Kent Art Association Inc
EIN: 66057902 · Kent, CT · NTEE: A26Z
Is Kent Art Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kent Art Association Inc
Kent Art Association Inc (EIN: 66057902) is a nonprofit organization based in Kent, CT, classified under NTEE code A26Z. The organization reported total revenue of $105K and total assets of $572K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kent Art Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kent Art Association Inc is a small nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $68K |
| Surplus / Deficit | $-18,849 |
| Total Assets | $572K |
| Total Liabilities | $1K |
| Net Assets | $571K |
| Operating Margin | -38.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 100.3 months |
Financial Health Grade: B
In 2023, Kent Art Association Inc reported a deficit of $19K with expenses exceeding revenue, holds 100.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kent Art Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +1.8% | -3.3% |
| 2022 | -26.1% | +42.0% | -2.6% |
| 2021 | +106.7% | +21.6% | +3.8% |
| 2020 | -74.9% | -47.5% | -1.0% |
| 2019 | +137.3% | -10.2% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1956 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kent Art Association 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 Kent Art Association 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Kent Art Association Inc
Is Kent Art Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kent Art Association Inc (EIN: 66057902) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kent Art Association Inc spend its money?
Detailed spending breakdown data is not yet available for Kent Art Association Inc. Check back for updated IRS 990 analysis.
Are donations to Kent Art Association Inc tax-deductible?
Kent Art Association Inc is registered as a tax-exempt nonprofit (EIN: 66057902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Kent Art Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kent Art Association Inc's revenue has grown by 60.8%, moving from $31K to $50K. Total assets increased by 56.9% over the same period, from $365K to $572K. Total functional expenses rose by 42.3%, from $48K to $68K. In its most recent filing year (2023), Kent Art Association Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $1K in liabilities against $572K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $571K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $68K | $572K | $1K | — | — |
| 2022 | $51K | $67K | $592K | $2K | — | View 990 |
| 2021 | $69K | $47K | $608K | $1K | — | View 990 |
| 2020 | $33K | $39K | $586K | $675 | — | — |
| 2019 | $132K | $74K | $592K | $863 | — | View 990 |
| 2018 | $56K | $83K | $534K | $926 | — | View 990 |
| 2017 | $180K | $66K | $566K | $877 | — | View 990 |
| 2016 | $137K | $61K | $452K | $292 | — | View 990 |
| 2015 | $60K | $59K | $376K | $539 | — | View 990 |
| 2014 | $67K | $47K | $375K | $0 | — | View 990 |
| 2013 | $30K | $49K | $355K | $0 | — | View 990 |
| 2012 | $56K | $48K | $374K | $0 | — | View 990 |
| 2011 | $31K | $48K | $365K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $68K, and assets of $572K (revenue -2.1% year-over-year).
- 2022: Revenue of $51K, expenses of $67K, and assets of $592K (revenue -26.1% year-over-year).
- 2021: Revenue of $69K, expenses of $47K, and assets of $608K (revenue +106.7% year-over-year).
- 2020: Revenue of $33K, expenses of $39K, and assets of $586K (revenue -74.9% year-over-year).
- 2019: Revenue of $132K, expenses of $74K, and assets of $592K (revenue +137.3% year-over-year).
- 2018: Revenue of $56K, expenses of $83K, and assets of $534K (revenue -69.0% year-over-year).
- 2017: Revenue of $180K, expenses of $66K, and assets of $566K (revenue +30.7% year-over-year).
- 2016: Revenue of $137K, expenses of $61K, and assets of $452K (revenue +129.9% year-over-year).
- 2015: Revenue of $60K, expenses of $59K, and assets of $376K (revenue -10.8% year-over-year).
- 2014: Revenue of $67K, expenses of $47K, and assets of $375K (revenue +120.8% year-over-year).
- 2013: Revenue of $30K, expenses of $49K, and assets of $355K (revenue -46.3% year-over-year).
- 2012: Revenue of $56K, expenses of $48K, and assets of $374K (revenue +83.1% year-over-year).
- 2011: Revenue of $31K, expenses of $48K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kent Art Association Inc:
Data Sources and Methodology
This transparency report for Kent Art Association 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.