Cy Twombly Foundation
Cy Twombly Foundation maintains over $1.5 billion in assets despite recent years of expenses exceeding revenue.
EIN: 202572529 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $67.2M |
| Total Expenses | $28.9M |
| Program Spending | 80% |
| Net Assets | $1.5B |
| Transparency Score | 75/100 |
Is Cy Twombly Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cy Twombly Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cy Twombly Foundation
Cy Twombly Foundation (EIN: 202572529) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $67.2M and total assets of $1.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cy Twombly Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cy Twombly Foundation is a major nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.1M |
| Total Expenses | $28.9M |
| Surplus / Deficit | $-5,803,768 |
| Total Assets | $1.5B |
| Total Liabilities | $1 |
| Net Assets | $1.5B |
| Operating Margin | -25.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 627.3 months |
Financial Health Grade: B
In 2023, Cy Twombly Foundation reported a deficit of $5.8M with expenses exceeding revenue, holds 627.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cy Twombly Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +176.0% | +145.1% | +0.5% |
| 2022 | -11.9% | -0.1% | -1.4% |
| 2021 | +58.6% | -39.2% | +0.4% |
| 2020 | +16.4% | +95.5% | +0.0% |
| 2019 | -63.4% | +33.4% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Cy Twombly Foundation 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: 80%
- fundraising: 5%
According to IRS 990 filings, Cy Twombly Foundation 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 deficit of $5.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Cy Twombly Foundation consistently reports 0% officer compensation across all provided filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and asset base.
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 Cy Twombly Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, relying on endowment.
- Unusually high asset base with relatively low and fluctuating operational revenue.
- Lack of detailed expense breakdown in provided data makes precise program spending assessment difficult.
Strengths
The following positive indicators were identified for Cy Twombly Foundation:
- Exceptional financial stability with over $1.5 billion in assets.
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Minimal liabilities reported across most filings, demonstrating strong debt management.
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about Cy Twombly Foundation
Is Cy Twombly Foundation a legitimate charity?
Cy Twombly Foundation (EIN: 202572529) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $67.2M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Cy Twombly Foundation spend its money?
Cy Twombly Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cy Twombly Foundation tax-deductible?
Cy Twombly Foundation is registered as a tax-exempt nonprofit (EIN: 202572529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cy Twombly Foundation's spending goes to programs?
Cy Twombly Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cy Twombly Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cy Twombly Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cy Twombly Foundation located?
Cy Twombly Foundation is headquartered in New York, New York and files with the IRS under EIN 202572529. It is classified under NTEE code T20.
How many years of IRS 990 filings does Cy Twombly Foundation have?
Cy Twombly Foundation has 10 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 $67.2M in total revenue.
Is the Cy Twombly Foundation financially sustainable given its recent expense-to-revenue trends?
While recent years show expenses exceeding revenue (e.g., 2023: $28.8M expenses vs. $23.0M revenue), the foundation's substantial asset base of over $1.5 billion provides significant financial stability and likely covers these operational deficits, suggesting long-term sustainability through its endowment.
How does the foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual. It suggests that leadership roles may be filled by volunteers, or compensation is structured in a way not reported as 'officer compensation' on the 990, or expenses are covered by other entities. Further investigation into the foundation's operational model would be needed.
What is the primary source of the foundation's revenue and how does it relate to its mission?
The revenue figures fluctuate significantly, with a peak of $1.47 billion in 2012, likely from a major asset transfer or sale. More recent revenues are much lower. Given the NTEE code T20 (Arts, Culture, Humanities), revenue likely comes from investment returns on its substantial assets, art sales, or donations, all supporting its mission related to Cy Twombly's legacy.
What are the specific program activities funded by the foundation?
The provided data does not detail specific program activities. Given its NTEE code and name, programs likely involve preserving, exhibiting, and promoting the art and legacy of Cy Twombly, such as maintaining archives, supporting exhibitions, or educational initiatives.
Filing History
IRS 990 filing history for Cy Twombly Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cy Twombly Foundation's revenue has declined by 71.3%, moving from $80.5M to $23.1M. Total assets increased by 2053.7% over the same period, from $70.1M to $1.5B. Total functional expenses rose by 94.7%, from $14.8M to $28.9M. In its most recent filing year (2023), Cy Twombly Foundation reported a deficit of $5.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5B in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.1M | $28.9M | $1.5B | $1 | — | — |
| 2022 | $8.4M | $11.8M | $1.5B | $1 | — | View 990 |
| 2021 | $9.5M | $11.8M | $1.5B | $1 | — | View 990 |
| 2020 | $6.0M | $19.4M | $1.5B | $1 | — | View 990 |
| 2019 | $5.1M | $9.9M | $1.5B | $0 | — | View 990 |
| 2015 | $14.1M | $7.4M | $1.5B | $1 | — | View 990 |
| 2014 | $14.2M | $91.4M | $1.5B | $148K | — | View 990 |
| 2013 | $7.7M | $7.5M | $1.5B | $250K | — | View 990 |
| 2012 | $1.5B | $6.6M | $1.5B | $5.3M | — | View 990 |
| 2011 | $80.5M | $14.8M | $70.1M | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.1M, expenses of $28.9M, and assets of $1.5B (revenue +176.0% year-over-year).
- 2022: Revenue of $8.4M, expenses of $11.8M, and assets of $1.5B (revenue -11.9% year-over-year).
- 2021: Revenue of $9.5M, expenses of $11.8M, and assets of $1.5B (revenue +58.6% year-over-year).
- 2020: Revenue of $6.0M, expenses of $19.4M, and assets of $1.5B (revenue +16.4% year-over-year).
- 2019: Revenue of $5.1M, expenses of $9.9M, and assets of $1.5B (revenue -63.4% year-over-year).
- 2015: Revenue of $14.1M, expenses of $7.4M, and assets of $1.5B (revenue -1.2% year-over-year).
- 2014: Revenue of $14.2M, expenses of $91.4M, and assets of $1.5B (revenue +85.6% year-over-year).
- 2013: Revenue of $7.7M, expenses of $7.5M, and assets of $1.5B (revenue -99.5% year-over-year).
- 2012: Revenue of $1.5B, expenses of $6.6M, and assets of $1.5B (revenue +1731.1% year-over-year).
- 2011: Revenue of $80.5M, expenses of $14.8M, and assets of $70.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cy Twombly Foundation:
Data Sources and Methodology
This transparency report for Cy Twombly 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.