Real Life Center For The Performing Arts
EIN: 863498462 · Selma, TX · NTEE: A61
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $665K |
| Net Assets | $-815,976 |
Is Real Life Center For The Performing Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Real Life Center For The Performing Arts
Real Life Center For The Performing Arts (EIN: 863498462) is a nonprofit organization based in Selma, TX, classified under NTEE code A61. The organization reported total revenue of $1.0M and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Real Life Center For The Performing Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Real Life Center For The Performing Arts is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -45.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $665K |
| Surplus / Deficit | $-422,452 |
| Total Assets | $31K |
| Total Liabilities | $847K |
| Net Assets | $-815,976 |
| Operating Margin | -174.3% |
| Debt-to-Asset Ratio | 2705.8% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2023, Real Life Center For The Performing Arts reported a deficit of $422K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 2705.8% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Real Life Center For The Performing Arts's revenue has declined at a compound annual growth rate (CAGR) of -45.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.6% | -20.7% | +66.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Real Life Center For The Performing 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 Real Life Center For The Performing 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:
- The organization reported a deficit of $422K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2705.8%.
Frequently Asked Questions about Real Life Center For The Performing Arts
Is Real Life Center For The Performing Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Real Life Center For The Performing Arts (EIN: 863498462) insufficient data. 0 red flags identified, 0 strengths noted.
How does Real Life Center For The Performing Arts spend its money?
Detailed spending breakdown data is not yet available for Real Life Center For The Performing Arts. Check back for updated IRS 990 analysis.
Are donations to Real Life Center For The Performing Arts tax-deductible?
Real Life Center For The Performing Arts is registered as a tax-exempt nonprofit (EIN: 863498462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Real Life Center For The Performing Arts located?
Real Life Center For The Performing Arts is headquartered in Selma, Texas and files with the IRS under EIN 863498462. It is classified under NTEE code A61.
How many years of IRS 990 filings does Real Life Center For The Performing Arts have?
Real Life Center For The Performing Arts has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.0M in total revenue.
Filing History
IRS 990 filing history for Real Life Center For The Performing Arts showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Real Life Center For The Performing Arts's revenue has declined by 45.6%, moving from $445K to $242K. Total assets increased by 66.9% over the same period, from $19K to $31K. Total functional expenses fell by 20.7%, from $839K to $665K. In its most recent filing year (2023), Real Life Center For The Performing Arts reported a deficit of $422K, with expenses exceeding revenue. The organization holds $847K in liabilities against $31K in assets (debt-to-asset ratio: 2705.8%), resulting in net assets of $-815,976.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $242K | $665K | $31K | $847K | — | — |
| 2022 | $445K | $839K | $19K | $412K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Real Life Center For The Performing Arts:
Data Sources and Methodology
This transparency report for Real Life Center For The Performing 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.