George Eastman Museum

George Eastman Museum shows consistent revenue, growing assets, and no reported officer compensation over the past decade.

EIN: 160743991 · Rochester, NY · NTEE: A500 · Updated: 2026-03-28

$22.1MRevenue

$64.3MAssets

85/100Mission Score (Excellent)

A500

About George Eastman Museum

George Eastman Museum (EIN: 160743991) is a nonprofit organization based in Rochester, NY, classified under NTEE code A500. The organization reported total revenue of $22.1M and total assets of $64.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George Eastman Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The George Eastman Museum demonstrates a generally stable financial position with consistent revenue streams and growing assets. In 2022, the organization reported revenues of $12,602,150 against expenses of $8,979,580, indicating a healthy surplus. Over the past decade, assets have steadily increased from $49,738,162 in 2013 to $55,954,650 in 2022, suggesting sound financial management and investment. The museum's liabilities have remained relatively low compared to its assets, further reinforcing its financial stability.

Regarding spending efficiency, the provided data indicates that the organization consistently spends less than its revenue, leading to asset growth. While specific program, administrative, and fundraising expense breakdowns are not detailed in the provided summary, the overall financial health appears robust. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing executive overhead, which is a positive indicator for spending efficiency and donor confidence.

Transparency is generally good, with a consistent history of IRS 990 filings. The absence of reported officer compensation in the provided data is a notable point, suggesting either very low or no compensation for officers, or that it's reported under other categories not detailed here. Further detailed analysis of the full 990 forms would be necessary to fully assess program spending ratios and other operational efficiencies.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates George Eastman Museum with a Mission Score of 85 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: 80%
fundraising: 10%

According to IRS 990 filings, George Eastman Museum allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The George Eastman Museum consistently reports 0% officer compensation across all available filings from 2013 to 2022, which is highly unusual for an organization of its size with revenues exceeding $12 million in recent years. This suggests either that officers are uncompensated, or their compensation is categorized differently within the 990, requiring further investigation of the full filings.

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 George Eastman Museum's IRS 990 filings:

Unusually low or 0% reported officer compensation, which may warrant further investigation into the full 990 to understand how leadership is compensated or if it's miscategorized.

Strengths

The following positive indicators were identified for George Eastman Museum:

Consistent revenue growth over the past decade, from $7.5M in 2013 to $12.6M in 2022.
Steady increase in assets, growing from $49.7M in 2013 to $55.9M in 2022, demonstrating strong financial management.
Healthy financial surplus in recent years, with revenue significantly exceeding expenses (e.g., $12.6M revenue vs. $8.9M expenses in 2022).
Low liabilities relative to assets, indicating strong financial solvency.
Consistent filing of IRS 990 forms, demonstrating transparency.

Frequently Asked Questions about George Eastman Museum

Is the George Eastman Museum financially stable?

Yes, the George Eastman Museum appears financially stable, with consistent revenue growth (e.g., $12,602,150 in 2022) and a steady increase in assets from $49,738,162 in 2013 to $55,954,650 in 2022, while maintaining relatively low liabilities.

How does the museum manage executive compensation?

The provided data indicates 0% officer compensation across all filings from 2013 to 2022, which is an uncommon practice for an organization of this scale and suggests a potential for high efficiency in this area or alternative compensation structures not detailed in the summary.

Has the museum's revenue been growing?

Yes, the museum's revenue has shown growth, increasing from $7,540,403 in 2013 to $12,602,150 in 2022, with a notable jump in the latest reported period.

Are the museum's assets increasing over time?

Yes, the museum's assets have consistently grown, from $49,738,162 in 2013 to $55,954,650 in 2022, indicating strong financial health and accumulation of resources.

Filing History

IRS 990 filing history for George Eastman Museum showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), George Eastman Museum's revenue has grown by 111.9%, moving from $5.9M to $12.6M. Total assets increased by 20.7% over the same period, from $46.4M to $56.0M. Total functional expenses rose by 2.3%, from $8.8M to $9.0M. In its most recent filing year (2022), George Eastman Museum reported a surplus of $3.6M, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $56.0M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $51.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$12.6M	$9.0M	$56.0M	$4.6M	—	—
2021	$12.3M	$9.3M	$59.8M	$3.7M	—	View 990
2020	$9.8M	$8.6M	$54.4M	$3.2M	—	View 990
2019	$10.1M	$9.2M	$48.4M	$1.2M	—	View 990
2018	$9.8M	$9.5M	$43.4M	$1.0M	—	View 990
2017	$8.8M	$9.5M	$46.7M	$894K	—	View 990
2016	$8.1M	$10.1M	$44.6M	$905K	—	View 990
2015	$8.0M	$9.9M	$45.5M	$761K	—	View 990
2014	$8.5M	$9.7M	$48.9M	$799K	—	View 990
2013	$7.5M	$9.1M	$49.7M	$554K	—	View 990
2012	$6.3M	$8.7M	$46.7M	$492K	—	View 990
2011	$5.9M	$8.8M	$46.4M	$417K	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $12.6M, expenses of $9.0M, and assets of $56.0M (revenue +2.4% year-over-year).
2021: Revenue of $12.3M, expenses of $9.3M, and assets of $59.8M (revenue +25.9% year-over-year).
2020: Revenue of $9.8M, expenses of $8.6M, and assets of $54.4M (revenue -3.1% year-over-year).
2019: Revenue of $10.1M, expenses of $9.2M, and assets of $48.4M (revenue +2.6% year-over-year).
2018: Revenue of $9.8M, expenses of $9.5M, and assets of $43.4M (revenue +11.4% year-over-year).
2017: Revenue of $8.8M, expenses of $9.5M, and assets of $46.7M (revenue +9.5% year-over-year).
2016: Revenue of $8.1M, expenses of $10.1M, and assets of $44.6M (revenue +1.1% year-over-year).
2015: Revenue of $8.0M, expenses of $9.9M, and assets of $45.5M (revenue -6.3% year-over-year).
2014: Revenue of $8.5M, expenses of $9.7M, and assets of $48.9M (revenue +12.9% year-over-year).
2013: Revenue of $7.5M, expenses of $9.1M, and assets of $49.7M (revenue +20.6% year-over-year).
2012: Revenue of $6.3M, expenses of $8.7M, and assets of $46.7M (revenue +5.2% year-over-year).
2011: Revenue of $5.9M, expenses of $8.8M, and assets of $46.4M.

Data Sources and Methodology

This transparency report for George Eastman Museum 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.