Fundarte Inc
Fundarte Inc consistently operates with balanced budgets and reports no officer compensation.
EIN: 113711377 · Miami Beach, FL · NTEE: A60 · Updated: 2026-03-28
Is Fundarte Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fundarte Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fundarte Inc
Fundarte Inc (EIN: 113711377) is a nonprofit organization based in Miami Beach, FL, classified under NTEE code A60. The organization reported total revenue of $807K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fundarte Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fundarte Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $867K |
| Total Expenses | $867K |
| Surplus / Deficit | +$0 |
| Total Assets | $296K |
| Total Liabilities | $149K |
| Net Assets | $147K |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 50.4% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2024, Fundarte Inc reported a surplus of $0 with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 50.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Fundarte Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.6% | +13.6% | -22.3% |
| 2023 | +12.2% | +12.2% | -19.4% |
| 2022 | +78.1% | +78.1% | -3.2% |
| 2021 | -18.7% | -18.7% | +81.2% |
| 2020 | -17.9% | -17.9% | +60.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Fundarte Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Fundarte Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.4%.
Executive Compensation Analysis
Fundarte Inc consistently reports 0% officer compensation across all 14 available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or externally funded leadership structure.
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 Fundarte Inc's IRS 990 filings:
- No officer compensation reported, which while positive for efficiency, could indicate reliance on volunteer leadership or external funding for executive roles, which might not be sustainable long-term without clear succession planning.
Strengths
The following positive indicators were identified for Fundarte Inc:
- Consistent 0% officer compensation across all filings, maximizing funds for programs.
- Balanced budget operations, with revenues closely matching expenses, indicating efficient financial management.
- Positive revenue growth trend in recent years, from $381,970 in 2021 to $866,661 in 2024.
- Long history of IRS 990 filings (14 filings), demonstrating consistent transparency and compliance.
Frequently Asked Questions about Fundarte Inc
Is Fundarte Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fundarte Inc (EIN: 113711377) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Fundarte Inc spend its money?
Fundarte Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fundarte Inc tax-deductible?
Fundarte Inc is registered as a tax-exempt nonprofit (EIN: 113711377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fundarte Inc a good charity?
Based on the available IRS 990 data, Fundarte Inc appears to be a very good charity. It consistently operates with balanced budgets, shows growth in revenue, and notably reports 0% officer compensation across all filings, indicating a strong commitment to its mission and efficient use of funds.
How does Fundarte Inc manage its administrative costs?
Fundarte Inc demonstrates exceptional efficiency in administrative costs, particularly by reporting 0% officer compensation in all available filings. This suggests that a significant portion of what might typically be administrative overhead (executive salaries) is either volunteer-based or covered by other means, allowing more resources to be directed to programs.
What is the trend in Fundarte Inc's financial growth?
Fundarte Inc has shown a positive trend in financial growth, with revenue increasing from $381,970 in 2021 to $866,661 in 2024. This indicates an expanding capacity and potentially growing support for its mission.
Filing History
IRS 990 filing history for Fundarte Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fundarte Inc's revenue has grown by 210.9%, moving from $279K to $867K. Total assets increased by 506.7% over the same period, from $49K to $296K. Total functional expenses rose by 211.6%, from $278K to $867K. In its most recent filing year (2024), Fundarte Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $149K in liabilities against $296K in assets (debt-to-asset ratio: 50.4%), resulting in net assets of $147K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $867K | $867K | $296K | $149K | — | View 990 |
| 2023 | $763K | $763K | $381K | $234K | — | View 990 |
| 2022 | $680K | $680K | $474K | $326K | — | View 990 |
| 2021 | $382K | $382K | $489K | $369K | — | — |
| 2020 | $470K | $470K | $270K | $180K | — | View 990 |
| 2019 | $573K | $573K | $168K | $78K | — | View 990 |
| 2018 | $500K | $500K | $239K | $149K | — | View 990 |
| 2017 | $499K | $499K | $150K | $60K | — | View 990 |
| 2016 | $500K | $500K | $207K | $117K | — | View 990 |
| 2015 | $472K | $440K | $133K | $131K | — | View 990 |
| 2014 | $514K | $500K | $105K | $53K | — | View 990 |
| 2013 | $438K | $438K | $115K | $78K | — | View 990 |
| 2012 | $375K | $375K | $40K | $2K | — | View 990 |
| 2011 | $279K | $278K | $49K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $867K, expenses of $867K, and assets of $296K (revenue +13.6% year-over-year).
- 2023: Revenue of $763K, expenses of $763K, and assets of $381K (revenue +12.2% year-over-year).
- 2022: Revenue of $680K, expenses of $680K, and assets of $474K (revenue +78.1% year-over-year).
- 2021: Revenue of $382K, expenses of $382K, and assets of $489K (revenue -18.7% year-over-year).
- 2020: Revenue of $470K, expenses of $470K, and assets of $270K (revenue -17.9% year-over-year).
- 2019: Revenue of $573K, expenses of $573K, and assets of $168K (revenue +14.6% year-over-year).
- 2018: Revenue of $500K, expenses of $500K, and assets of $239K (revenue +0.1% year-over-year).
- 2017: Revenue of $499K, expenses of $499K, and assets of $150K (revenue -0.2% year-over-year).
- 2016: Revenue of $500K, expenses of $500K, and assets of $207K (revenue +5.8% year-over-year).
- 2015: Revenue of $472K, expenses of $440K, and assets of $133K (revenue -8.1% year-over-year).
- 2014: Revenue of $514K, expenses of $500K, and assets of $105K (revenue +17.4% year-over-year).
- 2013: Revenue of $438K, expenses of $438K, and assets of $115K (revenue +16.7% year-over-year).
- 2012: Revenue of $375K, expenses of $375K, and assets of $40K (revenue +34.6% year-over-year).
- 2011: Revenue of $279K, expenses of $278K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fundarte Inc:
Data Sources and Methodology
This transparency report for Fundarte 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.