City Arts Nashua
City Arts Nashua faces severe financial challenges with revenue plummeting to $468 against $26,597 in expenses in 2023.
EIN: 204708436 · Nashua, NH · NTEE: A23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $468 |
| Total Expenses | $27K |
| Program Spending | 70% |
| Net Assets | $38K |
| Transparency Score | 45/100 |
Is City Arts Nashua Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
City Arts Nashua directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About City Arts Nashua
City Arts Nashua (EIN: 204708436) is a nonprofit organization based in Nashua, NH, classified under NTEE code A23. The organization reported total revenue of $468 and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City Arts Nashua's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City Arts Nashua is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -45.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $468 |
| Total Expenses | $27K |
| Surplus / Deficit | $-26,129 |
| Total Assets | $38K |
| Net Assets | $38K |
| Operating Margin | -5583.1% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, City Arts Nashua reported a deficit of $26K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2023), City Arts Nashua's revenue has declined at a compound annual growth rate (CAGR) of -45.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.0% | +235.9% | -41.0% |
| 2022 | -42.3% | -32.6% | -1.8% |
| 2021 | -64.6% | +9.0% | -1.2% |
| 2020 | +56.4% | -46.6% | -47.2% |
| 2019 | -53.1% | -47.0% | +122.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 City Arts Nashua with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, City Arts Nashua allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
Executive Compensation Analysis
City Arts Nashua consistently reports 0% officer compensation across all filings, indicating a volunteer-led organization with no paid executives, which is typical for very small nonprofits.
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 City Arts Nashua's IRS 990 filings:
- Severe and sustained decline in revenue, from $84,178 in 2017 to $468 in 2023.
- Significant operating deficit in 2023 ($468 revenue vs. $26,597 expenses).
- Expenses consistently exceeding revenue in recent years (e.g., 2023, 2022, 2021, 2016).
- Assets have decreased from $124,333 in 2019 to $37,617 in 2023, indicating asset depletion.
Strengths
The following positive indicators were identified for City Arts Nashua:
- Consistent reporting of zero officer compensation, indicating a volunteer-driven model.
- Maintained zero liabilities in the latest filing (2023), demonstrating good debt management.
- History of consistent IRS 990 filings, indicating transparency in reporting.
Frequently Asked Questions about City Arts Nashua
Is City Arts Nashua a legitimate charity?
Based on AI analysis of IRS 990 filings, City Arts Nashua (EIN: 204708436) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does City Arts Nashua spend its money?
City Arts Nashua directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to City Arts Nashua tax-deductible?
City Arts Nashua is registered as a tax-exempt nonprofit (EIN: 204708436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of City Arts Nashua's spending goes to programs?
City Arts Nashua directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does City Arts Nashua compare to similar nonprofits?
With a transparency score of 45/100 (Fair), City Arts Nashua is near average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is City Arts Nashua located?
City Arts Nashua is headquartered in Nashua, New Hampshire and files with the IRS under EIN 204708436. It is classified under NTEE code A23.
How many years of IRS 990 filings does City Arts Nashua have?
City Arts Nashua has 10 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 $468 in total revenue.
What caused the drastic decline in revenue from $84,178 in 2017 to $468 in 2023?
The provided data does not specify the reasons for the revenue decline, but it is a critical area for investigation to understand the organization's financial health.
How does City Arts Nashua plan to address the significant operating deficit of $26,129 in 2023?
The filings do not detail future financial strategies, but the current trend of expenses far exceeding revenue is unsustainable and requires a clear plan.
What are the primary expense categories for City Arts Nashua, given the $26,597 in expenses in 2023?
Without a detailed breakdown of expenses in the provided data, it's unclear how the organization allocates its spending between programs, administration, and fundraising.
Is the organization at risk of ceasing operations if revenue trends continue?
Given the severe and sustained decline in revenue and consistent operating losses, the organization's long-term viability is certainly in question if these trends persist.
Filing History
IRS 990 filing history for City Arts Nashua showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2023), City Arts Nashua's revenue has declined by 99.2%, moving from $59K to $468. Total assets increased by 30% over the same period, from $29K to $38K. Total functional expenses fell by 59.6%, from $66K to $27K. In its most recent filing year (2023), City Arts Nashua reported a deficit of $26K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $468 | $27K | $38K | $0 | — | — |
| 2022 | $7K | $8K | $64K | $0 | — | View 990 |
| 2021 | $12K | $12K | $65K | $0 | — | — |
| 2020 | $33K | $11K | $66K | $659 | — | View 990 |
| 2019 | $21K | $20K | $124K | $81K | — | View 990 |
| 2018 | $45K | $38K | $56K | $759 | — | View 990 |
| 2017 | $84K | $74K | $48K | $0 | — | View 990 |
| 2016 | $75K | $82K | $39K | $0 | — | View 990 |
| 2015 | $82K | $72K | $54K | $3K | — | View 990 |
| 2015 | $59K | $66K | $29K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $468, expenses of $27K, and assets of $38K (revenue -93.0% year-over-year).
- 2022: Revenue of $7K, expenses of $8K, and assets of $64K (revenue -42.3% year-over-year).
- 2021: Revenue of $12K, expenses of $12K, and assets of $65K (revenue -64.6% year-over-year).
- 2020: Revenue of $33K, expenses of $11K, and assets of $66K (revenue +56.4% year-over-year).
- 2019: Revenue of $21K, expenses of $20K, and assets of $124K (revenue -53.1% year-over-year).
- 2018: Revenue of $45K, expenses of $38K, and assets of $56K (revenue -46.7% year-over-year).
- 2017: Revenue of $84K, expenses of $74K, and assets of $48K (revenue +11.9% year-over-year).
- 2016: Revenue of $75K, expenses of $82K, and assets of $39K (revenue -8.8% year-over-year).
- 2015: Revenue of $82K, expenses of $72K, and assets of $54K (revenue +39.0% year-over-year).
- 2015: Revenue of $59K, expenses of $66K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City Arts Nashua:
Data Sources and Methodology
This transparency report for City Arts Nashua 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.