Providence Cityarts For Youth Inc
EIN: 223258997 · Providence, RI · NTEE: O200
| Metric | Value |
|---|---|
| Total Revenue | $24K |
| Total Expenses | $61K |
| Net Assets | $620K |
Is Providence Cityarts For Youth Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Providence Cityarts For Youth Inc
Providence Cityarts For Youth Inc (EIN: 223258997) is a nonprofit organization based in Providence, RI, classified under NTEE code O200. The organization reported total revenue of $24K and total assets of $627K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Cityarts For Youth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Cityarts For Youth Inc is a micro nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $61K |
| Surplus / Deficit | $-13,544 |
| Total Assets | $628K |
| Total Liabilities | $9K |
| Net Assets | $620K |
| Operating Margin | -28.8% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 124.3 months |
Financial Health Grade: B
In 2023, Providence Cityarts For Youth Inc reported a deficit of $14K with expenses exceeding revenue, holds 124.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Providence Cityarts For Youth Inc's revenue has declined at a compound annual growth rate (CAGR) of -18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.8% | -63.5% | -2.3% |
| 2022 | -4.6% | -8.3% | -5.7% |
| 2021 | +17.3% | -11.8% | +0.4% |
| 2020 | -15.6% | +13.9% | -7.0% |
| 2019 | -49.6% | -55.5% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Providence Cityarts For Youth Inc 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 Providence Cityarts For Youth Inc 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Providence Cityarts For Youth Inc
Is Providence Cityarts For Youth Inc a legitimate charity?
Providence Cityarts For Youth Inc (EIN: 223258997) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $24K. No red flags identified. Financial health grade: B.
How does Providence Cityarts For Youth Inc spend its money?
Providence Cityarts For Youth Inc reported $24K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Providence Cityarts For Youth Inc tax-deductible?
Providence Cityarts For Youth Inc is registered as a tax-exempt nonprofit (EIN: 223258997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Providence Cityarts For Youth Inc located?
Providence Cityarts For Youth Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 223258997. It is classified under NTEE code O200.
How many years of IRS 990 filings does Providence Cityarts For Youth Inc have?
Providence Cityarts For Youth Inc 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 $24K in total revenue.
Filing History
IRS 990 filing history for Providence Cityarts For Youth Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Providence Cityarts For Youth Inc's revenue has declined by 90.7%, moving from $509K to $47K. Total assets decreased by 41.2% over the same period, from $1.1M to $628K. Total functional expenses fell by 87.6%, from $488K to $61K. In its most recent filing year (2023), Providence Cityarts For Youth Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $9K in liabilities against $628K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $620K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $61K | $628K | $9K | — | — |
| 2022 | $161K | $166K | $643K | $625 | — | View 990 |
| 2021 | $169K | $181K | $682K | $37K | — | View 990 |
| 2020 | $144K | $206K | $679K | $31K | — | View 990 |
| 2019 | $171K | $181K | $730K | $5K | — | View 990 |
| 2018 | $338K | $406K | $739K | $5K | — | View 990 |
| 2017 | $397K | $573K | $818K | $17K | — | View 990 |
| 2016 | $431K | $449K | $980K | $14K | — | View 990 |
| 2015 | $412K | $379K | $997K | $13K | — | View 990 |
| 2014 | $233K | $313K | $961K | $11K | — | View 990 |
| 2013 | $508K | $519K | $1.0M | $13K | — | View 990 |
| 2012 | $484K | $487K | $1.1M | $21K | — | View 990 |
| 2011 | $509K | $488K | $1.1M | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $61K, and assets of $628K (revenue -70.8% year-over-year).
- 2022: Revenue of $161K, expenses of $166K, and assets of $643K (revenue -4.6% year-over-year).
- 2021: Revenue of $169K, expenses of $181K, and assets of $682K (revenue +17.3% year-over-year).
- 2020: Revenue of $144K, expenses of $206K, and assets of $679K (revenue -15.6% year-over-year).
- 2019: Revenue of $171K, expenses of $181K, and assets of $730K (revenue -49.6% year-over-year).
- 2018: Revenue of $338K, expenses of $406K, and assets of $739K (revenue -14.7% year-over-year).
- 2017: Revenue of $397K, expenses of $573K, and assets of $818K (revenue -7.9% year-over-year).
- 2016: Revenue of $431K, expenses of $449K, and assets of $980K (revenue +4.5% year-over-year).
- 2015: Revenue of $412K, expenses of $379K, and assets of $997K (revenue +76.7% year-over-year).
- 2014: Revenue of $233K, expenses of $313K, and assets of $961K (revenue -54.1% year-over-year).
- 2013: Revenue of $508K, expenses of $519K, and assets of $1.0M (revenue +5.0% year-over-year).
- 2012: Revenue of $484K, expenses of $487K, and assets of $1.1M (revenue -4.9% year-over-year).
- 2011: Revenue of $509K, expenses of $488K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Cityarts For Youth Inc:
Data Sources and Methodology
This transparency report for Providence Cityarts For Youth Inc 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.