Petras Arts
EIN: 264128859 · Murray, UT · NTEE: A6E
Is Petras Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Petras Arts
Petras Arts (EIN: 264128859) is a nonprofit organization based in Murray, UT, classified under NTEE code A6E. The organization reported total revenue of $0 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Petras Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Petras Arts is a micro nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Petras Arts 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 Petras Arts 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:
- Debt-to-asset ratio: 36925.3%.
Frequently Asked Questions about Petras Arts
Is Petras Arts a legitimate charity?
Petras Arts (EIN: 264128859) is a registered tax-exempt nonprofit based in Utah. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Petras Arts spend its money?
Petras Arts reported its financials in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Petras Arts tax-deductible?
Petras Arts is registered as a tax-exempt nonprofit (EIN: 264128859). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Petras Arts located?
Petras Arts is headquartered in Murray, Utah and files with the IRS under EIN 264128859. It is classified under NTEE code A6E.
How many years of IRS 990 filings does Petras Arts have?
Petras Arts has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Petras Arts showing financial trends over 12 years of public records:
Total assets decreased by 51.6% over the same period, from $310 to $150. Total functional expenses fell by 100%, from $55K to $0. The organization holds $55K in liabilities against $150 in assets (debt-to-asset ratio: 36925.3%), resulting in net assets of $-55,238.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $0 | $150 | $55K | — | View 990 |
| 2022 | $0 | $0 | $50 | $55K | — | View 990 |
| 2021 | $0 | $0 | $130 | $55K | — | View 990 |
| 2020 | $0 | $-56,587 | $108 | $-56,587 | — | View 990 |
| 2019 | $0 | $-56,587 | $108 | $57K | — | View 990 |
| 2018 | $0 | $-56,587 | $108 | $57K | — | — |
| 2017 | $0 | $57K | $108 | $57K | — | View 990 |
| 2016 | $0 | $57K | $8 | $57K | — | View 990 |
| 2014 | $0 | $57K | $133 | $0 | — | View 990 |
| 2013 | $0 | $57K | $133 | $57K | — | View 990 |
| 2012 | $0 | $55K | $55K | $450 | — | View 990 |
| 2011 | $0 | $55K | $310 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $0, and assets of $150.
- 2022: Revenue of $0, expenses of $0, and assets of $50.
- 2021: Revenue of $0, expenses of $0, and assets of $130.
- 2020: Revenue of $0, expenses of $-56,587, and assets of $108.
- 2019: Revenue of $0, expenses of $-56,587, and assets of $108.
- 2018: Revenue of $0, expenses of $-56,587, and assets of $108.
- 2017: Revenue of $0, expenses of $57K, and assets of $108.
- 2016: Revenue of $0, expenses of $57K, and assets of $8.
- 2014: Revenue of $0, expenses of $57K, and assets of $133.
- 2013: Revenue of $0, expenses of $57K, and assets of $133.
- 2012: Revenue of $0, expenses of $55K, and assets of $55K.
- 2011: Revenue of $0, expenses of $55K, and assets of $310.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Petras Arts:
Data Sources and Methodology
This transparency report for Petras Arts 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.