Collaborative Arts Project 21 Inc
Collaborative Arts Project 21 Inc reports $0 revenue and assets after years of deficit spending and increasing liabilities.
EIN: 133735969 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $4.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $-3,819,282 |
| Transparency Score | 30/100 |
Is Collaborative Arts Project 21 Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Collaborative Arts Project 21 Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Collaborative Arts Project 21 Inc
Collaborative Arts Project 21 Inc (EIN: 133735969) is a nonprofit organization based in New York, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Collaborative Arts Project 21 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Collaborative Arts Project 21 Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-936,249 |
| Total Assets | $1.4M |
| Total Liabilities | $5.3M |
| Net Assets | $-3,819,282 |
| Operating Margin | -28.7% |
| Debt-to-Asset Ratio | 364.9% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2015, Collaborative Arts Project 21 Inc reported a deficit of $936K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 364.9% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Collaborative Arts Project 21 Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -0.4% | +4.5% | -16.4% |
| 2014 | +7.3% | +5.0% | -10.5% |
| 2013 | -9.7% | -9.2% | +6.2% |
| 2012 | -0.3% | +1.2% | +3.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Collaborative Arts Project 21 Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Collaborative Arts Project 21 Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $936K, with expenses exceeding revenue.
- Debt-to-asset ratio: 364.9%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, suggesting that key executives may not be drawing salaries directly from the organization, or their compensation is reported differently. This is unusual for an organization with over $3 million in annual expenses.
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 Collaborative Arts Project 21 Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential cessation of operations.
- Consistent deficit spending for five consecutive years (expenses exceeding revenue by $700k-$900k annually).
- Rapid increase in liabilities from $2.27 million in 2011 to $5.26 million in 2015, significantly exceeding assets.
- Assets consistently lower than liabilities, indicating insolvency.
- Unexplained 0% officer compensation despite significant annual expenses.
Strengths
The following positive indicators were identified for Collaborative Arts Project 21 Inc:
- Historically, the organization had a substantial revenue base, exceeding $3 million annually, suggesting a capacity for fundraising and program delivery in the past.
Frequently Asked Questions about Collaborative Arts Project 21 Inc
Is Collaborative Arts Project 21 Inc a legitimate charity?
Collaborative Arts Project 21 Inc (EIN: 133735969) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 30/100. It has 5 years of IRS 990 filings on record. 5 red flags identified. 1 strength noted. Financial health grade: C.
How does Collaborative Arts Project 21 Inc spend its money?
Collaborative Arts Project 21 Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Collaborative Arts Project 21 Inc tax-deductible?
Collaborative Arts Project 21 Inc is registered as a tax-exempt nonprofit (EIN: 133735969). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Collaborative Arts Project 21 Inc CEO make?
Collaborative Arts Project 21 Inc's highest-compensated officer earns $3 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Collaborative Arts Project 21 Inc's spending goes to programs?
Collaborative Arts Project 21 Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Collaborative Arts Project 21 Inc located?
Collaborative Arts Project 21 Inc is headquartered in New York, New York and files with the IRS under EIN 133735969.
How many years of IRS 990 filings does Collaborative Arts Project 21 Inc have?
Collaborative Arts Project 21 Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the sudden drop to $0 revenue and assets in the latest filing?
The provided data does not specify the reason for the sudden cessation of financial activity. It could indicate a cessation of operations, a merger, or a significant restructuring not detailed in the available filings.
How did Collaborative Arts Project 21 Inc manage to operate with consistent deficits for five years?
The organization likely covered its operational deficits by drawing down on existing assets or, more significantly, by incurring substantial liabilities, which increased from $2.27 million in 2011 to $5.26 million in 2015.
Is the organization still active given its latest financial report?
A report of $0 revenue and assets strongly suggests that the organization may no longer be actively operating or has undergone a significant change in its legal or financial structure. Further investigation beyond the provided 990 data would be needed to confirm its current status.
Filing History
IRS 990 filing history for Collaborative Arts Project 21 Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Collaborative Arts Project 21 Inc's revenue has declined by 3.7%, moving from $3.4M to $3.3M. Total assets decreased by 17.4% over the same period, from $1.7M to $1.4M. Total functional expenses rose by 0.8%, from $4.2M to $4.2M. In its most recent filing year (2015), Collaborative Arts Project 21 Inc reported a deficit of $936K, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $1.4M in assets (debt-to-asset ratio: 364.9%), resulting in net assets of $-3,819,282.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $3.3M | $4.2M | $1.4M | $5.3M | — | View 990 |
| 2014 | $3.3M | $4.0M | $1.7M | $4.6M | — | View 990 |
| 2013 | $3.1M | $3.8M | $1.9M | $4.1M | — | View 990 |
| 2012 | $3.4M | $4.2M | $1.8M | $3.2M | — | View 990 |
| 2011 | $3.4M | $4.2M | $1.7M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $3.3M, expenses of $4.2M, and assets of $1.4M (revenue -0.4% year-over-year).
- 2014: Revenue of $3.3M, expenses of $4.0M, and assets of $1.7M (revenue +7.3% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.8M, and assets of $1.9M (revenue -9.7% year-over-year).
- 2012: Revenue of $3.4M, expenses of $4.2M, and assets of $1.8M (revenue -0.3% year-over-year).
- 2011: Revenue of $3.4M, expenses of $4.2M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Collaborative Arts Project 21 Inc:
Data Sources and Methodology
This transparency report for Collaborative Arts Project 21 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.