South Asian Performing Arts Foundation
South Asian Performing Arts Foundation shows fluctuating revenue and expenses, with recent years seeing expenses exceed income, leading to asset decline.
EIN: 205084683 · Tulsa, OK · NTEE: A70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $45K |
| Program Spending | 85% |
| Net Assets | $69K |
| Transparency Score | 75/100 |
Is South Asian Performing Arts Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Asian Performing Arts Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Asian Performing Arts Foundation
South Asian Performing Arts Foundation (EIN: 205084683) is a nonprofit organization based in Tulsa, OK, classified under NTEE code A70. The organization reported total revenue of $51K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Asian Performing Arts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Asian Performing Arts Foundation is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $45K |
| Surplus / Deficit | $-12,065 |
| Total Assets | $69K |
| Net Assets | $69K |
| Operating Margin | -37.0% |
| Months of Reserves | 18.5 months |
Financial Health Grade: B
In 2023, South Asian Performing Arts Foundation reported a deficit of $12K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), South Asian Performing Arts Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.1% | +21.9% | -14.9% |
| 2022 | +433.4% | +344.2% | -10.9% |
| 2021 | -82.9% | +147.6% | -3.4% |
| 2020 | -59.7% | -94.8% | +37.8% |
| 2019 | +36.9% | +40.9% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 South Asian Performing Arts Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, South Asian Performing Arts Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $12K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly efficient for a nonprofit of this size.
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 South Asian Performing Arts Foundation's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 202312, 202212, 202112), leading to a net loss.
- Declining asset base from a peak of $94,234 in 202012 to $68,981 in 202312, indicating potential long-term financial strain if not reversed.
Strengths
The following positive indicators were identified for South Asian Performing Arts Foundation:
- Zero liabilities reported across all 13 filings, indicating excellent debt management and financial solvency.
- 0% officer compensation reported, suggesting a highly efficient, volunteer-driven leadership model.
- Consistent filing history over 13 periods, demonstrating transparency and compliance with IRS regulations.
Frequently Asked Questions about South Asian Performing Arts Foundation
Is South Asian Performing Arts Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, South Asian Performing Arts Foundation (EIN: 205084683) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does South Asian Performing Arts Foundation spend its money?
South Asian Performing Arts Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Asian Performing Arts Foundation tax-deductible?
South Asian Performing Arts Foundation is registered as a tax-exempt nonprofit (EIN: 205084683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Asian Performing Arts Foundation's spending goes to programs?
South Asian Performing Arts Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Asian Performing Arts Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), South Asian Performing Arts Foundation is above average for NTEE category A70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Asian Performing Arts Foundation located?
South Asian Performing Arts Foundation is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 205084683. It is classified under NTEE code A70.
How many years of IRS 990 filings does South Asian Performing Arts Foundation have?
South Asian Performing Arts Foundation 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 $51K in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses for the most recent fiscal year?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. Further analysis of the full 990 forms would be required to determine this.
What strategies are in place to address the trend of expenses exceeding revenue in recent years?
The provided data indicates that expenses have exceeded revenue in periods such as 202312 ($44,637 expenses vs. $32,572 revenue) and 202212 ($36,616 expenses vs. $26,672 revenue). The specific strategies to address this trend are not detailed in the summary data.
How does the organization plan to stabilize and grow its asset base, which has decreased from $94,234 in 202012 to $68,981 in 202312?
The summary data shows a decline in assets over the past few years. The organization's plans for asset growth or stabilization are not outlined in the provided financial overview.
Filing History
IRS 990 filing history for South Asian Performing Arts Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Asian Performing Arts Foundation's revenue has grown by 3%, moving from $32K to $33K. Total assets increased by 42.3% over the same period, from $48K to $69K. Total functional expenses rose by 65.9%, from $27K to $45K. In its most recent filing year (2023), South Asian Performing Arts Foundation reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $45K | $69K | $0 | — | — |
| 2022 | $27K | $37K | $81K | $0 | — | View 990 |
| 2021 | $5K | $8K | $91K | $0 | — | View 990 |
| 2020 | $29K | $3K | $94K | $0 | — | — |
| 2019 | $72K | $63K | $68K | $0 | — | View 990 |
| 2018 | $53K | $45K | $59K | $0 | — | View 990 |
| 2017 | $39K | $61K | $52K | $0 | — | View 990 |
| 2016 | $4K | $6K | $73K | $0 | — | View 990 |
| 2015 | $42K | $46K | $76K | $0 | — | View 990 |
| 2014 | $45K | $26K | $79K | $0 | — | View 990 |
| 2013 | $76K | $75K | $60K | $0 | — | View 990 |
| 2012 | $62K | $52K | $58K | $0 | — | View 990 |
| 2011 | $32K | $27K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $45K, and assets of $69K (revenue +22.1% year-over-year).
- 2022: Revenue of $27K, expenses of $37K, and assets of $81K (revenue +433.4% year-over-year).
- 2021: Revenue of $5K, expenses of $8K, and assets of $91K (revenue -82.9% year-over-year).
- 2020: Revenue of $29K, expenses of $3K, and assets of $94K (revenue -59.7% year-over-year).
- 2019: Revenue of $72K, expenses of $63K, and assets of $68K (revenue +36.9% year-over-year).
- 2018: Revenue of $53K, expenses of $45K, and assets of $59K (revenue +35.7% year-over-year).
- 2017: Revenue of $39K, expenses of $61K, and assets of $52K (revenue +1014.2% year-over-year).
- 2016: Revenue of $4K, expenses of $6K, and assets of $73K (revenue -91.6% year-over-year).
- 2015: Revenue of $42K, expenses of $46K, and assets of $76K (revenue -8.1% year-over-year).
- 2014: Revenue of $45K, expenses of $26K, and assets of $79K (revenue -40.4% year-over-year).
- 2013: Revenue of $76K, expenses of $75K, and assets of $60K (revenue +23.2% year-over-year).
- 2012: Revenue of $62K, expenses of $52K, and assets of $58K (revenue +95.7% year-over-year).
- 2011: Revenue of $32K, expenses of $27K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Asian Performing Arts Foundation:
Data Sources and Methodology
This transparency report for South Asian Performing Arts Foundation 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.