Greenville Institute Of The Arts
EIN: 824954661 · Greenville, SC · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $52K |
| Net Assets | $-21,911 |
Is Greenville Institute Of The Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greenville Institute Of The Arts
Greenville Institute Of The Arts (EIN: 824954661) is a nonprofit organization based in Greenville, SC, classified under NTEE code A25. The organization reported total revenue of $51K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenville Institute Of The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenville Institute Of The Arts is a micro nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $52K |
| Surplus / Deficit | $-1,436 |
| Total Assets | $7K |
| Total Liabilities | $29K |
| Net Assets | $-21,911 |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 419.9% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2022, Greenville Institute Of The Arts reported a deficit of $1K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 419.9% (high leverage).
Financial Trends
Over 4 years of filings (2019–2022), Greenville Institute Of The Arts's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -3.2% | -20.9% | +49.6% |
| 2021 | -26.6% | -20.7% | +0.0% |
| 2020 | +40.1% | +80.1% | -36.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greenville Institute Of The Arts 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 Greenville Institute Of The Arts 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 419.9%.
Frequently Asked Questions about Greenville Institute Of The Arts
Is Greenville Institute Of The Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenville Institute Of The Arts (EIN: 824954661) insufficient data. 0 red flags identified, 0 strengths noted.
How does Greenville Institute Of The Arts spend its money?
Detailed spending breakdown data is not yet available for Greenville Institute Of The Arts. Check back for updated IRS 990 analysis.
Are donations to Greenville Institute Of The Arts tax-deductible?
Greenville Institute Of The Arts is registered as a tax-exempt nonprofit (EIN: 824954661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greenville Institute Of The Arts located?
Greenville Institute Of The Arts is headquartered in Greenville, South Carolina and files with the IRS under EIN 824954661. It is classified under NTEE code A25.
How many years of IRS 990 filings does Greenville Institute Of The Arts have?
Greenville Institute Of The Arts has 4 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 $51K in total revenue.
Filing History
IRS 990 filing history for Greenville Institute Of The Arts showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Greenville Institute Of The Arts's revenue has declined by 0.5%, moving from $51K to $51K. Total assets decreased by 5.1% over the same period, from $7K to $7K. Total functional expenses rose by 13.1%, from $46K to $52K. In its most recent filing year (2022), Greenville Institute Of The Arts reported a deficit of $1K, with expenses exceeding revenue. The organization holds $29K in liabilities against $7K in assets (debt-to-asset ratio: 419.9%), resulting in net assets of $-21,911.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $51K | $52K | $7K | $29K | — | View 990 |
| 2021 | $52K | $66K | $5K | $25K | — | View 990 |
| 2020 | $71K | $83K | $5K | $12K | — | — |
| 2019 | $51K | $46K | $7K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $51K, expenses of $52K, and assets of $7K (revenue -3.2% year-over-year).
- 2021: Revenue of $52K, expenses of $66K, and assets of $5K (revenue -26.6% year-over-year).
- 2020: Revenue of $71K, expenses of $83K, and assets of $5K (revenue +40.1% year-over-year).
- 2019: Revenue of $51K, expenses of $46K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenville Institute Of The Arts:
Data Sources and Methodology
This transparency report for Greenville Institute Of The Arts 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.