Friends Of The Performing Arts Center Inc
Friends Of The Performing Arts Center Inc shows consistent revenue growth and strong asset accumulation with no liabilities.
EIN: 201803405 · Middleton, WI · NTEE: A112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $111K |
| Program Spending | 90% |
| Net Assets | $144K |
| Transparency Score | 92/100 |
Is Friends Of The Performing Arts Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The Performing Arts Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The Performing Arts Center Inc
Friends Of The Performing Arts Center Inc (EIN: 201803405) is a nonprofit organization based in Middleton, WI, classified under NTEE code A112. The organization reported total revenue of $114K and total assets of $149K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The Performing Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The Performing Arts Center Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $111K |
| Surplus / Deficit | +$18K |
| Total Assets | $144K |
| Net Assets | $144K |
| Operating Margin | 14.2% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Friends Of The Performing Arts Center Inc reported a surplus of $18K with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The Performing Arts Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.9% | +78.2% | +14.7% |
| 2022 | +177.5% | +1912.4% | +23.0% |
| 2021 | +178.7% | -83.2% | +37.4% |
| 2020 | -88.3% | -75.1% | -19.2% |
| 2019 | +3.3% | -6.2% | +29.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Friends Of The Performing Arts Center Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of The Performing Arts Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $18K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size.
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.
Strengths
The following positive indicators were identified for Friends Of The Performing Arts Center Inc:
- Consistent revenue growth, from $11,122 in 2020 to $129,820 in 2023.
- Strong asset accumulation, reaching $144,456 in 2023 from $28,774 in 2014.
- Zero reported liabilities across all 13 filings, indicating excellent financial management.
- 0% officer compensation, suggesting a highly efficient, volunteer-led operation.
- Positive net income in most years, contributing to asset growth and sustainability.
Frequently Asked Questions about Friends Of The Performing Arts Center Inc
Is Friends Of The Performing Arts Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The Performing Arts Center Inc (EIN: 201803405) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Friends Of The Performing Arts Center Inc spend its money?
Friends Of The Performing Arts Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The Performing Arts Center Inc tax-deductible?
Friends Of The Performing Arts Center Inc is registered as a tax-exempt nonprofit (EIN: 201803405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of The Performing Arts Center Inc's spending goes to programs?
Friends Of The Performing Arts Center Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of The Performing Arts Center Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Friends Of The Performing Arts Center Inc is above average for NTEE category A112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The Performing Arts Center Inc located?
Friends Of The Performing Arts Center Inc is headquartered in Middleton, Wisconsin and files with the IRS under EIN 201803405. It is classified under NTEE code A112.
How many years of IRS 990 filings does Friends Of The Performing Arts Center Inc have?
Friends Of The Performing Arts Center 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 $114K in total revenue.
Is Friends Of The Performing Arts Center Inc a good charity?
Based on the provided data, Friends Of The Performing Arts Center Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, increasing assets, and no liabilities. The 0% officer compensation is a significant positive, indicating efficient use of funds.
How has the organization's revenue trended over time?
The organization's revenue has shown a strong upward trend, particularly in recent years. It grew from $11,122 in 2020 to $86,026 in 2022 and further to $129,820 in 2023, indicating growing support and activity.
What is the organization's asset-to-liability ratio?
The organization consistently reports $0 in liabilities across all filings, while assets have grown to $144,456 in 2023. This results in an exceptionally strong, effectively infinite, asset-to-liability ratio, indicating excellent financial stability.
Filing History
IRS 990 filing history for Friends Of The Performing Arts Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The Performing Arts Center Inc's revenue has grown by 258.3%, moving from $36K to $130K. Total assets increased by 2242% over the same period, from $6K to $144K. Total functional expenses rose by 117.6%, from $51K to $111K. In its most recent filing year (2023), Friends Of The Performing Arts Center Inc reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $111K | $144K | $0 | — | View 990 |
| 2022 | $86K | $62K | $126K | $0 | — | View 990 |
| 2021 | $31K | $3K | $102K | $0 | — | — |
| 2020 | $11K | $18K | $75K | $0 | — | — |
| 2019 | $95K | $74K | $92K | $0 | — | View 990 |
| 2018 | $92K | $79K | $71K | $0 | — | View 990 |
| 2017 | $76K | $68K | $59K | $0 | — | View 990 |
| 2016 | $90K | $76K | $51K | $0 | — | View 990 |
| 2015 | $80K | $72K | $37K | $0 | — | View 990 |
| 2014 | $77K | $79K | $29K | $0 | — | View 990 |
| 2013 | $61K | $42K | $32K | $0 | — | View 990 |
| 2012 | $57K | $51K | $12K | $0 | — | View 990 |
| 2011 | $36K | $51K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $111K, and assets of $144K (revenue +50.9% year-over-year).
- 2022: Revenue of $86K, expenses of $62K, and assets of $126K (revenue +177.5% year-over-year).
- 2021: Revenue of $31K, expenses of $3K, and assets of $102K (revenue +178.7% year-over-year).
- 2020: Revenue of $11K, expenses of $18K, and assets of $75K (revenue -88.3% year-over-year).
- 2019: Revenue of $95K, expenses of $74K, and assets of $92K (revenue +3.3% year-over-year).
- 2018: Revenue of $92K, expenses of $79K, and assets of $71K (revenue +21.8% year-over-year).
- 2017: Revenue of $76K, expenses of $68K, and assets of $59K (revenue -16.0% year-over-year).
- 2016: Revenue of $90K, expenses of $76K, and assets of $51K (revenue +12.7% year-over-year).
- 2015: Revenue of $80K, expenses of $72K, and assets of $37K (revenue +4.1% year-over-year).
- 2014: Revenue of $77K, expenses of $79K, and assets of $29K (revenue +25.8% year-over-year).
- 2013: Revenue of $61K, expenses of $42K, and assets of $32K (revenue +7.0% year-over-year).
- 2012: Revenue of $57K, expenses of $51K, and assets of $12K (revenue +57.3% year-over-year).
- 2011: Revenue of $36K, expenses of $51K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The Performing Arts Center Inc:
Data Sources and Methodology
This transparency report for Friends Of The Performing Arts Center 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.