Friends Of Bezalel Academy Of Arts And Designs Inc
Friends Of Bezalel Academy experiences volatile revenue and asset levels, with recent expenses exceeding income.
EIN: 132952614 · New York, NY · NTEE: A110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $5.6M |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Friends Of Bezalel Academy Of Arts And Designs Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Bezalel Academy Of Arts And Designs Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Bezalel Academy Of Arts And Designs Inc
Friends Of Bezalel Academy Of Arts And Designs Inc (EIN: 132952614) is a nonprofit organization based in New York, NY, classified under NTEE code A110. The organization reported total revenue of $2.8M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Bezalel Academy Of Arts And Designs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Bezalel Academy Of Arts And Designs Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-617,612 |
| Total Assets | $1.2M |
| Total Liabilities | $16K |
| Net Assets | $1.2M |
| Operating Margin | -12.5% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Friends Of Bezalel Academy Of Arts And Designs Inc reported a deficit of $618K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Bezalel Academy Of Arts And Designs Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.4% | -27.7% | -55.7% |
| 2022 | -62.6% | -65.6% | +33.0% |
| 2021 | +399.6% | +377.6% | -12.5% |
| 2020 | +102.9% | +19.4% | -48.0% |
| 2019 | -67.8% | -37.8% | -48.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
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 Friends Of Bezalel Academy Of Arts And Designs 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Of Bezalel Academy Of Arts And Designs 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 $618K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
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 highly unusual for an organization of its size and revenue fluctuations. This suggests either a fully volunteer-led executive team or that compensation is reported under different categories, which would require further investigation 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 Friends Of Bezalel Academy Of Arts And Designs Inc's IRS 990 filings:
- Significant revenue volatility, peaking at $22.5M in 2021 and dropping to $4.9M in 2023.
- Expenses ($5,565,091) exceeded revenue ($4,947,479) in 2023, indicating a deficit.
- Substantial decrease in assets from $9,837,151 in 2017 to $1,202,329 in 2023.
- Consistent 0% officer compensation, which is unusual for an organization of this scale and could indicate a lack of transparency in reporting executive benefits.
Strengths
The following positive indicators were identified for Friends Of Bezalel Academy Of Arts And Designs Inc:
- Consistently reports 0% officer compensation, suggesting a strong commitment to program spending over executive salaries.
- Demonstrated ability to attract significant funding, with revenue reaching over $22 million in 2021.
- Maintains a positive asset base, even with fluctuations, indicating some financial reserves.
Frequently Asked Questions about Friends Of Bezalel Academy Of Arts And Designs Inc
Is Friends Of Bezalel Academy Of Arts And Designs Inc a legitimate charity?
Friends Of Bezalel Academy Of Arts And Designs Inc (EIN: 132952614) 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: $2.8M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Friends Of Bezalel Academy Of Arts And Designs Inc spend its money?
Friends Of Bezalel Academy Of Arts And Designs Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Friends Of Bezalel Academy Of Arts And Designs Inc tax-deductible?
Friends Of Bezalel Academy Of Arts And Designs Inc is registered as a tax-exempt nonprofit (EIN: 132952614). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Bezalel Academy Of Arts And Designs Inc's spending goes to programs?
Friends Of Bezalel Academy Of Arts And Designs Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Bezalel Academy Of Arts And Designs Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friends Of Bezalel Academy Of Arts And Designs Inc is above average for NTEE category A110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Bezalel Academy Of Arts And Designs Inc located?
Friends Of Bezalel Academy Of Arts And Designs Inc is headquartered in New York, New York and files with the IRS under EIN 132952614. It is classified under NTEE code A110.
How many years of IRS 990 filings does Friends Of Bezalel Academy Of Arts And Designs Inc have?
Friends Of Bezalel Academy Of Arts And Designs Inc 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 $2.8M in total revenue.
Is Friends Of Bezalel Academy Of Arts And Designs Inc a good charity?
The organization exhibits strong program focus by reporting 0% officer compensation, suggesting funds are directed to its mission. However, its financial stability is a concern due to significant revenue volatility and recent deficits, such as expenses exceeding revenue by over $600,000 in 2023.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with revenues reaching tens of millions. This could indicate a fully volunteer executive team or that compensation is categorized differently, which would require deeper scrutiny of their financial statements for clarity.
What caused the significant drop in assets from $9,837,151 in 2017 to $1,202,329 in 2023?
The substantial decrease in assets over this period, particularly the sharp decline from $2,712,190 in 2022 to $1,202,329 in 2023, suggests significant expenditures, asset divestment, or financial losses that warrant further investigation into the organization's balance sheet and investment activities.
How does the organization manage its financial stability with such volatile revenue?
The organization's revenue has fluctuated dramatically, from $929,227 in 2015 to $22,554,800 in 2021, and then down to $4,947,479 in 2023. This volatility, coupled with periods where expenses exceed revenue (e.g., 2023, 2019), raises questions about its long-term financial planning and ability to sustain operations without consistent funding.
Filing History
IRS 990 filing history for Friends Of Bezalel Academy Of Arts And Designs Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Bezalel Academy Of Arts And Designs Inc's revenue has grown by 589%, moving from $718K to $4.9M. Total assets decreased by 60.6% over the same period, from $3.1M to $1.2M. Total functional expenses rose by 678.6%, from $715K to $5.6M. In its most recent filing year (2023), Friends Of Bezalel Academy Of Arts And Designs Inc reported a deficit of $618K, with expenses exceeding revenue. The organization holds $16K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $5.6M | $1.2M | $16K | — | — |
| 2022 | $8.4M | $7.7M | $2.7M | $2K | — | — |
| 2021 | $22.6M | $22.3M | $2.0M | $14K | — | View 990 |
| 2020 | $4.5M | $4.7M | $2.3M | $1.5M | — | View 990 |
| 2019 | $2.2M | $3.9M | $4.5M | $3.5M | — | View 990 |
| 2018 | $6.9M | $6.3M | $8.7M | $6.0M | — | View 990 |
| 2017 | $9.0M | $9.2M | $9.8M | $7.5M | — | View 990 |
| 2016 | $3.1M | $3.1M | $5.0M | $2.5M | — | View 990 |
| 2015 | $929K | $1.1M | $3.2M | $618K | — | View 990 |
| 2014 | $801K | $691K | $3.1M | $377K | — | View 990 |
| 2013 | $2.8M | $2.9M | $2.9M | $290K | — | View 990 |
| 2012 | $812K | $857K | $2.8M | $234K | — | View 990 |
| 2011 | $718K | $715K | $3.1M | $324K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $5.6M, and assets of $1.2M (revenue -41.4% year-over-year).
- 2022: Revenue of $8.4M, expenses of $7.7M, and assets of $2.7M (revenue -62.6% year-over-year).
- 2021: Revenue of $22.6M, expenses of $22.3M, and assets of $2.0M (revenue +399.6% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.7M, and assets of $2.3M (revenue +102.9% year-over-year).
- 2019: Revenue of $2.2M, expenses of $3.9M, and assets of $4.5M (revenue -67.8% year-over-year).
- 2018: Revenue of $6.9M, expenses of $6.3M, and assets of $8.7M (revenue -23.2% year-over-year).
- 2017: Revenue of $9.0M, expenses of $9.2M, and assets of $9.8M (revenue +191.5% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.1M, and assets of $5.0M (revenue +232.4% year-over-year).
- 2015: Revenue of $929K, expenses of $1.1M, and assets of $3.2M (revenue +16.0% year-over-year).
- 2014: Revenue of $801K, expenses of $691K, and assets of $3.1M (revenue -71.8% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.9M, and assets of $2.9M (revenue +249.6% year-over-year).
- 2012: Revenue of $812K, expenses of $857K, and assets of $2.8M (revenue +13.0% year-over-year).
- 2011: Revenue of $718K, expenses of $715K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Bezalel Academy Of Arts And Designs Inc:
Data Sources and Methodology
This transparency report for Friends Of Bezalel Academy Of Arts And Designs 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.