Quick charity verification for Storm King Art Center (EIN: 141457573)
Verdict: Storm King Art Center appears trustworthy
90/100Mission Score
$24.4MRevenue
$90.5MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent filing (202312: Expenses=$9,762,504, Revenue=$8,437,388), which warrants monitoring.
Strengths
Consistently reports $0 officer compensation across all 13 available filings, indicating strong financial stewardship.
Significant and consistent growth in assets, from $40,950,108 in 2014 to $78,277,409 in 2023, demonstrating long-term financial stability.
Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
Healthy asset-to-liability ratio, with liabilities consistently being a small fraction of total assets (e.g., $1,859,594 liabilities vs. $78,277,409 assets in 2023).
Spending Breakdown
How Storm King Art Center 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 Storm King Art Center
Is Storm King Art Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Storm King Art Center (EIN: 141457573) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Storm King Art Center a good charity to donate to?
Storm King Art Center has a Mission Score of 90/100. Revenue: $24.4M. Assets: $90.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Storm King Art Center?
The Employer Identification Number (EIN) for Storm King Art Center is 141457573. 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 Storm King Art Center spend its money?
Storm King Art Center allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Storm King Art Center's tax-exempt status?
You can verify Storm King Art Center's tax-exempt status using EIN 141457573 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
Storm King Art Center demonstrates a generally healthy financial position with substantial and growing assets, reaching $78,277,409 in 2023. The organization consistently operates with a positive net asset position, indicating long-term stability. While revenue has fluctuated, with a notable peak of $23,164,170 in 2018 and $13,883,979 in 2022, it has generally outpaced expenses in most years, allowing for asset growth. The most recent filing (2023) shows expenses slightly exceeding revenue ($9,762,504 vs. $8,437,388), which warrants monitoring but is not immediately concerning given the overall financial strength.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting a commitment to directing resources towards its mission rather than executive salaries. This lack of reported officer compensation is a significant positive indicator of financial stewardship. Further analysis of program vs. administrative and fundraising expenses would provide a more granular view of spending efficiency, but the absence of executive compensation is a strong starting point.
Transparency is high regarding executive compensation, as the organization consistently reports $0 for officer compensation. This level of detail, consistently maintained over many years, provides a clear picture of how leadership is compensated (or not, in this case). The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to public disclosure.