Atlas Performing Arts Center
EIN: 522358563 · Washington, DC · NTEE: A61
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $3.3M |
| Net Assets | $12.5M |
Is Atlas Performing Arts Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Atlas Performing Arts Center
Atlas Performing Arts Center (EIN: 522358563) is a nonprofit organization based in Washington, DC, classified under NTEE code A61. The organization reported total revenue of $3.0M and total assets of $14.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlas Performing Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlas Performing Arts Center is a mid-size nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 25.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-488,889 |
| Total Assets | $16.0M |
| Total Liabilities | $3.5M |
| Net Assets | $12.5M |
| Operating Margin | -17.6% |
| Debt-to-Asset Ratio | 21.9% |
| Months of Reserves | 58.9 months |
Financial Health Grade: B
In 2023, Atlas Performing Arts Center reported a deficit of $489K with expenses exceeding revenue, holds 58.9 months of operating reserves (strong position), has a debt-to-asset ratio of 21.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Atlas Performing Arts Center's revenue has grown at a compound annual growth rate (CAGR) of 25.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.4% | +22.9% | -4.6% |
| 2022 | +12.9% | +33.7% | -3.3% |
| 2021 | -21.6% | -28.0% | +2.2% |
| 2020 | -13.6% | -9.2% | +-0.0% |
| 2019 | -16.2% | -7.8% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Atlas Performing Arts Center 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 Atlas Performing Arts Center 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 deficit of $489K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.9%.
Frequently Asked Questions about Atlas Performing Arts Center
Is Atlas Performing Arts Center a legitimate charity?
Atlas Performing Arts Center (EIN: 522358563) is a registered tax-exempt nonprofit based in Washington DC. It has 14 years of IRS 990 filings on record. Total revenue: $3.0M. No red flags identified. Financial health grade: B.
How does Atlas Performing Arts Center spend its money?
Atlas Performing Arts Center reported $3.0M 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 Atlas Performing Arts Center tax-deductible?
Atlas Performing Arts Center is registered as a tax-exempt nonprofit (EIN: 522358563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Atlas Performing Arts Center located?
Atlas Performing Arts Center is headquartered in Washington, Washington DC and files with the IRS under EIN 522358563. It is classified under NTEE code A61.
How many years of IRS 990 filings does Atlas Performing Arts Center have?
Atlas Performing Arts Center 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 $3.0M in total revenue.
Filing History
IRS 990 filing history for Atlas Performing Arts Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Atlas Performing Arts Center's revenue has grown by 1824.3%, moving from $144K to $2.8M. Total assets increased by 31.5% over the same period, from $12.2M to $16.0M. Total functional expenses rose by 283.1%, from $852K to $3.3M. In its most recent filing year (2023), Atlas Performing Arts Center reported a deficit of $489K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $16.0M in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.3M | $16.0M | $3.5M | — | View 990 |
| 2022 | $2.7M | $2.7M | $16.8M | $5.1M | — | View 990 |
| 2021 | $2.4M | $2.0M | $17.4M | $5.7M | — | View 990 |
| 2020 | $3.0M | $2.8M | $17.0M | $5.7M | — | View 990 |
| 2019 | $3.5M | $3.0M | $17.0M | $6.0M | — | View 990 |
| 2018 | $4.2M | $3.3M | $16.8M | $6.3M | — | View 990 |
| 2017 | $3.0M | $3.3M | $16.7M | $7.0M | — | View 990 |
| 2016 | $2.8M | $3.1M | $17.2M | $7.2M | — | View 990 |
| 2015 | $2.8M | $3.0M | $17.6M | $7.3M | — | View 990 |
| 2014 | $1.1M | $2.2M | $17.8M | $7.4M | — | View 990 |
| 2013 | $4.2M | $2.4M | $19.7M | $6.9M | — | View 990 |
| 2012 | $599K | $1.5M | $11.6M | $294K | — | View 990 |
| 2011 | $1.6M | $1.3M | $12.3M | $320K | — | View 990 |
| 2010 | $144K | $852K | $12.2M | $311K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.3M, and assets of $16.0M (revenue +4.4% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $16.8M (revenue +12.9% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.0M, and assets of $17.4M (revenue -21.6% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.8M, and assets of $17.0M (revenue -13.6% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.0M, and assets of $17.0M (revenue -16.2% year-over-year).
- 2018: Revenue of $4.2M, expenses of $3.3M, and assets of $16.8M (revenue +38.4% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.3M, and assets of $16.7M (revenue +7.6% year-over-year).
- 2016: Revenue of $2.8M, expenses of $3.1M, and assets of $17.2M (revenue -1.9% year-over-year).
- 2015: Revenue of $2.8M, expenses of $3.0M, and assets of $17.6M (revenue +158.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $2.2M, and assets of $17.8M (revenue -73.7% year-over-year).
- 2013: Revenue of $4.2M, expenses of $2.4M, and assets of $19.7M (revenue +599.7% year-over-year).
- 2012: Revenue of $599K, expenses of $1.5M, and assets of $11.6M (revenue -63.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $12.3M (revenue +1042.9% year-over-year).
- 2010: Revenue of $144K, expenses of $852K, and assets of $12.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlas Performing Arts Center:
Data Sources and Methodology
This transparency report for Atlas Performing Arts Center 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.