College Art Association Of America Inc
College Art Association faces recent operating deficits despite strong asset base and no reported officer compensation.
EIN: 131671148 · New York, NY · NTEE: A030 · Updated: 2026-03-28
Is College Art Association Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
College Art Association Of America Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About College Art Association Of America Inc
College Art Association Of America Inc (EIN: 131671148) is a nonprofit organization based in New York, NY, classified under NTEE code A030. The organization reported total revenue of $8.0M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of College Art Association Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
College Art Association Of America Inc is a mid-size nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-464,212 |
| Total Assets | $13.1M |
| Total Liabilities | $1.9M |
| Net Assets | $11.2M |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 47.9 months |
Financial Health Grade: B
In 2023, College Art Association Of America Inc reported a deficit of $464K with expenses exceeding revenue, holds 47.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), College Art Association Of America Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.3% | +1.7% | +12.3% |
| 2022 | -8.3% | -1.1% | -14.2% |
| 2021 | -20.4% | -11.9% | +21.4% |
| 2020 | +28.5% | -8.5% | +5.0% |
| 2019 | -7.2% | -6.7% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 College Art Association Of America Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, College Art Association Of America Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $464K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.7%.
Executive Compensation Analysis
The College Art Association Of America Inc consistently reports 0% for officer compensation across all 13 filings, indicating either a volunteer leadership structure or compensation categorized differently, which is a strong positive for minimizing executive overhead relative to the organization's size and revenue.
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 College Art Association Of America Inc's IRS 990 filings:
- Expenses exceeding revenue in recent fiscal periods (e.g., 2023: $3.28M expenses vs. $2.81M revenue)
- Significant drop in revenue from $8,039,103 (latest reported) to $2,816,352 in 2023, indicating potential volatility or a change in reporting.
Strengths
The following positive indicators were identified for College Art Association Of America Inc:
- Strong and consistent asset base, exceeding $10 million for over a decade ($13,085,791 in 2023).
- No reported officer compensation across all 13 filings, indicating efficient use of funds at the executive level.
- Consistent filing of IRS 990s over 13 periods demonstrates a commitment to transparency and compliance.
Frequently Asked Questions about College Art Association Of America Inc
Is College Art Association Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, College Art Association Of America Inc (EIN: 131671148) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does College Art Association Of America Inc spend its money?
College Art Association Of America Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to College Art Association Of America Inc tax-deductible?
College Art Association Of America Inc is registered as a tax-exempt nonprofit (EIN: 131671148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is College Art Association Of America Inc financially sustainable given recent deficits?
While the organization has a strong asset base of over $13 million, the recent trend of expenses exceeding revenue (e.g., $3.28M expenses vs. $2.81M revenue in 2023) suggests a need to address operational deficits for long-term sustainability.
How does the organization fund its operations without reported officer compensation?
The consistent 0% officer compensation reported on IRS 990s implies that leadership may be volunteer-based or compensated through mechanisms not classified as 'officer compensation,' which would require reviewing the full 990 for details on other salaries and benefits.
What is the primary source of the organization's revenue?
The provided data only shows total revenue. To understand the primary sources (e.g., membership dues, grants, conferences), one would need to examine the detailed revenue breakdown in the full IRS 990 filings.
Filing History
IRS 990 filing history for College Art Association Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), College Art Association Of America Inc's revenue has declined by 39.7%, moving from $4.7M to $2.8M. Total assets increased by 35.5% over the same period, from $9.7M to $13.1M. Total functional expenses fell by 22.8%, from $4.2M to $3.3M. In its most recent filing year (2023), College Art Association Of America Inc reported a deficit of $464K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $13.1M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.3M | $13.1M | $1.9M | — | View 990 |
| 2022 | $3.8M | $3.2M | $11.7M | $1.0M | — | View 990 |
| 2021 | $4.2M | $3.3M | $13.6M | $1.5M | — | View 990 |
| 2020 | $5.2M | $3.7M | $11.2M | $1.6M | — | View 990 |
| 2019 | $4.1M | $4.0M | $10.6M | $1.3M | — | View 990 |
| 2018 | $4.4M | $4.3M | $10.4M | $1.4M | — | View 990 |
| 2017 | $4.4M | $4.8M | $10.8M | $1.8M | — | View 990 |
| 2016 | $4.5M | $4.8M | $10.5M | $1.6M | — | View 990 |
| 2015 | $5.3M | $4.7M | $11.1M | $1.7M | — | View 990 |
| 2014 | $4.7M | $4.9M | $11.1M | $1.7M | — | View 990 |
| 2013 | $5.3M | $5.0M | $10.5M | $1.7M | — | View 990 |
| 2012 | $4.4M | $4.9M | $9.5M | $1.8M | — | View 990 |
| 2011 | $4.7M | $4.2M | $9.7M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.3M, and assets of $13.1M (revenue -26.3% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.2M, and assets of $11.7M (revenue -8.3% year-over-year).
- 2021: Revenue of $4.2M, expenses of $3.3M, and assets of $13.6M (revenue -20.4% year-over-year).
- 2020: Revenue of $5.2M, expenses of $3.7M, and assets of $11.2M (revenue +28.5% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.0M, and assets of $10.6M (revenue -7.2% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.3M, and assets of $10.4M (revenue +0.3% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.8M, and assets of $10.8M (revenue -1.8% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.8M, and assets of $10.5M (revenue -16.5% year-over-year).
- 2015: Revenue of $5.3M, expenses of $4.7M, and assets of $11.1M (revenue +14.3% year-over-year).
- 2014: Revenue of $4.7M, expenses of $4.9M, and assets of $11.1M (revenue -11.0% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.0M, and assets of $10.5M (revenue +18.5% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.9M, and assets of $9.5M (revenue -5.0% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.2M, and assets of $9.7M.
Data Sources and Methodology
This transparency report for College Art Association Of America 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.