Artphilly

Nonprofit profile at a glance

EIN
331289358
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2673378755
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$2,735,640
Expenses
$919,904
Assets
$2,389,925
Liabilities
$574,189

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • KATHERINE SACHS (PRESIDENT)

People named in this filing

  • KATHERINE SACHS (PRESIDENT)
  • WILLIAM ADAIR (CREATIVE & ED, TREASURER)
  • JOHN MCINERNEY (SECRETARY)

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

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of artphilly is to amplify philadelphia's arts and culture by commissioning, presenting, producing, and promoting art of all kinds for local audiences and the world. Its vision is to spotlight(continued on schedule o)the city of philadelphia as a globally recognized hub for arts and culture, celebrated for its vibrant creative communities and diverse artistic expressions.

What it reported doing in 2024

Our programming supports our mission to strengthen philadelphia's arts and culture by presenting, producing, and promoting various art forms for both local and global audiences. We are dedicated to presenting the full breadth of philadelphia's creative expressions while advancing equity and economic inclusion for the region's diverse artists and arts organizations. This is achieved through our core values: (a) transparency: creating connections that are genuine and built on trust, (b) collaboration: fueling collective creativity and engaging diverse talents, (c) equity: practicing respectful and positive recognition and understanding, and (d) excellence: striving with integrity for the highest standards.

Operating model

Revenue model
Donor-supported. 84% 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

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 92
  • Accountability: 81
  • Sustainability: 81
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.3%; rating input score 23
  • Program expense ratio: 69.2%; rating input score 69
  • Fundraising efficiency: $33.14 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 66.4%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 2.6; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 23.3% of revenue deployed · 69.2% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $637K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 23/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.