Visual Arts Exchange
EIN: 561287429 · Raleigh, NC · NTEE: A510
| Metric | Value |
|---|---|
| Total Revenue | $244K |
| Total Expenses | $395K |
| Net Assets | $311K |
Is Visual Arts Exchange Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Visual Arts Exchange
Visual Arts Exchange (EIN: 561287429) is a nonprofit organization based in Raleigh, NC, classified under NTEE code A510. The organization reported total revenue of $244K and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visual Arts Exchange's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Visual Arts Exchange is a small nonprofit that has been operating for 45 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $490K |
| Total Expenses | $395K |
| Surplus / Deficit | +$95K |
| Total Assets | $628K |
| Total Liabilities | $317K |
| Net Assets | $311K |
| Operating Margin | 19.3% |
| Debt-to-Asset Ratio | 50.5% |
| Months of Reserves | 19.0 months |
Financial Health Grade: A
In 2023, Visual Arts Exchange reported a surplus of $95K with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 50.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Visual Arts Exchange's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.5% | -11.9% | +160.7% |
| 2022 | -52.5% | -0.1% | -37.0% |
| 2021 | +3.1% | -22.1% | +74.9% |
| 2020 | +15.3% | +7.5% | +55.3% |
| 2019 | +9.2% | +8.7% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Visual Arts Exchange 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 Visual Arts Exchange 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 surplus of $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.5%.
Frequently Asked Questions about Visual Arts Exchange
Is Visual Arts Exchange a legitimate charity?
Visual Arts Exchange (EIN: 561287429) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $244K. No red flags identified. Financial health grade: A.
How does Visual Arts Exchange spend its money?
Visual Arts Exchange reported $244K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Visual Arts Exchange tax-deductible?
Visual Arts Exchange is registered as a tax-exempt nonprofit (EIN: 561287429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Visual Arts Exchange located?
Visual Arts Exchange is headquartered in Raleigh, North Carolina and files with the IRS under EIN 561287429. It is classified under NTEE code A510.
How many years of IRS 990 filings does Visual Arts Exchange have?
Visual Arts Exchange 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 $244K in total revenue.
Filing History
IRS 990 filing history for Visual Arts Exchange showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Visual Arts Exchange's revenue has grown by 54.7%, moving from $317K to $490K. Total assets increased by 312% over the same period, from $152K to $628K. Total functional expenses rose by 15.6%, from $342K to $395K. In its most recent filing year (2023), Visual Arts Exchange reported a surplus of $95K, with revenue exceeding expenses. The organization holds $317K in liabilities against $628K in assets (debt-to-asset ratio: 50.5%), resulting in net assets of $311K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $490K | $395K | $628K | $317K | — | View 990 |
| 2022 | $304K | $449K | $241K | $29K | — | View 990 |
| 2021 | $639K | $449K | $382K | $25K | — | — |
| 2020 | $619K | $577K | $218K | $51K | — | View 990 |
| 2019 | $537K | $537K | $141K | $16K | — | View 990 |
| 2018 | $492K | $494K | $138K | $13K | — | — |
| 2017 | $421K | $410K | $149K | $23K | — | View 990 |
| 2016 | $379K | $394K | $154K | $39K | — | View 990 |
| 2015 | $366K | $359K | $161K | $30K | — | View 990 |
| 2014 | $344K | $339K | $166K | $42K | — | View 990 |
| 2013 | $320K | $334K | $132K | $13K | — | View 990 |
| 2012 | $317K | $342K | $152K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $490K, expenses of $395K, and assets of $628K (revenue +61.5% year-over-year).
- 2022: Revenue of $304K, expenses of $449K, and assets of $241K (revenue -52.5% year-over-year).
- 2021: Revenue of $639K, expenses of $449K, and assets of $382K (revenue +3.1% year-over-year).
- 2020: Revenue of $619K, expenses of $577K, and assets of $218K (revenue +15.3% year-over-year).
- 2019: Revenue of $537K, expenses of $537K, and assets of $141K (revenue +9.2% year-over-year).
- 2018: Revenue of $492K, expenses of $494K, and assets of $138K (revenue +17.0% year-over-year).
- 2017: Revenue of $421K, expenses of $410K, and assets of $149K (revenue +10.9% year-over-year).
- 2016: Revenue of $379K, expenses of $394K, and assets of $154K (revenue +3.7% year-over-year).
- 2015: Revenue of $366K, expenses of $359K, and assets of $161K (revenue +6.3% year-over-year).
- 2014: Revenue of $344K, expenses of $339K, and assets of $166K (revenue +7.6% year-over-year).
- 2013: Revenue of $320K, expenses of $334K, and assets of $132K (revenue +0.9% year-over-year).
- 2012: Revenue of $317K, expenses of $342K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Visual Arts Exchange:
Data Sources and Methodology
This transparency report for Visual Arts Exchange 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.