Modern Artlife Foundation
EIN: 611865805 · Montvale, NJ · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.7M |
| Net Assets | $876K |
Is Modern Artlife Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Modern Artlife Foundation
Modern Artlife Foundation (EIN: 611865805) is a nonprofit organization based in Montvale, NJ, classified under NTEE code A25. The organization reported total revenue of $3.0M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Modern Artlife Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Modern Artlife Foundation is a mid-size nonprofit that has been operating for 6 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 13.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-154,304 |
| Total Assets | $876K |
| Total Liabilities | $1 |
| Net Assets | $876K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Modern Artlife Foundation reported a deficit of $154K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Modern Artlife Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.2% | -22.1% | -15.0% |
| 2022 | +154.8% | +62.1% | +224.6% |
| 2021 | +1.3% | -36.5% | -37.9% |
| 2020 | -61.8% | +9.7% | -65.5% |
| 2019 | +260.7% | +417.3% | +234.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Modern Artlife Foundation 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 Modern Artlife Foundation 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 $154K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Modern Artlife Foundation
Is Modern Artlife Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Modern Artlife Foundation (EIN: 611865805) insufficient data. 0 red flags identified, 0 strengths noted.
How does Modern Artlife Foundation spend its money?
Detailed spending breakdown data is not yet available for Modern Artlife Foundation. Check back for updated IRS 990 analysis.
Are donations to Modern Artlife Foundation tax-deductible?
Modern Artlife Foundation is registered as a tax-exempt nonprofit (EIN: 611865805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Modern Artlife Foundation located?
Modern Artlife Foundation is headquartered in Montvale, New Jersey and files with the IRS under EIN 611865805. It is classified under NTEE code A25.
How many years of IRS 990 filings does Modern Artlife Foundation have?
Modern Artlife Foundation 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 $3.0M in total revenue.
Filing History
IRS 990 filing history for Modern Artlife Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Modern Artlife Foundation's revenue has grown by 87.6%, moving from $814K to $1.5M. Total assets increased by 97.2% over the same period, from $444K to $876K. Total functional expenses rose by 354.8%, from $369K to $1.7M. In its most recent filing year (2023), Modern Artlife Foundation reported a deficit of $154K, with expenses exceeding revenue. The organization holds $1 in liabilities against $876K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $876K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.7M | $876K | $1 | — | — |
| 2022 | $2.9M | $2.2M | $1.0M | $633 | — | View 990 |
| 2021 | $1.1M | $1.3M | $318K | $22K | — | View 990 |
| 2020 | $1.1M | $2.1M | $512K | $21K | — | — |
| 2019 | $2.9M | $1.9M | $1.5M | $16K | — | View 990 |
| 2018 | $814K | $369K | $444K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $876K (revenue -47.2% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.2M, and assets of $1.0M (revenue +154.8% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.3M, and assets of $318K (revenue +1.3% year-over-year).
- 2020: Revenue of $1.1M, expenses of $2.1M, and assets of $512K (revenue -61.8% year-over-year).
- 2019: Revenue of $2.9M, expenses of $1.9M, and assets of $1.5M (revenue +260.7% year-over-year).
- 2018: Revenue of $814K, expenses of $369K, and assets of $444K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Modern Artlife Foundation:
Data Sources and Methodology
This transparency report for Modern Artlife Foundation 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.