Inner Arts Initiative Inc
Nonprofit profile at a glance
- EIN
- 462251045
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Nyack, NY, USA
- Phone
- 3474703786
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $96,178
- Expenses
- $107,505
- Assets
- $95,380
- Liabilities
- $4,848
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- CHRISTOPHER DINGMAN (PRESIDENT)
- BENJAMIN OPPENHEIM (VICE PRESIDENT)
People named in this filing
- CHRISTOPHER DINGMAN (PRESIDENT)
- ZANETA SYKES (SECRETARY)
- BENJAMIN OPPENHEIM (VICE PRESIDENT)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's primary purpose is to promote and advance greater knowledge and appreciation of the arts and to utilize artistic expression to promote better communication between disparate ideas and positions. The organization also promotes, through the arts and hrough muscial expression, real change in the world in the form of raising people's awareness of the world beyond themselves and encourages an expansion of preception, a greater degree of selfless behavior and compassion for all living beings.
What it reported doing in 2024
The organization sponsors educational workshops in cultural and community awarness, focusing on music as the art form/vehicle to promote real change in the world in the form of raising people awareness of the world beyond themseleves and encourging an expansion of preception, a greater degree of selfless behavior and compassion for all living beings. These workshops emphasize education and the creative process and feature artists of various types of music in isolation, or in combination forms. These workshops culiminate in an actual performance that the general public are able to experience.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -11.8%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 28.6%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 20.6% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $97K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- 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.
- High — Sustainability: Operating margin scored 29/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.