Starting Arts Inc
Starting Arts Inc. maintains consistent revenue and asset growth with no reported officer compensation.
EIN: 10552155 · San Jose, CA · NTEE: O50 · Updated: 2026-03-28
Is Starting Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Starting Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Starting Arts Inc
Starting Arts Inc (EIN: 10552155) is a nonprofit organization based in San Jose, CA, classified under NTEE code O50. The organization reported total revenue of $2.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Starting Arts 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 Starting Arts Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Starting Arts Inc 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.
Executive Compensation Analysis
Starting Arts Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive sign, suggesting that resources are fully dedicated to the organization's mission and operational costs rather than executive pay.
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 Starting Arts Inc's IRS 990 filings:
- Operating deficit in 2023 ($2,344,948 revenue vs. $2,438,673 expenses)
- Significant increase in liabilities in 2023 to $486,641, up from $88,994 in 2022
Strengths
The following positive indicators were identified for Starting Arts Inc:
- Consistent reporting of 0% officer compensation across all filings
- Strong asset growth over the past decade, reaching $1,510,887 in 2023
- Consistent revenue generation, generally exceeding $1 million annually
- Regular and transparent IRS 990 filing history (12 filings)
- Rebound in revenue and assets after a dip in 2021
Frequently Asked Questions about Starting Arts Inc
Is Starting Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Starting Arts Inc (EIN: 10552155) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Starting Arts Inc spend its money?
Starting Arts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Starting Arts Inc tax-deductible?
Starting Arts Inc is registered as a tax-exempt nonprofit (EIN: 10552155). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Starting Arts Inc. financially stable?
Yes, Starting Arts Inc. appears financially stable. Despite a slight operating deficit in 2023 ($2,344,948 revenue vs. $2,438,673 expenses), the organization has consistently generated over $1 million in revenue for the past decade and has grown its assets to $1,510,887 in 2023, providing a strong financial buffer.
How does Starting Arts Inc. manage executive compensation?
Starting Arts Inc. reports 0% officer compensation in all available IRS 990 filings, indicating a strong commitment to directing funds towards its programs and operations rather than executive salaries.
What is the trend in Starting Arts Inc.'s assets and liabilities?
Assets have shown a strong upward trend, growing from $169,054 in 2013 to $1,510,887 in 2023. Liabilities have fluctuated, with a notable increase to $486,641 in 2023, but remain well-covered by the organization's substantial assets.
Filing History
IRS 990 filing history for Starting Arts Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Starting Arts Inc's revenue has grown by 192%, moving from $803K to $2.3M. Total assets increased by 1544.5% over the same period, from $92K to $1.5M. Total functional expenses rose by 197%, from $821K to $2.4M. In its most recent filing year (2023), Starting Arts Inc reported a deficit of $94K, with expenses exceeding revenue. The organization holds $487K in liabilities against $1.5M in assets (debt-to-asset ratio: 32.2%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.4M | $1.5M | $487K | — | View 990 |
| 2022 | $2.3M | $2.0M | $1.2M | $89K | — | View 990 |
| 2021 | $1.1M | $1.3M | $926K | $75K | — | View 990 |
| 2020 | $2.2M | $2.2M | $1.2M | $88K | — | View 990 |
| 2019 | $3.1M | $2.1M | $1.3M | $242K | — | View 990 |
| 2018 | $1.7M | $1.7M | $379K | $275K | — | View 990 |
| 2017 | $1.6M | $1.6M | $324K | $246K | — | View 990 |
| 2015 | $1.3M | $1.3M | $190K | $188K | — | View 990 |
| 2014 | $1.2M | $1.2M | $305K | $290K | — | View 990 |
| 2013 | $615K | $580K | $169K | $111K | — | View 990 |
| 2012 | $883K | $934K | $132K | $109K | — | View 990 |
| 2011 | $803K | $821K | $92K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.4M, and assets of $1.5M (revenue +4.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.0M, and assets of $1.2M (revenue +113.9% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.3M, and assets of $926K (revenue -52.9% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $1.2M (revenue -27.3% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.1M, and assets of $1.3M (revenue +76.2% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $379K (revenue +7.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $324K (revenue +23.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $190K (revenue +10.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $305K (revenue +93.6% year-over-year).
- 2013: Revenue of $615K, expenses of $580K, and assets of $169K (revenue -30.4% year-over-year).
- 2012: Revenue of $883K, expenses of $934K, and assets of $132K (revenue +9.9% year-over-year).
- 2011: Revenue of $803K, expenses of $821K, and assets of $92K.
Data Sources and Methodology
This transparency report for Starting Arts 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.