Visual Arts Research & Resource Ctr Relating To The Caribbean Inc
Visual Arts Research & Resource Ctr maintains strong assets with no reported officer compensation, despite recent operating deficits.
EIN: 133054001 · New York, NY · NTEE: A230 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.3M |
| Program Spending | 80% |
| Net Assets | $10.0M |
| Transparency Score | 85/100 |
Is Visual Arts Research & Resource Ctr Relating To The Caribbean Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Visual Arts Research & Resource Ctr Relating To The Caribbean Inc
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc (EIN: 133054001) is a nonprofit organization based in New York, NY, classified under NTEE code A230. The organization reported total revenue of $2.5M and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visual Arts Research & Resource Ctr Relating To The Caribbean Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-147,636 |
| Total Assets | $11.4M |
| Total Liabilities | $1.4M |
| Net Assets | $10.0M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 58.4 months |
Financial Health Grade: B
In 2023, Visual Arts Research & Resource Ctr Relating To The Caribbean Inc reported a deficit of $148K with expenses exceeding revenue, holds 58.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Visual Arts Research & Resource Ctr Relating To The Caribbean Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +12.5% | +11.2% |
| 2022 | -5.2% | +16.4% | -1.8% |
| 2021 | -1.2% | +24.6% | +1.0% |
| 2020 | +57.2% | -5.5% | +7.2% |
| 2019 | +13.3% | -0.3% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Visual Arts Research & Resource Ctr Relating To The Caribbean 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, Visual Arts Research & Resource Ctr Relating To The Caribbean 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $148K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for financial transparency and resource allocation.
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 Visual Arts Research & Resource Ctr Relating To The Caribbean Inc's IRS 990 filings:
- Expenses exceeded revenue in recent periods (e.g., 2023 and 2022), indicating reliance on reserves or other funding sources to cover operational costs.
Strengths
The following positive indicators were identified for Visual Arts Research & Resource Ctr Relating To The Caribbean Inc:
- Strong and growing asset base, reaching over $11 million, providing financial stability.
- Consistent reporting of 0% officer compensation across all filings, indicating high transparency and efficient use of funds.
- Long history of IRS 990 filings (13 filings), demonstrating sustained operation and accountability.
- Significant revenue generation in past years (e.g., $9.8 million in 2017) contributing to its robust financial position.
Frequently Asked Questions about Visual Arts Research & Resource Ctr Relating To The Caribbean Inc
Is Visual Arts Research & Resource Ctr Relating To The Caribbean Inc a legitimate charity?
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc (EIN: 133054001) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Visual Arts Research & Resource Ctr Relating To The Caribbean Inc spend its money?
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Visual Arts Research & Resource Ctr Relating To The Caribbean Inc tax-deductible?
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc is registered as a tax-exempt nonprofit (EIN: 133054001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Visual Arts Research & Resource Ctr Relating To The Caribbean Inc's spending goes to programs?
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Visual Arts Research & Resource Ctr Relating To The Caribbean Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Visual Arts Research & Resource Ctr Relating To The Caribbean Inc is above average for NTEE category A230 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Visual Arts Research & Resource Ctr Relating To The Caribbean Inc located?
Visual Arts Research & Resource Ctr Relating To The Caribbean Inc is headquartered in New York, New York and files with the IRS under EIN 133054001. It is classified under NTEE code A230.
How many years of IRS 990 filings does Visual Arts Research & Resource Ctr Relating To The Caribbean Inc have?
Visual Arts Research & Resource Ctr Relating To The Caribbean 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 $2.5M in total revenue.
Is Visual Arts Research & Resource Ctr Relating To The Caribbean Inc a good charity?
Based on the available data, the organization appears to be a good charity. It has a strong asset base of over $11 million, a long history of IRS filings, and notably reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has the organization's financial health changed over time?
The organization has shown significant growth in assets, from $1.9 million in 2016 to over $11 million currently. While revenue has fluctuated, including a peak of nearly $10 million in 2017, it has maintained a strong financial position, though recent years show expenses slightly exceeding revenue.
What is the significance of 0% officer compensation?
0% officer compensation is a significant positive indicator. It suggests that the organization's top leadership is either unpaid volunteers or compensated through non-officer roles, which means more of the donated funds are directly available for program activities rather than executive salaries.
Filing History
IRS 990 filing history for Visual Arts Research & Resource Ctr Relating To The Caribbean Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Visual Arts Research & Resource Ctr Relating To The Caribbean Inc's revenue has grown by 309.2%, moving from $536K to $2.2M. Total assets increased by 781.7% over the same period, from $1.3M to $11.4M. Total functional expenses rose by 274.5%, from $625K to $2.3M. In its most recent filing year (2023), Visual Arts Research & Resource Ctr Relating To The Caribbean Inc reported a deficit of $148K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $11.4M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.3M | $11.4M | $1.4M | — | — |
| 2022 | $1.9M | $2.1M | $10.2M | $125K | — | View 990 |
| 2021 | $2.0M | $1.8M | $10.4M | $123K | — | View 990 |
| 2020 | $2.0M | $1.4M | $10.3M | $211K | — | View 990 |
| 2019 | $1.3M | $1.5M | $9.6M | $92K | — | View 990 |
| 2018 | $1.1M | $1.5M | $9.9M | $142K | — | View 990 |
| 2017 | $9.8M | $1.4M | $10.6M | $407K | — | View 990 |
| 2016 | $681K | $1.0M | $1.9M | $144K | — | View 990 |
| 2015 | $963K | $893K | $2.4M | $244K | — | View 990 |
| 2014 | $851K | $710K | $2.3M | $170K | — | View 990 |
| 2013 | $308K | $901K | $2.1M | $180K | — | View 990 |
| 2012 | $3.0M | $673K | $2.6M | $33K | — | View 990 |
| 2011 | $536K | $625K | $1.3M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.3M, and assets of $11.4M (revenue +16.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.1M, and assets of $10.2M (revenue -5.2% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.8M, and assets of $10.4M (revenue -1.2% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.4M, and assets of $10.3M (revenue +57.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $9.6M (revenue +13.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.5M, and assets of $9.9M (revenue -88.5% year-over-year).
- 2017: Revenue of $9.8M, expenses of $1.4M, and assets of $10.6M (revenue +1344.0% year-over-year).
- 2016: Revenue of $681K, expenses of $1.0M, and assets of $1.9M (revenue -29.3% year-over-year).
- 2015: Revenue of $963K, expenses of $893K, and assets of $2.4M (revenue +13.1% year-over-year).
- 2014: Revenue of $851K, expenses of $710K, and assets of $2.3M (revenue +176.0% year-over-year).
- 2013: Revenue of $308K, expenses of $901K, and assets of $2.1M (revenue -89.6% year-over-year).
- 2012: Revenue of $3.0M, expenses of $673K, and assets of $2.6M (revenue +451.5% year-over-year).
- 2011: Revenue of $536K, expenses of $625K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Visual Arts Research & Resource Ctr Relating To The Caribbean Inc:
Data Sources and Methodology
This transparency report for Visual Arts Research & Resource Ctr Relating To The Caribbean 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.