Harrison Center For The Arts Inc
Harrison Center For The Arts Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 10798626 · Indianapolis, IN · NTEE: X192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $4.9M |
| Transparency Score | 90/100 |
Is Harrison Center For The Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harrison Center For The Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harrison Center For The Arts Inc
Harrison Center For The Arts Inc (EIN: 10798626) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code X192. The organization reported total revenue of $2.2M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrison Center For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harrison Center For The Arts Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $7.0M |
| Total Liabilities | $2.0M |
| Net Assets | $4.9M |
| Operating Margin | 40.4% |
| Debt-to-Asset Ratio | 29.2% |
| Months of Reserves | 53.5 months |
Financial Health Grade: A
In 2023, Harrison Center For The Arts Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 53.5 months of operating reserves (strong position), has a debt-to-asset ratio of 29.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harrison Center For The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +88.7% | +16.2% | +16.4% |
| 2022 | -0.6% | +3.5% | +53.4% |
| 2021 | +26.1% | +14.1% | -0.2% |
| 2020 | -48.6% | -2.4% | -4.1% |
| 2019 | -28.5% | +20.9% | +43.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2003 |
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 Harrison Center For The Arts Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Harrison Center For The Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.2%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization of its size, with recent revenues exceeding $2 million, and suggests either a volunteer leadership model or compensation being covered by other means not reported as officer compensation on the 990.
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 Harrison Center For The Arts Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Harrison Center For The Arts Inc:
- Consistent reporting of 0% officer compensation, indicating high transparency in this area.
- Strong revenue growth, with revenue increasing from $1,391,216 in 202212 to $2,625,692 in 202312.
- Significant asset accumulation, growing from $5,993,343 in 202212 to $6,974,410 in 202312.
- Positive net income in most recent periods, such as a surplus of over $1 million in 202312 ($2,625,692 revenue vs. $1,564,900 expenses).
Frequently Asked Questions about Harrison Center For The Arts Inc
Is Harrison Center For The Arts Inc a legitimate charity?
Harrison Center For The Arts Inc (EIN: 10798626) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Harrison Center For The Arts Inc spend its money?
Harrison Center For The Arts Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harrison Center For The Arts Inc tax-deductible?
Harrison Center For The Arts Inc is registered as a tax-exempt nonprofit (EIN: 10798626). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harrison Center For The Arts Inc CEO make?
Harrison Center For The Arts Inc's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harrison Center For The Arts Inc's spending goes to programs?
Harrison Center For The Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harrison Center For The Arts Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Harrison Center For The Arts Inc is above average for NTEE category X192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harrison Center For The Arts Inc located?
Harrison Center For The Arts Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 10798626. It is classified under NTEE code X192.
How many years of IRS 990 filings does Harrison Center For The Arts Inc have?
Harrison Center For The Arts 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 $2.2M in total revenue.
Is Harrison Center For The Arts Inc a good charity?
Based on its financial data, the Harrison Center For The Arts Inc appears to be a well-managed organization with strong financial health, significant program focus (implied by 0% officer compensation), and high transparency regarding executive pay. Its consistent revenue growth and asset accumulation are positive indicators.
How does Harrison Center For The Arts Inc manage its executive compensation?
The organization consistently reports 0% officer compensation across all 13 available filings. This suggests that officers are either volunteers or compensated through mechanisms not classified as officer compensation on the IRS 990 form.
What is the trend in the organization's financial growth?
The organization has shown significant growth, with revenue increasing from $1,110,683 in 202012 to $2,625,692 in 202312. Assets have also grown substantially, from $3,913,348 in 202012 to $6,974,410 in 202312.
Filing History
IRS 990 filing history for Harrison Center For The Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harrison Center For The Arts Inc's revenue has grown by 244.4%, moving from $762K to $2.6M. Total assets increased by 912.8% over the same period, from $689K to $7.0M. Total functional expenses rose by 187.5%, from $544K to $1.6M. In its most recent filing year (2023), Harrison Center For The Arts Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $7.0M in assets (debt-to-asset ratio: 29.2%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $1.6M | $7.0M | $2.0M | — | — |
| 2022 | $1.4M | $1.3M | $6.0M | $2.1M | — | View 990 |
| 2021 | $1.4M | $1.3M | $3.9M | $73K | — | View 990 |
| 2020 | $1.1M | $1.1M | $3.9M | $179K | — | View 990 |
| 2019 | $2.2M | $1.2M | $4.1M | $316K | — | View 990 |
| 2018 | $3.0M | $966K | $2.8M | $72K | — | View 990 |
| 2017 | $857K | $927K | $763K | $51K | — | View 990 |
| 2016 | $808K | $741K | $836K | $55K | — | View 990 |
| 2015 | $631K | $693K | $759K | $46K | — | View 990 |
| 2014 | $735K | $725K | $805K | $30K | — | View 990 |
| 2013 | $722K | $688K | $779K | $15K | — | View 990 |
| 2012 | $643K | $581K | $746K | $16K | — | View 990 |
| 2011 | $762K | $544K | $689K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $1.6M, and assets of $7.0M (revenue +88.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $6.0M (revenue -0.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $3.9M (revenue +26.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $3.9M (revenue -48.6% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.2M, and assets of $4.1M (revenue -28.5% year-over-year).
- 2018: Revenue of $3.0M, expenses of $966K, and assets of $2.8M (revenue +252.7% year-over-year).
- 2017: Revenue of $857K, expenses of $927K, and assets of $763K (revenue +6.1% year-over-year).
- 2016: Revenue of $808K, expenses of $741K, and assets of $836K (revenue +28.1% year-over-year).
- 2015: Revenue of $631K, expenses of $693K, and assets of $759K (revenue -14.1% year-over-year).
- 2014: Revenue of $735K, expenses of $725K, and assets of $805K (revenue +1.8% year-over-year).
- 2013: Revenue of $722K, expenses of $688K, and assets of $779K (revenue +12.3% year-over-year).
- 2012: Revenue of $643K, expenses of $581K, and assets of $746K (revenue -15.7% year-over-year).
- 2011: Revenue of $762K, expenses of $544K, and assets of $689K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harrison Center For The Arts Inc:
Data Sources and Methodology
This transparency report for Harrison Center For The 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.