Studio Incamminati
Studio Incamminati shows asset growth but recent operating deficit and increased liabilities.
EIN: 200151437 · Philadelphia, PA · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $588K |
| Transparency Score | 75/100 |
Is Studio Incamminati Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Studio Incamminati directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Studio Incamminati
Studio Incamminati (EIN: 200151437) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A25. The organization reported total revenue of $1.4M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Studio Incamminati's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Studio Incamminati is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-38,347 |
| Total Assets | $3.0M |
| Total Liabilities | $2.4M |
| Net Assets | $588K |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 80.2% |
| Months of Reserves | 28.1 months |
Financial Health Grade: C
In 2023, Studio Incamminati reported a deficit of $38K with expenses exceeding revenue, holds 28.1 months of operating reserves (strong position), has a debt-to-asset ratio of 80.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Studio Incamminati's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.7% | -3.2% | +274.4% |
| 2022 | -32.7% | -3.8% | -39.0% |
| 2021 | -40.5% | +18.7% | -0.9% |
| 2020 | +125.6% | -3.4% | +345.9% |
| 2019 | -10.7% | +11.8% | -45.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 Studio Incamminati 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: 75%
- fundraising: 10%
According to IRS 990 filings, Studio Incamminati allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 80.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size with over $1 million in annual revenue and nearly $3 million in assets. This suggests either a volunteer-led executive team or compensation is structured in a way not reported as officer compensation on the 990.
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 Studio Incamminati's IRS 990 filings:
- Significant increase in liabilities to $2,385,576 in 2023, requiring further explanation.
- Operating deficit in the 2023 fiscal period ($1,271,912 expenses vs. $1,233,565 revenue).
- Consistent 0% officer compensation, which is unusual for an organization of this size and could indicate alternative compensation structures or reliance on unpaid leadership.
Strengths
The following positive indicators were identified for Studio Incamminati:
- Consistent filing of IRS Form 990s over 13 periods, indicating transparency.
- Significant asset growth from $496,571 in 2014 to $2,893,279 currently.
- No reported officer compensation, suggesting resources are not allocated to high executive salaries.
Frequently Asked Questions about Studio Incamminati
Is Studio Incamminati a legitimate charity?
Based on AI analysis of IRS 990 filings, Studio Incamminati (EIN: 200151437) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Studio Incamminati spend its money?
Studio Incamminati directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Studio Incamminati tax-deductible?
Studio Incamminati is registered as a tax-exempt nonprofit (EIN: 200151437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Studio Incamminati CEO make?
Studio Incamminati's highest-compensated officer earns $1 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Studio Incamminati's spending goes to programs?
Studio Incamminati directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Studio Incamminati compare to similar nonprofits?
With a transparency score of 75/100 (Good), Studio Incamminati is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Studio Incamminati located?
Studio Incamminati is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 200151437. It is classified under NTEE code A25.
How many years of IRS 990 filings does Studio Incamminati have?
Studio Incamminati 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 $1.4M in total revenue.
What caused the significant increase in liabilities to $2,385,576 in the 2023 fiscal period?
The provided data does not specify the nature of these liabilities. Further investigation into the full IRS 990 filing for 2023 would be necessary to understand if this relates to debt, deferred revenue, or other obligations.
How does Studio Incamminati manage executive leadership without reported officer compensation?
The consistent 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based, or compensation is provided through other means not classified as officer compensation on the 990, such as through a related management entity or as independent contractor fees.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed breakdown of these expense categories. A full IRS 990 filing would be required to analyze the specific allocation of expenses.
What was the reason for the revenue fluctuation, particularly the peak in 2020 and dip in 2022?
The data does not provide reasons for revenue fluctuations. External factors like grants, donations, or changes in program enrollment could contribute to these variations.
Filing History
IRS 990 filing history for Studio Incamminati showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Studio Incamminati's revenue has grown by 46.2%, moving from $844K to $1.2M. Total assets increased by 722.4% over the same period, from $362K to $3.0M. Total functional expenses rose by 53%, from $831K to $1.3M. In its most recent filing year (2023), Studio Incamminati reported a deficit of $38K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $3.0M in assets (debt-to-asset ratio: 80.2%), resulting in net assets of $588K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $3.0M | $2.4M | — | View 990 |
| 2022 | $877K | $1.3M | $794K | $159K | — | View 990 |
| 2021 | $1.3M | $1.4M | $1.3M | $190K | — | View 990 |
| 2020 | $2.2M | $1.2M | $1.3M | $181K | — | View 990 |
| 2019 | $971K | $1.2M | $294K | $207K | — | View 990 |
| 2018 | $1.1M | $1.1M | $544K | $225K | — | View 990 |
| 2017 | $1.1M | $1.1M | $453K | $156K | — | View 990 |
| 2016 | $1.1M | $1.1M | $580K | $286K | — | View 990 |
| 2015 | $1.1M | $1.0M | $541K | $279K | — | View 990 |
| 2014 | $1.0M | $958K | $497K | $295K | — | View 990 |
| 2013 | $920K | $869K | $410K | $298K | — | View 990 |
| 2012 | $880K | $859K | $322K | $261K | — | View 990 |
| 2011 | $844K | $831K | $362K | $322K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $3.0M (revenue +40.7% year-over-year).
- 2022: Revenue of $877K, expenses of $1.3M, and assets of $794K (revenue -32.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $1.3M (revenue -40.5% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.2M, and assets of $1.3M (revenue +125.6% year-over-year).
- 2019: Revenue of $971K, expenses of $1.2M, and assets of $294K (revenue -10.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $544K (revenue +1.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $453K (revenue -2.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $580K (revenue +2.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $541K (revenue +2.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $958K, and assets of $497K (revenue +13.9% year-over-year).
- 2013: Revenue of $920K, expenses of $869K, and assets of $410K (revenue +4.6% year-over-year).
- 2012: Revenue of $880K, expenses of $859K, and assets of $322K (revenue +4.3% year-over-year).
- 2011: Revenue of $844K, expenses of $831K, and assets of $362K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Studio Incamminati:
Data Sources and Methodology
This transparency report for Studio Incamminati 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.