Vessel For Arts
EIN: 453697190 · Alto, MI · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $424K |
| Net Assets | $43K |
Is Vessel For Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Vessel For Arts
Vessel For Arts (EIN: 453697190) is a nonprofit organization based in Alto, MI, classified under NTEE code P20. The organization reported total revenue of $417K and total assets of $100K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vessel For Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vessel For Arts is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $406K |
| Total Expenses | $424K |
| Surplus / Deficit | $-17,339 |
| Total Assets | $48K |
| Total Liabilities | $5K |
| Net Assets | $43K |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2024, Vessel For Arts reported a deficit of $17K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 12 years of filings (2013–2024), Vessel For Arts's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.7% | +16.7% | -28.1% |
| 2023 | +21.7% | +18.7% | +62.3% |
| 2022 | +269.2% | +249.6% | +50.8% |
| 2021 | -68.5% | -71.8% | +3.2% |
| 2020 | -25.5% | -11.5% | -58.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Vessel For Arts 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 Vessel For Arts 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.8%.
Frequently Asked Questions about Vessel For Arts
Is Vessel For Arts a legitimate charity?
Vessel For Arts (EIN: 453697190) is a registered tax-exempt nonprofit based in Michigan. It has 12 years of IRS 990 filings on record. Total revenue: $417K. No red flags identified. Financial health grade: C.
How does Vessel For Arts spend its money?
Vessel For Arts reported $417K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Vessel For Arts tax-deductible?
Vessel For Arts is registered as a tax-exempt nonprofit (EIN: 453697190). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Vessel For Arts located?
Vessel For Arts is headquartered in Alto, Michigan and files with the IRS under EIN 453697190. It is classified under NTEE code P20.
How many years of IRS 990 filings does Vessel For Arts have?
Vessel For Arts has 12 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.
Filing History
IRS 990 filing history for Vessel For Arts showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Vessel For Arts's revenue has grown by 38.8%, moving from $293K to $406K. Total assets increased by 94.3% over the same period, from $24K to $48K. Total functional expenses rose by 56.1%, from $271K to $424K. In its most recent filing year (2024), Vessel For Arts reported a deficit of $17K, with expenses exceeding revenue. The organization holds $5K in liabilities against $48K in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $406K | $424K | $48K | $5K | — | — |
| 2023 | $388K | $363K | $66K | $6K | — | View 990 |
| 2022 | $319K | $306K | $41K | $6K | — | View 990 |
| 2021 | $86K | $87K | $27K | $5K | — | — |
| 2020 | $274K | $310K | $26K | $3K | — | View 990 |
| 2019 | $368K | $350K | $63K | $2K | — | View 990 |
| 2018 | $371K | $335K | $48K | $4K | — | View 990 |
| 2017 | $305K | $282K | $10K | $1K | — | View 990 |
| 2016 | $301K | $322K | $3K | $18K | — | View 990 |
| 2015 | $281K | $286K | $9K | $2K | — | View 990 |
| 2014 | $287K | $290K | $17K | $5K | — | View 990 |
| 2013 | $293K | $271K | $24K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $406K, expenses of $424K, and assets of $48K (revenue +4.7% year-over-year).
- 2023: Revenue of $388K, expenses of $363K, and assets of $66K (revenue +21.7% year-over-year).
- 2022: Revenue of $319K, expenses of $306K, and assets of $41K (revenue +269.2% year-over-year).
- 2021: Revenue of $86K, expenses of $87K, and assets of $27K (revenue -68.5% year-over-year).
- 2020: Revenue of $274K, expenses of $310K, and assets of $26K (revenue -25.5% year-over-year).
- 2019: Revenue of $368K, expenses of $350K, and assets of $63K (revenue -0.8% year-over-year).
- 2018: Revenue of $371K, expenses of $335K, and assets of $48K (revenue +21.5% year-over-year).
- 2017: Revenue of $305K, expenses of $282K, and assets of $10K (revenue +1.3% year-over-year).
- 2016: Revenue of $301K, expenses of $322K, and assets of $3K (revenue +7.2% year-over-year).
- 2015: Revenue of $281K, expenses of $286K, and assets of $9K (revenue -2.0% year-over-year).
- 2014: Revenue of $287K, expenses of $290K, and assets of $17K (revenue -2.1% year-over-year).
- 2013: Revenue of $293K, expenses of $271K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vessel For Arts:
Data Sources and Methodology
This transparency report for Vessel For Arts 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.