Artsconnect Inc
Artsconnect Inc experiences significant revenue and asset growth in its latest fiscal year with no reported officer compensation.
EIN: 205256513 · Topeka, KS · NTEE: A12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $421K |
| Program Spending | 85% |
| Net Assets | $184K |
| Transparency Score | 85/100 |
Is Artsconnect Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Artsconnect Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Artsconnect Inc
Artsconnect Inc (EIN: 205256513) is a nonprofit organization based in Topeka, KS, classified under NTEE code A12. The organization reported total revenue of $280K and total assets of $94K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Artsconnect Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Artsconnect Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $509K |
| Total Expenses | $421K |
| Surplus / Deficit | +$88K |
| Total Assets | $189K |
| Total Liabilities | $5K |
| Net Assets | $184K |
| Operating Margin | 17.2% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Artsconnect Inc reported a surplus of $88K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Artsconnect Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +210.6% | +139.3% | +89.8% |
| 2022 | +9.5% | +45.8% | -17.1% |
| 2021 | +1.4% | -23.5% | +39.0% |
| 2020 | -22.4% | -9.1% | -7.3% |
| 2019 | -7.3% | -12.2% | +10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Artsconnect Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Artsconnect Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $88K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Artsconnect Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for donor perception and resource allocation.
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.
Strengths
The following positive indicators were identified for Artsconnect Inc:
- Significant revenue growth in the latest fiscal year (202312 revenue of $508,918, up from $163,825 in 202212).
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and potentially volunteer leadership.
- Healthy asset growth, reaching $188,653 in 202312, strengthening the organization's financial stability.
- Low liabilities relative to assets and revenue, demonstrating sound financial management (e.g., $4,684 liabilities in 202312).
- Positive net assets in most periods, indicating financial solvency.
Frequently Asked Questions about Artsconnect Inc
Is Artsconnect Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Artsconnect Inc (EIN: 205256513) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Artsconnect Inc spend its money?
Artsconnect Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Artsconnect Inc tax-deductible?
Artsconnect Inc is registered as a tax-exempt nonprofit (EIN: 205256513). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Artsconnect Inc's spending goes to programs?
Artsconnect Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Artsconnect Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Artsconnect Inc is above average for NTEE category A12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Artsconnect Inc located?
Artsconnect Inc is headquartered in Topeka, Kansas and files with the IRS under EIN 205256513. It is classified under NTEE code A12.
How many years of IRS 990 filings does Artsconnect Inc have?
Artsconnect 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 $280K in total revenue.
What caused the significant increase in revenue and assets in the 202312 period?
The provided data shows a jump from $163,825 in revenue in 202212 to $508,918 in 202312, and assets from $99,374 to $188,653. Further investigation into the 990 filing for 202312 would be needed to identify the specific sources of this increased funding, such as major grants or successful fundraising campaigns.
How does Artsconnect Inc manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's executive leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within the 990, such as through program staff salaries rather than officer compensation. This practice generally indicates a high level of dedication and efficiency.
What are the specific program activities funded by Artsconnect Inc?
While the NTEE code A12 indicates 'Arts & Culture', the provided financial data does not detail specific program activities. Reviewing the full 990 filings would provide insight into the types of arts and culture programs the organization supports in Topeka, KS.
Filing History
IRS 990 filing history for Artsconnect Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Artsconnect Inc's revenue has grown by 936.5%, moving from $49K to $509K. Total assets increased by 4350.4% over the same period, from $4K to $189K. Total functional expenses rose by 588.1%, from $61K to $421K. In its most recent filing year (2023), Artsconnect Inc reported a surplus of $88K, with revenue exceeding expenses. The organization holds $5K in liabilities against $189K in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $184K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $509K | $421K | $189K | $5K | — | View 990 |
| 2022 | $164K | $176K | $99K | $3K | — | View 990 |
| 2021 | $150K | $121K | $120K | $11K | — | View 990 |
| 2020 | $147K | $158K | $86K | $6K | — | View 990 |
| 2019 | $190K | $174K | $93K | $3K | — | View 990 |
| 2018 | $205K | $198K | $85K | $10K | — | View 990 |
| 2017 | $207K | $163K | $81K | $6K | — | View 990 |
| 2016 | $117K | $123K | $34K | $3K | — | View 990 |
| 2015 | $108K | $108K | $38K | $1K | — | View 990 |
| 2014 | $123K | $121K | $39K | $3K | — | View 990 |
| 2013 | $102K | $81K | $37K | $3K | — | View 990 |
| 2012 | $115K | $99K | $15K | $2K | — | View 990 |
| 2011 | $49K | $49K | $6K | $9K | — | View 990 |
| 2010 | $49K | $61K | $4K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $509K, expenses of $421K, and assets of $189K (revenue +210.6% year-over-year).
- 2022: Revenue of $164K, expenses of $176K, and assets of $99K (revenue +9.5% year-over-year).
- 2021: Revenue of $150K, expenses of $121K, and assets of $120K (revenue +1.4% year-over-year).
- 2020: Revenue of $147K, expenses of $158K, and assets of $86K (revenue -22.4% year-over-year).
- 2019: Revenue of $190K, expenses of $174K, and assets of $93K (revenue -7.3% year-over-year).
- 2018: Revenue of $205K, expenses of $198K, and assets of $85K (revenue -1.2% year-over-year).
- 2017: Revenue of $207K, expenses of $163K, and assets of $81K (revenue +77.4% year-over-year).
- 2016: Revenue of $117K, expenses of $123K, and assets of $34K (revenue +7.7% year-over-year).
- 2015: Revenue of $108K, expenses of $108K, and assets of $38K (revenue -12.1% year-over-year).
- 2014: Revenue of $123K, expenses of $121K, and assets of $39K (revenue +21.5% year-over-year).
- 2013: Revenue of $102K, expenses of $81K, and assets of $37K (revenue -11.3% year-over-year).
- 2012: Revenue of $115K, expenses of $99K, and assets of $15K (revenue +136.1% year-over-year).
- 2011: Revenue of $49K, expenses of $49K, and assets of $6K (revenue -1.2% year-over-year).
- 2010: Revenue of $49K, expenses of $61K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Artsconnect Inc:
Data Sources and Methodology
This transparency report for Artsconnect 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.