Tri State Center For The Arts Inc
Tri State Center For The Arts Inc shows fluctuating annual financial performance with consistent 0% officer compensation.
EIN: 141729925 · Sharon, CT · NTEE: A400 · Updated: 2026-03-28
Is Tri State Center For The Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tri State Center For The Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tri State Center For The Arts Inc
Tri State Center For The Arts Inc (EIN: 141729925) is a nonprofit organization based in Sharon, CT, classified under NTEE code A400. The organization reported total revenue of $1.8M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri State Center For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tri State Center For The Arts 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Tri State Center For The Arts 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly unusual for an organization of its size with assets exceeding $2 million.
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 Tri State Center For The Arts Inc's IRS 990 filings:
- Significant year-over-year revenue and expense volatility, making financial forecasting challenging.
- Consistent 0% officer compensation for an organization of this size, which is highly unusual and warrants further investigation into leadership structure and compensation practices.
Strengths
The following positive indicators were identified for Tri State Center For The Arts Inc:
- Strong asset growth, increasing from $985,159 in 2020 to $2,372,173 in 202312, indicating financial accumulation.
- Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing executive overhead.
- Periods of significant financial surplus, such as in 2021 where revenue ($2,275,778) far exceeded expenses ($650,357).
Frequently Asked Questions about Tri State Center For The Arts Inc
Is Tri State Center For The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tri State Center For The Arts Inc (EIN: 141729925) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Tri State Center For The Arts Inc spend its money?
Tri State Center For The Arts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tri State Center For The Arts Inc tax-deductible?
Tri State Center For The Arts Inc is registered as a tax-exempt nonprofit (EIN: 141729925). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Tri State Center For The Arts Inc manage its significant year-to-year revenue and expense fluctuations?
The organization experiences considerable swings in both revenue and expenses, such as the large surplus in 2021 ($2.2M revenue vs. $650K expenses) compared to deficits in 202310 ($1.3M revenue vs. $1.4M expenses). Understanding the underlying causes and management strategies for these fluctuations would provide deeper insight into financial stability.
What is the source of the organization's revenue, given its NTEE code A400 (Arts, Culture & Humanities)?
With revenue reaching over $2 million in some years, it would be beneficial to know the primary sources, such as grants, ticket sales, donations, or other program service revenue, to assess sustainability and donor reliance.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with assets over $2 million and annual expenses often exceeding $1 million. This raises questions about how leadership is compensated, if at all, or if key roles are filled by volunteers or through other arrangements not reflected as officer compensation.
Filing History
IRS 990 filing history for Tri State Center For The Arts Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Tri State Center For The Arts Inc's revenue has declined by 79%, moving from $713K to $150K. Total assets increased by 99.6% over the same period, from $1.2M to $2.4M. Total functional expenses fell by 80.1%, from $733K to $146K. In its most recent filing year (2023), Tri State Center For The Arts Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $325K in liabilities against $2.4M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $146K | $2.4M | $325K | — | — |
| 2023 | $1.3M | $1.5M | $2.4M | $377K | — | — |
| 2022 | $913K | $971K | $2.5M | $334K | — | View 990 |
| 2021 | $2.3M | $650K | $2.6M | $330K | — | View 990 |
| 2020 | $533K | $532K | $985K | $380K | — | — |
| 2019 | $891K | $956K | $981K | $377K | — | View 990 |
| 2018 | $963K | $935K | $1.1M | $397K | — | View 990 |
| 2017 | $878K | $994K | $1.0M | $403K | — | — |
| 2016 | $715K | $932K | $1.0M | $290K | — | View 990 |
| 2015 | $837K | $930K | $1.1M | $122K | — | View 990 |
| 2014 | $772K | $784K | $1.2M | $86K | — | View 990 |
| 2013 | $828K | $766K | $1.2M | $104K | — | View 990 |
| 2012 | $615K | $724K | $1.1M | $107K | — | View 990 |
| 2011 | $713K | $733K | $1.2M | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $146K, and assets of $2.4M (revenue -88.9% year-over-year).
- 2023: Revenue of $1.3M, expenses of $1.5M, and assets of $2.4M (revenue +47.8% year-over-year).
- 2022: Revenue of $913K, expenses of $971K, and assets of $2.5M (revenue -59.9% year-over-year).
- 2021: Revenue of $2.3M, expenses of $650K, and assets of $2.6M (revenue +326.6% year-over-year).
- 2020: Revenue of $533K, expenses of $532K, and assets of $985K (revenue -40.2% year-over-year).
- 2019: Revenue of $891K, expenses of $956K, and assets of $981K (revenue -7.5% year-over-year).
- 2018: Revenue of $963K, expenses of $935K, and assets of $1.1M (revenue +9.7% year-over-year).
- 2017: Revenue of $878K, expenses of $994K, and assets of $1.0M (revenue +22.8% year-over-year).
- 2016: Revenue of $715K, expenses of $932K, and assets of $1.0M (revenue -14.6% year-over-year).
- 2015: Revenue of $837K, expenses of $930K, and assets of $1.1M (revenue +8.5% year-over-year).
- 2014: Revenue of $772K, expenses of $784K, and assets of $1.2M (revenue -6.8% year-over-year).
- 2013: Revenue of $828K, expenses of $766K, and assets of $1.2M (revenue +34.7% year-over-year).
- 2012: Revenue of $615K, expenses of $724K, and assets of $1.1M (revenue -13.8% year-over-year).
- 2011: Revenue of $713K, expenses of $733K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Tri State Center For The Arts 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.