Loveworks Academy For Visual & Performing Arts
Only null% goes to programs Thin reserves
Loveworks Academy For Visual & Performing Arts is a 501(c)(3) organization based in Golden Valley, Minnesota, registered in 2010, with $2,776,516 in FY2023 revenue. CharityIndex grades it D.
2225 Zenith Ave N, Golden Valley, MN, 55422 EIN 75-3155906 Since 2010
Revenue (FY2023)
$2.8M
▲ 1.7% vs prior year
Education median: $200K
Expenses (FY2023)
$3.0M
Net assets
-$1.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Loveworks Academy For Visual & Performing Arts— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Loveworks Academy For Visual & Performing Arts: 0 mo reserves · -8% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Loveworks Academy For Visual & Performing Arts— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Loveworks Academy For Visual & Performing Arts: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2225 Zenith Ave N, Golden Valley, MN, 55422
- City
- Golden Valley
- State
- Minnesota
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Website
- …
Financial trends
Revenue declined from $2.9M (FY2013) to $2.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2.3MNet assets -$1.5M
Operating margin
-8.4%
Spent more than it raised in the latest fiscal year.
Total assets
$806K
Total liabilities
$2.3M
Net assets
-$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,776,516▲1.7% | $3,008,714▲1.7% | -$1,469,312▼18.8% | $805,654▼39.7% | 990 |
| 2022 | $2,729,133▼32.4% | $2,957,540▼0.4% | -$1,237,114▼22.6% | $1,336,977▼20.1% | 990 |
| 2021 | $4,035,921▲49.5% | $2,970,874▲14.7% | -$1,008,707▲51.4% | $1,672,302▲37.4% | 990 |
| 2020 | $2,698,924▼1.8% | $2,591,187▼9.1% | -$2,073,754▲6.8% | $1,217,250▼28.0% | 990 |
| 2019 | $2,748,279▼13.6% | $2,849,796▼18.5% | -$2,224,363▼10.7% | $1,690,907▼12.8% | 990 |
| 2018 | $3,181,512▼0.6% | $3,496,780▼6.3% | -$2,009,505▼1.4% | $1,939,999▼29.1% | 990 |
| 2017 | $3,200,611▼5.8% | $3,733,075▼3.7% | -$1,981,116▼36.8% | $2,735,609▼24.6% | 990 |
| 2016 | $3,397,734▲5.7% | $3,878,507▲23.1% | -$1,448,652▼49.7% | $3,627,429▲252% | 990 |
| 2015 | $3,215,429▼2.6% | $3,149,638▲0.8% | -$967,879▲10.5% | $1,030,610▲48.2% | 990 |
| 2014 | $3,300,043▲13.3% | $3,125,732▲12.1% | -$1,081,451▼1588% | $695,561▲70.8% | 990 |
| 2013 | $2,911,614 | $2,787,645▲12.6% | $72,663▲242% | $407,251▼0.9% | 990 |
| 2012 | — | $2,475,294▼3.5% | -$51,306▼153% | $411,006▼53.6% | 990 |
| 2011 | — | $2,565,471▲3.1% | -$20,249▼112% | $885,852▼10.9% | 990 |
| 2010 | — | $2,487,191 | $171,258 | $994,747 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare Loveworks Academy For Visual & Performing Arts
Frequently asked questions
- Is Loveworks Academy For Visual & Performing Arts a legitimate nonprofit?
- Yes. Loveworks Academy For Visual & Performing Arts is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-3155906, based in Golden Valley, Minnesota. Donations are tax-deductible.
- What is Loveworks Academy For Visual & Performing Arts's EIN?
- Loveworks Academy For Visual & Performing Arts's Employer Identification Number (EIN) is 75-3155906.
- How much revenue does Loveworks Academy For Visual & Performing Arts report?
- Loveworks Academy For Visual & Performing Arts reported $2,776,516 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Loveworks Academy For Visual & Performing Arts have?
- CharityIndex grades Loveworks Academy For Visual & Performing Arts D, based on financial health (reserves and operating margin).
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Data for Loveworks Academy For Visual & Performing Arts (EIN 75-3155906) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.