Wilson Arts Inc
Wilson Arts Inc shows fluctuating revenues and expenses, with a significant deficit in 2023, but maintains zero liabilities and officer compensation.
EIN: 202988518 · Oklahoma City, OK · NTEE: B112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $118K |
| Program Spending | 80% |
| Net Assets | $113K |
| Transparency Score | 75/100 |
Is Wilson Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilson Arts Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilson Arts Inc
Wilson Arts Inc (EIN: 202988518) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code B112. The organization reported total revenue of $114K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilson Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilson Arts Inc is a small nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $118K |
| Surplus / Deficit | $-44,362 |
| Total Assets | $113K |
| Net Assets | $113K |
| Operating Margin | -60.3% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2023, Wilson Arts Inc reported a deficit of $44K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2023), Wilson Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +173.6% | +583.2% | -32.8% |
| 2021 | -63.9% | -46.2% | +6.1% |
| 2020 | +49.1% | -12.2% | +36.7% |
| 2019 | -4.7% | -10.5% | +13.1% |
| 2018 | +54527.1% | +241.0% | +160.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Wilson Arts Inc with a Mission Score of 75 out of 100 (Good). 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, Wilson Arts 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 $44K, with expenses exceeding revenue.
Executive Compensation Analysis
Wilson Arts Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led organization, which is highly commendable for a nonprofit of its size.
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 Wilson Arts Inc's IRS 990 filings:
- Significant deficit in 2023 (expenses $117,938 vs. revenue $73,576)
- Highly fluctuating revenue and expense figures year-over-year, indicating potential instability in funding or program delivery.
Strengths
The following positive indicators were identified for Wilson Arts Inc:
- Consistent reporting of 0% officer compensation, indicating a volunteer-driven model and efficient use of funds for leadership.
- Zero liabilities reported across all filings, demonstrating strong financial management and no outstanding debt.
- Long-term growth in assets, from $54,714 in 2011 to $112,753 in 2023, providing a financial cushion.
Frequently Asked Questions about Wilson Arts Inc
Is Wilson Arts Inc a legitimate charity?
Wilson Arts Inc (EIN: 202988518) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 75/100. It has 8 years of IRS 990 filings on record. Total revenue: $114K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Wilson Arts Inc spend its money?
Wilson Arts Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wilson Arts Inc tax-deductible?
Wilson Arts Inc is registered as a tax-exempt nonprofit (EIN: 202988518). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wilson Arts Inc's spending goes to programs?
Wilson Arts Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wilson Arts Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Wilson Arts Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wilson Arts Inc located?
Wilson Arts Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 202988518. It is classified under NTEE code B112.
How many years of IRS 990 filings does Wilson Arts Inc have?
Wilson Arts Inc has 8 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 $114K in total revenue.
Is Wilson Arts Inc financially stable given the 2023 deficit?
While Wilson Arts Inc experienced a significant deficit in 2023 ($73,576 revenue vs. $117,938 expenses), its assets of $112,753 provide a buffer. However, sustained deficits could impact long-term stability.
How does Wilson Arts Inc fund its operations without officer compensation?
The organization appears to be largely volunteer-driven, as indicated by 0% officer compensation. Its operations are funded through various revenue streams, which have fluctuated significantly over the years, such as $74,497 in 2020 and $26,887 in 2021.
What caused the large expense increase in 2023?
The provided data does not detail the specific nature of expenses. In 2023, expenses were $117,938, a substantial increase from $17,263 in 2021, which warrants further investigation into program activities or operational costs.
Filing History
IRS 990 filing history for Wilson Arts Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Wilson Arts Inc's revenue has grown by 41.4%, moving from $52K to $74K. Total assets increased by 106.1% over the same period, from $55K to $113K. Total functional expenses rose by 15176.9%, from $772 to $118K. In its most recent filing year (2023), Wilson Arts Inc reported a deficit of $44K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $118K | $113K | $0 | — | — |
| 2021 | $27K | $17K | $168K | $0 | — | View 990 |
| 2020 | $74K | $32K | $158K | $0 | — | — |
| 2019 | $50K | $37K | $116K | $0 | — | View 990 |
| 2018 | $52K | $41K | $102K | $0 | — | View 990 |
| 2013 | $96 | $12K | $39K | $0 | — | View 990 |
| 2012 | $187 | $4K | $51K | $0 | — | View 990 |
| 2011 | $52K | $772 | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $118K, and assets of $113K (revenue +173.6% year-over-year).
- 2021: Revenue of $27K, expenses of $17K, and assets of $168K (revenue -63.9% year-over-year).
- 2020: Revenue of $74K, expenses of $32K, and assets of $158K (revenue +49.1% year-over-year).
- 2019: Revenue of $50K, expenses of $37K, and assets of $116K (revenue -4.7% year-over-year).
- 2018: Revenue of $52K, expenses of $41K, and assets of $102K (revenue +54527.1% year-over-year).
- 2013: Revenue of $96, expenses of $12K, and assets of $39K (revenue -48.7% year-over-year).
- 2012: Revenue of $187, expenses of $4K, and assets of $51K (revenue -99.6% year-over-year).
- 2011: Revenue of $52K, expenses of $772, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilson Arts Inc:
Data Sources and Methodology
This transparency report for Wilson 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.