Free Arts For Abused Children Of New York City Inc
Free Arts For Abused Children Of New York City Inc shows strong asset growth and no reported officer compensation, despite a recent deficit.
EIN: 133958495 · New York, NY · NTEE: I72 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.0M |
| Transparency Score | 90/100 |
Is Free Arts For Abused Children Of New York City Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Free Arts For Abused Children Of New York City Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Free Arts For Abused Children Of New York City Inc
Free Arts For Abused Children Of New York City Inc (EIN: 133958495) is a nonprofit organization based in New York, NY, classified under NTEE code I72. The organization reported total revenue of $5.6M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Free Arts For Abused Children Of New York City Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Free Arts For Abused Children Of New York City Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-486,441 |
| Total Assets | $3.0M |
| Total Liabilities | $1.1M |
| Net Assets | $2.0M |
| Operating Margin | -24.0% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 14.4 months |
Financial Health Grade: B
In 2023, Free Arts For Abused Children Of New York City Inc reported a deficit of $486K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Free Arts For Abused Children Of New York City Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.7% | +20.0% | +21.4% |
| 2022 | +39.9% | +15.3% | +57.9% |
| 2021 | -4.0% | -5.9% | +12.3% |
| 2020 | +7.1% | +2.3% | +57.9% |
| 2019 | +7.4% | +0.6% | +36.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Free Arts For Abused Children Of New York City Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Free Arts For Abused Children Of New York City Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $486K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with annual revenues often exceeding $2 million. This suggests either a volunteer-led executive team or that compensation is categorized differently, warranting further investigation for complete transparency.
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 Free Arts For Abused Children Of New York City Inc's IRS 990 filings:
- Significant increase in liabilities in 2023 ($1,053,481 from $82,113 in 2022)
- Deficit in 2023 (expenses $2,511,428 vs. revenue $2,024,987)
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure true administrative costs.
Strengths
The following positive indicators were identified for Free Arts For Abused Children Of New York City Inc:
- Strong asset growth over the past five years, from $885,246 in 2019 to $3,007,970 in 2023.
- Consistent revenue generation, generally exceeding $2 million annually.
- No reported officer compensation, suggesting a high proportion of funds directed to mission.
- Consistent filing of IRS Form 990s, indicating good transparency.
Frequently Asked Questions about Free Arts For Abused Children Of New York City Inc
Is Free Arts For Abused Children Of New York City Inc a legitimate charity?
Free Arts For Abused Children Of New York City Inc (EIN: 133958495) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.6M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Free Arts For Abused Children Of New York City Inc spend its money?
Free Arts For Abused Children Of New York City Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Free Arts For Abused Children Of New York City Inc tax-deductible?
Free Arts For Abused Children Of New York City Inc is registered as a tax-exempt nonprofit (EIN: 133958495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Free Arts For Abused Children Of New York City Inc CEO make?
Free Arts For Abused Children Of New York City Inc's highest-compensated officer earns $2 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Free Arts For Abused Children Of New York City Inc's spending goes to programs?
Free Arts For Abused Children Of New York City Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Free Arts For Abused Children Of New York City Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Free Arts For Abused Children Of New York City Inc is above average for NTEE category I72 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Free Arts For Abused Children Of New York City Inc located?
Free Arts For Abused Children Of New York City Inc is headquartered in New York, New York and files with the IRS under EIN 133958495. It is classified under NTEE code I72.
How many years of IRS 990 filings does Free Arts For Abused Children Of New York City Inc have?
Free Arts For Abused Children Of New York City Inc has 13 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 $5.6M in total revenue.
What caused the significant increase in liabilities to over $1 million in 2023?
The IRS 990 data shows liabilities jumped from $82,113 in 2022 to $1,053,481 in 2023. Understanding the nature of these liabilities (e.g., program-related debt, capital expenditures) is crucial for assessing future financial risk.
How does the organization sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with multi-million dollar revenues. It suggests either a fully volunteer executive leadership or that executive salaries are reported under different expense categories, which could impact the perceived efficiency.
What led to the deficit in 2023, where expenses exceeded revenue by nearly $500,000?
In 2023, expenses were $2,511,428 while revenue was $2,024,987. Identifying the specific drivers of this deficit, whether increased program costs, one-time expenditures, or a dip in fundraising, is important for understanding financial stability.
Filing History
IRS 990 filing history for Free Arts For Abused Children Of New York City Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Free Arts For Abused Children Of New York City Inc's revenue has grown by 13.7%, moving from $1.8M to $2.0M. Total assets increased by 237.3% over the same period, from $892K to $3.0M. Total functional expenses rose by 38.6%, from $1.8M to $2.5M. In its most recent filing year (2023), Free Arts For Abused Children Of New York City Inc reported a deficit of $486K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $3.0M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.5M | $3.0M | $1.1M | — | View 990 |
| 2022 | $3.1M | $2.1M | $2.5M | $82K | — | View 990 |
| 2021 | $2.2M | $1.8M | $1.6M | $16K | — | View 990 |
| 2020 | $2.3M | $1.9M | $1.4M | $251K | — | — |
| 2019 | $2.2M | $1.9M | $885K | $143K | — | View 990 |
| 2018 | $2.0M | $1.9M | $648K | $179K | — | View 990 |
| 2017 | $1.9M | $1.8M | $617K | $276K | — | — |
| 2016 | $1.8M | $2.1M | $451K | $231K | — | View 990 |
| 2015 | $2.3M | $2.4M | $766K | $293K | — | View 990 |
| 2014 | $2.5M | $2.3M | $840K | $301K | — | View 990 |
| 2013 | $2.3M | $2.3M | $764K | $276K | — | View 990 |
| 2012 | $1.9M | $2.1M | $768K | $261K | — | View 990 |
| 2011 | $1.8M | $1.8M | $892K | $220K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.5M, and assets of $3.0M (revenue -34.7% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.1M, and assets of $2.5M (revenue +39.9% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.8M, and assets of $1.6M (revenue -4.0% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.9M, and assets of $1.4M (revenue +7.1% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.9M, and assets of $885K (revenue +7.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.9M, and assets of $648K (revenue +5.6% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $617K (revenue +3.5% year-over-year).
- 2016: Revenue of $1.8M, expenses of $2.1M, and assets of $451K (revenue -20.5% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.4M, and assets of $766K (revenue -9.1% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.3M, and assets of $840K (revenue +10.9% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $764K (revenue +17.8% year-over-year).
- 2012: Revenue of $1.9M, expenses of $2.1M, and assets of $768K (revenue +9.3% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $892K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Free Arts For Abused Children Of New York City Inc:
Data Sources and Methodology
This transparency report for Free Arts For Abused Children Of New York City 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.