Tbey Arts Center Inc
Tbey Arts Center Inc shows consistent financial growth and no reported executive compensation over seven years.
EIN: 20739623 · Milwaukee, WI · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $279K |
| Program Spending | 85% |
| Net Assets | $565K |
| Transparency Score | 90/100 |
Is Tbey Arts Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tbey Arts Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tbey Arts Center Inc
Tbey Arts Center Inc (EIN: 20739623) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code O50. The organization reported total revenue of $417K and total assets of $509K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tbey Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tbey Arts Center Inc is a small nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $279K |
| Surplus / Deficit | +$70K |
| Total Assets | $573K |
| Total Liabilities | $8K |
| Net Assets | $565K |
| Operating Margin | 20.0% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 24.7 months |
Financial Health Grade: A
In 2023, Tbey Arts Center Inc reported a surplus of $70K with revenue exceeding expenses, holds 24.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 7 years of filings (2016–2023), Tbey Arts Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.1% | +16.1% | +14.3% |
| 2022 | +55.9% | — | +101.8% |
| 2020 | +13.5% | -100.0% | +67.0% |
| 2019 | -18.9% | -1.1% | -15.4% |
| 2018 | +12.4% | +35.0% | +57.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Tbey Arts Center 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, Tbey Arts Center 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
No officer compensation has been reported in any of the seven IRS 990 filings, indicating a volunteer-led executive team or extremely modest compensation, which is highly favorable for donor perception of administrative efficiency.
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 Tbey Arts Center Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes precise program efficiency calculation difficult.
Strengths
The following positive indicators were identified for Tbey Arts Center Inc:
- Consistent revenue growth over multiple years, from $106,685 in 2016 to $348,774 in 2023.
- Significant asset growth from $39,211 in 2016 to $572,998 in 2023, indicating strong financial health.
- Zero reported officer compensation across all seven filings, suggesting high administrative efficiency.
- Very low liabilities relative to assets, indicating strong solvency and fiscal responsibility.
- Consistent surplus generation in most years, allowing for reinvestment in mission and asset building.
Frequently Asked Questions about Tbey Arts Center Inc
Is Tbey Arts Center Inc a legitimate charity?
Tbey Arts Center Inc (EIN: 20739623) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 90/100. It has 7 years of IRS 990 filings on record. Total revenue: $417K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Tbey Arts Center Inc spend its money?
Tbey Arts Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tbey Arts Center Inc tax-deductible?
Tbey Arts Center Inc is registered as a tax-exempt nonprofit (EIN: 20739623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tbey Arts Center Inc's spending goes to programs?
Tbey Arts Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tbey Arts Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Tbey Arts Center Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tbey Arts Center Inc located?
Tbey Arts Center Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 20739623. It is classified under NTEE code O50.
How many years of IRS 990 filings does Tbey Arts Center Inc have?
Tbey Arts Center Inc has 7 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 $417K in total revenue.
Is Tbey Arts Center Inc financially stable?
Yes, Tbey Arts Center Inc appears financially stable, demonstrating consistent revenue generation, significant asset growth from $39,211 in 2016 to $572,998 in 2023, and very low liabilities across all reported periods.
How does Tbey Arts Center Inc manage executive compensation?
Tbey Arts Center Inc has reported 0% officer compensation in all seven IRS 990 filings, suggesting a volunteer-driven leadership or very minimal executive salaries not meeting reporting thresholds.
What is the trend in Tbey Arts Center Inc's revenue?
Tbey Arts Center Inc has shown a positive revenue trend, growing from $106,685 in 2016 to $348,774 in 2023, with a peak of $420,833 in 2022.
Filing History
IRS 990 filing history for Tbey Arts Center Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2023), Tbey Arts Center Inc's revenue has grown by 226.9%, moving from $107K to $349K. Total assets increased by 1361.3% over the same period, from $39K to $573K. Total functional expenses rose by 207.7%, from $91K to $279K. In its most recent filing year (2023), Tbey Arts Center Inc reported a surplus of $70K, with revenue exceeding expenses. The organization holds $8K in liabilities against $573K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $565K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $279K | $573K | $8K | — | — |
| 2022 | $421K | $240K | $501K | $6K | — | View 990 |
| 2020 | $270K | $0 | $248K | $3K | — | View 990 |
| 2019 | $238K | $248K | $149K | $20K | — | View 990 |
| 2018 | $293K | $251K | $176K | $30K | — | View 990 |
| 2017 | $261K | $186K | $112K | $8K | — | View 990 |
| 2016 | $107K | $91K | $39K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $279K, and assets of $573K (revenue -17.1% year-over-year).
- 2022: Revenue of $421K, expenses of $240K, and assets of $501K (revenue +55.9% year-over-year).
- 2020: Revenue of $270K, expenses of $0, and assets of $248K (revenue +13.5% year-over-year).
- 2019: Revenue of $238K, expenses of $248K, and assets of $149K (revenue -18.9% year-over-year).
- 2018: Revenue of $293K, expenses of $251K, and assets of $176K (revenue +12.4% year-over-year).
- 2017: Revenue of $261K, expenses of $186K, and assets of $112K (revenue +144.3% year-over-year).
- 2016: Revenue of $107K, expenses of $91K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tbey Arts Center Inc:
Data Sources and Methodology
This transparency report for Tbey 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.