Is Bronx Museum Of The Arts Legit?

Quick charity verification for Bronx Museum Of The Arts (EIN: 132709368)

Verdict: Bronx Museum Of The Arts appears trustworthy

75/100Mission Score

$6.9MRevenue

$4.8MAssets

3Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency regarding executive pay structures or a reliance on external entities for compensation.
Operating deficit of $717,647 in the 202306 fiscal period (Expenses $4,197,308 vs. Revenue $3,479,661), indicating spending exceeded income.
Decline in total assets from $6,669,442 in 202206 to $5,924,626 in 202306, reversing a previous growth trend.

Strengths

Long-term growth in assets, increasing from $3,137,483 in 201406 to $5,924,626 in 202306, demonstrating financial resilience.
Relatively low liabilities compared to assets, indicating strong solvency (e.g., $336,407 liabilities vs. $5,924,626 assets in 202306).
Consistent filing of IRS Form 990s over 13 periods, indicating good regulatory compliance and transparency.
Demonstrated ability to generate surpluses in multiple years (e.g., 202206, 202106, 201806, 201606, 201506).

Spending Breakdown

How Bronx Museum Of The Arts allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Bronx Museum Of The Arts

Is Bronx Museum Of The Arts a legitimate charity?

Based on AI analysis of IRS 990 filings, Bronx Museum Of The Arts (EIN: 132709368) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Bronx Museum Of The Arts a good charity to donate to?

Bronx Museum Of The Arts has a Mission Score of 75/100. Revenue: $6.9M. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bronx Museum Of The Arts?

The Employer Identification Number (EIN) for Bronx Museum Of The Arts is 132709368. 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 Bronx Museum Of The Arts spend its money?

Bronx Museum Of The Arts allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bronx Museum Of The Arts's tax-exempt status?

You can verify Bronx Museum Of The Arts's tax-exempt status using EIN 132709368 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 Bronx Museum Of The Arts demonstrates a generally stable financial position, though recent filings show some fluctuations. In the 202306 period, the organization reported expenses of $4,197,308 against revenues of $3,479,661, indicating a deficit for that year. This contrasts with the prior year (202206) where revenues of $4,634,455 exceeded expenses of $3,504,372, resulting in a surplus. The museum's assets have shown growth over the long term, increasing from $3,137,483 in 201406 to $5,924,626 in 202306, despite a dip from the 202206 peak of $6,669,442. Liabilities remain relatively low compared to assets, suggesting good financial solvency.

Regarding spending efficiency, without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data, a precise assessment is challenging. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's mission focus on arts and culture, as indicated by its NTEE code A510, appears consistent with its operations as a museum.

Transparency is generally good given the consistent filing of IRS Form 990s over a long period. The absence of reported officer compensation is a notable point for transparency, as it indicates either a volunteer-led executive team or compensation falling below reporting thresholds, which would require further investigation to fully understand. Overall, while the 202306 deficit warrants attention, the long-term asset growth and consistent filing history suggest a well-managed organization.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.