Markeim Art Center Inc
Markeim Art Center Inc shows recent revenue growth and no reported executive compensation, operating with modest assets.
EIN: 210732590 · Haddonfield, NJ · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $269K |
| Total Expenses | $157K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $268,553. |
| Net Assets | $40K |
| Transparency Score | 85/100 |
Is Markeim Art Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Markeim Art Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Markeim Art Center Inc
Markeim Art Center Inc (EIN: 210732590) is a nonprofit organization based in Haddonfield, NJ, classified under NTEE code A20. The organization reported total revenue of $269K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Markeim Art Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Markeim Art Center Inc is a small nonprofit that has been operating for 5 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $174K |
| Total Expenses | $157K |
| Surplus / Deficit | +$17K |
| Total Assets | $41K |
| Total Liabilities | $2K |
| Net Assets | $40K |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Markeim Art Center Inc reported a surplus of $17K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Markeim Art Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.1% | -8.8% | +79.0% |
| 2022 | +55.4% | +82.6% | -59.1% |
| 2021 | +59.4% | +123.0% | -8.0% |
| 2020 | -78.5% | -83.8% | +87.7% |
| 2015 | +68.5% | +70.8% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
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 Markeim Art Center 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Markeim Art Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Markeim Art Center Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This suggests a volunteer-led model, which is highly efficient for an organization of its size with latest revenue of $268,553.
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 Markeim Art Center Inc's IRS 990 filings:
- Low operating reserves relative to annual expenses (less than 3 months in 2023)
- Significant historical revenue volatility, indicating potential fundraising challenges
Strengths
The following positive indicators were identified for Markeim Art Center Inc:
- Consistent 0% officer compensation, maximizing program spending
- Low liabilities across most filing periods, indicating good debt management
- Consistent IRS 990 filing history, demonstrating transparency
- Recent positive trend in revenue and asset growth (2022-2023)
Frequently Asked Questions about Markeim Art Center Inc
Is Markeim Art Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Markeim Art Center Inc (EIN: 210732590) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Markeim Art Center Inc spend its money?
Markeim Art Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Markeim Art Center Inc tax-deductible?
Markeim Art Center Inc is registered as a tax-exempt nonprofit (EIN: 210732590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Markeim Art Center Inc CEO make?
Markeim Art Center Inc's highest-compensated officer earns $268,553. annually. The organization reported $269K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Markeim Art Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Markeim Art Center Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Markeim Art Center Inc located?
Markeim Art Center Inc is headquartered in Haddonfield, New Jersey and files with the IRS under EIN 210732590. It is classified under NTEE code A20.
How many years of IRS 990 filings does Markeim Art Center Inc have?
Markeim Art Center Inc has 9 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 $269K in total revenue.
How does Markeim Art Center Inc sustain its operations without executive compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies heavily on volunteer leadership and staff, or that any paid positions are not classified as 'officer compensation' in the 990 filings, which is less likely given the consistency. This model allows a greater proportion of funds to be directed towards programs.
What caused the significant revenue fluctuation between 2015 ($261,054) and 2020 ($56,040)?
The provided data does not specify the reasons for these fluctuations. Potential causes could include changes in grant funding, economic downturns affecting donations, or variations in program offerings and attendance, especially during the COVID-19 pandemic in 2020.
Is the organization's asset base sufficient for its long-term stability?
With assets of $41,292 in 2023 against expenses of $157,053, the organization has less than three months of operating reserves. While assets have grown recently, a larger reserve would provide greater financial stability and resilience against future revenue fluctuations.
Filing History
IRS 990 filing history for Markeim Art Center Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Markeim Art Center Inc's revenue has grown by 50.6%, moving from $115K to $174K. Total assets increased by 126.1% over the same period, from $18K to $41K. Total functional expenses rose by 40.5%, from $112K to $157K. In its most recent filing year (2023), Markeim Art Center Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $2K in liabilities against $41K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $157K | $41K | $2K | — | View 990 |
| 2022 | $139K | $172K | $23K | $0 | — | — |
| 2021 | $89K | $94K | $56K | $0 | — | View 990 |
| 2020 | $56K | $42K | $61K | $48K | — | — |
| 2015 | $261K | $260K | $33K | $0 | — | View 990 |
| 2014 | $155K | $152K | $32K | $0 | — | View 990 |
| 2013 | $97K | $83K | $29K | $0 | — | View 990 |
| 2012 | $101K | $100K | $21K | $6K | — | View 990 |
| 2011 | $115K | $112K | $18K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $157K, and assets of $41K (revenue +25.1% year-over-year).
- 2022: Revenue of $139K, expenses of $172K, and assets of $23K (revenue +55.4% year-over-year).
- 2021: Revenue of $89K, expenses of $94K, and assets of $56K (revenue +59.4% year-over-year).
- 2020: Revenue of $56K, expenses of $42K, and assets of $61K (revenue -78.5% year-over-year).
- 2015: Revenue of $261K, expenses of $260K, and assets of $33K (revenue +68.5% year-over-year).
- 2014: Revenue of $155K, expenses of $152K, and assets of $32K (revenue +59.7% year-over-year).
- 2013: Revenue of $97K, expenses of $83K, and assets of $29K (revenue -4.0% year-over-year).
- 2012: Revenue of $101K, expenses of $100K, and assets of $21K (revenue -12.4% year-over-year).
- 2011: Revenue of $115K, expenses of $112K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Markeim Art Center Inc:
Data Sources and Methodology
This transparency report for Markeim Art Center 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.