Bronx Museum Of The Arts
Bronx Museum Of The Arts shows long-term asset growth despite recent operating deficit.
EIN: 132709368 · Bronx, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $4.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $5.6M |
| Transparency Score | 75/100 |
Is Bronx Museum Of The Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bronx Museum Of The Arts directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bronx Museum Of The Arts
Bronx Museum Of The Arts (EIN: 132709368) is a nonprofit organization based in Bronx, NY, classified under NTEE code A510. The organization reported total revenue of $6.9M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bronx Museum Of The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bronx Museum Of The Arts is a mid-size nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-717,647 |
| Total Assets | $5.9M |
| Total Liabilities | $336K |
| Net Assets | $5.6M |
| Operating Margin | -20.6% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 16.9 months |
Financial Health Grade: B
In 2023, Bronx Museum Of The Arts reported a deficit of $718K with expenses exceeding revenue, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bronx Museum Of The Arts's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.9% | +19.8% | -11.2% |
| 2022 | +26.9% | +25.0% | +15.1% |
| 2021 | +30.1% | -27.4% | +26.5% |
| 2020 | -26.0% | -0.1% | -13.0% |
| 2019 | -25.5% | -3.1% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Bronx Museum Of The Arts with a Mission Score of 75 out of 100 (Good). 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, Bronx Museum Of The Arts 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 $718K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a volunteer executive leadership or compensation levels that fall below IRS reporting thresholds, which is highly unusual for an organization with revenues exceeding $3 million annually.
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 Bronx Museum Of The Arts's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency regarding executive pay structures or a reliance on external entities for compensation.
- Operating deficit of $717,647 in the 202306 fiscal period (Expenses $4,197,308 vs. Revenue $3,479,661), indicating spending exceeded income.
- Decline in total assets from $6,669,442 in 202206 to $5,924,626 in 202306, reversing a previous growth trend.
Strengths
The following positive indicators were identified for Bronx Museum Of The Arts:
- Long-term growth in assets, increasing from $3,137,483 in 201406 to $5,924,626 in 202306, demonstrating financial resilience.
- Relatively low liabilities compared to assets, indicating strong solvency (e.g., $336,407 liabilities vs. $5,924,626 assets in 202306).
- Consistent filing of IRS Form 990s over 13 periods, indicating good regulatory compliance and transparency.
- Demonstrated ability to generate surpluses in multiple years (e.g., 202206, 202106, 201806, 201606, 201506).
Frequently Asked Questions about Bronx Museum Of The Arts
Is Bronx Museum Of The Arts a legitimate charity?
Bronx Museum Of The Arts (EIN: 132709368) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.9M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bronx Museum Of The Arts spend its money?
Bronx Museum Of The Arts directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bronx Museum Of The Arts tax-deductible?
Bronx Museum Of The Arts is registered as a tax-exempt nonprofit (EIN: 132709368). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bronx Museum Of The Arts CEO make?
Bronx Museum Of The Arts's highest-compensated officer earns $3 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bronx Museum Of The Arts's spending goes to programs?
Bronx Museum Of The Arts directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bronx Museum Of The Arts compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bronx Museum Of The Arts is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bronx Museum Of The Arts located?
Bronx Museum Of The Arts is headquartered in Bronx, New York and files with the IRS under EIN 132709368. It is classified under NTEE code A510.
How many years of IRS 990 filings does Bronx Museum Of The Arts have?
Bronx Museum Of The Arts 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 $6.9M in total revenue.
Why is officer compensation consistently reported as 0%?
The IRS 990 filings for the Bronx Museum Of The Arts consistently report 0% for officer compensation across all periods from 201406 to 202306. This could mean that executive leadership is entirely volunteer-based, or that compensation is paid through a related entity, or that individual compensation amounts are below the IRS reporting threshold for officers, directors, trustees, and key employees.
What caused the operating deficit in the 202306 fiscal period?
In the 202306 period, the organization reported expenses of $4,197,308 against revenues of $3,479,661, resulting in an operating deficit of $717,647. The specific causes are not detailed in the provided summary data but could be due to increased program costs, reduced grant funding, or lower attendance/donations post-pandemic.
How does the organization plan to address the recent decline in assets from 202206 to 202306?
Assets decreased from $6,669,442 in 202206 to $5,924,626 in 202306. This decline, coupled with the operating deficit in 202306, suggests a need for strategic financial planning to rebuild reserves and ensure long-term stability. The specific plans are not available in the provided data.
Filing History
IRS 990 filing history for Bronx Museum Of The Arts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bronx Museum Of The Arts's revenue has grown by 34.3%, moving from $2.6M to $3.5M. Total assets increased by 76.9% over the same period, from $3.3M to $5.9M. Total functional expenses rose by 80%, from $2.3M to $4.2M. In its most recent filing year (2023), Bronx Museum Of The Arts reported a deficit of $718K, with expenses exceeding revenue. The organization holds $336K in liabilities against $5.9M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $4.2M | $5.9M | $336K | — | View 990 |
| 2022 | $4.6M | $3.5M | $6.7M | $539K | — | View 990 |
| 2021 | $3.7M | $2.8M | $5.8M | $543K | — | View 990 |
| 2020 | $2.8M | $3.9M | $4.6M | $506K | — | View 990 |
| 2019 | $3.8M | $3.9M | $5.3M | $226K | — | View 990 |
| 2018 | $5.1M | $4.0M | $5.3M | $251K | — | View 990 |
| 2017 | $4.1M | $4.7M | $4.2M | $260K | — | View 990 |
| 2016 | $4.4M | $3.6M | $4.7M | $102K | — | View 990 |
| 2015 | $4.0M | $3.3M | $3.9M | $158K | — | View 990 |
| 2014 | $3.9M | $3.6M | $3.1M | $171K | — | View 990 |
| 2013 | $4.8M | $5.3M | $2.8M | $183K | — | View 990 |
| 2012 | $4.4M | $3.1M | $4.6M | $1.4M | — | View 990 |
| 2011 | $2.6M | $2.3M | $3.3M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $4.2M, and assets of $5.9M (revenue -24.9% year-over-year).
- 2022: Revenue of $4.6M, expenses of $3.5M, and assets of $6.7M (revenue +26.9% year-over-year).
- 2021: Revenue of $3.7M, expenses of $2.8M, and assets of $5.8M (revenue +30.1% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.9M, and assets of $4.6M (revenue -26.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.9M, and assets of $5.3M (revenue -25.5% year-over-year).
- 2018: Revenue of $5.1M, expenses of $4.0M, and assets of $5.3M (revenue +25.1% year-over-year).
- 2017: Revenue of $4.1M, expenses of $4.7M, and assets of $4.2M (revenue -8.2% year-over-year).
- 2016: Revenue of $4.4M, expenses of $3.6M, and assets of $4.7M (revenue +9.6% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.3M, and assets of $3.9M (revenue +5.0% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.6M, and assets of $3.1M (revenue -19.2% year-over-year).
- 2013: Revenue of $4.8M, expenses of $5.3M, and assets of $2.8M (revenue +7.7% year-over-year).
- 2012: Revenue of $4.4M, expenses of $3.1M, and assets of $4.6M (revenue +71.1% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.3M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bronx Museum Of The Arts:
Data Sources and Methodology
This transparency report for Bronx Museum Of The Arts 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.