Frick Collection
Frick Collection maintains robust financial health with significant asset growth and zero reported officer compensation.
EIN: 131624012 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $147.0M |
| Total Expenses | $29.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $695,604,881 |
| Net Assets | $538.5M |
| Transparency Score | 88/100 |
Is Frick Collection Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frick Collection directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frick Collection
Frick Collection (EIN: 131624012) is a nonprofit organization based in New York, NY. The organization reported total revenue of $147.0M and total assets of $695.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frick Collection's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frick Collection is a major nonprofit that has been operating for 87 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47.0M |
| Total Expenses | $29.2M |
| Surplus / Deficit | +$17.8M |
| Total Assets | $669.5M |
| Total Liabilities | $131.0M |
| Net Assets | $538.5M |
| Operating Margin | 37.8% |
| Debt-to-Asset Ratio | 19.6% |
| Months of Reserves | 274.8 months |
Financial Health Grade: A
In 2023, Frick Collection reported a surplus of $17.8M with revenue exceeding expenses, holds 274.8 months of operating reserves (strong position), has a debt-to-asset ratio of 19.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Frick Collection's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.3% | +19.7% | +24.1% |
| 2022 | +77.6% | +4.1% | -1.6% |
| 2021 | -47.5% | -46.0% | +18.9% |
| 2020 | +32.1% | +3.6% | +7.0% |
| 2019 | +50.6% | +27.4% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1939 |
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 Frick Collection 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, Frick Collection 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 surplus of $17.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size and asset base ($695,604,881). This suggests that compensation for key officers may be reported in other categories or is not directly paid from the organization's operational budget, requiring further scrutiny for full transparency.
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 Frick Collection's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this size and requires further investigation for full transparency.
Strengths
The following positive indicators were identified for Frick Collection:
- Strong and growing asset base, reaching $695,604,881 in the latest period.
- Revenue consistently exceeds expenses in most years, indicating sound financial management.
- Significant financial reserves, with assets far outweighing liabilities.
- Apparent commitment to transparency regarding executive compensation, even if the 0% figure requires clarification.
Frequently Asked Questions about Frick Collection
Is Frick Collection a legitimate charity?
Based on AI analysis of IRS 990 filings, Frick Collection (EIN: 131624012) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Frick Collection spend its money?
Frick Collection directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Frick Collection tax-deductible?
Frick Collection is registered as a tax-exempt nonprofit (EIN: 131624012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Frick Collection CEO make?
Frick Collection's highest-compensated officer earns $695,604,881 annually. The organization reported $147.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Frick Collection's spending goes to programs?
Frick Collection directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Frick Collection located?
Frick Collection is headquartered in New York, New York and files with the IRS under EIN 131624012.
How many years of IRS 990 filings does Frick Collection have?
Frick Collection 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 $147.0M in total revenue.
Is Frick Collection a good charity?
Based on its strong financial health, significant asset base, and consistent reporting of 0% officer compensation, The Frick Collection appears to be a well-managed organization. Its ability to maintain substantial assets and manage expenses effectively suggests a strong capacity to fulfill its mission. However, the lack of reported officer compensation warrants further investigation for complete transparency.
How does Frick Collection manage its expenses relative to its revenue?
The Frick Collection generally manages its expenses well below its revenue. For instance, in 2023, revenue was $47,000,287 while expenses were $29,233,056, indicating a healthy surplus. This trend is consistent across most years, allowing for significant asset accumulation.
What is the trend in Frick Collection's assets and liabilities?
The Frick Collection has shown consistent growth in its assets, increasing from $358,402,087 in 2014 to $669,514,480 in 2023. Liabilities have also increased but remain significantly lower than assets, indicating a strong balance sheet. For example, in 2023, liabilities were $131,035,623 against assets of $669,514,480.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this scale. This could mean that executive salaries are reported under different expense categories, paid by an affiliated entity, or that the individuals serving as officers are uncompensated volunteers. Further clarification would be needed to understand the full compensation structure for key personnel.
Filing History
IRS 990 filing history for Frick Collection showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Frick Collection's revenue has grown by 25.4%, moving from $37.5M to $47.0M. Total assets increased by 131.5% over the same period, from $289.2M to $669.5M. Total functional expenses rose by 42.5%, from $20.5M to $29.2M. In its most recent filing year (2023), Frick Collection reported a surplus of $17.8M, with revenue exceeding expenses. The organization holds $131.0M in liabilities against $669.5M in assets (debt-to-asset ratio: 19.6%), resulting in net assets of $538.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47.0M | $29.2M | $669.5M | $131.0M | — | — |
| 2022 | $67.5M | $24.4M | $539.5M | $24.7M | — | View 990 |
| 2021 | $38.0M | $23.4M | $548.3M | $36.5M | — | View 990 |
| 2020 | $72.4M | $43.4M | $461.0M | $41.5M | — | View 990 |
| 2019 | $54.8M | $41.9M | $430.9M | $29.4M | — | View 990 |
| 2018 | $36.4M | $32.9M | $420.2M | $21.3M | — | View 990 |
| 2017 | $67.3M | $24.9M | $402.5M | $13.9M | — | View 990 |
| 2016 | $29.1M | $43.1M | $336.9M | $20.6M | — | View 990 |
| 2015 | $37.7M | $31.7M | $356.5M | $11.6M | — | View 990 |
| 2014 | $41.0M | $26.9M | $358.4M | $10.4M | — | View 990 |
| 2013 | $29.5M | $23.5M | $302.9M | $9.0M | — | View 990 |
| 2012 | $24.8M | $27.4M | $270.6M | $10.5M | — | View 990 |
| 2011 | $37.5M | $20.5M | $289.2M | $10.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47.0M, expenses of $29.2M, and assets of $669.5M (revenue -30.3% year-over-year).
- 2022: Revenue of $67.5M, expenses of $24.4M, and assets of $539.5M (revenue +77.6% year-over-year).
- 2021: Revenue of $38.0M, expenses of $23.4M, and assets of $548.3M (revenue -47.5% year-over-year).
- 2020: Revenue of $72.4M, expenses of $43.4M, and assets of $461.0M (revenue +32.1% year-over-year).
- 2019: Revenue of $54.8M, expenses of $41.9M, and assets of $430.9M (revenue +50.6% year-over-year).
- 2018: Revenue of $36.4M, expenses of $32.9M, and assets of $420.2M (revenue -45.9% year-over-year).
- 2017: Revenue of $67.3M, expenses of $24.9M, and assets of $402.5M (revenue +131.7% year-over-year).
- 2016: Revenue of $29.1M, expenses of $43.1M, and assets of $336.9M (revenue -23.0% year-over-year).
- 2015: Revenue of $37.7M, expenses of $31.7M, and assets of $356.5M (revenue -7.9% year-over-year).
- 2014: Revenue of $41.0M, expenses of $26.9M, and assets of $358.4M (revenue +38.9% year-over-year).
- 2013: Revenue of $29.5M, expenses of $23.5M, and assets of $302.9M (revenue +19.1% year-over-year).
- 2012: Revenue of $24.8M, expenses of $27.4M, and assets of $270.6M (revenue -33.9% year-over-year).
- 2011: Revenue of $37.5M, expenses of $20.5M, and assets of $289.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frick Collection:
Data Sources and Methodology
This transparency report for Frick Collection 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.