Academy Museum Foundation
Academy Museum Foundation reports consistent operating deficits in recent years despite substantial asset base.
EIN: 202605026 · Beverly Hills, CA · NTEE: A11 · Updated: 2026-03-28
Is Academy Museum Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Academy Museum Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Academy Museum Foundation
Academy Museum Foundation (EIN: 202605026) is a nonprofit organization based in Beverly Hills, CA, classified under NTEE code A11. The organization reported total revenue of $84.2M and total assets of $661.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academy Museum Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academy Museum Foundation is a major nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $79.2M |
| Total Expenses | $94.1M |
| Surplus / Deficit | $-14,885,734 |
| Total Assets | $672.1M |
| Total Liabilities | $466.3M |
| Net Assets | $205.8M |
| Operating Margin | -18.8% |
| Debt-to-Asset Ratio | 69.4% |
| Months of Reserves | 85.7 months |
Financial Health Grade: C
In 2023, Academy Museum Foundation reported a deficit of $14.9M with expenses exceeding revenue, holds 85.7 months of operating reserves (strong position), has a debt-to-asset ratio of 69.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Academy Museum Foundation's revenue has grown at a compound annual growth rate (CAGR) of 31.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.7% | -11.1% | -2.8% |
| 2022 | +45.8% | +278.2% | -3.7% |
| 2021 | +62.3% | +19.0% | +7.8% |
| 2020 | +8.5% | +17.5% | +29.5% |
| 2019 | +55.9% | +21.4% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Academy Museum Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Academy Museum Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or their compensation is not directly reported through this line item, which is unusual for an organization of this size and asset base.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Academy Museum Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $14.8M in 2023, $2.1M in 2022)
- Significant and growing liabilities (e.g., $466M in 2023)
- Unclear explanation for 0% officer compensation given the organization's scale
Strengths
The following positive indicators were identified for Academy Museum Foundation:
- Substantial asset base ($672M in 2023) providing financial stability and capacity
- Significant revenue generation capacity (e.g., $108M in 2022)
- Strong growth in assets over the past decade, indicating successful capital campaigns
Frequently Asked Questions about Academy Museum Foundation
Is Academy Museum Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Academy Museum Foundation (EIN: 202605026) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Academy Museum Foundation spend its money?
Academy Museum Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Academy Museum Foundation tax-deductible?
Academy Museum Foundation is registered as a tax-exempt nonprofit (EIN: 202605026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Academy Museum Foundation cover its operating deficits, such as the $14,885,734 deficit in 2023?
The organization likely covers operating deficits by drawing from its substantial asset base, which includes endowments or other accumulated funds, or through new fundraising efforts not yet reflected in the reported revenue for that period.
What is the nature of the significant liabilities, such as $466,347,483 in 2023?
Given the nature of a museum foundation, these liabilities likely represent construction debt, bonds, or other long-term obligations related to the development and ongoing operations of the Academy Museum.
Why is officer compensation consistently reported as 0%?
This could mean that officers are volunteers, compensated by a related entity, or their compensation is categorized differently within the IRS 990, requiring further investigation into the detailed financial statements.
Is the Academy Museum Foundation financially sustainable given recent operating deficits?
While the organization has a large asset base, sustained operating deficits could pose long-term sustainability challenges if not addressed through increased revenue or reduced expenses. The current asset base provides a buffer, but ongoing deficits are a concern.
Filing History
IRS 990 filing history for Academy Museum Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Academy Museum Foundation's revenue has grown by 2513.3%, moving from $3.0M to $79.2M. Total assets increased by 964.8% over the same period, from $63.1M to $672.1M. Total functional expenses rose by 1645%, from $5.4M to $94.1M. In its most recent filing year (2023), Academy Museum Foundation reported a deficit of $14.9M, with expenses exceeding revenue. The organization holds $466.3M in liabilities against $672.1M in assets (debt-to-asset ratio: 69.4%), resulting in net assets of $205.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $79.2M | $94.1M | $672.1M | $466.3M | — | View 990 |
| 2022 | $108.1M | $105.9M | $691.4M | $478.1M | — | View 990 |
| 2021 | $74.1M | $28.0M | $718.3M | $495.1M | — | View 990 |
| 2020 | $45.7M | $23.5M | $666.6M | $506.0M | — | View 990 |
| 2019 | $42.1M | $20.0M | $514.6M | $376.3M | — | View 990 |
| 2018 | $27.0M | $16.5M | $484.4M | $368.7M | — | View 990 |
| 2017 | $29.9M | $12.6M | $477.7M | $370.1M | — | View 990 |
| 2016 | $19.1M | $9.5M | $462.0M | $364.8M | — | View 990 |
| 2015 | $14.1M | $12.9M | $106.8M | $39.5M | — | View 990 |
| 2014 | $7.2M | $5.3M | $79.8M | $19.4M | — | View 990 |
| 2013 | $16.5M | $4.1M | $87.9M | $64.8M | — | View 990 |
| 2012 | $7.7M | $4.9M | $66.3M | $58.8M | — | View 990 |
| 2011 | $3.0M | $5.4M | $63.1M | $58.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $79.2M, expenses of $94.1M, and assets of $672.1M (revenue -26.7% year-over-year).
- 2022: Revenue of $108.1M, expenses of $105.9M, and assets of $691.4M (revenue +45.8% year-over-year).
- 2021: Revenue of $74.1M, expenses of $28.0M, and assets of $718.3M (revenue +62.3% year-over-year).
- 2020: Revenue of $45.7M, expenses of $23.5M, and assets of $666.6M (revenue +8.5% year-over-year).
- 2019: Revenue of $42.1M, expenses of $20.0M, and assets of $514.6M (revenue +55.9% year-over-year).
- 2018: Revenue of $27.0M, expenses of $16.5M, and assets of $484.4M (revenue -9.9% year-over-year).
- 2017: Revenue of $29.9M, expenses of $12.6M, and assets of $477.7M (revenue +57.0% year-over-year).
- 2016: Revenue of $19.1M, expenses of $9.5M, and assets of $462.0M (revenue +35.4% year-over-year).
- 2015: Revenue of $14.1M, expenses of $12.9M, and assets of $106.8M (revenue +95.8% year-over-year).
- 2014: Revenue of $7.2M, expenses of $5.3M, and assets of $79.8M (revenue -56.5% year-over-year).
- 2013: Revenue of $16.5M, expenses of $4.1M, and assets of $87.9M (revenue +114.1% year-over-year).
- 2012: Revenue of $7.7M, expenses of $4.9M, and assets of $66.3M (revenue +154.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $5.4M, and assets of $63.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Academy Museum Foundation:
Data Sources and Methodology
This transparency report for Academy Museum Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.