Patrons Of The Arts In The Vatican Museums Minnesota
EIN: 412012739 · Minneapolis, MN · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $217K |
| Net Assets | $40K |
Is Patrons Of The Arts In The Vatican Museums Minnesota Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Patrons Of The Arts In The Vatican Museums Minnesota
Patrons Of The Arts In The Vatican Museums Minnesota (EIN: 412012739) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A80. The organization reported total revenue of $158K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patrons Of The Arts In The Vatican Museums Minnesota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patrons Of The Arts In The Vatican Museums Minnesota is a small nonprofit that has been operating for 25 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $212K |
| Total Expenses | $217K |
| Surplus / Deficit | $-5,382 |
| Total Assets | $214K |
| Total Liabilities | $174K |
| Net Assets | $40K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 81.1% |
| Months of Reserves | 11.9 months |
Financial Health Grade: C
In 2023, Patrons Of The Arts In The Vatican Museums Minnesota reported a deficit of $5K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 81.1% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Patrons Of The Arts In The Vatican Museums Minnesota's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +182.1% | +194.5% | +147.6% |
| 2022 | -30.4% | +5.3% | +1.6% |
| 2021 | -47.8% | -66.1% | -58.1% |
| 2020 | +269.9% | -14.9% | +325.7% |
| 2019 | -68.8% | +443.9% | -80.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Patrons Of The Arts In The Vatican Museums Minnesota 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 Patrons Of The Arts In The Vatican Museums Minnesota 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.1%.
Frequently Asked Questions about Patrons Of The Arts In The Vatican Museums Minnesota
Is Patrons Of The Arts In The Vatican Museums Minnesota a legitimate charity?
Patrons Of The Arts In The Vatican Museums Minnesota (EIN: 412012739) is a registered tax-exempt nonprofit based in Minnesota. It has 11 years of IRS 990 filings on record. Total revenue: $158K. No red flags identified. Financial health grade: C.
How does Patrons Of The Arts In The Vatican Museums Minnesota spend its money?
Patrons Of The Arts In The Vatican Museums Minnesota reported $158K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Patrons Of The Arts In The Vatican Museums Minnesota tax-deductible?
Patrons Of The Arts In The Vatican Museums Minnesota is registered as a tax-exempt nonprofit (EIN: 412012739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Patrons Of The Arts In The Vatican Museums Minnesota located?
Patrons Of The Arts In The Vatican Museums Minnesota is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 412012739. It is classified under NTEE code A80.
How many years of IRS 990 filings does Patrons Of The Arts In The Vatican Museums Minnesota have?
Patrons Of The Arts In The Vatican Museums Minnesota has 11 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 $158K in total revenue.
Filing History
IRS 990 filing history for Patrons Of The Arts In The Vatican Museums Minnesota showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Patrons Of The Arts In The Vatican Museums Minnesota's revenue has grown by 77.8%, moving from $119K to $212K. Total assets increased by 538.9% over the same period, from $34K to $214K. Total functional expenses rose by 95.7%, from $111K to $217K. In its most recent filing year (2023), Patrons Of The Arts In The Vatican Museums Minnesota reported a deficit of $5K, with expenses exceeding revenue. The organization holds $174K in liabilities against $214K in assets (debt-to-asset ratio: 81.1%), resulting in net assets of $40K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $212K | $217K | $214K | $174K | — | View 990 |
| 2022 | $75K | $74K | $87K | $200 | — | View 990 |
| 2021 | $108K | $70K | $85K | $200 | — | — |
| 2020 | $206K | $207K | $203K | $156K | — | — |
| 2019 | $56K | $243K | $48K | $200 | — | View 990 |
| 2018 | $179K | $45K | $242K | $7K | — | View 990 |
| 2017 | $51K | $26K | $106K | $6K | — | View 990 |
| 2016 | $49K | $25K | $81K | $6K | — | View 990 |
| 2015 | $39K | $47K | $51K | $0 | — | View 990 |
| 2014 | $82K | $54K | $58K | $0 | — | View 990 |
| 2013 | $119K | $111K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $212K, expenses of $217K, and assets of $214K (revenue +182.1% year-over-year).
- 2022: Revenue of $75K, expenses of $74K, and assets of $87K (revenue -30.4% year-over-year).
- 2021: Revenue of $108K, expenses of $70K, and assets of $85K (revenue -47.8% year-over-year).
- 2020: Revenue of $206K, expenses of $207K, and assets of $203K (revenue +269.9% year-over-year).
- 2019: Revenue of $56K, expenses of $243K, and assets of $48K (revenue -68.8% year-over-year).
- 2018: Revenue of $179K, expenses of $45K, and assets of $242K (revenue +250.3% year-over-year).
- 2017: Revenue of $51K, expenses of $26K, and assets of $106K (revenue +4.1% year-over-year).
- 2016: Revenue of $49K, expenses of $25K, and assets of $81K (revenue +24.4% year-over-year).
- 2015: Revenue of $39K, expenses of $47K, and assets of $51K (revenue -51.9% year-over-year).
- 2014: Revenue of $82K, expenses of $54K, and assets of $58K (revenue -31.3% year-over-year).
- 2013: Revenue of $119K, expenses of $111K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patrons Of The Arts In The Vatican Museums Minnesota:
Data Sources and Methodology
This transparency report for Patrons Of The Arts In The Vatican Museums Minnesota 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.