American Academy Of Arts And Letters
American Academy Of Arts And Letters maintains substantial assets with zero officer compensation, though recent expenses have exceeded revenue.
EIN: 130429640 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $82.0M |
| Total Expenses | $5.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $103.3M |
| Transparency Score | 90/100 |
Is American Academy Of Arts And Letters Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Academy Of Arts And Letters directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Academy Of Arts And Letters
American Academy Of Arts And Letters (EIN: 130429640) is a nonprofit organization based in New York, NY. The organization reported total revenue of $82.0M and total assets of $117.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Academy Of Arts And Letters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Academy Of Arts And Letters is a major nonprofit that has been operating for 91 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-2,141,696 |
| Total Assets | $103.3M |
| Total Liabilities | $1 |
| Net Assets | $103.3M |
| Operating Margin | -76.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 249.9 months |
Financial Health Grade: B
In 2023, American Academy Of Arts And Letters reported a deficit of $2.1M with expenses exceeding revenue, holds 249.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), American Academy Of Arts And Letters's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.9% | -6.4% | -2.0% |
| 2022 | -7.2% | +16.6% | +4.3% |
| 2021 | +127.0% | -12.2% | +5.9% |
| 2020 | -38.3% | +7.6% | -0.4% |
| 2019 | +83.7% | +26.8% | +30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2300 |
| IRS Ruling Date | 1935 |
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 Of Arts And Letters with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, American Academy Of Arts And Letters allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers do not receive salaries, which is highly unusual for an organization of its size with assets exceeding $100 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 Of Arts And Letters's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($4,960,140 expenses vs. $2,818,444 revenue), indicating a reliance on reserves or endowment drawdowns.
- Significant year-over-year revenue fluctuations, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for American Academy Of Arts And Letters:
- Zero officer compensation reported across all filings, indicating a highly efficient use of funds for mission-related activities.
- Substantial and growing asset base, exceeding $100 million in recent years, providing long-term financial stability.
- Consistently low liabilities, demonstrating strong financial management and minimal debt.
- Consistent filing of IRS 990s over a decade, indicating strong transparency and accountability.
- Strong program focus implied by the lack of executive compensation, suggesting resources are directed to mission.
Frequently Asked Questions about American Academy Of Arts And Letters
Is American Academy Of Arts And Letters a legitimate charity?
American Academy Of Arts And Letters (EIN: 130429640) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $82.0M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does American Academy Of Arts And Letters spend its money?
American Academy Of Arts And Letters directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to American Academy Of Arts And Letters tax-deductible?
American Academy Of Arts And Letters is registered as a tax-exempt nonprofit (EIN: 130429640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Academy Of Arts And Letters CEO make?
American Academy Of Arts And Letters's highest-compensated officer earns $100 annually. The organization reported $82.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Academy Of Arts And Letters's spending goes to programs?
American Academy Of Arts And Letters directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is American Academy Of Arts And Letters located?
American Academy Of Arts And Letters is headquartered in New York, New York and files with the IRS under EIN 130429640.
How many years of IRS 990 filings does American Academy Of Arts And Letters have?
American Academy Of Arts And Letters has 10 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 $82.0M in total revenue.
Is American Academy Of Arts And Letters a good charity?
Based on the available data, the American Academy Of Arts And Letters appears to be a very good charity. It boasts substantial assets ($103M in 2023), consistently files its IRS 990s, and most notably, reports 0% officer compensation, meaning no salaries are paid to its leadership. This indicates a strong commitment to its mission and efficient use of funds.
How does the organization sustain itself with fluctuating revenues and zero officer compensation?
The organization likely sustains itself through its significant asset base, which reached $117,341,432 in the latest reported period. Investment income from this endowment, along with grants and contributions, would cover operational expenses. The zero officer compensation significantly reduces overhead, making the available funds stretch further.
What caused the revenue decline in 2023 compared to previous years?
Revenue for 2023 was $2,818,444, a significant drop from $9,669,803 in 2022 and $10,417,737 in 2021. The IRS 990 data alone does not specify the exact cause, but it could be due to fewer large grants, reduced investment income, or a decrease in contributions in that specific year.
Filing History
IRS 990 filing history for American Academy Of Arts And Letters showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), American Academy Of Arts And Letters's revenue has grown by 10.8%, moving from $2.5M to $2.8M. Total assets increased by 53.8% over the same period, from $67.2M to $103.3M. Total functional expenses rose by 61.9%, from $3.1M to $5.0M. In its most recent filing year (2023), American Academy Of Arts And Letters reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $103.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $103.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $5.0M | $103.3M | $1 | — | — |
| 2022 | $9.7M | $5.3M | $105.4M | $2K | — | View 990 |
| 2021 | $10.4M | $4.5M | $101.1M | $1 | — | View 990 |
| 2020 | $4.6M | $5.2M | $95.4M | $231K | — | View 990 |
| 2019 | $7.4M | $4.8M | $95.8M | $0 | — | View 990 |
| 2015 | $4.0M | $3.8M | $73.6M | $0 | — | View 990 |
| 2014 | $4.9M | $3.8M | $73.4M | $0 | — | View 990 |
| 2013 | $4.9M | $3.4M | $72.3M | $0 | — | View 990 |
| 2012 | $6.7M | $3.1M | $80.7M | $10.0M | — | View 990 |
| 2011 | $2.5M | $3.1M | $67.2M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $5.0M, and assets of $103.3M (revenue -70.9% year-over-year).
- 2022: Revenue of $9.7M, expenses of $5.3M, and assets of $105.4M (revenue -7.2% year-over-year).
- 2021: Revenue of $10.4M, expenses of $4.5M, and assets of $101.1M (revenue +127.0% year-over-year).
- 2020: Revenue of $4.6M, expenses of $5.2M, and assets of $95.4M (revenue -38.3% year-over-year).
- 2019: Revenue of $7.4M, expenses of $4.8M, and assets of $95.8M (revenue +83.7% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.8M, and assets of $73.6M (revenue -17.4% year-over-year).
- 2014: Revenue of $4.9M, expenses of $3.8M, and assets of $73.4M (revenue -1.0% year-over-year).
- 2013: Revenue of $4.9M, expenses of $3.4M, and assets of $72.3M (revenue -25.8% year-over-year).
- 2012: Revenue of $6.7M, expenses of $3.1M, and assets of $80.7M (revenue +162.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $3.1M, and assets of $67.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Academy Of Arts And Letters:
Data Sources and Methodology
This transparency report for American Academy Of Arts And Letters 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.