Locate Arts Tn
EIN: 621783187 · Knoxville, TN · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $338K |
| Total Expenses | $365K |
| Net Assets | $108K |
Is Locate Arts Tn Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Locate Arts Tn
Locate Arts Tn (EIN: 621783187) is a nonprofit organization based in Knoxville, TN, classified under NTEE code S20. The organization reported total revenue of $338K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Locate Arts Tn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Locate Arts Tn is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 27.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $439K |
| Total Expenses | $365K |
| Surplus / Deficit | +$75K |
| Total Assets | $118K |
| Total Liabilities | $10K |
| Net Assets | $108K |
| Operating Margin | 17.0% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, Locate Arts Tn reported a surplus of $75K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), Locate Arts Tn's revenue has grown at a compound annual growth rate (CAGR) of 27.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | +13.9% | +129.0% |
| 2022 | +42.2% | +17.4% | +90.2% |
| 2021 | +52.8% | +56.5% | +194.2% |
| 2020 | +43.4% | +49.0% | +5.7% |
| 2019 | +69.1% | +74.4% | +30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Locate Arts Tn 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 Locate Arts Tn 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 surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Locate Arts Tn
Is Locate Arts Tn a legitimate charity?
Locate Arts Tn (EIN: 621783187) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $338K. No red flags identified. Financial health grade: A.
How does Locate Arts Tn spend its money?
Locate Arts Tn reported $338K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Locate Arts Tn tax-deductible?
Locate Arts Tn is registered as a tax-exempt nonprofit (EIN: 621783187). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Locate Arts Tn located?
Locate Arts Tn is headquartered in Knoxville, Tennessee and files with the IRS under EIN 621783187. It is classified under NTEE code S20.
How many years of IRS 990 filings does Locate Arts Tn have?
Locate Arts Tn has 10 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 $338K in total revenue.
Filing History
IRS 990 filing history for Locate Arts Tn showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Locate Arts Tn's revenue has grown by 1384.6%, moving from $30K to $439K. Total assets increased by 856.5% over the same period, from $12K to $118K. Total functional expenses rose by 1351.6%, from $25K to $365K. In its most recent filing year (2023), Locate Arts Tn reported a surplus of $75K, with revenue exceeding expenses. The organization holds $10K in liabilities against $118K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $108K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $439K | $365K | $118K | $10K | — | View 990 |
| 2022 | $371K | $320K | $51K | $13K | — | View 990 |
| 2021 | $261K | $273K | $27K | $39K | — | View 990 |
| 2020 | $171K | $174K | $9K | $9K | — | View 990 |
| 2019 | $119K | $117K | $9K | $0 | — | View 990 |
| 2018 | $70K | $67K | $7K | $0 | — | View 990 |
| 2015 | $76K | $54K | $27K | $0 | — | View 990 |
| 2014 | $22K | $24K | $6K | $9 | — | View 990 |
| 2013 | $17K | $21K | $8K | $79 | — | View 990 |
| 2012 | $30K | $25K | $12K | $203 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $439K, expenses of $365K, and assets of $118K (revenue +18.5% year-over-year).
- 2022: Revenue of $371K, expenses of $320K, and assets of $51K (revenue +42.2% year-over-year).
- 2021: Revenue of $261K, expenses of $273K, and assets of $27K (revenue +52.8% year-over-year).
- 2020: Revenue of $171K, expenses of $174K, and assets of $9K (revenue +43.4% year-over-year).
- 2019: Revenue of $119K, expenses of $117K, and assets of $9K (revenue +69.1% year-over-year).
- 2018: Revenue of $70K, expenses of $67K, and assets of $7K (revenue -7.3% year-over-year).
- 2015: Revenue of $76K, expenses of $54K, and assets of $27K (revenue +251.2% year-over-year).
- 2014: Revenue of $22K, expenses of $24K, and assets of $6K (revenue +24.2% year-over-year).
- 2013: Revenue of $17K, expenses of $21K, and assets of $8K (revenue -41.2% year-over-year).
- 2012: Revenue of $30K, expenses of $25K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Locate Arts Tn:
Data Sources and Methodology
This transparency report for Locate Arts Tn 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.