Harding Fine Arts Academy Inc
Harding Fine Arts Academy Inc. shows consistent revenue growth and no reported officer compensation.
EIN: 200011370 · Oklahoma City, OK · NTEE: B25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4,279,170 |
| Net Assets | $388K |
| Transparency Score | 85/100 |
Is Harding Fine Arts Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harding Fine Arts Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harding Fine Arts Academy Inc
Harding Fine Arts Academy Inc (EIN: 200011370) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code B25. The organization reported total revenue of $4.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harding Fine Arts Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harding Fine Arts Academy Inc is a mid-size nonprofit that has been operating for 6 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 44.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$252K |
| Total Assets | $831K |
| Total Liabilities | $443K |
| Net Assets | $388K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 53.3% |
| Months of Reserves | 2.5 months |
Financial Health Grade: B
In 2023, Harding Fine Arts Academy Inc reported a surplus of $252K with revenue exceeding expenses, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 53.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Harding Fine Arts Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 44.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.9% | +36.4% | +45.3% |
| 2022 | +14.4% | +16.8% | -13.7% |
| 2021 | -13.1% | -12.4% | -13.7% |
| 2020 | -1.5% | +8.3% | -13.3% |
| 2019 | +10.7% | +10.4% | +37.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
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 Harding Fine Arts Academy Inc with a Mission Score of 85 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, Harding Fine Arts Academy 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 $252K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.3%.
Executive Compensation Analysis
Harding Fine Arts Academy Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue ($4,279,170 in 202306). This suggests a volunteer-led executive structure or that compensation is reported under other expense categories, warranting further investigation.
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 Harding Fine Arts Academy Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported elsewhere or a fully volunteer executive team, warranting deeper scrutiny.
Strengths
The following positive indicators were identified for Harding Fine Arts Academy Inc:
- Consistent revenue growth, from $2,728,180 in 202206 to $4,279,170 in 202306, indicating strong financial health.
- Positive net income in the latest filing period ($4,279,170 revenue vs. $4,027,031 expenses), demonstrating effective financial management.
- Consistent filing of IRS 990s over 14 periods, indicating a commitment to transparency and compliance.
- No reported officer compensation, suggesting a high proportion of funds are directed towards programmatic activities.
Frequently Asked Questions about Harding Fine Arts Academy Inc
Is Harding Fine Arts Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Harding Fine Arts Academy Inc (EIN: 200011370) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Harding Fine Arts Academy Inc spend its money?
Harding Fine Arts Academy Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harding Fine Arts Academy Inc tax-deductible?
Harding Fine Arts Academy Inc is registered as a tax-exempt nonprofit (EIN: 200011370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harding Fine Arts Academy Inc CEO make?
Harding Fine Arts Academy Inc's highest-compensated officer earns $4,279,170 annually. The organization reported $4.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harding Fine Arts Academy Inc's spending goes to programs?
Harding Fine Arts Academy Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harding Fine Arts Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Harding Fine Arts Academy Inc is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harding Fine Arts Academy Inc located?
Harding Fine Arts Academy Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 200011370. It is classified under NTEE code B25.
How many years of IRS 990 filings does Harding Fine Arts Academy Inc have?
Harding Fine Arts Academy Inc has 14 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 $4.3M in total revenue.
Is Harding Fine Arts Academy Inc. financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $2,384,882 in 202106 to $4,279,170 in 202306, and revenues exceeding expenses in the most recent period.
How does Harding Fine Arts Academy Inc. manage executive compensation?
The organization consistently reports 0% officer compensation across all 14 filings, suggesting a volunteer-led executive team or that executive compensation is categorized differently within their expenses.
Has the organization been growing?
Yes, Harding Fine Arts Academy Inc. has shown significant growth, with revenue increasing from $2,786,414 in 201906 to $4,279,170 in 202306, and assets growing from $885,289 to $831,170 over a similar period (with a dip in 202206).
Filing History
IRS 990 filing history for Harding Fine Arts Academy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Harding Fine Arts Academy Inc's revenue has grown by 7852.4%, moving from $54K to $4.3M. Total assets increased by 13459.1% over the same period, from $6K to $831K. Total functional expenses rose by 11617.4%, from $34K to $4.0M. In its most recent filing year (2023), Harding Fine Arts Academy Inc reported a surplus of $252K, with revenue exceeding expenses. The organization holds $443K in liabilities against $831K in assets (debt-to-asset ratio: 53.3%), resulting in net assets of $388K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.0M | $831K | $443K | — | View 990 |
| 2022 | $2.7M | $3.0M | $572K | $436K | — | View 990 |
| 2021 | $2.4M | $2.5M | $662K | $317K | — | View 990 |
| 2020 | $2.7M | $2.9M | $767K | $285K | — | View 990 |
| 2019 | $2.8M | $2.7M | $885K | $269K | — | View 990 |
| 2018 | $2.5M | $2.4M | $646K | $133K | — | View 990 |
| 2017 | $2.5M | $2.2M | $540K | $103K | — | View 990 |
| 2016 | $0 | $0 | $0 | $0 | — | View 990 |
| 2015 | $148K | $101K | $131K | $0 | — | View 990 |
| 2015 | $1.4M | $1.3M | $296K | $61K | — | View 990 |
| 2014 | $69K | $84K | $13K | $0 | — | View 990 |
| 2013 | $123K | $113K | $27K | $0 | — | View 990 |
| 2012 | $38K | $26K | $18K | $0 | — | View 990 |
| 2011 | $54K | $34K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.0M, and assets of $831K (revenue +56.9% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.0M, and assets of $572K (revenue +14.4% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.5M, and assets of $662K (revenue -13.1% year-over-year).
- 2020: Revenue of $2.7M, expenses of $2.9M, and assets of $767K (revenue -1.5% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.7M, and assets of $885K (revenue +10.7% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.4M, and assets of $646K (revenue +1.5% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.2M, and assets of $540K.
- 2016: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2015: Revenue of $148K, expenses of $101K, and assets of $131K (revenue -89.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $296K (revenue +1861.5% year-over-year).
- 2014: Revenue of $69K, expenses of $84K, and assets of $13K (revenue -43.7% year-over-year).
- 2013: Revenue of $123K, expenses of $113K, and assets of $27K (revenue +224.2% year-over-year).
- 2012: Revenue of $38K, expenses of $26K, and assets of $18K (revenue -29.8% year-over-year).
- 2011: Revenue of $54K, expenses of $34K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harding Fine Arts Academy Inc:
Data Sources and Methodology
This transparency report for Harding Fine Arts Academy 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.