Firehouse Performing Arts Center
EIN: 813111512 · Minneapolis, MN · NTEE: A61
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Net Assets | $238K |
Is Firehouse Performing Arts Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Firehouse Performing Arts Center
Firehouse Performing Arts Center (EIN: 813111512) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A61. The organization reported total revenue of $1.3M and total assets of $302K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firehouse Performing Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Firehouse Performing Arts Center is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 40.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-79,832 |
| Total Assets | $413K |
| Total Liabilities | $175K |
| Net Assets | $238K |
| Operating Margin | -6.9% |
| Debt-to-Asset Ratio | 42.3% |
| Months of Reserves | 4.0 months |
Financial Health Grade: B
In 2023, Firehouse Performing Arts Center reported a deficit of $80K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 42.3% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Firehouse Performing Arts Center's revenue has grown at a compound annual growth rate (CAGR) of 40.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | +14.5% | -24.9% |
| 2022 | -12.5% | +30.3% | +28.9% |
| 2021 | +240.2% | +130.3% | +613.6% |
| 2020 | -52.0% | -51.1% | -35.0% |
| 2019 | +36.6% | +42.9% | -18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Firehouse Performing Arts Center 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 Firehouse Performing Arts Center 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 $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.3%.
Frequently Asked Questions about Firehouse Performing Arts Center
Is Firehouse Performing Arts Center a legitimate charity?
Firehouse Performing Arts Center (EIN: 813111512) is a registered tax-exempt nonprofit based in Minnesota. It has 8 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: B.
How does Firehouse Performing Arts Center spend its money?
Firehouse Performing Arts Center reported $1.3M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Firehouse Performing Arts Center tax-deductible?
Firehouse Performing Arts Center is registered as a tax-exempt nonprofit (EIN: 813111512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Firehouse Performing Arts Center located?
Firehouse Performing Arts Center is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 813111512. It is classified under NTEE code A61.
How many years of IRS 990 filings does Firehouse Performing Arts Center have?
Firehouse Performing Arts Center has 8 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Firehouse Performing Arts Center showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Firehouse Performing Arts Center's revenue has grown by 961.2%, moving from $110K to $1.2M. Total assets increased by 590.4% over the same period, from $60K to $413K. Total functional expenses rose by 2336.8%, from $51K to $1.2M. In its most recent filing year (2023), Firehouse Performing Arts Center reported a deficit of $80K, with expenses exceeding revenue. The organization holds $175K in liabilities against $413K in assets (debt-to-asset ratio: 42.3%), resulting in net assets of $238K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $413K | $175K | — | — |
| 2022 | $1.0M | $1.1M | $550K | $232K | — | View 990 |
| 2021 | $1.2M | $833K | $427K | $40K | — | View 990 |
| 2020 | $342K | $362K | $60K | $6K | — | — |
| 2019 | $711K | $740K | $92K | $18K | — | View 990 |
| 2018 | $521K | $518K | $113K | $11K | — | View 990 |
| 2017 | $374K | $333K | $110K | $11K | — | View 990 |
| 2016 | $110K | $51K | $60K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $413K (revenue +14.4% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.1M, and assets of $550K (revenue -12.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $833K, and assets of $427K (revenue +240.2% year-over-year).
- 2020: Revenue of $342K, expenses of $362K, and assets of $60K (revenue -52.0% year-over-year).
- 2019: Revenue of $711K, expenses of $740K, and assets of $92K (revenue +36.6% year-over-year).
- 2018: Revenue of $521K, expenses of $518K, and assets of $113K (revenue +39.4% year-over-year).
- 2017: Revenue of $374K, expenses of $333K, and assets of $110K (revenue +240.9% year-over-year).
- 2016: Revenue of $110K, expenses of $51K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Firehouse Performing Arts Center:
Data Sources and Methodology
This transparency report for Firehouse Performing Arts Center 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.