Fine Arts Radio Inc
Fine Arts Radio Inc: Declining Revenue, Strong Asset Base
EIN: 223015791 · Monroe, CT · Updated: 2026-04-04
About Fine Arts Radio Inc
Fine Arts Radio Inc (EIN: 223015791) is a nonprofit organization based in Monroe, CT. The organization reported total revenue of $47K and total assets of $511K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fine Arts Radio Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fine Arts Radio Inc with a Mission Score of 65 out of 100 (Good). 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: 70%
- fundraising: 15%
According to IRS 990 filings, Fine Arts Radio Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult beyond noting its inclusion within general 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 Fine Arts Radio Inc's IRS 990 filings:
- Significant decline in revenue from $115,643 in 2021 to $47,421 in 2023, raising sustainability concerns.
- Expenses consistently exceed revenue, leading to operational deficits in recent years.
Strengths
The following positive indicators were identified for Fine Arts Radio Inc:
- Maintains a substantial asset base of $511,441 in 2023, providing financial stability despite revenue declines.
- Consistent filing of financial data demonstrates a commitment to basic transparency.
Frequently Asked Questions about Fine Arts Radio Inc
What does Fine Arts Radio Inc do?
Fine Arts Radio Inc is a nonprofit organization in the Unknown sector, located in Monroe, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Fine Arts Radio Inc have?
Fine Arts Radio Inc reported total revenue of $47,421. Based on 3 IRS 990 filings on record.
What are Fine Arts Radio Inc's total assets?
Fine Arts Radio Inc holds total assets of $511,441 as reported in IRS 990 filings.
Where is Fine Arts Radio Inc located?
Fine Arts Radio Inc is based in Monroe, Connecticut.
What is Fine Arts Radio Inc's EIN?
Fine Arts Radio Inc's Employer Identification Number (EIN) is 223015791. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fine Arts Radio Inc?
Fine Arts Radio Inc is classified under NTEE code Unknown (Unknown).
Is Fine Arts Radio Inc a registered 501(c)(3)?
Fine Arts Radio Inc appears in IRS records (EIN: 223015791). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Fine Arts Radio Inc file IRS Form 990?
Yes, Fine Arts Radio Inc has 3 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Fine Arts Radio Inc's revenue in 2023?
In the 202312 filing period, Fine Arts Radio Inc reported total revenue of $47,421, total expenses of $31,145, and net assets of $511,441.
Is Fine Arts Radio Inc's revenue growing or declining?
Fine Arts Radio Inc's revenue is declining. Revenue went from $61,419 (202212) to $47,421 (202312), a -22.8% change. Based on 3 filings on record.
What is Fine Arts Radio Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Fine Arts Radio Inc covers tax period 202312. It shows revenue of $47,421, expenses of $31,145, total assets of $511,441, and liabilities of N/A.
How much does Fine Arts Radio Inc spend on programs vs administration?
Based on IRS 990 analysis, Fine Arts Radio Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Fine Arts Radio Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Fine Arts Radio Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Fine Arts Radio Inc?
The following concerns were identified: Significant decline in revenue from $115,643 in 2021 to $47,421 in 2023, raising sustainability concerns.. Expenses consistently exceed revenue, leading to operational deficits in recent years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fine Arts Radio Inc's strengths?
Positive indicators for Fine Arts Radio Inc include: Maintains a substantial asset base of $511,441 in 2023, providing financial stability despite revenue declines.. Consistent filing of financial data demonstrates a commitment to basic transparency.. These findings are derived from AI analysis of the organization's financial filings.
How does Fine Arts Radio Inc compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making a specific assessment difficult beyond noting its inclusion within general expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operational losses and declining revenue, what is the long-term strategy for Fine Arts Radio Inc to achieve financial sustainability?
The provided data does not detail specific strategies, but the organization would need to address the revenue decline and expense management to ensure long-term viability, potentially through new fundraising initiatives or program adjustments.
How does Fine Arts Radio Inc plan to leverage its significant asset base of over $500,000 to support its mission amidst revenue challenges?
While the assets provide a buffer, the data doesn't specify how they are being utilized to offset operational losses or fund new initiatives. A clear strategy for asset deployment would be beneficial.
Filing History
IRS 990 filing history for Fine Arts Radio Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Fine Arts Radio Inc's revenue has declined by 59%, moving from $116K to $47K. Total assets increased by 3% over the same period, from $497K to $511K. Total functional expenses fell by 55.9%, from $71K to $31K. In its most recent filing year (2023), Fine Arts Radio Inc reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $31K | $511K | $0 | — | — |
| 2022 | $61K | $71K | $487K | $0 | — | View 990 |
| 2021 | $116K | $71K | $497K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $31K, and assets of $511K (revenue -22.8% year-over-year).
- 2022: Revenue of $61K, expenses of $71K, and assets of $487K (revenue -46.9% year-over-year).
- 2021: Revenue of $116K, expenses of $71K, and assets of $497K.
Data Sources and Methodology
This transparency report for Fine Arts Radio 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.