Lehman College Center For The Performing Arts Inc
Lehman College Center For The Performing Arts Inc maintains stable assets and no reported officer compensation amidst fluctuating revenues.
EIN: 133047056 · Bronx, NY · NTEE: A610 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Lehman College Center For The Performing Arts Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lehman College Center For The Performing Arts Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lehman College Center For The Performing Arts Inc
Lehman College Center For The Performing Arts Inc (EIN: 133047056) is a nonprofit organization based in Bronx, NY, classified under NTEE code A610. The organization reported total revenue of $2.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lehman College Center For The Performing Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lehman College Center For The Performing Arts Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-197,778 |
| Total Assets | $1.4M |
| Total Liabilities | $137K |
| Net Assets | $1.3M |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Lehman College Center For The Performing Arts Inc reported a deficit of $198K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lehman College Center For The Performing Arts Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.3% | -11.1% | -15.4% |
| 2022 | +948.8% | +581.5% | +32.7% |
| 2021 | -83.5% | -79.2% | -2.1% |
| 2020 | -18.0% | -19.0% | +20.1% |
| 2019 | -1.6% | -8.7% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1981 |
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 Lehman College Center For The Performing Arts 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lehman College Center For The Performing 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $198K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for resource allocation and public trust.
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.
Strengths
The following positive indicators were identified for Lehman College Center For The Performing Arts Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Healthy asset-to-liability ratio, demonstrating strong financial solvency (e.g., 2023 assets $1,407,773 vs. liabilities $137,419).
- Resilience in revenue generation, showing strong recovery after a significant dip in 2021.
- Consistent IRS 990 filing history, indicating good transparency practices.
- Stable asset base over the past decade, suggesting sound financial management.
Frequently Asked Questions about Lehman College Center For The Performing Arts Inc
Is Lehman College Center For The Performing Arts Inc a legitimate charity?
Lehman College Center For The Performing Arts Inc (EIN: 133047056) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Lehman College Center For The Performing Arts Inc spend its money?
Lehman College Center For The Performing Arts Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lehman College Center For The Performing Arts Inc tax-deductible?
Lehman College Center For The Performing Arts Inc is registered as a tax-exempt nonprofit (EIN: 133047056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lehman College Center For The Performing Arts Inc's spending goes to programs?
Lehman College Center For The Performing Arts Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lehman College Center For The Performing Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lehman College Center For The Performing Arts Inc is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lehman College Center For The Performing Arts Inc located?
Lehman College Center For The Performing Arts Inc is headquartered in Bronx, New York and files with the IRS under EIN 133047056. It is classified under NTEE code A610.
How many years of IRS 990 filings does Lehman College Center For The Performing Arts Inc have?
Lehman College Center For The Performing 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 $2.6M in total revenue.
Is Lehman College Center For The Performing Arts Inc financially stable?
Yes, the organization appears financially stable. While revenues and expenses fluctuate, its assets consistently exceed liabilities (e.g., $1,407,773 in assets vs. $137,419 in liabilities in 2023), indicating strong solvency.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, meaning no salaries or benefits are paid to its officers.
How did the organization fare during the pandemic?
The organization experienced a significant drop in revenue to $308,699 in 2021, likely due to the pandemic, but demonstrated strong recovery with revenue rebounding to $3,237,558 in 2022.
Filing History
IRS 990 filing history for Lehman College Center For The Performing Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lehman College Center For The Performing Arts Inc's revenue has declined by 7.4%, moving from $2.3M to $2.1M. Total assets increased by 10.7% over the same period, from $1.3M to $1.4M. Total functional expenses rose by 0%, from $2.3M to $2.3M. In its most recent filing year (2023), Lehman College Center For The Performing Arts Inc reported a deficit of $198K, with expenses exceeding revenue. The organization holds $137K in liabilities against $1.4M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $1.4M | $137K | — | View 990 |
| 2022 | $3.2M | $2.6M | $1.7M | $196K | — | View 990 |
| 2021 | $309K | $378K | $1.3M | $445K | — | View 990 |
| 2020 | $1.9M | $1.8M | $1.3M | $402K | — | View 990 |
| 2019 | $2.3M | $2.2M | $1.1M | $192K | — | View 990 |
| 2018 | $2.3M | $2.5M | $974K | $143K | — | View 990 |
| 2017 | $2.2M | $2.2M | $1.1M | $176K | — | View 990 |
| 2016 | $1.9M | $1.9M | $1.2M | $202K | — | View 990 |
| 2015 | $1.6M | $1.7M | $1.1M | $153K | — | View 990 |
| 2014 | $2.4M | $2.1M | $1.2M | $153K | — | View 990 |
| 2013 | $1.9M | $2.1M | $906K | $144K | — | View 990 |
| 2012 | $2.4M | $2.4M | $1.2M | $205K | — | View 990 |
| 2011 | $2.3M | $2.3M | $1.3M | $220K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $1.4M (revenue -35.3% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.6M, and assets of $1.7M (revenue +948.8% year-over-year).
- 2021: Revenue of $309K, expenses of $378K, and assets of $1.3M (revenue -83.5% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $1.3M (revenue -18.0% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.2M, and assets of $1.1M (revenue -1.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.5M, and assets of $974K (revenue +6.1% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $1.1M (revenue +15.4% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $1.2M (revenue +16.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $1.1M (revenue -32.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.1M, and assets of $1.2M (revenue +29.7% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.1M, and assets of $906K (revenue -21.6% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $1.2M (revenue +5.4% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.3M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lehman College Center For The Performing Arts Inc:
Data Sources and Methodology
This transparency report for Lehman College Center For The Performing 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.