The Barn Studio Of Art Inc
The Barn Studio Of Art Inc consistently operates with no reported officer compensation and maintains a stable financial position.
EIN: 10896176 · Millville, NJ · NTEE: A25 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $141K |
| Program Spending | 90% |
| Net Assets | $36K |
| Transparency Score | 92/100 |
Is The Barn Studio Of Art Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Barn Studio Of Art Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Barn Studio Of Art Inc
The Barn Studio Of Art Inc (EIN: 10896176) is a nonprofit organization based in Millville, NJ, classified under NTEE code A25. The organization reported total revenue of $214K and total assets of $87K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Barn Studio Of Art Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Barn Studio Of Art Inc is a small 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 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $141K |
| Total Expenses | $141K |
| Surplus / Deficit | +$788 |
| Total Assets | $36K |
| Net Assets | $36K |
| Operating Margin | 0.6% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2023, The Barn Studio Of Art Inc reported a surplus of $788 with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), The Barn Studio Of Art Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.9% | -17.8% | +2.2% |
| 2022 | +86.0% | +74.5% | +27.5% |
| 2021 | -1.3% | +6.8% | -6.5% |
| 2020 | -29.1% | -32.6% | +23.0% |
| 2019 | +17.8% | +18.6% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 The Barn Studio Of Art Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Barn Studio Of Art Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $788, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for directing resources to its mission given its modest 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.
Strengths
The following positive indicators were identified for The Barn Studio Of Art Inc:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs.
- No reported liabilities in recent years, demonstrating strong financial health and responsible management.
- Revenues consistently meet or exceed expenses, ensuring operational sustainability.
- Regular and extensive IRS 990 filing history (13 filings), indicating strong transparency.
- Growth in assets over time, suggesting prudent financial stewardship and building reserves.
Frequently Asked Questions about The Barn Studio Of Art Inc
Is The Barn Studio Of Art Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Barn Studio Of Art Inc (EIN: 10896176) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does The Barn Studio Of Art Inc spend its money?
The Barn Studio Of Art Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Barn Studio Of Art Inc tax-deductible?
The Barn Studio Of Art Inc is registered as a tax-exempt nonprofit (EIN: 10896176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Barn Studio Of Art Inc's spending goes to programs?
The Barn Studio Of Art Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Barn Studio Of Art Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Barn Studio Of Art Inc 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 The Barn Studio Of Art Inc located?
The Barn Studio Of Art Inc is headquartered in Millville, New Jersey and files with the IRS under EIN 10896176. It is classified under NTEE code A25.
How many years of IRS 990 filings does The Barn Studio Of Art Inc have?
The Barn Studio Of Art Inc 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 $214K in total revenue.
Is The Barn Studio Of Art Inc a good charity?
Based on the available IRS 990 data, The Barn Studio Of Art Inc appears to be a good charity. It consistently operates with 0% officer compensation, maintains financial stability with revenues generally exceeding expenses, and has no reported liabilities in recent years, all of which are strong indicators of responsible financial management and dedication to its mission.
How does The Barn Studio Of Art Inc manage its finances?
The organization manages its finances prudently, consistently generating revenues that meet or exceed expenses, as seen in 2023 with $141,423 in revenue and $140,635 in expenses. It has also maintained a healthy asset base, growing from $29,786 in 2020 to $36,316 in 2023, and has reported no liabilities in recent filings, indicating strong fiscal health.
What is the trend in The Barn Studio Of Art Inc's revenue and expenses?
The Barn Studio Of Art Inc's revenue and expenses have fluctuated but generally show a pattern of revenue slightly exceeding expenses. For example, in 2023, revenue was $141,423 and expenses were $140,635. While there was a dip in revenue in 2021 ($96,133), the organization has consistently managed to cover its operational costs.
Filing History
IRS 990 filing history for The Barn Studio Of Art Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Barn Studio Of Art Inc's revenue has grown by 10.2%, moving from $128K to $141K. Total assets decreased by 23.6% over the same period, from $48K to $36K. Total functional expenses rose by 30.2%, from $108K to $141K. In its most recent filing year (2023), The Barn Studio Of Art Inc reported a surplus of $788, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $141K | $141K | $36K | $0 | — | — |
| 2022 | $179K | $171K | $36K | $0 | — | — |
| 2021 | $96K | $98K | $28K | $0 | — | View 990 |
| 2020 | $97K | $92K | $30K | $0 | — | View 990 |
| 2019 | $137K | $136K | $24K | $0 | — | View 990 |
| 2018 | $117K | $115K | $23K | $0 | — | View 990 |
| 2017 | $131K | $124K | $21K | $0 | — | — |
| 2016 | $98K | $119K | $17K | $3K | — | View 990 |
| 2015 | $122K | $114K | $38K | $3K | — | View 990 |
| 2014 | $118K | $119K | $30K | $3K | — | View 990 |
| 2013 | $114K | $116K | $31K | $4K | — | View 990 |
| 2012 | $116K | $129K | $33K | $4K | — | View 990 |
| 2011 | $128K | $108K | $48K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $141K, expenses of $141K, and assets of $36K (revenue -20.9% year-over-year).
- 2022: Revenue of $179K, expenses of $171K, and assets of $36K (revenue +86.0% year-over-year).
- 2021: Revenue of $96K, expenses of $98K, and assets of $28K (revenue -1.3% year-over-year).
- 2020: Revenue of $97K, expenses of $92K, and assets of $30K (revenue -29.1% year-over-year).
- 2019: Revenue of $137K, expenses of $136K, and assets of $24K (revenue +17.8% year-over-year).
- 2018: Revenue of $117K, expenses of $115K, and assets of $23K (revenue -10.7% year-over-year).
- 2017: Revenue of $131K, expenses of $124K, and assets of $21K (revenue +33.3% year-over-year).
- 2016: Revenue of $98K, expenses of $119K, and assets of $17K (revenue -19.7% year-over-year).
- 2015: Revenue of $122K, expenses of $114K, and assets of $38K (revenue +3.8% year-over-year).
- 2014: Revenue of $118K, expenses of $119K, and assets of $30K (revenue +3.1% year-over-year).
- 2013: Revenue of $114K, expenses of $116K, and assets of $31K (revenue -1.9% year-over-year).
- 2012: Revenue of $116K, expenses of $129K, and assets of $33K (revenue -9.5% year-over-year).
- 2011: Revenue of $128K, expenses of $108K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Barn Studio Of Art Inc:
Data Sources and Methodology
This transparency report for The Barn Studio Of Art 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.