Alvin Ailey Dance Foundation Inc
Alvin Ailey Dance Foundation maintains substantial assets despite periodic operational deficits.
EIN: 132584273 · New York, NY · NTEE: A620 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $82.6M |
| Total Expenses | $48.3M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $82,648,000 |
| Net Assets | $224.0M |
| Transparency Score | 85/100 |
Is Alvin Ailey Dance Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alvin Ailey Dance Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alvin Ailey Dance Foundation Inc
Alvin Ailey Dance Foundation Inc (EIN: 132584273) is a nonprofit organization based in New York, NY, classified under NTEE code A620. The organization reported total revenue of $82.6M and total assets of $260.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alvin Ailey Dance Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alvin Ailey Dance Foundation Inc is a major nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37.2M |
| Total Expenses | $48.3M |
| Surplus / Deficit | $-11,112,474 |
| Total Assets | $257.3M |
| Total Liabilities | $33.3M |
| Net Assets | $224.0M |
| Operating Margin | -29.9% |
| Debt-to-Asset Ratio | 12.9% |
| Months of Reserves | 64.0 months |
Financial Health Grade: B
In 2023, Alvin Ailey Dance Foundation Inc reported a deficit of $11.1M with expenses exceeding revenue, holds 64.0 months of operating reserves (strong position), has a debt-to-asset ratio of 12.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alvin Ailey Dance Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.8% | +13.7% | -0.1% |
| 2022 | -14.1% | +49.8% | -8.5% |
| 2021 | +43.3% | -33.6% | +25.4% |
| 2020 | -17.4% | -6.0% | +0.2% |
| 2019 | +1.1% | +3.5% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
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 Alvin Ailey Dance Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Alvin Ailey Dance Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% for 'Officer Comp' across all available filings, which is highly unusual for an organization with latest revenue of $82,648,000 and assets exceeding $260 million. This suggests either uncompensated leadership or that executive compensation is categorized differently and not reflected in the 'Officer Comp' field.
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 Alvin Ailey Dance Foundation Inc's IRS 990 filings:
- Consistent 0% 'Officer Comp' reported on 990s, which is highly unusual for an organization of this size and could indicate a lack of transparency in executive compensation disclosure.
- Expenses exceeded revenue in the most recent filing (202306), indicating an operational deficit for that period.
Strengths
The following positive indicators were identified for Alvin Ailey Dance Foundation Inc:
- Substantial and growing asset base, reaching over $260 million, indicating strong financial reserves.
- Long history of operations with consistent filing of IRS 990s, demonstrating compliance.
- Significant revenue generation, with latest reported revenue at $82,648,000, supporting its mission.
Frequently Asked Questions about Alvin Ailey Dance Foundation Inc
Is Alvin Ailey Dance Foundation Inc a legitimate charity?
Alvin Ailey Dance Foundation Inc (EIN: 132584273) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $82.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Alvin Ailey Dance Foundation Inc spend its money?
Alvin Ailey Dance Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Alvin Ailey Dance Foundation Inc tax-deductible?
Alvin Ailey Dance Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132584273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Alvin Ailey Dance Foundation Inc CEO make?
Alvin Ailey Dance Foundation Inc's highest-compensated officer earns $82,648,000 annually. The organization reported $82.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Alvin Ailey Dance Foundation Inc's spending goes to programs?
Alvin Ailey Dance Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Alvin Ailey Dance Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Alvin Ailey Dance Foundation Inc is above average for NTEE category A620 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alvin Ailey Dance Foundation Inc located?
Alvin Ailey Dance Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 132584273. It is classified under NTEE code A620.
How many years of IRS 990 filings does Alvin Ailey Dance Foundation Inc have?
Alvin Ailey Dance Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $82.6M in total revenue.
Is Alvin Ailey Dance Foundation Inc. financially stable?
Yes, the organization appears financially stable, evidenced by its substantial and growing asset base, which reached $260,776,404 in the latest period. While it has experienced periods where expenses exceeded revenue (e.g., 202306, 202006), its strong reserves likely cover these operational deficits.
How does Alvin Ailey Dance Foundation Inc. manage executive compensation?
The IRS 990 filings consistently report 'Officer Comp' as 0%. This is highly unusual for an organization of this scale and suggests that executive compensation may be structured or reported under different categories, or that the top officers are uncompensated.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated significantly, from a low of $36,707,272 in 2014 to a high of $68,889,128 in 2015, and $57,516,021 in 2021. Expenses have generally increased over time, reaching $48,268,877 in 2023. The organization has experienced periods of both surpluses and deficits.
Are there any red flags regarding the organization's financial health?
A potential red flag is the consistent reporting of 0% for 'Officer Comp' on the 990s, which is atypical for an organization of this size and could indicate a lack of transparency in how executive compensation is disclosed. Also, the recent deficit in 202306 where expenses ($48,268,877) exceeded revenue ($37,156,403) warrants monitoring.
Filing History
IRS 990 filing history for Alvin Ailey Dance Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alvin Ailey Dance Foundation Inc's revenue has grown by 5.1%, moving from $35.3M to $37.2M. Total assets increased by 65.4% over the same period, from $155.6M to $257.3M. Total functional expenses rose by 44.3%, from $33.5M to $48.3M. In its most recent filing year (2023), Alvin Ailey Dance Foundation Inc reported a deficit of $11.1M, with expenses exceeding revenue. The organization holds $33.3M in liabilities against $257.3M in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $224.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37.2M | $48.3M | $257.3M | $33.3M | — | — |
| 2022 | $49.4M | $42.4M | $257.7M | $34.5M | — | View 990 |
| 2021 | $57.5M | $28.3M | $281.5M | $35.3M | — | — |
| 2020 | $40.1M | $42.6M | $224.6M | $36.4M | — | View 990 |
| 2019 | $48.6M | $45.4M | $224.2M | $36.2M | — | View 990 |
| 2018 | $48.1M | $43.8M | $219.0M | $31.3M | — | View 990 |
| 2017 | $37.2M | $40.5M | $212.4M | $33.5M | — | View 990 |
| 2016 | $39.4M | $39.5M | $187.7M | $17.7M | — | View 990 |
| 2015 | $68.9M | $38.5M | $197.7M | $19.0M | — | View 990 |
| 2014 | $36.7M | $37.1M | $170.4M | $19.8M | — | View 990 |
| 2013 | $38.2M | $35.4M | $162.4M | $20.8M | — | View 990 |
| 2012 | $39.1M | $34.6M | $156.8M | $20.7M | — | View 990 |
| 2011 | $35.3M | $33.5M | $155.6M | $21.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.2M, expenses of $48.3M, and assets of $257.3M (revenue -24.8% year-over-year).
- 2022: Revenue of $49.4M, expenses of $42.4M, and assets of $257.7M (revenue -14.1% year-over-year).
- 2021: Revenue of $57.5M, expenses of $28.3M, and assets of $281.5M (revenue +43.3% year-over-year).
- 2020: Revenue of $40.1M, expenses of $42.6M, and assets of $224.6M (revenue -17.4% year-over-year).
- 2019: Revenue of $48.6M, expenses of $45.4M, and assets of $224.2M (revenue +1.1% year-over-year).
- 2018: Revenue of $48.1M, expenses of $43.8M, and assets of $219.0M (revenue +29.3% year-over-year).
- 2017: Revenue of $37.2M, expenses of $40.5M, and assets of $212.4M (revenue -5.6% year-over-year).
- 2016: Revenue of $39.4M, expenses of $39.5M, and assets of $187.7M (revenue -42.8% year-over-year).
- 2015: Revenue of $68.9M, expenses of $38.5M, and assets of $197.7M (revenue +87.7% year-over-year).
- 2014: Revenue of $36.7M, expenses of $37.1M, and assets of $170.4M (revenue -4.0% year-over-year).
- 2013: Revenue of $38.2M, expenses of $35.4M, and assets of $162.4M (revenue -2.2% year-over-year).
- 2012: Revenue of $39.1M, expenses of $34.6M, and assets of $156.8M (revenue +10.6% year-over-year).
- 2011: Revenue of $35.3M, expenses of $33.5M, and assets of $155.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alvin Ailey Dance Foundation Inc:
Data Sources and Methodology
This transparency report for Alvin Ailey Dance Foundation Inc 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.