Low Key Arts Incorporated
Low Key Arts Incorporated experiences fluctuating revenues and operational deficits in recent years, with no officer compensation reported.
EIN: 204093585 · Hot Springs, AR · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $187K |
| Total Expenses | $194K |
| Program Spending | 80% |
| Net Assets | $103K |
| Transparency Score | 75/100 |
Is Low Key Arts Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Low Key Arts Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Low Key Arts Incorporated
Low Key Arts Incorporated (EIN: 204093585) is a nonprofit organization based in Hot Springs, AR, classified under NTEE code A60. The organization reported total revenue of $187K and total assets of $136K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Low Key Arts Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Low Key Arts Incorporated is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $156K |
| Total Expenses | $194K |
| Surplus / Deficit | $-37,507 |
| Total Assets | $114K |
| Total Liabilities | $11K |
| Net Assets | $103K |
| Operating Margin | -24.0% |
| Debt-to-Asset Ratio | 9.4% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, Low Key Arts Incorporated reported a deficit of $38K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Low Key Arts Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | +15.3% | -21.6% |
| 2022 | -36.7% | +83.5% | -17.9% |
| 2021 | +110.4% | +9.7% | +199.9% |
| 2020 | -24.6% | -35.4% | +33.2% |
| 2019 | -1.0% | -13.5% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Low Key Arts Incorporated with a Mission Score of 75 out of 100 (Good). 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, Low Key Arts Incorporated 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 $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.4%.
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. This suggests a highly volunteer-driven leadership or that compensation is covered through other means not reported as officer compensation, which is a positive sign for resource allocation directly to the mission.
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 Low Key Arts Incorporated's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2018) where expenses exceeded revenue.
- Significant year-over-year fluctuations in revenue, indicating potential reliance on inconsistent funding streams.
Strengths
The following positive indicators were identified for Low Key Arts Incorporated:
- Zero reported officer compensation across all filings, indicating efficient use of funds at the leadership level.
- Consistent asset growth over the past decade, from $43,438 in 2014 to $113,963 in 2023.
- Clear mission alignment with NTEE code A60 (Arts, Culture, and Humanities) and organizational name.
Frequently Asked Questions about Low Key Arts Incorporated
Is Low Key Arts Incorporated a legitimate charity?
Low Key Arts Incorporated (EIN: 204093585) is a registered tax-exempt nonprofit based in Arkansas. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $187K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Low Key Arts Incorporated spend its money?
Low Key Arts Incorporated directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Low Key Arts Incorporated tax-deductible?
Low Key Arts Incorporated is registered as a tax-exempt nonprofit (EIN: 204093585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Low Key Arts Incorporated's spending goes to programs?
Low Key Arts Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Low Key Arts Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Low Key Arts Incorporated is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Low Key Arts Incorporated located?
Low Key Arts Incorporated is headquartered in Hot Springs, Arkansas and files with the IRS under EIN 204093585. It is classified under NTEE code A60.
How many years of IRS 990 filings does Low Key Arts Incorporated have?
Low Key Arts Incorporated 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 $187K in total revenue.
Is Low Key Arts Incorporated financially stable?
While the organization has grown its assets from $43,438 in 2014 to $113,963 in 2023, it has experienced operational deficits in recent years, with expenses exceeding revenue in 2023 ($193,514 vs. $156,007) and 2022 ($167,855 vs. $132,487). This suggests some financial instability in terms of annual operations, despite asset growth.
How does Low Key Arts Incorporated manage its administrative costs?
The organization reports 0% officer compensation, which is a strong indicator of lean administrative overhead at the leadership level. However, without a detailed breakdown of other administrative expenses, it's difficult to fully assess overall administrative efficiency beyond executive pay.
What is the trend in Low Key Arts Incorporated's revenue?
Revenue has fluctuated significantly, from a low of $99,322 in 2017 to a high of $209,340 in 2021, then dropping to $132,487 in 2022 and recovering slightly to $156,007 in 2023. This volatility suggests reliance on variable funding sources.
Filing History
IRS 990 filing history for Low Key Arts Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Low Key Arts Incorporated's revenue has grown by 143.4%, moving from $64K to $156K. Total assets increased by 631% over the same period, from $16K to $114K. Total functional expenses rose by 182.7%, from $68K to $194K. In its most recent filing year (2023), Low Key Arts Incorporated reported a deficit of $38K, with expenses exceeding revenue. The organization holds $11K in liabilities against $114K in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $103K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $156K | $194K | $114K | $11K | — | View 990 |
| 2022 | $132K | $168K | $145K | $5K | — | View 990 |
| 2021 | $209K | $91K | $177K | $1K | — | View 990 |
| 2020 | $99K | $83K | $59K | $810 | — | — |
| 2019 | $132K | $129K | $44K | $2K | — | View 990 |
| 2018 | $133K | $149K | $49K | $9K | — | View 990 |
| 2017 | $99K | $101K | $55K | $0 | — | View 990 |
| 2016 | $128K | $115K | $57K | $447 | — | View 990 |
| 2015 | $111K | $107K | $45K | $819 | — | View 990 |
| 2014 | $108K | $82K | $43K | $3K | — | View 990 |
| 2013 | $73K | $70K | $20K | $7K | — | View 990 |
| 2012 | $76K | $74K | $16K | $4K | — | View 990 |
| 2011 | $64K | $68K | $16K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $156K, expenses of $194K, and assets of $114K (revenue +17.8% year-over-year).
- 2022: Revenue of $132K, expenses of $168K, and assets of $145K (revenue -36.7% year-over-year).
- 2021: Revenue of $209K, expenses of $91K, and assets of $177K (revenue +110.4% year-over-year).
- 2020: Revenue of $99K, expenses of $83K, and assets of $59K (revenue -24.6% year-over-year).
- 2019: Revenue of $132K, expenses of $129K, and assets of $44K (revenue -1.0% year-over-year).
- 2018: Revenue of $133K, expenses of $149K, and assets of $49K (revenue +34.2% year-over-year).
- 2017: Revenue of $99K, expenses of $101K, and assets of $55K (revenue -22.3% year-over-year).
- 2016: Revenue of $128K, expenses of $115K, and assets of $57K (revenue +15.3% year-over-year).
- 2015: Revenue of $111K, expenses of $107K, and assets of $45K (revenue +2.4% year-over-year).
- 2014: Revenue of $108K, expenses of $82K, and assets of $43K (revenue +49.2% year-over-year).
- 2013: Revenue of $73K, expenses of $70K, and assets of $20K (revenue -5.1% year-over-year).
- 2012: Revenue of $76K, expenses of $74K, and assets of $16K (revenue +19.2% year-over-year).
- 2011: Revenue of $64K, expenses of $68K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Low Key Arts Incorporated:
Data Sources and Methodology
This transparency report for Low Key Arts Incorporated 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.