Arthentic Arts Incorporated
Nonprofit profile at a glance
- EIN
- 872703122
- IRS 990-EZ coverage
- 2021–2023
- Forms available
- Form 990-EZ 2023
- Location
- Indianapolis, IN, USA
- Phone
- 3179340402
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $68,000
- Expenses
- $13,994
- Assets
- $54,006
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- Arneetrice Rias Thompson (Director)
- Ayanna Peteet (Director)
- Arielle Ezechukwu (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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Arthentic Arts is a charitable organization.
What it reported doing in 2023
During 2023, Arthentic Arts, Inc. was able to execute programming for the year that served and leveraged creatives and artists of multi-discipline offering resources and development. We completed 24 activities over the course of year. For 2023 we executed programming that served artists and the communities that lack access to the arts, and fall below the median average household income, as well as communities that have the highest population of African Americans in Indiana such as Marion and Lake county. Our efforts in Indianapolis reached all surrounding counties, but we target the underserved areas of district 7 in the Mid-North neighborhood; the Martindale- Brightwood neighborhood as well as the Eastside communities that fall below the average median of household income that meets or fall below the poverty line; and the Westside of Indianapolis that fall below the average median of household income that meets or fall below the poverty line. We completed a schedule of workshops for artist support, provided resources such as a monthly resource guide programming, and curated community exhibits and events provide access to the arts for our underserved communities serving 15681 people in 2023. Our program and services including developing a new artist residency program, and exhibition, development workshop series, resource guides, artist development sessions. We received operational support, and funding to develop a mentorship program for the upcoming year. Organization is still currently volunteer ran, donated time and services from members/directors.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 82
- Sustainability: 84
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 22.1%; rating input score 22
- 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: Limited
Sustainability
- Operating margin: 79.4%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 3.86; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 117.5% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 112.9% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 147.2% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 22.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $15K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2021 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 22/100.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 56/100.