Five Wings Arts Council
EIN: 411994039 · Staples, MN · NTEE: A26
| Metric | Value |
|---|---|
| Total Revenue | $887K |
| Total Expenses | $818K |
| Net Assets | $3K |
Is Five Wings Arts Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Five Wings Arts Council
Five Wings Arts Council (EIN: 411994039) is a nonprofit organization based in Staples, MN, classified under NTEE code A26. The organization reported total revenue of $887K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Five Wings Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Five Wings Arts Council is a small nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $632K |
| Total Expenses | $818K |
| Surplus / Deficit | $-185,897 |
| Total Assets | $101K |
| Total Liabilities | $98K |
| Net Assets | $3K |
| Operating Margin | -29.4% |
| Debt-to-Asset Ratio | 96.7% |
| Months of Reserves | 1.5 months |
Financial Health Grade: D
In 2023, Five Wings Arts Council reported a deficit of $186K with expenses exceeding revenue, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 96.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Five Wings Arts Council's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.7% | +24.6% | -54.0% |
| 2022 | +13.5% | +18.0% | +19.7% |
| 2021 | -8.7% | -2.6% | +68.9% |
| 2020 | +11.2% | -10.8% | +197.5% |
| 2019 | +12.5% | +25.8% | +52.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Five Wings Arts Council 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 Five Wings Arts Council 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 $186K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.7%.
Frequently Asked Questions about Five Wings Arts Council
Is Five Wings Arts Council a legitimate charity?
Five Wings Arts Council (EIN: 411994039) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $887K. No red flags identified. Financial health grade: D.
How does Five Wings Arts Council spend its money?
Five Wings Arts Council reported $887K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Five Wings Arts Council tax-deductible?
Five Wings Arts Council is registered as a tax-exempt nonprofit (EIN: 411994039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Five Wings Arts Council located?
Five Wings Arts Council is headquartered in Staples, Minnesota and files with the IRS under EIN 411994039. It is classified under NTEE code A26.
How many years of IRS 990 filings does Five Wings Arts Council have?
Five Wings Arts Council has 12 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 $887K in total revenue.
Filing History
IRS 990 filing history for Five Wings Arts Council showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Five Wings Arts Council's revenue has grown by 37.4%, moving from $460K to $632K. Total assets decreased by 46.1% over the same period, from $188K to $101K. Total functional expenses rose by 71.3%, from $478K to $818K. In its most recent filing year (2023), Five Wings Arts Council reported a deficit of $186K, with expenses exceeding revenue. The organization holds $98K in liabilities against $101K in assets (debt-to-asset ratio: 96.7%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $632K | $818K | $101K | $98K | — | View 990 |
| 2022 | $685K | $656K | $220K | $31K | — | View 990 |
| 2021 | $604K | $556K | $184K | $23K | — | View 990 |
| 2020 | $661K | $571K | $109K | $42K | — | View 990 |
| 2019 | $595K | $641K | $37K | $59K | — | View 990 |
| 2018 | $529K | $510K | $24K | $4K | — | View 990 |
| 2017 | $583K | $578K | $36K | $35K | — | View 990 |
| 2016 | $530K | $526K | $27K | $31K | — | View 990 |
| 2015 | $528K | $563K | $49K | $57K | — | View 990 |
| 2014 | $530K | $522K | $41K | $14K | — | View 990 |
| 2013 | $481K | $476K | $83K | $65K | — | View 990 |
| 2012 | $460K | $478K | $188K | $175K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $632K, expenses of $818K, and assets of $101K (revenue -7.7% year-over-year).
- 2022: Revenue of $685K, expenses of $656K, and assets of $220K (revenue +13.5% year-over-year).
- 2021: Revenue of $604K, expenses of $556K, and assets of $184K (revenue -8.7% year-over-year).
- 2020: Revenue of $661K, expenses of $571K, and assets of $109K (revenue +11.2% year-over-year).
- 2019: Revenue of $595K, expenses of $641K, and assets of $37K (revenue +12.5% year-over-year).
- 2018: Revenue of $529K, expenses of $510K, and assets of $24K (revenue -9.2% year-over-year).
- 2017: Revenue of $583K, expenses of $578K, and assets of $36K (revenue +9.9% year-over-year).
- 2016: Revenue of $530K, expenses of $526K, and assets of $27K (revenue +0.3% year-over-year).
- 2015: Revenue of $528K, expenses of $563K, and assets of $49K (revenue -0.4% year-over-year).
- 2014: Revenue of $530K, expenses of $522K, and assets of $41K (revenue +10.3% year-over-year).
- 2013: Revenue of $481K, expenses of $476K, and assets of $83K (revenue +4.5% year-over-year).
- 2012: Revenue of $460K, expenses of $478K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Five Wings Arts Council:
Data Sources and Methodology
This transparency report for Five Wings Arts Council 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.