Capital City Arts Initiative

Capital City Arts Initiative maintains stable finances with no liabilities and 0% officer compensation.

EIN: 201343468 · Carson City, NV · NTEE: A20 · Updated: 2026-03-28

$60KRevenue

$42KAssets

90/100Mission Score (Excellent)

A20

About Capital City Arts Initiative

Capital City Arts Initiative (EIN: 201343468) is a nonprofit organization based in Carson City, NV, classified under NTEE code A20. The organization reported total revenue of $60K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capital City Arts Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Capital City Arts Initiative demonstrates consistent financial stability with a healthy program spending ratio. In the latest filing (202406), the organization reported revenues of $60,105 against expenses of $59,433, indicating a slight surplus. Over the past five years, revenues have fluctuated, but the organization has generally managed its expenses well, maintaining positive net assets. The absence of liabilities across all reported periods is a strong indicator of sound financial management and low financial risk. The organization's commitment to transparency is evident through its consistent filing of IRS Form 990s, with 14 filings available, and the explicit reporting of 0% officer compensation, which is a positive sign for a small nonprofit. The organization's assets have grown over time, from $11,072 in 2017 to $41,861 in 2024, suggesting prudent financial stewardship and an ability to build reserves.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Capital City Arts Initiative 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, Capital City Arts Initiative 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly commendable for an organization of this size, indicating a strong volunteer-driven or very lean operational model.

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 Capital City Arts Initiative:

Consistent 0% officer compensation reported across all filings.
No reported liabilities in any filing period, indicating strong financial health.
Healthy asset growth from $11,072 in 2017 to $41,861 in 2024.
Consistent filing of IRS Form 990s, demonstrating transparency.
Operating with a slight surplus in the latest period (202406: Revenue $60,105, Expenses $59,433).

Frequently Asked Questions about Capital City Arts Initiative

Is Capital City Arts Initiative a good charity?

Based on the financial data, Capital City Arts Initiative appears to be a well-managed and efficient charity. It consistently spends a high percentage on programs, has no liabilities, and reports 0% officer compensation, all of which are strong indicators of a good charity.

How has Capital City Arts Initiative's financial health changed over time?

The organization has shown consistent financial stability. While revenue and expenses fluctuate year-to-year, it generally operates with a slight surplus or manages minor deficits without incurring debt. Assets have grown steadily from $11,072 in 2017 to $41,861 in 2024, indicating improving financial health.

What is Capital City Arts Initiative's approach to executive compensation?

Capital City Arts Initiative reports 0% officer compensation in all available filings, suggesting that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a very positive sign for donor confidence.

Filing History

IRS 990 filing history for Capital City Arts Initiative showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Capital City Arts Initiative's revenue has grown by 0.6%, moving from $60K to $60K. Total assets increased by 296.3% over the same period, from $11K to $42K. Total functional expenses fell by 6.5%, from $64K to $59K. In its most recent filing year (2024), Capital City Arts Initiative reported a surplus of $672, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$60K	$59K	$42K	$0	—	—
2023	$74K	$72K	$41K	$0	—	View 990
2022	$58K	$75K	$39K	$0	—	—
2021	$80K	$65K	$55K	$0	—	—
2020	$63K	$69K	$40K	$0	—	View 990
2019	$91K	$69K	$46K	$0	—	View 990
2018	$82K	$68K	$24K	$0	—	View 990
2017	$60K	$63K	$11K	$0	—	View 990
2016	$83K	$84K	$14K	$0	—	View 990
2015	$75K	$60K	$16K	$0	—	View 990
2014	$50K	$53K	$124	$0	—	View 990
2013	$58K	$60K	$3K	$0	—	View 990
2012	$58K	$64K	$5K	$0	—	View 990
2011	$60K	$64K	$11K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $60K, expenses of $59K, and assets of $42K (revenue -18.8% year-over-year).
2023: Revenue of $74K, expenses of $72K, and assets of $41K (revenue +26.6% year-over-year).
2022: Revenue of $58K, expenses of $75K, and assets of $39K (revenue -26.8% year-over-year).
2021: Revenue of $80K, expenses of $65K, and assets of $55K (revenue +26.4% year-over-year).
2020: Revenue of $63K, expenses of $69K, and assets of $40K (revenue -30.3% year-over-year).
2019: Revenue of $91K, expenses of $69K, and assets of $46K (revenue +11.2% year-over-year).
2018: Revenue of $82K, expenses of $68K, and assets of $24K (revenue +36.0% year-over-year).
2017: Revenue of $60K, expenses of $63K, and assets of $11K (revenue -27.3% year-over-year).
2016: Revenue of $83K, expenses of $84K, and assets of $14K (revenue +9.7% year-over-year).
2015: Revenue of $75K, expenses of $60K, and assets of $16K (revenue +51.0% year-over-year).
2014: Revenue of $50K, expenses of $53K, and assets of $124 (revenue -14.1% year-over-year).
2013: Revenue of $58K, expenses of $60K, and assets of $3K (revenue -0.6% year-over-year).
2012: Revenue of $58K, expenses of $64K, and assets of $5K (revenue -2.4% year-over-year).
2011: Revenue of $60K, expenses of $64K, and assets of $11K.

Data Sources and Methodology

This transparency report for Capital City Arts Initiative 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.