Art of Culture Inc

Nonprofit profile at a glance

EIN: 455524316
IRS 990-EZ coverage: 2014–2022
Forms available: Form 990 2015, Form 990-EZ 2022, Form 990-N 2013
Location: Chicago, IL, USA
Rating: 86
Verdict: STRONG
Rating confidence: Moderate
Sector: Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue: $73,994
Expenses: $60,861
Assets: $13,439

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

Heather Smith (Executive Director)
Che Smith (President)

People named in this filing

Heather Smith (Executive Director)
Che Smith (President)
Eric Matteson (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide art and music instruction.

What it reported doing in 2022

Provided art and music instruction to the youth of Chicago

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 89
Transparency & Controls: 100
Sustainability: 39
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 82.3%; rating input score 82
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: 17.7%; rating input score 70; 70th percentile among comparable filings
Total-asset coverage ratio: 0.22; rating input score 16; 16th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 11.5%; rating input score 10; 10th percentile among comparable filings

Growth

Program expense growth: -11.1% per year; rating input score 0; 28th percentile among comparable filings
Revenue growth: -16.7% per year; rating input score 0; 19th percentile among comparable filings
Asset growth: -11.1% per year; rating input score 0; 15th percentile among comparable filings

Details

Where the money goes: 82.3% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $61K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 7 of 7 current checks pass
Schedules: 3 filed schedules
Filing history: 7 filing years from 2014 to 2022
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 16/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 10/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.