Artsquest Foundation
Artsquest Foundation experiences extreme financial volatility with significant deficits in recent years.
EIN: 200652958 · Bethlehem, PA · NTEE: A11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $5.8M |
| Net Assets | $4.4M |
| Transparency Score | 30/100 |
Is Artsquest Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Artsquest Foundation
Artsquest Foundation (EIN: 200652958) is a nonprofit organization based in Bethlehem, PA, classified under NTEE code A11. The organization reported total revenue of $3.3M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Artsquest Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Artsquest Foundation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $292K |
| Total Expenses | $5.8M |
| Surplus / Deficit | $-5,544,540 |
| Total Assets | $6.8M |
| Total Liabilities | $2.5M |
| Net Assets | $4.4M |
| Operating Margin | -1897.1% |
| Debt-to-Asset Ratio | 36.2% |
| Months of Reserves | 14.0 months |
Financial Health Grade: B
In 2023, Artsquest Foundation reported a deficit of $5.5M with expenses exceeding revenue, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Artsquest Foundation's revenue has declined at a compound annual growth rate (CAGR) of -24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +269.8% | +2672.4% | -43.9% |
| 2022 | -76.0% | -40.9% | -8.3% |
| 2021 | -55.0% | +114.9% | -2.4% |
| 2020 | -76.9% | -21.0% | -1.2% |
| 2019 | +524.5% | -5.5% | +61.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Artsquest Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Artsquest Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that either no officers receive compensation directly from this entity or compensation is paid by a related organization, which could obscure the true cost of leadership.
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 Artsquest Foundation's IRS 990 filings:
- Extreme revenue and expense volatility year-over-year, making financial planning and assessment difficult.
- Significant deficits in recent years (e.g., 2023 expenses $5.8M vs. revenue $292k), indicating reliance on reserves or external funding not reflected in revenue.
- Substantial decline in assets from $28.4M in 2015 to $6.8M in 2023, suggesting significant asset utilization or transfers.
- 0% officer compensation reported across all filings, which could obscure true leadership costs if compensated by a related entity.
Strengths
The following positive indicators were identified for Artsquest Foundation:
- Historically capable of generating significant revenue in certain years (e.g., over $3M in 2019 and 2017).
- Maintained substantial asset levels for several years, indicating past financial strength.
Frequently Asked Questions about Artsquest Foundation
Is Artsquest Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Artsquest Foundation (EIN: 200652958) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does Artsquest Foundation spend its money?
Detailed spending breakdown data is not yet available for Artsquest Foundation. Check back for updated IRS 990 analysis.
Are donations to Artsquest Foundation tax-deductible?
Artsquest Foundation is registered as a tax-exempt nonprofit (EIN: 200652958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Artsquest Foundation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Artsquest Foundation is below average for NTEE category A11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Artsquest Foundation located?
Artsquest Foundation is headquartered in Bethlehem, Pennsylvania and files with the IRS under EIN 200652958. It is classified under NTEE code A11.
How many years of IRS 990 filings does Artsquest Foundation have?
Artsquest Foundation has 13 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 $3.3M in total revenue.
Why are expenses so much higher than revenue in recent years, such as $5.8 million in expenses vs. $292k in revenue in 2023?
The significant disparity between expenses and revenue, particularly the $5,836,797 in expenses against $292,257 in revenue in 2023, suggests that the foundation may be drawing down reserves, receiving substantial non-cash contributions, or operating as a pass-through entity for larger projects, which warrants further investigation.
What is the nature of the Artsquest Foundation's relationship with other Artsquest entities?
Given the 'Foundation' designation and the 0% officer compensation, it's crucial to understand if this entity primarily serves as a fundraising arm or endowment holder for a larger Artsquest organization, and how financial flows occur between them.
Why have assets decreased significantly from $28 million in 2015 to $6.8 million in 2023?
The substantial decline in assets over the past eight years indicates either significant spending from reserves, asset transfers to other entities, or a revaluation of holdings, which impacts the foundation's long-term financial capacity.
How does the organization sustain operations with such inconsistent revenue streams?
The highly fluctuating revenue, ranging from $79,021 in 2022 to over $3 million in 2019 and 2017, raises questions about the stability of its funding model and its ability to consistently support its mission.
Filing History
IRS 990 filing history for Artsquest Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Artsquest Foundation's revenue has declined by 96.7%, moving from $8.8M to $292K. Total assets decreased by 74.3% over the same period, from $26.6M to $6.8M. Total functional expenses rose by 382.7%, from $1.2M to $5.8M. In its most recent filing year (2023), Artsquest Foundation reported a deficit of $5.5M, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $6.8M in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $292K | $5.8M | $6.8M | $2.5M | — | — |
| 2022 | $79K | $211K | $12.2M | $2.6M | — | View 990 |
| 2021 | $329K | $356K | $13.3M | $2.7M | — | View 990 |
| 2020 | $730K | $166K | $13.6M | $2.9M | — | View 990 |
| 2019 | $3.2M | $210K | $13.8M | $3.5M | — | View 990 |
| 2018 | $507K | $222K | $8.5M | $1.6M | — | View 990 |
| 2017 | $3.2M | $463K | $8.4M | $1.6M | — | View 990 |
| 2016 | $768K | $20.8M | $8.2M | $4.2M | — | View 990 |
| 2015 | $689K | $559K | $28.5M | $4.4M | — | View 990 |
| 2014 | $871K | $496K | $28.3M | $4.3M | — | View 990 |
| 2013 | $1.2M | $504K | $28.0M | $4.3M | — | View 990 |
| 2012 | $2.1M | $753K | $27.0M | $4.2M | — | View 990 |
| 2011 | $8.8M | $1.2M | $26.6M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $292K, expenses of $5.8M, and assets of $6.8M (revenue +269.8% year-over-year).
- 2022: Revenue of $79K, expenses of $211K, and assets of $12.2M (revenue -76.0% year-over-year).
- 2021: Revenue of $329K, expenses of $356K, and assets of $13.3M (revenue -55.0% year-over-year).
- 2020: Revenue of $730K, expenses of $166K, and assets of $13.6M (revenue -76.9% year-over-year).
- 2019: Revenue of $3.2M, expenses of $210K, and assets of $13.8M (revenue +524.5% year-over-year).
- 2018: Revenue of $507K, expenses of $222K, and assets of $8.5M (revenue -84.0% year-over-year).
- 2017: Revenue of $3.2M, expenses of $463K, and assets of $8.4M (revenue +311.6% year-over-year).
- 2016: Revenue of $768K, expenses of $20.8M, and assets of $8.2M (revenue +11.4% year-over-year).
- 2015: Revenue of $689K, expenses of $559K, and assets of $28.5M (revenue -20.9% year-over-year).
- 2014: Revenue of $871K, expenses of $496K, and assets of $28.3M (revenue -25.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $504K, and assets of $28.0M (revenue -44.7% year-over-year).
- 2012: Revenue of $2.1M, expenses of $753K, and assets of $27.0M (revenue -75.9% year-over-year).
- 2011: Revenue of $8.8M, expenses of $1.2M, and assets of $26.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Artsquest Foundation:
Data Sources and Methodology
This transparency report for Artsquest Foundation 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.