Quick charity verification for American Folk Art Museum (EIN: 131985627)
Verdict: American Folk Art Museum appears trustworthy
85/100Mission Score
$6.4MRevenue
$17.0MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or 0% reported officer compensation may obscure full executive remuneration details.
Strengths
Significant revenue growth in the latest filing period (202306: $9,565,100).
Consistent growth in total assets, reaching $16,954,252 in 2023.
Low liabilities relative to assets, indicating strong financial solvency.
Positive net income/surplus in recent years, especially in 2023.
Consistent IRS 990 filing history demonstrating regulatory compliance.
Spending Breakdown
How American Folk Art Museum allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Folk Art Museum
Is American Folk Art Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, American Folk Art Museum (EIN: 131985627) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is American Folk Art Museum a good charity to donate to?
American Folk Art Museum has a Mission Score of 85/100. Revenue: $6.4M. Assets: $17.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for American Folk Art Museum?
The Employer Identification Number (EIN) for American Folk Art Museum is 131985627. 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 Folk Art Museum spend its money?
American Folk Art Museum allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify American Folk Art Museum's tax-exempt status?
You can verify American Folk Art Museum's tax-exempt status using EIN 131985627 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 Folk Art Museum demonstrates a generally healthy financial trajectory, particularly in its most recent filing period. Revenue has shown significant growth, jumping from $5,728,873 in 2022 to $9,565,100 in 2023, indicating increased donor support or earned income. Expenses have also increased but at a slower rate, leading to a substantial surplus in 2023 ($9,565,100 revenue vs. $5,366,290 expenses). The organization's assets have also grown consistently, reaching $16,954,252 in 2023, while liabilities remain relatively low at $407,884, suggesting good financial management and solvency.
Spending efficiency appears strong, with expenses consistently lower than revenue in recent years, particularly in 2023. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency, indicating that the highest-ranking officers are not receiving salaries directly from the organization, which could imply a volunteer leadership structure or compensation being covered by other means not reported as officer compensation. This practice, while potentially positive for donor perception, warrants further investigation to understand the full compensation structure for key personnel. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to regulatory transparency.