Macrostie Art Center
EIN: 237105948 · Grand Rapids, MN
| Metric | Value |
|---|---|
| Total Revenue | $719K |
| Total Expenses | $458K |
| Net Assets | $680K |
Is Macrostie Art Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Macrostie Art Center
Macrostie Art Center (EIN: 237105948) is a nonprofit organization based in Grand Rapids, MN. The organization reported total revenue of $719K and total assets of $929K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Macrostie Art Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Macrostie Art Center is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $433K |
| Total Expenses | $458K |
| Surplus / Deficit | $-25,271 |
| Total Assets | $695K |
| Total Liabilities | $15K |
| Net Assets | $680K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 18.2 months |
Financial Health Grade: B
In 2023, Macrostie Art Center reported a deficit of $25K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Macrostie Art Center's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.0% | +16.8% | -4.6% |
| 2022 | -16.1% | +22.7% | +8.4% |
| 2021 | +30.3% | -12.0% | -3.1% |
| 2020 | -4.3% | -4.3% | +31.8% |
| 2019 | -10.9% | +6.4% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Macrostie Art Center 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 Macrostie Art Center 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Frequently Asked Questions about Macrostie Art Center
Is Macrostie Art Center a legitimate charity?
Macrostie Art Center (EIN: 237105948) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $719K. No red flags identified. Financial health grade: B.
How does Macrostie Art Center spend its money?
Macrostie Art Center reported $719K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Macrostie Art Center tax-deductible?
Macrostie Art Center is registered as a tax-exempt nonprofit (EIN: 237105948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Macrostie Art Center located?
Macrostie Art Center is headquartered in Grand Rapids, Minnesota and files with the IRS under EIN 237105948.
How many years of IRS 990 filings does Macrostie Art Center have?
Macrostie Art Center 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 $719K in total revenue.
Filing History
IRS 990 filing history for Macrostie Art Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Macrostie Art Center's revenue has grown by 161.5%, moving from $166K to $433K. Total assets increased by 79.1% over the same period, from $388K to $695K. Total functional expenses rose by 141.4%, from $190K to $458K. In its most recent filing year (2023), Macrostie Art Center reported a deficit of $25K, with expenses exceeding revenue. The organization holds $15K in liabilities against $695K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $680K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $433K | $458K | $695K | $15K | — | View 990 |
| 2022 | $390K | $392K | $728K | $20K | — | View 990 |
| 2021 | $465K | $320K | $672K | $23K | — | View 990 |
| 2020 | $357K | $363K | $693K | $171K | — | — |
| 2019 | $373K | $380K | $526K | $39K | — | View 990 |
| 2018 | $418K | $357K | $542K | $76K | — | View 990 |
| 2017 | $326K | $327K | $471K | $67K | — | View 990 |
| 2016 | $296K | $297K | $423K | $18K | — | View 990 |
| 2015 | $335K | $319K | $447K | $41K | — | View 990 |
| 2014 | $245K | $245K | $431K | $40K | — | View 990 |
| 2013 | $226K | $222K | $396K | $6K | — | View 990 |
| 2012 | $236K | $223K | $417K | $32K | — | View 990 |
| 2011 | $166K | $190K | $388K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $433K, expenses of $458K, and assets of $695K (revenue +11.0% year-over-year).
- 2022: Revenue of $390K, expenses of $392K, and assets of $728K (revenue -16.1% year-over-year).
- 2021: Revenue of $465K, expenses of $320K, and assets of $672K (revenue +30.3% year-over-year).
- 2020: Revenue of $357K, expenses of $363K, and assets of $693K (revenue -4.3% year-over-year).
- 2019: Revenue of $373K, expenses of $380K, and assets of $526K (revenue -10.9% year-over-year).
- 2018: Revenue of $418K, expenses of $357K, and assets of $542K (revenue +28.5% year-over-year).
- 2017: Revenue of $326K, expenses of $327K, and assets of $471K (revenue +10.0% year-over-year).
- 2016: Revenue of $296K, expenses of $297K, and assets of $423K (revenue -11.5% year-over-year).
- 2015: Revenue of $335K, expenses of $319K, and assets of $447K (revenue +36.3% year-over-year).
- 2014: Revenue of $245K, expenses of $245K, and assets of $431K (revenue +8.5% year-over-year).
- 2013: Revenue of $226K, expenses of $222K, and assets of $396K (revenue -4.0% year-over-year).
- 2012: Revenue of $236K, expenses of $223K, and assets of $417K (revenue +42.2% year-over-year).
- 2011: Revenue of $166K, expenses of $190K, and assets of $388K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Macrostie Art Center:
Data Sources and Methodology
This transparency report for Macrostie Art Center 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.