American Academy In Rome
American Academy In Rome maintains substantial assets and zero reported officer compensation despite recent operating deficits.
EIN: 131623881 · New York, NY · NTEE: Q22Z · Updated: 2026-03-28
Is American Academy In Rome Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Academy In Rome directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Academy In Rome
American Academy In Rome (EIN: 131623881) is a nonprofit organization based in New York, NY, classified under NTEE code Q22Z. The organization reported total revenue of $48.4M and total assets of $169.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Academy In Rome's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Academy In Rome is a large nonprofit that has been operating for 100 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.5M |
| Total Expenses | $14.7M |
| Surplus / Deficit | $-2,193,253 |
| Total Assets | $154.9M |
| Total Liabilities | $12.6M |
| Net Assets | $142.3M |
| Operating Margin | -17.6% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 126.8 months |
Financial Health Grade: B
In 2023, American Academy In Rome reported a deficit of $2.2M with expenses exceeding revenue, holds 126.8 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Academy In Rome's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.8% | +16.5% | +6.3% |
| 2022 | +77.7% | +12.9% | -6.8% |
| 2021 | -2.7% | +0.9% | +14.1% |
| 2020 | -8.7% | -16.7% | +3.4% |
| 2019 | +13.6% | +3.2% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1926 |
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 American Academy In Rome 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, American Academy In Rome allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available IRS 990 filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with assets exceeding $150 million.
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 American Academy In Rome's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202308: expenses $14,654,452 > revenue $12,461,199)
- Unusually high liabilities in 202308 ($12,632,605) compared to previous years (e.g., $3,929,373 in 202108)
- 0% officer compensation reported across all filings, which is atypical for an organization of this size and could indicate compensation is reported elsewhere or through non-standard means.
Strengths
The following positive indicators were identified for American Academy In Rome:
- Substantial and growing asset base ($169,349,327 latest, $154,882,651 in 202308)
- Excellent transparency regarding executive compensation with 0% reported officer pay across all filings
- Long history of IRS 990 filings (13 periods) providing extensive financial data for analysis
- Significant revenue generation capacity, with a peak of $48,370,785 in the latest reported period
Frequently Asked Questions about American Academy In Rome
Is American Academy In Rome a legitimate charity?
Based on AI analysis of IRS 990 filings, American Academy In Rome (EIN: 131623881) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does American Academy In Rome spend its money?
American Academy In Rome directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Academy In Rome tax-deductible?
American Academy In Rome is registered as a tax-exempt nonprofit (EIN: 131623881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is American Academy In Rome a good charity?
Based on the available data, the American Academy In Rome appears to be a financially stable organization with substantial assets ($169,349,327) and a strong commitment to transparency regarding executive compensation, consistently reporting 0% officer pay. While there was an operating deficit in the 202308 period (expenses $14,654,452 vs. revenue $12,461,199), its long-term financial health and asset growth are positive indicators.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be compensated through other means (e.g., by an affiliated entity, or through non-monetary benefits not reported as compensation), or that the roles are filled by volunteers or individuals compensated below the reporting threshold. This is a significant point of inquiry for potential donors.
What caused the operating deficit in the 202308 fiscal period?
In the 202308 period, the organization reported expenses of $14,654,452 against revenue of $12,461,199, resulting in a deficit. The specific causes are not detailed in the summary data but could be due to increased program costs, investment losses, or a temporary dip in fundraising or endowment distributions.
What is the trend of the organization's liabilities?
Liabilities have fluctuated but generally remained manageable relative to assets. They increased from $3,929,373 in 202108 to $12,632,605 in 202308, which is a notable increase but still a small fraction of the organization's $154,882,651 in assets for the same period.
How does the organization's asset growth compare to its revenue fluctuations?
The organization's assets have shown consistent growth, from $120,078,344 in 201608 to $154,882,651 in 202308, indicating strong long-term financial management. Revenue, however, has been more volatile, with a high of $24,816,827 in 202208 and a low of $9,028,888 in 201508, suggesting reliance on varied funding sources or significant one-time contributions.
Filing History
IRS 990 filing history for American Academy In Rome showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Academy In Rome's revenue has declined by 24.8%, moving from $16.6M to $12.5M. Total assets increased by 24.8% over the same period, from $124.1M to $154.9M. Total functional expenses rose by 16.7%, from $12.6M to $14.7M. In its most recent filing year (2023), American Academy In Rome reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $12.6M in liabilities against $154.9M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $142.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.5M | $14.7M | $154.9M | $12.6M | — | — |
| 2022 | $24.8M | $12.6M | $145.7M | $11.6M | — | — |
| 2021 | $14.0M | $11.1M | $156.3M | $3.9M | — | View 990 |
| 2020 | $14.4M | $11.0M | $137.0M | $2.9M | — | — |
| 2019 | $15.7M | $13.3M | $132.6M | $3.3M | — | View 990 |
| 2018 | $13.8M | $12.8M | $132.6M | $2.9M | — | View 990 |
| 2017 | $12.7M | $12.5M | $131.8M | $2.8M | — | View 990 |
| 2016 | $11.2M | $12.6M | $120.1M | $3.3M | — | View 990 |
| 2015 | $9.0M | $12.6M | $121.3M | $2.4M | — | View 990 |
| 2014 | $11.5M | $13.5M | $138.8M | $2.6M | — | View 990 |
| 2013 | $12.7M | $12.3M | $130.8M | $2.5M | — | View 990 |
| 2012 | $8.5M | $11.9M | $118.4M | $2.1M | — | View 990 |
| 2011 | $16.6M | $12.6M | $124.1M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.5M, expenses of $14.7M, and assets of $154.9M (revenue -49.8% year-over-year).
- 2022: Revenue of $24.8M, expenses of $12.6M, and assets of $145.7M (revenue +77.7% year-over-year).
- 2021: Revenue of $14.0M, expenses of $11.1M, and assets of $156.3M (revenue -2.7% year-over-year).
- 2020: Revenue of $14.4M, expenses of $11.0M, and assets of $137.0M (revenue -8.7% year-over-year).
- 2019: Revenue of $15.7M, expenses of $13.3M, and assets of $132.6M (revenue +13.6% year-over-year).
- 2018: Revenue of $13.8M, expenses of $12.8M, and assets of $132.6M (revenue +8.6% year-over-year).
- 2017: Revenue of $12.7M, expenses of $12.5M, and assets of $131.8M (revenue +13.6% year-over-year).
- 2016: Revenue of $11.2M, expenses of $12.6M, and assets of $120.1M (revenue +24.2% year-over-year).
- 2015: Revenue of $9.0M, expenses of $12.6M, and assets of $121.3M (revenue -21.6% year-over-year).
- 2014: Revenue of $11.5M, expenses of $13.5M, and assets of $138.8M (revenue -9.2% year-over-year).
- 2013: Revenue of $12.7M, expenses of $12.3M, and assets of $130.8M (revenue +49.7% year-over-year).
- 2012: Revenue of $8.5M, expenses of $11.9M, and assets of $118.4M (revenue -48.9% year-over-year).
- 2011: Revenue of $16.6M, expenses of $12.6M, and assets of $124.1M.
Data Sources and Methodology
This transparency report for American Academy In Rome 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.