Patrons Of The Arts In The Vatican Museums Of Ohio
Patrons Of The Arts In The Vatican Museums Of Ohio shows inconsistent financial performance with a recent operating deficit.
EIN: 202545192 · Cleveland, OH · NTEE: A11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $402K |
| Program Spending | 70% |
| Net Assets | $121K |
| Transparency Score | 65/100 |
Is Patrons Of The Arts In The Vatican Museums Of Ohio Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Patrons Of The Arts In The Vatican Museums Of Ohio directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Patrons Of The Arts In The Vatican Museums Of Ohio
Patrons Of The Arts In The Vatican Museums Of Ohio (EIN: 202545192) is a nonprofit organization based in Cleveland, OH, classified under NTEE code A11. The organization reported total revenue of $1.4M and total assets of $199K 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 Of Ohio'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 Of Ohio is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $402K |
| Surplus / Deficit | $-205,819 |
| Total Assets | $122K |
| Total Liabilities | $1K |
| Net Assets | $121K |
| Operating Margin | -105.0% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, Patrons Of The Arts In The Vatican Museums Of Ohio reported a deficit of $206K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Patrons Of The Arts In The Vatican Museums Of Ohio's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.3% | +283.9% | -62.6% |
| 2022 | +203.7% | -41.8% | +280.3% |
| 2021 | -40.8% | +34.3% | -44.2% |
| 2020 | +51.4% | +13.8% | +49.2% |
| 2019 | +9.3% | -21.0% | -15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Patrons Of The Arts In The Vatican Museums Of Ohio with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Patrons Of The Arts In The Vatican Museums Of Ohio allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $206K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is a positive sign for minimizing overhead.
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 Patrons Of The Arts In The Vatican Museums Of Ohio's IRS 990 filings:
- Significant operating deficit in 202312 (expenses $401,840 vs. revenue $196,021)
- Highly fluctuating annual revenues and assets, indicating potential financial instability
- Latest reported revenue of $1,410,465 is an outlier compared to historical trends, requiring clarification
Strengths
The following positive indicators were identified for Patrons Of The Arts In The Vatican Museums Of Ohio:
- Consistent 0% officer compensation across all filings, indicating efficient use of funds for leadership
- Long filing history (13 filings) suggests established operations
- Generally maintained positive assets over the years, despite fluctuations
Frequently Asked Questions about Patrons Of The Arts In The Vatican Museums Of Ohio
Is Patrons Of The Arts In The Vatican Museums Of Ohio a legitimate charity?
Patrons Of The Arts In The Vatican Museums Of Ohio (EIN: 202545192) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Patrons Of The Arts In The Vatican Museums Of Ohio spend its money?
Patrons Of The Arts In The Vatican Museums Of Ohio directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Patrons Of The Arts In The Vatican Museums Of Ohio tax-deductible?
Patrons Of The Arts In The Vatican Museums Of Ohio is registered as a tax-exempt nonprofit (EIN: 202545192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Patrons Of The Arts In The Vatican Museums Of Ohio's spending goes to programs?
Patrons Of The Arts In The Vatican Museums Of Ohio directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Patrons Of The Arts In The Vatican Museums Of Ohio compare to similar nonprofits?
With a transparency score of 65/100 (Good), Patrons Of The Arts In The Vatican Museums Of Ohio is above average for NTEE category A11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Patrons Of The Arts In The Vatican Museums Of Ohio located?
Patrons Of The Arts In The Vatican Museums Of Ohio is headquartered in Cleveland, Ohio and files with the IRS under EIN 202545192. It is classified under NTEE code A11.
How many years of IRS 990 filings does Patrons Of The Arts In The Vatican Museums Of Ohio have?
Patrons Of The Arts In The Vatican Museums Of Ohio 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 $1.4M in total revenue.
Is Patrons Of The Arts In The Vatican Museums Of Ohio a good charity?
The organization's consistent reporting of 0% officer compensation is a strong positive for efficiency and transparency. However, the significant operating deficit in 202312 (expenses of $401,840 vs. revenue of $196,021) and the fluctuating financial performance suggest some instability. A deeper dive into the nature of their expenses and the source of the large 'latest revenue' figure would be necessary for a definitive answer.
Why is the latest revenue so much higher than historical revenues?
The latest reported revenue of $1,410,465 is significantly higher than any annual revenue reported in the filing history (which typically ranges from $113,736 to $345,439). This could be due to a one-time large donation, a capital campaign, or a reporting anomaly. Further investigation into the specific filing details would be needed to understand this discrepancy.
What caused the large operating deficit in 202312?
In 202312, the organization reported expenses of $401,840 against a revenue of only $196,021, resulting in a substantial deficit. The specific reasons for this deficit are not detailed in the provided summary but could include significant program expenditures, administrative costs, or a decline in donations for that period.
Filing History
IRS 990 filing history for Patrons Of The Arts In The Vatican Museums Of Ohio showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Patrons Of The Arts In The Vatican Museums Of Ohio's revenue has grown by 234.5%, moving from $59K to $196K. Total assets increased by 218.2% over the same period, from $38K to $122K. Total functional expenses rose by 189.5%, from $139K to $402K. In its most recent filing year (2023), Patrons Of The Arts In The Vatican Museums Of Ohio reported a deficit of $206K, with expenses exceeding revenue. The organization holds $1K in liabilities against $122K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $121K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $196K | $402K | $122K | $1K | — | — |
| 2022 | $345K | $105K | $327K | $0 | — | — |
| 2021 | $114K | $180K | $86K | $0 | — | View 990 |
| 2020 | $192K | $134K | $154K | $2K | — | View 990 |
| 2019 | $127K | $118K | $103K | $28K | — | View 990 |
| 2018 | $116K | $149K | $122K | $41K | — | View 990 |
| 2017 | $148K | $149K | $114K | $160 | — | View 990 |
| 2016 | $200K | $181K | $115K | $0 | — | View 990 |
| 2015 | $184K | $154K | $96K | $0 | — | View 990 |
| 2014 | $146K | $98K | $66K | $0 | — | View 990 |
| 2013 | $56K | $66K | $17K | $0 | — | View 990 |
| 2012 | $279K | $290K | $28K | $0 | — | View 990 |
| 2011 | $59K | $139K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $196K, expenses of $402K, and assets of $122K (revenue -43.3% year-over-year).
- 2022: Revenue of $345K, expenses of $105K, and assets of $327K (revenue +203.7% year-over-year).
- 2021: Revenue of $114K, expenses of $180K, and assets of $86K (revenue -40.8% year-over-year).
- 2020: Revenue of $192K, expenses of $134K, and assets of $154K (revenue +51.4% year-over-year).
- 2019: Revenue of $127K, expenses of $118K, and assets of $103K (revenue +9.3% year-over-year).
- 2018: Revenue of $116K, expenses of $149K, and assets of $122K (revenue -21.8% year-over-year).
- 2017: Revenue of $148K, expenses of $149K, and assets of $114K (revenue -25.7% year-over-year).
- 2016: Revenue of $200K, expenses of $181K, and assets of $115K (revenue +8.7% year-over-year).
- 2015: Revenue of $184K, expenses of $154K, and assets of $96K (revenue +25.6% year-over-year).
- 2014: Revenue of $146K, expenses of $98K, and assets of $66K (revenue +162.0% year-over-year).
- 2013: Revenue of $56K, expenses of $66K, and assets of $17K (revenue -80.0% year-over-year).
- 2012: Revenue of $279K, expenses of $290K, and assets of $28K (revenue +376.9% year-over-year).
- 2011: Revenue of $59K, expenses of $139K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patrons Of The Arts In The Vatican Museums Of Ohio:
Data Sources and Methodology
This transparency report for Patrons Of The Arts In The Vatican Museums Of Ohio 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.