Raw Art Works Inc
Raw Art Works: Strong Financials, Consistent Program Focus
EIN: 222854850 · Lynn, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $2.9M |
| Program Spending | 80% |
| Net Assets | $9.5M |
| Transparency Score | 85/100 |
Is Raw Art Works Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Raw Art Works Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Raw Art Works Inc
Raw Art Works Inc (EIN: 222854850) is a nonprofit organization based in Lynn, MA. The organization reported total revenue of $4.4M and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raw Art Works Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raw Art Works Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-24,184 |
| Total Assets | $10.6M |
| Total Liabilities | $1.1M |
| Net Assets | $9.5M |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 10.2% |
| Months of Reserves | 43.2 months |
Financial Health Grade: B
In 2023, Raw Art Works Inc reported a deficit of $24K with expenses exceeding revenue, holds 43.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Raw Art Works Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +0.1% | +17.1% |
| 2022 | -22.1% | +35.1% | -7.9% |
| 2021 | -18.3% | -6.9% | +33.6% |
| 2020 | -4.3% | -0.1% | +49.1% |
| 2019 | +127.3% | +3.6% | +87.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
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 Raw Art Works Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Raw Art Works Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.2%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
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.
Strengths
The following positive indicators were identified for Raw Art Works Inc:
- Consistently strong asset growth, from $2.6M in 2018 to $12M in 2023, indicating robust financial health.
- High percentage of spending consistently allocated to programs (e.g., 80% in 2023 based on expense data).
- Healthy revenue streams, with 2023 revenue at $2.9M and a history of strong fundraising.
- Low liabilities relative to assets, demonstrating financial stability and prudent management.
Frequently Asked Questions about Raw Art Works Inc
Is Raw Art Works Inc a legitimate charity?
Raw Art Works Inc (EIN: 222854850) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Raw Art Works Inc spend its money?
Raw Art Works Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Raw Art Works Inc tax-deductible?
Raw Art Works Inc is registered as a tax-exempt nonprofit (EIN: 222854850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Raw Art Works Inc's spending goes to programs?
Raw Art Works Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Raw Art Works Inc located?
Raw Art Works Inc is headquartered in Lynn, Massachusetts and files with the IRS under EIN 222854850.
How many years of IRS 990 filings does Raw Art Works Inc have?
Raw Art Works 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 $4.4M in total revenue.
What does Raw Art Works Inc do?
Raw Art Works Inc is a nonprofit organization in the Unknown sector, located in Lynn, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Raw Art Works Inc have?
Raw Art Works Inc reported total revenue of $4,403,446. Based on 13 IRS 990 filings on record.
What are Raw Art Works Inc's total assets?
Raw Art Works Inc holds total assets of $12,032,232 as reported in IRS 990 filings.
Where is Raw Art Works Inc located?
Raw Art Works Inc is based in Lynn, Massachusetts.
What is Raw Art Works Inc's EIN?
Raw Art Works Inc's Employer Identification Number (EIN) is 222854850. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Raw Art Works Inc?
Raw Art Works Inc is classified under NTEE code Unknown (Unknown).
Is Raw Art Works Inc a registered 501(c)(3)?
Raw Art Works Inc appears in IRS records (EIN: 222854850). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Raw Art Works Inc file IRS Form 990?
Yes, Raw Art Works Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Raw Art Works Inc's revenue in 2023?
In the 202306 filing period, Raw Art Works Inc reported total revenue of $2,913,409, total expenses of $2,937,593, and net assets of $10,570,415.
Is Raw Art Works Inc's revenue growing or declining?
Raw Art Works Inc's revenue is growing. Revenue went from $2,732,889 (202206) to $2,913,409 (202306), a +6.6% change. Based on 13 filings on record.
What is Raw Art Works Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Raw Art Works Inc covers tax period 202306. It shows revenue of $2,913,409, expenses of $2,937,593, total assets of $10,570,415, and liabilities of $1,081,081.
How much does Raw Art Works Inc spend on programs vs administration?
Based on IRS 990 analysis, Raw Art Works Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Raw Art Works Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Raw Art Works Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Raw Art Works Inc's strengths?
Positive indicators for Raw Art Works Inc include: Consistently strong asset growth, from $2.6M in 2018 to $12M in 2023, indicating robust financial health.. High percentage of spending consistently allocated to programs (e.g., 80% in 2023 based on expense data).. Healthy revenue streams, with 2023 revenue at $2.9M and a history of strong fundraising.. Low liabilities relative to assets, demonstrating financial stability and prudent management.. These findings are derived from AI analysis of the organization's financial filings.
How does Raw Art Works Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Raw Art Works managed to achieve such significant asset growth over the past five years, and what specific strategies contributed to this?
Raw Art Works has seen substantial asset growth, increasing from $4.9M in 2019 to $12M in 2023. This growth is likely driven by a combination of consistent revenue generation (e.g., $2.9M in 2023), effective expense management, and potentially successful investment strategies or capital campaigns, as indicated by the increasing asset base relative to liabilities.
Filing History
IRS 990 filing history for Raw Art Works Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Raw Art Works Inc's revenue has grown by 144.9%, moving from $1.2M to $2.9M. Total assets increased by 532.3% over the same period, from $1.7M to $10.6M. Total functional expenses rose by 150.3%, from $1.2M to $2.9M. In its most recent filing year (2023), Raw Art Works Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $10.6M in assets (debt-to-asset ratio: 10.2%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.9M | $10.6M | $1.1M | — | View 990 |
| 2022 | $2.7M | $2.9M | $9.0M | $371K | — | View 990 |
| 2021 | $3.5M | $2.2M | $9.8M | $253K | — | — |
| 2020 | $4.3M | $2.3M | $7.3M | $508K | — | View 990 |
| 2019 | $4.5M | $2.3M | $4.9M | $151K | — | View 990 |
| 2018 | $2.0M | $2.3M | $2.6M | $178K | — | View 990 |
| 2017 | $2.2M | $2.2M | $2.9M | $183K | — | View 990 |
| 2016 | $2.1M | $2.2M | $2.9M | $166K | — | View 990 |
| 2015 | $2.1M | $2.0M | $3.0M | $167K | — | View 990 |
| 2014 | $2.8M | $1.7M | $2.9M | $114K | — | View 990 |
| 2013 | $1.5M | $1.5M | $1.8M | $115K | — | View 990 |
| 2012 | $1.3M | $1.3M | $1.7M | $94K | — | View 990 |
| 2011 | $1.2M | $1.2M | $1.7M | $98K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.9M, and assets of $10.6M (revenue +6.6% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.9M, and assets of $9.0M (revenue -22.1% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.2M, and assets of $9.8M (revenue -18.3% year-over-year).
- 2020: Revenue of $4.3M, expenses of $2.3M, and assets of $7.3M (revenue -4.3% year-over-year).
- 2019: Revenue of $4.5M, expenses of $2.3M, and assets of $4.9M (revenue +127.3% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.3M, and assets of $2.6M (revenue -10.8% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $2.9M (revenue +4.4% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.2M, and assets of $2.9M (revenue +0.2% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $3.0M (revenue -24.5% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.7M, and assets of $2.9M (revenue +80.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $1.8M (revenue +18.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $1.7M (revenue +9.8% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raw Art Works Inc:
Data Sources and Methodology
This transparency report for Raw Art Works 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.