Fine Arts Preparatory School
EIN: 881156332 · Moore, SC · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $349K |
| Total Expenses | $393K |
| Net Assets | $-43,789 |
Is Fine Arts Preparatory School Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fine Arts Preparatory School
Fine Arts Preparatory School (EIN: 881156332) is a nonprofit organization based in Moore, SC, classified under NTEE code B29. The organization reported total revenue of $349K and total assets of $97K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fine Arts Preparatory School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fine Arts Preparatory School is a small nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $393K |
| Surplus / Deficit | $-43,789 |
| Total Assets | $97K |
| Total Liabilities | $141K |
| Net Assets | $-43,789 |
| Operating Margin | -12.5% |
| Debt-to-Asset Ratio | 145.2% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Fine Arts Preparatory School reported a deficit of $44K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 145.2% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fine Arts Preparatory School 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 Fine Arts Preparatory School 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 $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 145.2%.
Frequently Asked Questions about Fine Arts Preparatory School
Is Fine Arts Preparatory School a legitimate charity?
Based on AI analysis of IRS 990 filings, Fine Arts Preparatory School (EIN: 881156332) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fine Arts Preparatory School spend its money?
Detailed spending breakdown data is not yet available for Fine Arts Preparatory School. Check back for updated IRS 990 analysis.
Are donations to Fine Arts Preparatory School tax-deductible?
Fine Arts Preparatory School is registered as a tax-exempt nonprofit (EIN: 881156332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fine Arts Preparatory School located?
Fine Arts Preparatory School is headquartered in Moore, South Carolina and files with the IRS under EIN 881156332. It is classified under NTEE code B29.
How many years of IRS 990 filings does Fine Arts Preparatory School have?
Fine Arts Preparatory School has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $349K in total revenue.
Filing History
IRS 990 filing history for Fine Arts Preparatory School showing financial trends over 2 years of public records:
Total assets increased by 9687700% over the same period, from $1 to $97K. In its most recent filing year (2023), Fine Arts Preparatory School reported a deficit of $44K, with expenses exceeding revenue. The organization holds $141K in liabilities against $97K in assets (debt-to-asset ratio: 145.2%), resulting in net assets of $-43,789.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $393K | $97K | $141K | — | View 990 |
| 2022 | $0 | $0 | $1 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fine Arts Preparatory School:
Data Sources and Methodology
This transparency report for Fine Arts Preparatory School 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.