Fine Arts Society Of Indianapolis
EIN: 237002448 · Indianapolis, IN
| Metric | Value |
|---|---|
| Total Revenue | $469K |
| Total Expenses | $672K |
| Net Assets | $576K |
Is Fine Arts Society Of Indianapolis 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 Society Of Indianapolis
Fine Arts Society Of Indianapolis (EIN: 237002448) is a nonprofit organization based in Indianapolis, IN. The organization reported total revenue of $469K and total assets of $640K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fine Arts Society Of Indianapolis's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fine Arts Society Of Indianapolis is a small nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $310K |
| Total Expenses | $672K |
| Surplus / Deficit | $-361,658 |
| Total Assets | $624K |
| Total Liabilities | $48K |
| Net Assets | $576K |
| Operating Margin | -116.7% |
| Debt-to-Asset Ratio | 7.7% |
| Months of Reserves | 11.2 months |
Financial Health Grade: B
In 2023, Fine Arts Society Of Indianapolis reported a deficit of $362K with expenses exceeding revenue, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Fine Arts Society Of Indianapolis's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.2% | +0.3% | -33.1% |
| 2022 | -32.5% | -3.7% | -31.4% |
| 2021 | -46.1% | +13.4% | -6.5% |
| 2020 | +180.2% | +12.5% | +45.3% |
| 2019 | -40.7% | +18.1% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fine Arts Society Of Indianapolis 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 Society Of Indianapolis 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 $362K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.7%.
Frequently Asked Questions about Fine Arts Society Of Indianapolis
Is Fine Arts Society Of Indianapolis a legitimate charity?
Fine Arts Society Of Indianapolis (EIN: 237002448) is a registered tax-exempt nonprofit based in Indiana. It has 14 years of IRS 990 filings on record. Total revenue: $469K. No red flags identified. Financial health grade: B.
How does Fine Arts Society Of Indianapolis spend its money?
Fine Arts Society Of Indianapolis reported $469K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fine Arts Society Of Indianapolis tax-deductible?
Fine Arts Society Of Indianapolis is registered as a tax-exempt nonprofit (EIN: 237002448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fine Arts Society Of Indianapolis located?
Fine Arts Society Of Indianapolis is headquartered in Indianapolis, Indiana and files with the IRS under EIN 237002448.
How many years of IRS 990 filings does Fine Arts Society Of Indianapolis have?
Fine Arts Society Of Indianapolis has 14 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 $469K in total revenue.
Filing History
IRS 990 filing history for Fine Arts Society Of Indianapolis showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Fine Arts Society Of Indianapolis's revenue has declined by 37.8%, moving from $498K to $310K. Total assets decreased by 58.4% over the same period, from $1.5M to $624K. Total functional expenses rose by 38.3%, from $486K to $672K. In its most recent filing year (2023), Fine Arts Society Of Indianapolis reported a deficit of $362K, with expenses exceeding revenue. The organization holds $48K in liabilities against $624K in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $576K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $310K | $672K | $624K | $48K | — | View 990 |
| 2022 | $374K | $670K | $934K | $55K | — | View 990 |
| 2021 | $554K | $696K | $1.4M | $23K | — | View 990 |
| 2020 | $1.0M | $614K | $1.5M | $25K | — | View 990 |
| 2019 | $367K | $545K | $1.0M | $40K | — | View 990 |
| 2018 | $619K | $462K | $1.1M | $34K | — | View 990 |
| 2017 | $308K | $414K | $1.1M | $20K | — | View 990 |
| 2016 | $411K | $481K | $1.1M | $15K | — | View 990 |
| 2015 | $356K | $492K | $1.3M | $140K | — | View 990 |
| 2014 | $477K | $447K | $1.4M | $33K | — | View 990 |
| 2013 | $454K | $555K | $1.4M | $28K | — | View 990 |
| 2012 | $481K | $533K | $1.4M | $16K | — | View 990 |
| 2011 | $481K | $509K | $1.4M | $19K | — | View 990 |
| 2010 | $498K | $486K | $1.5M | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $310K, expenses of $672K, and assets of $624K (revenue -17.2% year-over-year).
- 2022: Revenue of $374K, expenses of $670K, and assets of $934K (revenue -32.5% year-over-year).
- 2021: Revenue of $554K, expenses of $696K, and assets of $1.4M (revenue -46.1% year-over-year).
- 2020: Revenue of $1.0M, expenses of $614K, and assets of $1.5M (revenue +180.2% year-over-year).
- 2019: Revenue of $367K, expenses of $545K, and assets of $1.0M (revenue -40.7% year-over-year).
- 2018: Revenue of $619K, expenses of $462K, and assets of $1.1M (revenue +100.9% year-over-year).
- 2017: Revenue of $308K, expenses of $414K, and assets of $1.1M (revenue -25.0% year-over-year).
- 2016: Revenue of $411K, expenses of $481K, and assets of $1.1M (revenue +15.3% year-over-year).
- 2015: Revenue of $356K, expenses of $492K, and assets of $1.3M (revenue -25.3% year-over-year).
- 2014: Revenue of $477K, expenses of $447K, and assets of $1.4M (revenue +4.9% year-over-year).
- 2013: Revenue of $454K, expenses of $555K, and assets of $1.4M (revenue -5.5% year-over-year).
- 2012: Revenue of $481K, expenses of $533K, and assets of $1.4M (revenue +-0.0% year-over-year).
- 2011: Revenue of $481K, expenses of $509K, and assets of $1.4M (revenue -3.4% year-over-year).
- 2010: Revenue of $498K, expenses of $486K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fine Arts Society Of Indianapolis:
Data Sources and Methodology
This transparency report for Fine Arts Society Of Indianapolis 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.