Hellenic International Studies In The Arts Inc
Hellenic International Studies In The Arts Inc faces significant financial decline with shrinking revenue and assets.
EIN: 203392417 · Parkton, MD · NTEE: B40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $141K |
| Total Expenses | $112K |
| Program Spending | 80% |
| Net Assets | $406 |
| Transparency Score | 45/100 |
Is Hellenic International Studies In The Arts Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hellenic International Studies In The Arts Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hellenic International Studies In The Arts Inc
Hellenic International Studies In The Arts Inc (EIN: 203392417) is a nonprofit organization based in Parkton, MD, classified under NTEE code B40. The organization reported total revenue of $141K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hellenic International Studies In The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hellenic International Studies In The Arts Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $112K |
| Surplus / Deficit | $-5,660 |
| Total Assets | $406 |
| Net Assets | $406 |
| Operating Margin | -5.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, Hellenic International Studies In The Arts Inc reported a deficit of $6K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 12 years of filings (2011–2022), Hellenic International Studies In The Arts Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -8.8% | +1.3% | -93.3% |
| 2021 | -17.7% | -29.7% | -92.6% |
| 2020 | -55.5% | -54.9% | -16.0% |
| 2019 | -4.0% | +6.9% | -23.7% |
| 2018 | +14.9% | -1.5% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Hellenic International Studies In The Arts Inc with a Mission Score of 45 out of 100 (Fair). 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, Hellenic International Studies In The Arts 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly efficient in terms of executive pay relative to its size.
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 Hellenic International Studies In The Arts Inc's IRS 990 filings:
- Significant and consistent decline in revenue from $425,497 in 2015 to $106,699 in 2022.
- Drastic reduction in assets from $166,324 in 2016 to $406 in 2022, indicating minimal financial reserves.
- Frequent operational deficits where expenses exceed revenue (e.g., 2022, 2020, 2019, 2017).
- Very low current asset base ($406 in 2022) suggests high financial vulnerability.
Strengths
The following positive indicators were identified for Hellenic International Studies In The Arts Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Generally low or zero reported liabilities across most filing periods, suggesting responsible debt management.
Frequently Asked Questions about Hellenic International Studies In The Arts Inc
Is Hellenic International Studies In The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hellenic International Studies In The Arts Inc (EIN: 203392417) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Hellenic International Studies In The Arts Inc spend its money?
Hellenic International Studies In The Arts Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hellenic International Studies In The Arts Inc tax-deductible?
Hellenic International Studies In The Arts Inc is registered as a tax-exempt nonprofit (EIN: 203392417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hellenic International Studies In The Arts Inc's spending goes to programs?
Hellenic International Studies In The Arts Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hellenic International Studies In The Arts Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Hellenic International Studies In The Arts Inc is near average for NTEE category B40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hellenic International Studies In The Arts Inc located?
Hellenic International Studies In The Arts Inc is headquartered in Parkton, Maryland and files with the IRS under EIN 203392417. It is classified under NTEE code B40.
How many years of IRS 990 filings does Hellenic International Studies In The Arts Inc have?
Hellenic International Studies In The Arts Inc has 12 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 $141K in total revenue.
Is Hellenic International Studies In The Arts Inc financially stable?
Based on the declining revenue from $425,497 in 2015 to $106,699 in 2022 and a drastic reduction in assets from $166,324 in 2016 to $406 in 2022, the organization's financial stability appears to be significantly challenged.
What caused the substantial decrease in assets?
The filings show a consistent trend of expenses exceeding revenue in several recent years (e.g., 2022, 2020, 2019, 2017), which would deplete reserves and lead to a reduction in assets. Without more detailed financial statements, the specific causes for the asset decline cannot be fully determined.
How does the organization fund its operations with declining revenue?
The organization has frequently operated at a deficit, meaning expenses have exceeded revenue. This suggests it has been drawing down on prior reserves, which are now critically low, or relying on unpredictable funding sources to cover shortfalls.
Filing History
IRS 990 filing history for Hellenic International Studies In The Arts Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Hellenic International Studies In The Arts Inc's revenue has declined by 75%, moving from $426K to $107K. Total assets decreased by 99.7% over the same period, from $151K to $406. Total functional expenses fell by 75.6%, from $460K to $112K. In its most recent filing year (2022), Hellenic International Studies In The Arts Inc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $107K | $112K | $406 | $0 | — | View 990 |
| 2021 | $117K | $111K | $6K | $0 | — | View 990 |
| 2020 | $142K | $158K | $83K | $0 | — | — |
| 2019 | $320K | $350K | $98K | $0 | — | View 990 |
| 2018 | $333K | $328K | $129K | $0 | — | View 990 |
| 2017 | $290K | $333K | $124K | $0 | — | View 990 |
| 2016 | $292K | $283K | $166K | $0 | — | View 990 |
| 2015 | $425K | $388K | $157K | $1 | — | View 990 |
| 2014 | $410K | $414K | $120K | $1 | — | View 990 |
| 2013 | $253K | $253K | $124K | $0 | — | View 990 |
| 2012 | $275K | $276K | $125K | $0 | — | View 990 |
| 2011 | $426K | $460K | $151K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $107K, expenses of $112K, and assets of $406 (revenue -8.8% year-over-year).
- 2021: Revenue of $117K, expenses of $111K, and assets of $6K (revenue -17.7% year-over-year).
- 2020: Revenue of $142K, expenses of $158K, and assets of $83K (revenue -55.5% year-over-year).
- 2019: Revenue of $320K, expenses of $350K, and assets of $98K (revenue -4.0% year-over-year).
- 2018: Revenue of $333K, expenses of $328K, and assets of $129K (revenue +14.9% year-over-year).
- 2017: Revenue of $290K, expenses of $333K, and assets of $124K (revenue -0.6% year-over-year).
- 2016: Revenue of $292K, expenses of $283K, and assets of $166K (revenue -31.4% year-over-year).
- 2015: Revenue of $425K, expenses of $388K, and assets of $157K (revenue +3.8% year-over-year).
- 2014: Revenue of $410K, expenses of $414K, and assets of $120K (revenue +62.2% year-over-year).
- 2013: Revenue of $253K, expenses of $253K, and assets of $124K (revenue -8.1% year-over-year).
- 2012: Revenue of $275K, expenses of $276K, and assets of $125K (revenue -35.5% year-over-year).
- 2011: Revenue of $426K, expenses of $460K, and assets of $151K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hellenic International Studies In The Arts Inc:
Data Sources and Methodology
This transparency report for Hellenic International Studies In 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.