Gems At The Arts Arts Enrichment Community Inc
Gems At The Arts shows consistent program focus but faces recent operating deficits and increasing liabilities.
EIN: 201332310 · Framingham, MA · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $358K |
| Total Expenses | $398K |
| Program Spending | 80% |
| Net Assets | $-88,053 |
| Transparency Score | 75/100 |
Is Gems At The Arts Arts Enrichment Community Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gems At The Arts Arts Enrichment Community Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gems At The Arts Arts Enrichment Community Inc
Gems At The Arts Arts Enrichment Community Inc (EIN: 201332310) is a nonprofit organization based in Framingham, MA, classified under NTEE code A60. The organization reported total revenue of $358K and total assets of $235K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gems At The Arts Arts Enrichment Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gems At The Arts Arts Enrichment Community Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $247K |
| Total Expenses | $398K |
| Surplus / Deficit | $-151,705 |
| Total Assets | $493K |
| Total Liabilities | $581K |
| Net Assets | $-88,053 |
| Operating Margin | -61.5% |
| Debt-to-Asset Ratio | 117.8% |
| Months of Reserves | 14.9 months |
Financial Health Grade: C
In 2023, Gems At The Arts Arts Enrichment Community Inc reported a deficit of $152K with expenses exceeding revenue, holds 14.9 months of operating reserves (strong position), has a debt-to-asset ratio of 117.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gems At The Arts Arts Enrichment Community Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.9% | +49.7% | -24.0% |
| 2022 | -17.3% | +30.2% | +190.7% |
| 2021 | +8.4% | -11.1% | +11.0% |
| 2020 | -20.0% | -26.5% | +1.0% |
| 2019 | -17.5% | -4.0% | -15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Gems At The Arts Arts Enrichment Community Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gems At The Arts Arts Enrichment Community Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $152K, with expenses exceeding revenue.
- Debt-to-asset ratio: 117.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer classifications, which is highly favorable for donor perception and suggests a strong commitment to mission over personal gain.
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 Gems At The Arts Arts Enrichment Community Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $398,430 vs. revenue $246,725)
- Significant increase in liabilities, exceeding assets in the latest filing ($581,430 liabilities vs. $493,377 assets in 2023)
- Revenue fluctuations without clear corresponding expense adjustments, leading to financial instability.
Strengths
The following positive indicators were identified for Gems At The Arts Arts Enrichment Community Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship regarding executive pay.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Maintained a substantial asset base for many years, providing some financial cushion despite recent challenges (e.g., $234,906 latest assets).
Frequently Asked Questions about Gems At The Arts Arts Enrichment Community Inc
Is Gems At The Arts Arts Enrichment Community Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gems At The Arts Arts Enrichment Community Inc (EIN: 201332310) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Gems At The Arts Arts Enrichment Community Inc spend its money?
Gems At The Arts Arts Enrichment Community Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gems At The Arts Arts Enrichment Community Inc tax-deductible?
Gems At The Arts Arts Enrichment Community Inc is registered as a tax-exempt nonprofit (EIN: 201332310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gems At The Arts Arts Enrichment Community Inc's spending goes to programs?
Gems At The Arts Arts Enrichment Community Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gems At The Arts Arts Enrichment Community Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Gems At The Arts Arts Enrichment Community Inc is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gems At The Arts Arts Enrichment Community Inc located?
Gems At The Arts Arts Enrichment Community Inc is headquartered in Framingham, Massachusetts and files with the IRS under EIN 201332310. It is classified under NTEE code A60.
How many years of IRS 990 filings does Gems At The Arts Arts Enrichment Community Inc have?
Gems At The Arts Arts Enrichment Community 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 $358K in total revenue.
Is Gems At The Arts a good charity?
Gems At The Arts demonstrates a strong commitment to its mission with 0% reported officer compensation and consistent program delivery. However, recent operating deficits (e.g., $398,430 expenses vs. $246,725 revenue in 2023) and increasing liabilities (e.g., $581,430 in 2023) suggest financial challenges that could impact long-term sustainability. Donors should consider these factors.
Why are liabilities increasing?
The organization's liabilities have significantly increased, reaching $581,430 in 2023, up from $94,166 in 2021. This trend, especially when exceeding assets, could indicate reliance on debt or deferred obligations to cover operational costs, particularly given the recent operating deficits.
How does the organization fund its operations given the deficits?
Despite recent operating deficits, the organization has maintained operations. This could be due to drawing down on prior reserves, incurring debt (as suggested by increasing liabilities), or receiving restricted funds that are not immediately recognized as revenue for operational expenses. For example, in 2023, expenses exceeded revenue by over $150,000.
Filing History
IRS 990 filing history for Gems At The Arts Arts Enrichment Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gems At The Arts Arts Enrichment Community Inc's revenue has declined by 17.2%, moving from $298K to $247K. Total assets increased by 58.8% over the same period, from $311K to $493K. Total functional expenses rose by 34%, from $297K to $398K. In its most recent filing year (2023), Gems At The Arts Arts Enrichment Community Inc reported a deficit of $152K, with expenses exceeding revenue. The organization holds $581K in liabilities against $493K in assets (debt-to-asset ratio: 117.8%), resulting in net assets of $-88,053.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $247K | $398K | $493K | $581K | — | View 990 |
| 2022 | $201K | $266K | $649K | $585K | — | View 990 |
| 2021 | $243K | $204K | $223K | $94K | — | View 990 |
| 2020 | $224K | $230K | $201K | $110K | — | View 990 |
| 2019 | $280K | $313K | $199K | $103K | — | View 990 |
| 2018 | $340K | $326K | $235K | $106K | — | View 990 |
| 2017 | $265K | $294K | $228K | $114K | — | View 990 |
| 2016 | $240K | $313K | $268K | $124K | — | View 990 |
| 2015 | $290K | $313K | $353K | $135K | — | View 990 |
| 2014 | $248K | $296K | $349K | $91K | — | View 990 |
| 2013 | $264K | $309K | $410K | $104K | — | View 990 |
| 2012 | $421K | $291K | $449K | $98K | — | View 990 |
| 2011 | $298K | $297K | $311K | $90K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $247K, expenses of $398K, and assets of $493K (revenue +22.9% year-over-year).
- 2022: Revenue of $201K, expenses of $266K, and assets of $649K (revenue -17.3% year-over-year).
- 2021: Revenue of $243K, expenses of $204K, and assets of $223K (revenue +8.4% year-over-year).
- 2020: Revenue of $224K, expenses of $230K, and assets of $201K (revenue -20.0% year-over-year).
- 2019: Revenue of $280K, expenses of $313K, and assets of $199K (revenue -17.5% year-over-year).
- 2018: Revenue of $340K, expenses of $326K, and assets of $235K (revenue +28.0% year-over-year).
- 2017: Revenue of $265K, expenses of $294K, and assets of $228K (revenue +10.6% year-over-year).
- 2016: Revenue of $240K, expenses of $313K, and assets of $268K (revenue -17.3% year-over-year).
- 2015: Revenue of $290K, expenses of $313K, and assets of $353K (revenue +17.0% year-over-year).
- 2014: Revenue of $248K, expenses of $296K, and assets of $349K (revenue -6.1% year-over-year).
- 2013: Revenue of $264K, expenses of $309K, and assets of $410K (revenue -37.3% year-over-year).
- 2012: Revenue of $421K, expenses of $291K, and assets of $449K (revenue +41.3% year-over-year).
- 2011: Revenue of $298K, expenses of $297K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gems At The Arts Arts Enrichment Community Inc:
Data Sources and Methodology
This transparency report for Gems At The Arts Arts Enrichment Community 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.