Bronx Council On The Arts Inc
Bronx Council On The Arts shows strong asset growth and no reported officer compensation over the last decade.
EIN: 132601303 · Bronx, NY · NTEE: A260 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| Net Assets | $7.8M |
| Transparency Score | 90/100 |
Is Bronx Council On The Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bronx Council On The Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bronx Council On The Arts Inc
Bronx Council On The Arts Inc (EIN: 132601303) is a nonprofit organization based in Bronx, NY, classified under NTEE code A260. The organization reported total revenue of $3.0M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bronx Council On The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bronx Council On The Arts Inc is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$204K |
| Total Assets | $8.1M |
| Total Liabilities | $357K |
| Net Assets | $7.8M |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 40.5 months |
Financial Health Grade: A
In 2023, Bronx Council On The Arts Inc reported a surplus of $204K with revenue exceeding expenses, holds 40.5 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bronx Council On The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +15.7% | +1.9% |
| 2022 | +14.2% | +38.2% | -4.3% |
| 2021 | -12.3% | -9.1% | +13.2% |
| 2020 | -26.6% | +3.3% | +14.7% |
| 2019 | -15.2% | +19.8% | +33.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
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 Bronx Council On The Arts Inc with a Mission Score of 90 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, Bronx Council On The Arts 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 $204K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests either a volunteer-led executive team or compensation being reported under different categories, warranting further investigation for complete transparency.
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 Bronx Council On The Arts Inc's IRS 990 filings:
- Unusually low or 0% officer compensation reported, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
The following positive indicators were identified for Bronx Council On The Arts Inc:
- Consistent asset growth, from $1.29M in 2014 to $8.12M in 2023, indicating strong financial management.
- Positive net income in most recent years, demonstrating financial sustainability.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Strong program focus implied by the absence of reported officer compensation, directing resources to mission.
Frequently Asked Questions about Bronx Council On The Arts Inc
Is Bronx Council On The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bronx Council On The Arts Inc (EIN: 132601303) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Bronx Council On The Arts Inc spend its money?
Bronx Council On The Arts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bronx Council On The Arts Inc tax-deductible?
Bronx Council On The Arts Inc is registered as a tax-exempt nonprofit (EIN: 132601303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bronx Council On The Arts Inc's spending goes to programs?
Bronx Council On The Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bronx Council On The Arts Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Bronx Council On The Arts Inc is above average for NTEE category A260 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bronx Council On The Arts Inc located?
Bronx Council On The Arts Inc is headquartered in Bronx, New York and files with the IRS under EIN 132601303. It is classified under NTEE code A260.
How many years of IRS 990 filings does Bronx Council On The Arts Inc have?
Bronx Council On The Arts Inc 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 $3.0M in total revenue.
How does Bronx Council On The Arts Inc manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size and revenue. It suggests that executive leadership may be entirely volunteer-based, or their compensation is categorized differently within the financial statements, which would require a deeper dive into the full IRS Form 990 to understand.
What is the primary driver of the significant asset growth observed?
The organization has consistently generated more revenue than expenses in most years, particularly between 2017 and 2021, leading to substantial surpluses that have accumulated as assets. For example, in 2019, revenue was $3,120,351 against expenses of $1,603,106, contributing significantly to asset growth.
Is the organization's revenue stable?
Revenue has fluctuated over the years, with a peak of $3,678,137 in 2018 and a low of $1,346,784 in 2015. However, it has generally trended upwards in recent years, reaching $2,609,786 in 2023, indicating a relatively stable and growing funding base.
Filing History
IRS 990 filing history for Bronx Council On The Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bronx Council On The Arts Inc's revenue has grown by 1.1%, moving from $2.6M to $2.6M. Total assets increased by 442.7% over the same period, from $1.5M to $8.1M. Total functional expenses rose by 57.6%, from $1.5M to $2.4M. In its most recent filing year (2023), Bronx Council On The Arts Inc reported a surplus of $204K, with revenue exceeding expenses. The organization holds $357K in liabilities against $8.1M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.4M | $8.1M | $357K | — | — |
| 2022 | $2.3M | $2.1M | $8.0M | $406K | — | View 990 |
| 2021 | $2.0M | $1.5M | $8.3M | $983K | — | View 990 |
| 2020 | $2.3M | $1.7M | $7.4M | $516K | — | View 990 |
| 2019 | $3.1M | $1.6M | $6.4M | $207K | — | View 990 |
| 2018 | $3.7M | $1.3M | $4.8M | $112K | — | View 990 |
| 2017 | $2.2M | $1.1M | $2.5M | $112K | — | View 990 |
| 2016 | $1.4M | $1.3M | $1.4M | $119K | — | View 990 |
| 2015 | $1.3M | $1.3M | $1.4M | $218K | — | View 990 |
| 2014 | $1.6M | $1.2M | $1.3M | $142K | — | View 990 |
| 2013 | $1.2M | $1.4M | $1000K | $247K | — | View 990 |
| 2012 | $1.8M | $1.4M | $2.1M | $227K | — | View 990 |
| 2011 | $2.6M | $1.5M | $1.5M | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.4M, and assets of $8.1M (revenue +13.7% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.1M, and assets of $8.0M (revenue +14.2% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.5M, and assets of $8.3M (revenue -12.3% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.7M, and assets of $7.4M (revenue -26.6% year-over-year).
- 2019: Revenue of $3.1M, expenses of $1.6M, and assets of $6.4M (revenue -15.2% year-over-year).
- 2018: Revenue of $3.7M, expenses of $1.3M, and assets of $4.8M (revenue +64.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $1.1M, and assets of $2.5M (revenue +64.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $1.4M (revenue +0.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $1.4M (revenue -17.4% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.2M, and assets of $1.3M (revenue +34.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.4M, and assets of $1000K (revenue -34.2% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.4M, and assets of $2.1M (revenue -28.7% year-over-year).
- 2011: Revenue of $2.6M, expenses of $1.5M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bronx Council On The Arts Inc:
Data Sources and Methodology
This transparency report for Bronx Council On The Arts 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.