Redhouse Arts Center Inc
Redhouse Arts Center: Strong Growth, High Liabilities, and Transparency Gaps
EIN: 222366669 · Syracuse, NY · Updated: 2026-04-04
About Redhouse Arts Center Inc
Redhouse Arts Center Inc (EIN: 222366669) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $3.1M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Redhouse Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Redhouse Arts Center Inc with a Mission Score of 75 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Redhouse Arts Center Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation details are not explicitly disclosed in the provided data, preventing a specific assessment of individual salaries.
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 Redhouse Arts Center Inc's IRS 990 filings:
- Total liabilities of $45,231,139 in 2023 significantly outweigh total assets of $53,230,575, indicating a high debt burden.
- The organization has consistently reported negative net income (expenses exceeding revenue) in several recent years, including a deficit of $294,100 in 2023 and $255,237 in 2022.
- The rapid increase in assets from $5,536,909 in 2016 to $53,230,575 in 2023, coupled with a similar rise in liabilities, suggests significant capital projects or acquisitions that warrant further investigation.
Strengths
The following positive indicators were identified for Redhouse Arts Center Inc:
- Significant revenue growth from $1,288,436 in 2021 to $4,688,149 in 2023 demonstrates increasing community engagement and support.
- The organization has a substantial asset base, indicating a strong physical presence and potential for future programming.
- Consistent operation over many years suggests a stable presence in the Syracuse community.
Frequently Asked Questions about Redhouse Arts Center Inc
What does Redhouse Arts Center Inc do?
Redhouse Arts Center Inc is a nonprofit organization in the Unknown sector, located in Syracuse, New York. It is classified under NTEE code Unknown.
How much revenue does Redhouse Arts Center Inc have?
Redhouse Arts Center Inc reported total revenue of $3,059,999. Based on 13 IRS 990 filings on record.
What are Redhouse Arts Center Inc's total assets?
Redhouse Arts Center Inc holds total assets of $10,971,697 as reported in IRS 990 filings.
Where is Redhouse Arts Center Inc located?
Redhouse Arts Center Inc is based in Syracuse, New York.
What is Redhouse Arts Center Inc's EIN?
Redhouse Arts Center Inc's Employer Identification Number (EIN) is 222366669. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Redhouse Arts Center Inc?
Redhouse Arts Center Inc is classified under NTEE code Unknown (Unknown).
Is Redhouse Arts Center Inc a registered 501(c)(3)?
Redhouse Arts Center Inc appears in IRS records (EIN: 222366669). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Redhouse Arts Center Inc file IRS Form 990?
Yes, Redhouse Arts Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Redhouse Arts Center Inc's revenue in 2023?
In the 202306 filing period, Redhouse Arts Center Inc reported total revenue of $4,688,149, total expenses of $2,941,004, and net assets of $53,230,575.
Is Redhouse Arts Center Inc's revenue growing or declining?
Redhouse Arts Center Inc's revenue is growing. Revenue went from $3,361,480 (202206) to $4,688,149 (202306), a +39.5% change. Based on 13 filings on record.
What is Redhouse Arts Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Redhouse Arts Center Inc covers tax period 202306. It shows revenue of $4,688,149, expenses of $2,941,004, total assets of $53,230,575, and liabilities of $45,231,139.
How much does Redhouse Arts Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Redhouse Arts Center Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Redhouse Arts Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Redhouse Arts Center Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Redhouse Arts Center Inc?
The following concerns were identified: Total liabilities of $45,231,139 in 2023 significantly outweigh total assets of $53,230,575, indicating a high debt burden.. The organization has consistently reported negative net income (expenses exceeding revenue) in several recent years, including a deficit of $294,100 in 2023 and $255,237 in 2022.. The rapid increase in assets from $5,536,909 in 2016 to $53,230,575 in 2023, coupled with a similar rise in liabilities, suggests significant capital projects or acquisitions that warrant further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Redhouse Arts Center Inc's strengths?
Positive indicators for Redhouse Arts Center Inc include: Significant revenue growth from $1,288,436 in 2021 to $4,688,149 in 2023 demonstrates increasing community engagement and support.. The organization has a substantial asset base, indicating a strong physical presence and potential for future programming.. Consistent operation over many years suggests a stable presence in the Syracuse community.. These findings are derived from AI analysis of the organization's financial filings.
How does Redhouse Arts Center Inc compensate executives?
Executive compensation details are not explicitly disclosed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial increase in assets and liabilities, what specific capital projects or acquisitions were undertaken by Redhouse Arts Center Inc. between 2016 and 2023, and how were these financed?
The provided data indicates a dramatic increase in both assets and liabilities, suggesting significant capital expenditures. Without more detailed financial statements, the specific projects (e.g., new facilities, major renovations) and their financing mechanisms (e.g., bond issuance, large loans) cannot be precisely identified from the given information.
Despite revenue growth, Redhouse Arts Center Inc. has reported negative net income in recent years. What strategies are in place to achieve financial sustainability and move towards a positive net income?
The consistent reporting of expenses exceeding revenue, such as the $294,100 deficit in 2023, raises concerns about long-term financial health. While revenue is growing, it's not outpacing expenses. The organization would need to implement strategies such as cost control measures, increased fundraising efforts, or diversification of revenue streams to achieve financial sustainability.
Filing History
IRS 990 filing history for Redhouse Arts Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Redhouse Arts Center Inc's revenue has grown by 696.5%, moving from $589K to $4.7M. Total assets increased by 2722.7% over the same period, from $1.9M to $53.2M. Total functional expenses rose by 524.2%, from $471K to $2.9M. In its most recent filing year (2023), Redhouse Arts Center Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $45.2M in liabilities against $53.2M in assets (debt-to-asset ratio: 85.0%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $2.9M | $53.2M | $45.2M | — | View 990 |
| 2022 | $3.4M | $2.6M | $30.4M | $24.5M | — | View 990 |
| 2021 | $1.3M | $1.5M | $19.8M | $14.7M | — | View 990 |
| 2020 | $3.0M | $3.8M | $21.5M | $16.2M | — | — |
| 2019 | $2.6M | $3.4M | $21.3M | $15.2M | — | View 990 |
| 2018 | $3.1M | $3.4M | $21.4M | $14.4M | — | View 990 |
| 2017 | $6.1M | $4.4M | $12.0M | $5.9M | — | View 990 |
| 2016 | $4.3M | $3.8M | $5.5M | $2.1M | — | View 990 |
| 2015 | $2.6M | $2.6M | $5.1M | $2.2M | — | View 990 |
| 2014 | $1.8M | $1.2M | $3.4M | $1.6M | — | View 990 |
| 2013 | $1.1M | $1.2M | $1.8M | $534K | — | View 990 |
| 2012 | $763K | $855K | $1.8M | $479K | — | View 990 |
| 2011 | $589K | $471K | $1.9M | $468K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $2.9M, and assets of $53.2M (revenue +39.5% year-over-year).
- 2022: Revenue of $3.4M, expenses of $2.6M, and assets of $30.4M (revenue +160.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.5M, and assets of $19.8M (revenue -56.6% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.8M, and assets of $21.5M (revenue +15.5% year-over-year).
- 2019: Revenue of $2.6M, expenses of $3.4M, and assets of $21.3M (revenue -18.3% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.4M, and assets of $21.4M (revenue -48.4% year-over-year).
- 2017: Revenue of $6.1M, expenses of $4.4M, and assets of $12.0M (revenue +42.6% year-over-year).
- 2016: Revenue of $4.3M, expenses of $3.8M, and assets of $5.5M (revenue +62.5% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.6M, and assets of $5.1M (revenue +44.0% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.2M, and assets of $3.4M (revenue +59.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $1.8M (revenue +50.4% year-over-year).
- 2012: Revenue of $763K, expenses of $855K, and assets of $1.8M (revenue +29.6% year-over-year).
- 2011: Revenue of $589K, expenses of $471K, and assets of $1.9M.
Data Sources and Methodology
This transparency report for Redhouse Arts Center 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.