Midlands Arts Conservatory
EIN: 812516984 · Columbia, SC · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Net Assets | $290K |
Is Midlands Arts Conservatory Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midlands Arts Conservatory
Midlands Arts Conservatory (EIN: 812516984) is a nonprofit organization based in Columbia, SC, classified under NTEE code B29. The organization reported total revenue of $2.2M and total assets of $419K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midlands Arts Conservatory's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midlands Arts Conservatory is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2017–2022). Revenue has grown at a compound annual rate of 139.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$133K |
| Total Assets | $419K |
| Total Liabilities | $129K |
| Net Assets | $290K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 30.8% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2022, Midlands Arts Conservatory reported a surplus of $133K with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 30.8% (moderate leverage).
Financial Trends
Over 6 years of filings (2017–2022), Midlands Arts Conservatory's revenue has grown at a compound annual growth rate (CAGR) of 139.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +35.2% | +28.8% | +47.9% |
| 2021 | +13.9% | +27.9% | -26.8% |
| 2020 | +32.5% | +15.7% | +54.0% |
| 2019 | +3608.8% | +1971.0% | +3844.1% |
| 2018 | +3.7% | +85.5% | -57.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midlands Arts Conservatory 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 Midlands Arts Conservatory 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $133K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.8%.
Frequently Asked Questions about Midlands Arts Conservatory
Is Midlands Arts Conservatory a legitimate charity?
Midlands Arts Conservatory (EIN: 812516984) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: A.
How does Midlands Arts Conservatory spend its money?
Midlands Arts Conservatory reported $2.2M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Midlands Arts Conservatory tax-deductible?
Midlands Arts Conservatory is registered as a tax-exempt nonprofit (EIN: 812516984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midlands Arts Conservatory located?
Midlands Arts Conservatory is headquartered in Columbia, South Carolina and files with the IRS under EIN 812516984. It is classified under NTEE code B29.
How many years of IRS 990 filings does Midlands Arts Conservatory have?
Midlands Arts Conservatory has 6 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Midlands Arts Conservatory showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2022), Midlands Arts Conservatory's revenue has grown by 7740.1%, moving from $28K to $2.2M. Total assets increased by 2729.2% over the same period, from $15K to $419K. Total functional expenses rose by 7227.1%, from $29K to $2.1M. In its most recent filing year (2022), Midlands Arts Conservatory reported a surplus of $133K, with revenue exceeding expenses. The organization holds $129K in liabilities against $419K in assets (debt-to-asset ratio: 30.8%), resulting in net assets of $290K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.2M | $2.1M | $419K | $129K | — | View 990 |
| 2021 | $1.6M | $1.6M | $284K | $126K | — | — |
| 2020 | $1.4M | $1.3M | $387K | $252K | — | View 990 |
| 2019 | $1.1M | $1.1M | $252K | $292K | — | View 990 |
| 2018 | $29K | $53K | $6K | $40K | — | View 990 |
| 2017 | $28K | $29K | $15K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $419K (revenue +35.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $284K (revenue +13.9% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $387K (revenue +32.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $252K (revenue +3608.8% year-over-year).
- 2018: Revenue of $29K, expenses of $53K, and assets of $6K (revenue +3.7% year-over-year).
- 2017: Revenue of $28K, expenses of $29K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midlands Arts Conservatory:
Data Sources and Methodology
This transparency report for Midlands Arts Conservatory 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.