Quick charity verification for American Academy Of Arts And Letters (EIN: 130429640)
Verdict: American Academy Of Arts And Letters appears trustworthy
90/100Mission Score
$82.0MRevenue
$117.3MAssets
2Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in 2023 ($4,960,140 expenses vs. $2,818,444 revenue), indicating a reliance on reserves or endowment drawdowns.
Significant year-over-year revenue fluctuations, making financial planning potentially challenging.
Strengths
Zero officer compensation reported across all filings, indicating a highly efficient use of funds for mission-related activities.
Substantial and growing asset base, exceeding $100 million in recent years, providing long-term financial stability.
Consistently low liabilities, demonstrating strong financial management and minimal debt.
Consistent filing of IRS 990s over a decade, indicating strong transparency and accountability.
Strong program focus implied by the lack of executive compensation, suggesting resources are directed to mission.
Spending Breakdown
How American Academy Of Arts And Letters allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about American Academy Of Arts And Letters
Is American Academy Of Arts And Letters a legitimate charity?
Based on AI analysis of IRS 990 filings, American Academy Of Arts And Letters (EIN: 130429640) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is American Academy Of Arts And Letters a good charity to donate to?
American Academy Of Arts And Letters has a Mission Score of 90/100. Revenue: $82.0M. Assets: $117.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Academy Of Arts And Letters?
The Employer Identification Number (EIN) for American Academy Of Arts And Letters is 130429640. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does American Academy Of Arts And Letters spend its money?
American Academy Of Arts And Letters allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Academy Of Arts And Letters's tax-exempt status?
You can verify American Academy Of Arts And Letters's tax-exempt status using EIN 130429640 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The American Academy Of Arts And Letters demonstrates a generally stable financial position with substantial assets, consistently exceeding $100 million in recent years, reaching $103,305,145 in 2023. The organization's revenue has fluctuated, with a notable peak of $10,417,737 in 2021, but also periods where expenses exceeded revenue, such as in 2023 where expenses were $4,960,140 against revenues of $2,818,444. This suggests a reliance on endowment or prior year surpluses to cover operational costs in some periods.
Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation, indicating that leadership is not drawing salaries from the organization. This allows a greater proportion of funds to be directed towards program services. The organization's liabilities have remained very low across most years, indicating strong financial management and minimal debt burden.
Transparency is high, as evidenced by the consistent filing of IRS Form 990s over a decade, providing a clear historical financial picture. The absence of officer compensation is a significant positive indicator of a mission-first approach, though a detailed breakdown of program, administrative, and fundraising expenses would further enhance understanding of their operational efficiency.