American Folk Art Museum
American Folk Art Museum sees significant revenue growth and maintains low liabilities.
EIN: 131985627 · New York, NY · NTEE: A500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $5.4M |
| Program Spending | 80% |
| Net Assets | $16.5M |
| Transparency Score | 85/100 |
Is American Folk Art Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Folk Art Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Folk Art Museum
American Folk Art Museum (EIN: 131985627) is a nonprofit organization based in New York, NY, classified under NTEE code A500. The organization reported total revenue of $6.4M and total assets of $17.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Folk Art Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Folk Art Museum is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.6M |
| Total Expenses | $5.4M |
| Surplus / Deficit | +$4.2M |
| Total Assets | $17.0M |
| Total Liabilities | $408K |
| Net Assets | $16.5M |
| Operating Margin | 43.9% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 37.9 months |
Financial Health Grade: A
In 2023, American Folk Art Museum reported a surplus of $4.2M with revenue exceeding expenses, holds 37.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Folk Art Museum's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.0% | +18.7% | +44.3% |
| 2022 | +50.0% | +13.8% | -2.9% |
| 2021 | +9.7% | +8.5% | +20.9% |
| 2020 | -3.9% | -11.2% | -3.1% |
| 2019 | +8.3% | -2.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
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 Folk Art Museum 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: 80%
- fundraising: 5%
According to IRS 990 filings, American Folk Art Museum allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $4.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue. This suggests that top leadership may be volunteer-based or compensated through other entities, which could be a strength for donor confidence but also warrants further inquiry for complete transparency.
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 Folk Art Museum's IRS 990 filings:
- Unusually low or 0% reported officer compensation may obscure full executive remuneration details.
Strengths
The following positive indicators were identified for American Folk Art Museum:
- Significant revenue growth in the latest filing period (202306: $9,565,100).
- Consistent growth in total assets, reaching $16,954,252 in 2023.
- Low liabilities relative to assets, indicating strong financial solvency.
- Positive net income/surplus in recent years, especially in 2023.
- Consistent IRS 990 filing history demonstrating regulatory compliance.
Frequently Asked Questions about American Folk Art Museum
Is American Folk Art Museum a legitimate charity?
American Folk Art Museum (EIN: 131985627) 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: $6.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does American Folk Art Museum spend its money?
American Folk Art Museum directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to American Folk Art Museum tax-deductible?
American Folk Art Museum is registered as a tax-exempt nonprofit (EIN: 131985627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of American Folk Art Museum's spending goes to programs?
American Folk Art Museum directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Folk Art Museum compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), American Folk Art Museum is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Folk Art Museum located?
American Folk Art Museum is headquartered in New York, New York and files with the IRS under EIN 131985627. It is classified under NTEE code A500.
How many years of IRS 990 filings does American Folk Art Museum have?
American Folk Art Museum 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 $6.4M in total revenue.
Is the American Folk Art Museum a good charity?
Based on its financial health, the American Folk Art Museum appears to be a well-managed organization. It has shown strong revenue growth, particularly in the latest period, and maintains a healthy asset-to-liability ratio. The consistent reporting of 0% officer compensation is a unique factor that could be viewed positively by donors.
How does the museum fund its operations?
The significant revenue growth from $5.7 million in 2022 to $9.5 million in 2023 suggests a strong increase in contributions, grants, or earned income activities. With total assets of $16.9 million and relatively low liabilities, the museum has a solid financial foundation to support its mission.
What is the trend in the museum's financial stability?
The museum's financial stability has improved significantly. After periods of expenses exceeding revenue (e.g., 2017-2020), the organization has consistently generated surpluses since 2021, with a particularly strong performance in 2023 where revenue ($9,565,100) far outpaced expenses ($5,366,290).
Filing History
IRS 990 filing history for American Folk Art Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Folk Art Museum's revenue has grown by 26.8%, moving from $7.5M to $9.6M. Total assets decreased by 40.5% over the same period, from $28.5M to $17.0M. Total functional expenses fell by 52.5%, from $11.3M to $5.4M. In its most recent filing year (2023), American Folk Art Museum reported a surplus of $4.2M, with revenue exceeding expenses. The organization holds $408K in liabilities against $17.0M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $16.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.6M | $5.4M | $17.0M | $408K | — | — |
| 2022 | $5.7M | $4.5M | $11.7M | $388K | — | View 990 |
| 2021 | $3.8M | $4.0M | $12.1M | $414K | — | View 990 |
| 2020 | $3.5M | $3.7M | $10.0M | $194K | — | View 990 |
| 2019 | $3.6M | $4.1M | $10.3M | $336K | — | View 990 |
| 2018 | $3.3M | $4.2M | $10.5M | $272K | — | View 990 |
| 2017 | $3.4M | $4.2M | $10.7M | $350K | — | View 990 |
| 2016 | $5.4M | $3.9M | $10.8M | $352K | — | View 990 |
| 2015 | $4.8M | $4.4M | $9.9M | $404K | — | View 990 |
| 2014 | $3.2M | $4.1M | $9.5M | $272K | — | View 990 |
| 2013 | $4.1M | $3.1M | $9.5M | $226K | — | View 990 |
| 2012 | $16.4M | $3.8M | $8.6M | $325K | — | View 990 |
| 2011 | $7.5M | $11.3M | $28.5M | $32.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.6M, expenses of $5.4M, and assets of $17.0M (revenue +67.0% year-over-year).
- 2022: Revenue of $5.7M, expenses of $4.5M, and assets of $11.7M (revenue +50.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $4.0M, and assets of $12.1M (revenue +9.7% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.7M, and assets of $10.0M (revenue -3.9% year-over-year).
- 2019: Revenue of $3.6M, expenses of $4.1M, and assets of $10.3M (revenue +8.3% year-over-year).
- 2018: Revenue of $3.3M, expenses of $4.2M, and assets of $10.5M (revenue -2.1% year-over-year).
- 2017: Revenue of $3.4M, expenses of $4.2M, and assets of $10.7M (revenue -37.0% year-over-year).
- 2016: Revenue of $5.4M, expenses of $3.9M, and assets of $10.8M (revenue +13.9% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.4M, and assets of $9.9M (revenue +47.5% year-over-year).
- 2014: Revenue of $3.2M, expenses of $4.1M, and assets of $9.5M (revenue -20.7% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.1M, and assets of $9.5M (revenue -75.2% year-over-year).
- 2012: Revenue of $16.4M, expenses of $3.8M, and assets of $8.6M (revenue +117.7% year-over-year).
- 2011: Revenue of $7.5M, expenses of $11.3M, and assets of $28.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Folk Art Museum:
Data Sources and Methodology
This transparency report for American Folk Art Museum 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.