The Art Connection In Rhode Island
EIN: 463770718 · Pawtucket, RI · NTEE: A26
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $80K |
| Net Assets | $33K |
Is The Art Connection In Rhode Island Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Art Connection In Rhode Island
The Art Connection In Rhode Island (EIN: 463770718) is a nonprofit organization based in Pawtucket, RI, classified under NTEE code A26. The organization reported total revenue of $81K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Art Connection In Rhode Island's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Art Connection In Rhode Island is a micro nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $80K |
| Surplus / Deficit | $-16,692 |
| Total Assets | $38K |
| Total Liabilities | $5K |
| Net Assets | $33K |
| Operating Margin | -26.4% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2023, The Art Connection In Rhode Island reported a deficit of $17K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), The Art Connection In Rhode Island's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | -13.2% | -23.1% |
| 2022 | -25.3% | +8.2% | -31.1% |
| 2021 | +28.2% | +20.3% | +10.9% |
| 2020 | +2.1% | +12.3% | +4.4% |
| 2019 | +8.8% | +8.3% | +14.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Art Connection In Rhode Island has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Art Connection In Rhode Island with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Frequently Asked Questions about The Art Connection In Rhode Island
Is The Art Connection In Rhode Island a legitimate charity?
Based on AI analysis of IRS 990 filings, The Art Connection In Rhode Island (EIN: 463770718) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Art Connection In Rhode Island spend its money?
Detailed spending breakdown data is not yet available for The Art Connection In Rhode Island. Check back for updated IRS 990 analysis.
Are donations to The Art Connection In Rhode Island tax-deductible?
The Art Connection In Rhode Island is registered as a tax-exempt nonprofit (EIN: 463770718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Art Connection In Rhode Island located?
The Art Connection In Rhode Island is headquartered in Pawtucket, Rhode Island and files with the IRS under EIN 463770718. It is classified under NTEE code A26.
How many years of IRS 990 filings does The Art Connection In Rhode Island have?
The Art Connection In Rhode Island has 6 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 $81K in total revenue.
Filing History
IRS 990 filing history for The Art Connection In Rhode Island showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), The Art Connection In Rhode Island's revenue has declined by 3.3%, moving from $65K to $63K. Total assets decreased by 29.5% over the same period, from $54K to $38K. Total functional expenses rose by 37.4%, from $58K to $80K. In its most recent filing year (2023), The Art Connection In Rhode Island reported a deficit of $17K, with expenses exceeding revenue. The organization holds $5K in liabilities against $38K in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $33K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $80K | $38K | $5K | — | — |
| 2022 | $69K | $92K | $50K | $0 | — | View 990 |
| 2021 | $93K | $85K | $72K | $0 | — | — |
| 2020 | $73K | $71K | $65K | $900 | — | — |
| 2019 | $71K | $63K | $63K | $0 | — | View 990 |
| 2018 | $65K | $58K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $80K, and assets of $38K (revenue -9.1% year-over-year).
- 2022: Revenue of $69K, expenses of $92K, and assets of $50K (revenue -25.3% year-over-year).
- 2021: Revenue of $93K, expenses of $85K, and assets of $72K (revenue +28.2% year-over-year).
- 2020: Revenue of $73K, expenses of $71K, and assets of $65K (revenue +2.1% year-over-year).
- 2019: Revenue of $71K, expenses of $63K, and assets of $63K (revenue +8.8% year-over-year).
- 2018: Revenue of $65K, expenses of $58K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Art Connection In Rhode Island:
Data Sources and Methodology
This transparency report for The Art Connection In Rhode Island 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.