Building For The Arts Ny Inc
Building For The Arts Ny Inc maintains stable assets and reports no officer compensation despite fluctuating revenues.
EIN: 132852371 · New York, NY · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.9M |
| Total Expenses | $5.4M |
| Program Spending | 85% |
| Net Assets | $26.6M |
| Transparency Score | 88/100 |
Is Building For The Arts Ny Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Building For The Arts Ny Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Building For The Arts Ny Inc
Building For The Arts Ny Inc (EIN: 132852371) is a nonprofit organization based in New York, NY, classified under NTEE code S20. The organization reported total revenue of $16.9M and total assets of $27.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building For The Arts Ny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building For The Arts Ny Inc is a large nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-1,472,505 |
| Total Assets | $28.0M |
| Total Liabilities | $1.4M |
| Net Assets | $26.6M |
| Operating Margin | -37.2% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 61.8 months |
Financial Health Grade: B
In 2023, Building For The Arts Ny Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 61.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Building For The Arts Ny Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.9% | +8.3% | +0.5% |
| 2022 | -49.3% | +27.8% | -7.6% |
| 2021 | +218.9% | +26.5% | +9.3% |
| 2020 | -57.1% | -16.0% | -2.7% |
| 2019 | +5.8% | +16.1% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Building For The Arts Ny Inc with a Mission Score of 88 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, Building For The Arts Ny Inc 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 $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for directing funds to its mission.
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.
Strengths
The following positive indicators were identified for Building For The Arts Ny Inc:
- Consistent reporting of 0% officer compensation, indicating resources are directed to programs.
- Stable asset base (e.g., $27,988,097 in 2023) despite revenue fluctuations.
- Low liabilities relative to assets (e.g., $1,433,323 liabilities vs. $27,988,097 assets in 2023), indicating good financial health.
- Long filing history (14 filings) suggests consistent operation and compliance.
Frequently Asked Questions about Building For The Arts Ny Inc
Is Building For The Arts Ny Inc a legitimate charity?
Building For The Arts Ny Inc (EIN: 132852371) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 14 years of IRS 990 filings on record. Total revenue: $16.9M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Building For The Arts Ny Inc spend its money?
Building For The Arts Ny Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Building For The Arts Ny Inc tax-deductible?
Building For The Arts Ny Inc is registered as a tax-exempt nonprofit (EIN: 132852371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Building For The Arts Ny Inc's spending goes to programs?
Building For The Arts Ny Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Building For The Arts Ny Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Building For The Arts Ny Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Building For The Arts Ny Inc located?
Building For The Arts Ny Inc is headquartered in New York, New York and files with the IRS under EIN 132852371. It is classified under NTEE code S20.
How many years of IRS 990 filings does Building For The Arts Ny Inc have?
Building For The Arts Ny Inc has 14 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 $16.9M in total revenue.
Is Building For The Arts Ny Inc a good charity?
Based on the available data, Building For The Arts Ny Inc appears to be a good charity. It maintains a stable asset base, low liabilities, and consistently reports 0% officer compensation, suggesting a strong focus on its mission and efficient use of funds.
How has Building For The Arts Ny Inc's revenue trended over the past few years?
Building For The Arts Ny Inc's revenue has fluctuated significantly, from a high of $6,152,789 in 2021 to a low of $1,929,123 in 2020, and most recently $3,960,951 in 2023.
What is the organization's financial stability?
The organization demonstrates good financial stability with a consistent asset base, generally around $27 million, and relatively low liabilities, such as $1,433,323 in 2023, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Building For The Arts Ny Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Building For The Arts Ny Inc's revenue has grown by 49.1%, moving from $2.7M to $4.0M. Total assets increased by 32.8% over the same period, from $21.1M to $28.0M. Total functional expenses rose by 108%, from $2.6M to $5.4M. In its most recent filing year (2023), Building For The Arts Ny Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $28.0M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $26.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $5.4M | $28.0M | $1.4M | — | — |
| 2022 | $3.1M | $5.0M | $27.8M | $1.4M | — | View 990 |
| 2021 | $6.2M | $3.9M | $30.1M | $1.2M | — | View 990 |
| 2020 | $1.9M | $3.1M | $27.6M | $888K | — | — |
| 2019 | $4.5M | $3.7M | $28.3M | $726K | — | View 990 |
| 2018 | $4.3M | $3.2M | $26.3M | $842K | — | View 990 |
| 2017 | $4.5M | $3.1M | $27.2M | $734K | — | View 990 |
| 2016 | $3.9M | $3.0M | $25.3M | $714K | — | View 990 |
| 2015 | $3.3M | $2.8M | $23.7M | $751K | — | View 990 |
| 2015 | $3.6M | $3.0M | $23.9M | $639K | — | View 990 |
| 2014 | $3.3M | $2.7M | $23.1M | $534K | — | View 990 |
| 2013 | $2.9M | $2.8M | $21.8M | $525K | — | View 990 |
| 2012 | $2.7M | $2.5M | $21.2M | $803K | — | View 990 |
| 2011 | $2.7M | $2.6M | $21.1M | $741K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $5.4M, and assets of $28.0M (revenue +26.9% year-over-year).
- 2022: Revenue of $3.1M, expenses of $5.0M, and assets of $27.8M (revenue -49.3% year-over-year).
- 2021: Revenue of $6.2M, expenses of $3.9M, and assets of $30.1M (revenue +218.9% year-over-year).
- 2020: Revenue of $1.9M, expenses of $3.1M, and assets of $27.6M (revenue -57.1% year-over-year).
- 2019: Revenue of $4.5M, expenses of $3.7M, and assets of $28.3M (revenue +5.8% year-over-year).
- 2018: Revenue of $4.3M, expenses of $3.2M, and assets of $26.3M (revenue -5.3% year-over-year).
- 2017: Revenue of $4.5M, expenses of $3.1M, and assets of $27.2M (revenue +15.8% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.0M, and assets of $25.3M (revenue +18.6% year-over-year).
- 2015: Revenue of $3.3M, expenses of $2.8M, and assets of $23.7M (revenue -10.4% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.0M, and assets of $23.9M (revenue +11.6% year-over-year).
- 2014: Revenue of $3.3M, expenses of $2.7M, and assets of $23.1M (revenue +12.5% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.8M, and assets of $21.8M (revenue +7.9% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.5M, and assets of $21.2M (revenue +1.4% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.6M, and assets of $21.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building For The Arts Ny Inc:
Data Sources and Methodology
This transparency report for Building For The Arts Ny Inc 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.