Artsbridge Foundation Inc
Artsbridge Foundation Inc. shows inconsistent financial performance with significant asset decline and periods of deficit spending.
EIN: 201638556 · Atlanta, GA · NTEE: A112 · Updated: 2026-03-28
Is Artsbridge Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Artsbridge Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Artsbridge Foundation Inc
Artsbridge Foundation Inc (EIN: 201638556) is a nonprofit organization based in Atlanta, GA, classified under NTEE code A112. The organization reported total revenue of $771K and total assets of $188K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Artsbridge Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Artsbridge Foundation Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $633K |
| Total Expenses | $800K |
| Surplus / Deficit | $-167,665 |
| Total Assets | $218K |
| Total Liabilities | $98K |
| Net Assets | $120K |
| Operating Margin | -26.5% |
| Debt-to-Asset Ratio | 44.8% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2023, Artsbridge Foundation Inc reported a deficit of $168K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 44.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Artsbridge Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | +16.6% | -33.8% |
| 2022 | -57.9% | +99.7% | -10.2% |
| 2021 | +272.0% | -29.0% | +46.7% |
| 2020 | -45.2% | -31.5% | -28.5% |
| 2019 | +6.5% | -88.4% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Artsbridge Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Artsbridge Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $168K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either an all-volunteer leadership or that compensation is categorized differently, which is unusual for an organization of this size and revenue.
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 Artsbridge Foundation Inc's IRS 990 filings:
- Significant and consistent deficit spending in multiple years (e.g., 202309, 202209, 202009, 201809).
- Dramatic decline in assets from over $5 million to $188,107 over several years.
- Extremely high expenses in 201809 ($6,061,752) relative to revenue ($738,797) without clear explanation in the provided data.
- Unusually high liabilities in earlier years (e.g., $1,359,839 in 201809) relative to assets at the time.
Strengths
The following positive indicators were identified for Artsbridge Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating transparency in this specific area.
- Significant reduction in liabilities from over $1 million to $97,520, improving its debt position.
- Periods of strong revenue generation, such as $1,604,781 in 202109.
Frequently Asked Questions about Artsbridge Foundation Inc
Is Artsbridge Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Artsbridge Foundation Inc (EIN: 201638556) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Artsbridge Foundation Inc spend its money?
Artsbridge Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Artsbridge Foundation Inc tax-deductible?
Artsbridge Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201638556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Artsbridge Foundation Inc. financially stable given its fluctuating revenue and expenses?
The organization's financial stability is questionable due to significant fluctuations in revenue and expenses, often resulting in deficits, such as the $167,665 deficit in 202309 ($632,738 revenue vs. $800,403 expenses). Its assets have also declined substantially from over $5 million to $188,107.
What caused the dramatic decrease in assets from 201709 to 201809?
Assets decreased from $5,821,480 in 201709 to $369,072 in 201809, coinciding with an exceptionally high expense year of $6,061,752. This suggests a significant divestment or a major one-time expenditure that depleted its asset base.
How does Artsbridge Foundation Inc. fund its operations when expenses exceed revenue?
In years where expenses exceed revenue, such as 202309 ($800,403 expenses vs. $632,738 revenue) and 201809 ($6,061,752 expenses vs. $738,797 revenue), the organization likely draws from reserves, sells assets, or incurs debt to cover the shortfall. The reduction in liabilities from over $1 million to $97,520 suggests some debt repayment, but the asset decline is more prominent.
Filing History
IRS 990 filing history for Artsbridge Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Artsbridge Foundation Inc's revenue has declined by 63.3%, moving from $1.7M to $633K. Total assets decreased by 96.7% over the same period, from $6.6M to $218K. Total functional expenses fell by 14.4%, from $935K to $800K. In its most recent filing year (2023), Artsbridge Foundation Inc reported a deficit of $168K, with expenses exceeding revenue. The organization holds $98K in liabilities against $218K in assets (debt-to-asset ratio: 44.8%), resulting in net assets of $120K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $633K | $800K | $218K | $98K | — | — |
| 2022 | $676K | $686K | $329K | $41K | — | View 990 |
| 2021 | $1.6M | $344K | $367K | $68K | — | View 990 |
| 2020 | $431K | $484K | $250K | $1.2M | — | View 990 |
| 2019 | $787K | $706K | $349K | $1.3M | — | View 990 |
| 2018 | $739K | $6.1M | $369K | $1.4M | — | View 990 |
| 2017 | $910K | $712K | $5.8M | $1.5M | — | View 990 |
| 2016 | $716K | $643K | $5.8M | $1.7M | — | View 990 |
| 2015 | $610K | $505K | $5.9M | $1.8M | — | View 990 |
| 2014 | $534K | $510K | $5.9M | $1.9M | — | View 990 |
| 2013 | $502K | $598K | $5.8M | $1.9M | — | View 990 |
| 2012 | $461K | $651K | $6.2M | $2.2M | — | View 990 |
| 2011 | $1.7M | $935K | $6.6M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $633K, expenses of $800K, and assets of $218K (revenue -6.3% year-over-year).
- 2022: Revenue of $676K, expenses of $686K, and assets of $329K (revenue -57.9% year-over-year).
- 2021: Revenue of $1.6M, expenses of $344K, and assets of $367K (revenue +272.0% year-over-year).
- 2020: Revenue of $431K, expenses of $484K, and assets of $250K (revenue -45.2% year-over-year).
- 2019: Revenue of $787K, expenses of $706K, and assets of $349K (revenue +6.5% year-over-year).
- 2018: Revenue of $739K, expenses of $6.1M, and assets of $369K (revenue -18.9% year-over-year).
- 2017: Revenue of $910K, expenses of $712K, and assets of $5.8M (revenue +27.2% year-over-year).
- 2016: Revenue of $716K, expenses of $643K, and assets of $5.8M (revenue +17.3% year-over-year).
- 2015: Revenue of $610K, expenses of $505K, and assets of $5.9M (revenue +14.2% year-over-year).
- 2014: Revenue of $534K, expenses of $510K, and assets of $5.9M (revenue +6.3% year-over-year).
- 2013: Revenue of $502K, expenses of $598K, and assets of $5.8M (revenue +9.0% year-over-year).
- 2012: Revenue of $461K, expenses of $651K, and assets of $6.2M (revenue -73.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $935K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Artsbridge Foundation Inc:
Data Sources and Methodology
This transparency report for Artsbridge Foundation 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.