together Inc is a small nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $899K |
| Total Expenses | $945K |
| Surplus / Deficit | $-45,935 |
| Total Assets | $333K |
| Total Liabilities | $354K |
| Net Assets | $-21,261 |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 106.4% |
| Months of Reserves | 4.2 months |
Financial Health Grade: C
In 2024, Arts Together Inc reported a deficit of $46K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 106.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Arts Together Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.8% | -6.7% | -24.6% |
| 2023 | +3.8% | +13.6% | +13.7% |
| 2022 | +67.2% | +51.2% | -15.9% |
| 2021 | -34.2% | -27.6% | +86.2% |
| 2020 | +1.7% | -5.1% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arts Together 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 Together 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.4%.
Frequently Asked Questions about Arts Together Inc
Is Arts Together Inc a legitimate charity?
Arts Together Inc (EIN: 581514416) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $982K. No red flags identified. Financial health grade: C.
How does Arts Together Inc spend its money?
Arts Together Inc reported $982K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arts Together Inc tax-deductible?
Arts Together Inc is registered as a tax-exempt nonprofit (EIN: 581514416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arts Together Inc located?
Arts Together Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 581514416. It is classified under NTEE code A6EJ.
How many years of IRS 990 filings does Arts Together Inc have?
Arts Together Inc has 14 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 $982K in total revenue.
Filing History
IRS 990 filing history for Arts Together Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Arts Together Inc's revenue has grown by 30.8%, moving from $688K to $899K. Total assets decreased by 34.5% over the same period, from $508K to $333K. Total functional expenses rose by 33.9%, from $706K to $945K. In its most recent filing year (2024), Arts Together Inc reported a deficit of $46K, with expenses exceeding revenue. The organization holds $354K in liabilities against $333K in assets (debt-to-asset ratio: 106.4%), resulting in net assets of $-21,261.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $899K | $945K | $333K | $354K | — | — |
| 2023 | $944K | $1.0M | $442K | $417K | — | View 990 |
| 2022 | $909K | $892K | $388K | $295K | — | View 990 |
| 2021 | $544K | $590K | $462K | $386K | — | — |
| 2020 | $826K | $814K | $248K | $172K | — | View 990 |
| 2019 | $812K | $859K | $242K | $178K | — | View 990 |
| 2018 | $806K | $777K | $309K | $198K | — | View 990 |
| 2017 | $747K | $785K | $272K | $190K | — | View 990 |
| 2016 | $763K | $778K | $277K | $156K | — | View 990 |
| 2015 | $738K | $757K | $304K | $168K | — | View 990 |
| 2014 | $673K | $723K | $315K | $160K | — | View 990 |
| 2013 | $632K | $674K | $364K | $159K | — | View 990 |
| 2012 | $696K | $703K | $365K | $117K | — | View 990 |
| 2011 | $688K | $706K | $508K | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $899K, expenses of $945K, and assets of $333K (revenue -4.8% year-over-year).
- 2023: Revenue of $944K, expenses of $1.0M, and assets of $442K (revenue +3.8% year-over-year).
- 2022: Revenue of $909K, expenses of $892K, and assets of $388K (revenue +67.2% year-over-year).
- 2021: Revenue of $544K, expenses of $590K, and assets of $462K (revenue -34.2% year-over-year).
- 2020: Revenue of $826K, expenses of $814K, and assets of $248K (revenue +1.7% year-over-year).
- 2019: Revenue of $812K, expenses of $859K, and assets of $242K (revenue +0.8% year-over-year).
- 2018: Revenue of $806K, expenses of $777K, and assets of $309K (revenue +7.9% year-over-year).
- 2017: Revenue of $747K, expenses of $785K, and assets of $272K (revenue -2.1% year-over-year).
- 2016: Revenue of $763K, expenses of $778K, and assets of $277K (revenue +3.4% year-over-year).
- 2015: Revenue of $738K, expenses of $757K, and assets of $304K (revenue +9.7% year-over-year).
- 2014: Revenue of $673K, expenses of $723K, and assets of $315K (revenue +6.5% year-over-year).
- 2013: Revenue of $632K, expenses of $674K, and assets of $364K (revenue -9.2% year-over-year).
- 2012: Revenue of $696K, expenses of $703K, and assets of $365K (revenue +1.2% year-over-year).
- 2011: Revenue of $688K, expenses of $706K, and assets of $508K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arts Together Inc:
Data Sources and Methodology
This transparency report for Arts Together 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.