Xelias Aerial Arts Studio
Xelias Aerial Arts Studio consistently operates with minimal liabilities and no officer compensation, though recent years show operating deficits.
EIN: 203805150 · Minneapolis, MN · NTEE: A600 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $328K |
| Program Spending | 85% |
| Net Assets | $118K |
| Transparency Score | 88/100 |
Is Xelias Aerial Arts Studio Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Xelias Aerial Arts Studio directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Xelias Aerial Arts Studio
Xelias Aerial Arts Studio (EIN: 203805150) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A600. The organization reported total revenue of $310K and total assets of $113K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Xelias Aerial Arts Studio's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Xelias Aerial Arts Studio is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $292K |
| Total Expenses | $328K |
| Surplus / Deficit | $-35,412 |
| Total Assets | $118K |
| Net Assets | $118K |
| Operating Margin | -12.1% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2024, Xelias Aerial Arts Studio reported a deficit of $35K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2011–2024), Xelias Aerial Arts Studio's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.5% | +3.1% | -23.0% |
| 2023 | -21.0% | +7.6% | -26.6% |
| 2022 | +44.0% | +25.3% | -0.2% |
| 2021 | -17.7% | -15.1% | -2.4% |
| 2020 | -5.1% | +6.2% | +22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Xelias Aerial Arts Studio with a Mission Score of 88 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, Xelias Aerial Arts Studio 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a nonprofit of this 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 Xelias Aerial Arts Studio's IRS 990 filings:
- Operating deficits in recent years (202306 and 202406) where expenses exceeded revenue, requiring careful monitoring of financial sustainability.
Strengths
The following positive indicators were identified for Xelias Aerial Arts Studio:
- Consistent 0% officer compensation across all filings, demonstrating strong financial efficiency and mission focus.
- Minimal to zero liabilities reported in most periods, indicating sound financial management and low debt.
- Long and consistent IRS 990 filing history (14 filings), suggesting good transparency and compliance.
- Stable revenue generation over the past decade, indicating a consistent base of support for its operations.
Frequently Asked Questions about Xelias Aerial Arts Studio
Is Xelias Aerial Arts Studio a legitimate charity?
Based on AI analysis of IRS 990 filings, Xelias Aerial Arts Studio (EIN: 203805150) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Xelias Aerial Arts Studio spend its money?
Xelias Aerial Arts Studio directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Xelias Aerial Arts Studio tax-deductible?
Xelias Aerial Arts Studio is registered as a tax-exempt nonprofit (EIN: 203805150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Xelias Aerial Arts Studio's spending goes to programs?
Xelias Aerial Arts Studio directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Xelias Aerial Arts Studio compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Xelias Aerial Arts Studio is above average for NTEE category A600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Xelias Aerial Arts Studio located?
Xelias Aerial Arts Studio is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 203805150. It is classified under NTEE code A600.
How many years of IRS 990 filings does Xelias Aerial Arts Studio have?
Xelias Aerial Arts Studio has 14 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 $310K in total revenue.
Is Xelias Aerial Arts Studio a good charity?
Based on the available financial data, Xelias Aerial Arts Studio appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. While there have been periods of operating deficits, these have not led to significant liabilities, and the organization maintains a consistent filing history.
How has Xelias Aerial Arts Studio's financial health changed over time?
Xelias Aerial Arts Studio has shown consistent revenue and expense levels over the past decade. Assets peaked around $215,298 in 202006 and have since decreased to $112,659. Recent periods (202306 and 202406) show expenses exceeding revenue, indicating operating deficits, but liabilities remain low or zero.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, meaning no salaries are paid to its officers. This is a strong indicator of financial efficiency and a commitment to directing resources to program activities.
Filing History
IRS 990 filing history for Xelias Aerial Arts Studio showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Xelias Aerial Arts Studio's revenue has grown by 32.5%, moving from $221K to $292K. Total assets increased by 38.2% over the same period, from $86K to $118K. Total functional expenses rose by 86%, from $176K to $328K. In its most recent filing year (2024), Xelias Aerial Arts Studio reported a deficit of $35K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $292K | $328K | $118K | $0 | — | — |
| 2023 | $262K | $318K | $154K | $0 | — | View 990 |
| 2022 | $332K | $295K | $210K | $0 | — | View 990 |
| 2021 | $230K | $236K | $210K | $37K | — | View 990 |
| 2020 | $280K | $278K | $215K | $37K | — | View 990 |
| 2019 | $295K | $262K | $176K | $0 | — | View 990 |
| 2018 | $272K | $250K | $143K | $0 | — | View 990 |
| 2017 | $259K | $241K | $120K | $0 | — | View 990 |
| 2016 | $248K | $254K | $102K | $0 | — | View 990 |
| 2015 | $253K | $239K | $108K | $0 | — | View 990 |
| 2014 | $207K | $227K | $94K | $0 | — | View 990 |
| 2013 | $232K | $229K | $114K | $0 | — | View 990 |
| 2012 | $222K | $197K | $110K | $0 | — | View 990 |
| 2011 | $221K | $176K | $86K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $292K, expenses of $328K, and assets of $118K (revenue +11.5% year-over-year).
- 2023: Revenue of $262K, expenses of $318K, and assets of $154K (revenue -21.0% year-over-year).
- 2022: Revenue of $332K, expenses of $295K, and assets of $210K (revenue +44.0% year-over-year).
- 2021: Revenue of $230K, expenses of $236K, and assets of $210K (revenue -17.7% year-over-year).
- 2020: Revenue of $280K, expenses of $278K, and assets of $215K (revenue -5.1% year-over-year).
- 2019: Revenue of $295K, expenses of $262K, and assets of $176K (revenue +8.3% year-over-year).
- 2018: Revenue of $272K, expenses of $250K, and assets of $143K (revenue +5.2% year-over-year).
- 2017: Revenue of $259K, expenses of $241K, and assets of $120K (revenue +4.3% year-over-year).
- 2016: Revenue of $248K, expenses of $254K, and assets of $102K (revenue -1.9% year-over-year).
- 2015: Revenue of $253K, expenses of $239K, and assets of $108K (revenue +22.3% year-over-year).
- 2014: Revenue of $207K, expenses of $227K, and assets of $94K (revenue -10.9% year-over-year).
- 2013: Revenue of $232K, expenses of $229K, and assets of $114K (revenue +4.6% year-over-year).
- 2012: Revenue of $222K, expenses of $197K, and assets of $110K (revenue +0.5% year-over-year).
- 2011: Revenue of $221K, expenses of $176K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Xelias Aerial Arts Studio:
Data Sources and Methodology
This transparency report for Xelias Aerial Arts Studio 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.