Great Lakes Experimental Arts Inc
EIN: 264684038 · Okemos, MI · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $410K |
| Total Expenses | $323K |
| Net Assets | $273K |
Is Great Lakes Experimental Arts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Great Lakes Experimental Arts Inc
Great Lakes Experimental Arts Inc (EIN: 264684038) is a nonprofit organization based in Okemos, MI, classified under NTEE code A20. The organization reported total revenue of $410K and total assets of $335K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Lakes Experimental Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Lakes Experimental Arts Inc is a small nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 131.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $323K |
| Surplus / Deficit | +$71K |
| Total Assets | $273K |
| Total Liabilities | $1 |
| Net Assets | $273K |
| Operating Margin | 17.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Great Lakes Experimental Arts Inc reported a surplus of $71K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Great Lakes Experimental Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 131.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | +15.2% | +25.4% |
| 2022 | +350.3% | +1173.4% | +44.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Great Lakes Experimental Arts Inc 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 Great Lakes Experimental Arts Inc 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 surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Great Lakes Experimental Arts Inc
Is Great Lakes Experimental Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Lakes Experimental Arts Inc (EIN: 264684038) insufficient data. 0 red flags identified, 0 strengths noted.
How does Great Lakes Experimental Arts Inc spend its money?
Detailed spending breakdown data is not yet available for Great Lakes Experimental Arts Inc. Check back for updated IRS 990 analysis.
Are donations to Great Lakes Experimental Arts Inc tax-deductible?
Great Lakes Experimental Arts Inc is registered as a tax-exempt nonprofit (EIN: 264684038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Great Lakes Experimental Arts Inc located?
Great Lakes Experimental Arts Inc is headquartered in Okemos, Michigan and files with the IRS under EIN 264684038. It is classified under NTEE code A20.
How many years of IRS 990 filings does Great Lakes Experimental Arts Inc have?
Great Lakes Experimental Arts Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $410K in total revenue.
Filing History
IRS 990 filing history for Great Lakes Experimental Arts Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Great Lakes Experimental Arts Inc's revenue has grown by 434.3%, moving from $74K to $394K. Total assets increased by 81% over the same period, from $151K to $273K. Total functional expenses rose by 1366.7%, from $22K to $323K. In its most recent filing year (2023), Great Lakes Experimental Arts Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $1 in liabilities against $273K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $273K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $323K | $273K | $1 | — | View 990 |
| 2022 | $332K | $281K | $218K | $15K | — | View 990 |
| 2021 | $74K | $22K | $151K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $323K, and assets of $273K (revenue +18.7% year-over-year).
- 2022: Revenue of $332K, expenses of $281K, and assets of $218K (revenue +350.3% year-over-year).
- 2021: Revenue of $74K, expenses of $22K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Lakes Experimental Arts Inc:
Data Sources and Methodology
This transparency report for Great Lakes Experimental Arts 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.