The Niagara Arts & Cultural Center Inc

Niagara Arts & Cultural Center shows recent revenue growth and no reported officer compensation.

EIN: 141828590 · Niagara Falls, NY · NTEE: A20 · Updated: 2026-03-28

$2.2MRevenue

$3.3MAssets

85/100Mission Score (Excellent)

A20

About The Niagara Arts & Cultural Center Inc

The Niagara Arts & Cultural Center Inc (EIN: 141828590) is a nonprofit organization based in Niagara Falls, NY, classified under NTEE code A20. The organization reported total revenue of $2.2M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Niagara Arts & Cultural Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Niagara Arts & Cultural Center Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its filing history. While revenue and expenses have fluctuated, the organization has shown growth in its latest reported period (202312), with revenue of $582,693 exceeding expenses of $570,017, indicating a positive operating margin. The organization's assets have also seen a significant increase, reaching $2,031,878 in 202312, up from $1,642,539 in 202212, suggesting effective asset management or successful capital campaigns.

Spending efficiency appears reasonable given the available data, though a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary. However, the consistent reporting of 0% officer compensation across all filings is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances the organization's appeal to donors concerned about overhead.

The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and financial transparency. The absence of officer compensation further reinforces this transparency, as it suggests a volunteer-led or very lean executive structure, which is often viewed favorably by watchdogs and donors. Overall, the financial health appears sound, with positive trends in recent years.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Niagara Arts & Cultural Center Inc with a Mission Score of 85 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, The Niagara Arts & Cultural Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 13 filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for directing funds to programs.

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 Niagara Arts & Cultural Center Inc:

Consistent 0% officer compensation reported across all filings, indicating high efficiency and dedication to mission.
Positive operating margin in the latest filing (202312), with revenue exceeding expenses.
Significant growth in assets, reaching over $2 million in 202312.
Consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Strong asset-to-liability ratio, indicating good financial health.

Frequently Asked Questions about The Niagara Arts & Cultural Center Inc

Is The Niagara Arts & Cultural Center Inc. financially stable?

Yes, the organization appears financially stable. Its assets have consistently exceeded liabilities, reaching $2,031,878 in 202312 against liabilities of $857,730. Recent filings also show positive operating margins, such as in 202312 where revenue ($582,693) exceeded expenses ($570,017).

How does the organization manage executive compensation?

The organization reports 0% officer compensation across all 13 available IRS 990 filings, suggesting a volunteer-led executive structure or that executive roles are compensated through non-officer categories, which is a strong indicator of efficiency and dedication to mission.

Has the organization's revenue been growing?

After some fluctuations, the organization has shown significant revenue growth in its latest filing, reporting $582,693 in 202312, a substantial increase from $456,778 in 202212 and $328,436 in 202012.

What is the trend in the organization's assets?

The organization's assets have shown a positive trend, increasing from $1,642,539 in 202212 to $2,031,878 in 202312, indicating growth in its financial resources.

Filing History

IRS 990 filing history for The Niagara Arts & Cultural Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), The Niagara Arts & Cultural Center Inc's revenue has grown by 57.2%, moving from $371K to $583K. Total assets increased by 31.3% over the same period, from $1.5M to $2.0M. Total functional expenses rose by 44.9%, from $393K to $570K. In its most recent filing year (2023), The Niagara Arts & Cultural Center Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $858K in liabilities against $2.0M in assets (debt-to-asset ratio: 42.2%), resulting in net assets of $1.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$583K	$570K	$2.0M	$858K	—	—
2022	$457K	$584K	$1.6M	$481K	—	View 990
2021	$455K	$432K	$1.8M	$522K	—	View 990
2020	$328K	$366K	$1.7M	$455K	—	View 990
2019	$352K	$417K	$1.6M	$287K	—	View 990
2018	$388K	$431K	$1.5M	$141K	—	View 990
2017	$358K	$403K	$1.6M	$169K	—	View 990
2016	$398K	$385K	$1.6M	$172K	—	View 990
2015	$371K	$330K	$1.6M	$161K	—	View 990
2014	$457K	$339K	$1.6M	$232K	—	View 990
2013	$346K	$366K	$1.5M	$186K	—	View 990
2012	$305K	$338K	$1.5M	$198K	—	View 990
2011	$371K	$393K	$1.5M	$210K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $583K, expenses of $570K, and assets of $2.0M (revenue +27.6% year-over-year).
2022: Revenue of $457K, expenses of $584K, and assets of $1.6M (revenue +0.3% year-over-year).
2021: Revenue of $455K, expenses of $432K, and assets of $1.8M (revenue +38.6% year-over-year).
2020: Revenue of $328K, expenses of $366K, and assets of $1.7M (revenue -6.8% year-over-year).
2019: Revenue of $352K, expenses of $417K, and assets of $1.6M (revenue -9.1% year-over-year).
2018: Revenue of $388K, expenses of $431K, and assets of $1.5M (revenue +8.3% year-over-year).
2017: Revenue of $358K, expenses of $403K, and assets of $1.6M (revenue -10.1% year-over-year).
2016: Revenue of $398K, expenses of $385K, and assets of $1.6M (revenue +7.4% year-over-year).
2015: Revenue of $371K, expenses of $330K, and assets of $1.6M (revenue -18.8% year-over-year).
2014: Revenue of $457K, expenses of $339K, and assets of $1.6M (revenue +32.1% year-over-year).
2013: Revenue of $346K, expenses of $366K, and assets of $1.5M (revenue +13.5% year-over-year).
2012: Revenue of $305K, expenses of $338K, and assets of $1.5M (revenue -17.8% year-over-year).
2011: Revenue of $371K, expenses of $393K, and assets of $1.5M.

Data Sources and Methodology

This transparency report for The Niagara Arts & Cultural 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.