Arison Arts Foundation
Arison Arts Foundation maintains substantial assets despite recent revenue decline and increased expenses.
EIN: 137450689 · Coral Gables, FL · NTEE: T22 · Updated: 2026-03-28
Is Arison Arts Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Arison Arts Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Arison Arts Foundation
Arison Arts Foundation (EIN: 137450689) is a nonprofit organization based in Coral Gables, FL, classified under NTEE code T22. The organization reported total revenue of $129.6M and total assets of $381.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arison Arts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arison Arts Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Arison Arts Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size with assets exceeding $400 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 Arison Arts Foundation's IRS 990 filings:
- Significant revenue volatility, with 2023 revenue ($15,345,445) being less than half of 2022 ($51,525,223).
- Expenses ($38,635,187 in 2023) exceeding revenue in multiple recent years (2023, 2020, 2019), potentially drawing from reserves.
Strengths
The following positive indicators were identified for Arison Arts Foundation:
- Consistently reported 0% officer compensation, indicating a strong commitment to directing funds to programs.
- Maintains a very strong asset base, with assets exceeding $400 million in recent years, providing financial stability.
- Extremely low liabilities (consistently $1), indicating excellent financial management and minimal debt.
- Long history of IRS 990 filings (10 filings), demonstrating consistent compliance and transparency.
Frequently Asked Questions about Arison Arts Foundation
Is Arison Arts Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Arison Arts Foundation (EIN: 137450689) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Arison Arts Foundation spend its money?
Arison Arts Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Arison Arts Foundation tax-deductible?
Arison Arts Foundation is registered as a tax-exempt nonprofit (EIN: 137450689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has officer compensation consistently been reported as 0%?
The filings consistently show 0% officer compensation, which is highly unusual for an organization of this scale. This could indicate that officers are volunteers, compensated through other entities, or that the compensation is reported differently in other sections not analyzed here. Further investigation into the detailed compensation schedules would be necessary.
What caused the significant revenue drop in 2023 to $15,345,445 from $51,525,223 in 2022?
The IRS 990 data alone does not specify the exact reasons for revenue fluctuations. This could be due to market performance impacting investment income, changes in major donor contributions, or shifts in grant funding cycles. A review of the organization's financial statements and narrative descriptions would provide more context.
How does the organization manage to operate with 0% officer compensation given its substantial expenses?
Operating with 0% officer compensation while incurring tens of millions in expenses suggests that key leadership roles might be filled by volunteers, or that compensation for leadership is covered by a related entity or through other means not categorized as 'officer compensation' on the 990 form. This practice, while potentially efficient, warrants further clarification for complete transparency.
Filing History
IRS 990 filing history for Arison Arts Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Arison Arts Foundation's revenue has declined by 34.5%, moving from $23.4M to $15.3M. Total assets increased by 184.6% over the same period, from $143.0M to $406.9M. Total functional expenses rose by 742.5%, from $4.6M to $38.6M. In its most recent filing year (2023), Arison Arts Foundation reported a deficit of $23.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $406.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $406.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15.3M | $38.6M | $406.9M | $1 | — | — |
| 2022 | $51.5M | $41.4M | $423.1M | $1 | — | View 990 |
| 2021 | $88.9M | $39.3M | $423.1M | $1 | — | View 990 |
| 2020 | $30.1M | $35.7M | $374.4M | $1 | — | View 990 |
| 2019 | $20.7M | $26.7M | $382.7M | $1 | — | — |
| 2015 | $39.0M | $6.5M | $312.4M | $1 | — | View 990 |
| 2014 | $45.9M | $2.4M | $284.7M | $1 | — | View 990 |
| 2013 | $46.1M | $2.6M | $241.8M | $1 | — | View 990 |
| 2012 | $53.8M | $1.8M | $194.1M | $0 | — | View 990 |
| 2011 | $23.4M | $4.6M | $143.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.3M, expenses of $38.6M, and assets of $406.9M (revenue -70.2% year-over-year).
- 2022: Revenue of $51.5M, expenses of $41.4M, and assets of $423.1M (revenue -42.1% year-over-year).
- 2021: Revenue of $88.9M, expenses of $39.3M, and assets of $423.1M (revenue +195.3% year-over-year).
- 2020: Revenue of $30.1M, expenses of $35.7M, and assets of $374.4M (revenue +45.3% year-over-year).
- 2019: Revenue of $20.7M, expenses of $26.7M, and assets of $382.7M (revenue -46.9% year-over-year).
- 2015: Revenue of $39.0M, expenses of $6.5M, and assets of $312.4M (revenue -14.9% year-over-year).
- 2014: Revenue of $45.9M, expenses of $2.4M, and assets of $284.7M (revenue -0.6% year-over-year).
- 2013: Revenue of $46.1M, expenses of $2.6M, and assets of $241.8M (revenue -14.2% year-over-year).
- 2012: Revenue of $53.8M, expenses of $1.8M, and assets of $194.1M (revenue +129.5% year-over-year).
- 2011: Revenue of $23.4M, expenses of $4.6M, and assets of $143.0M.
Data Sources and Methodology
This transparency report for Arison Arts 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.