Joan Mitchell Foundation Inc
Joan Mitchell Foundation consistently maintains significant assets and operates with a surplus, reporting zero officer compensation.
EIN: 113161054 · New York, NY · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53.1M |
| Total Expenses | $8.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $162,803,130 |
| Net Assets | $160.4M |
| Transparency Score | 90/100 |
Is Joan Mitchell Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joan Mitchell Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joan Mitchell Foundation Inc
Joan Mitchell Foundation Inc (EIN: 113161054) is a nonprofit organization based in New York, NY, classified under NTEE code A20. The organization reported total revenue of $53.1M and total assets of $181.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joan Mitchell Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joan Mitchell Foundation Inc is a major nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.3M |
| Total Expenses | $8.1M |
| Surplus / Deficit | +$3.2M |
| Total Assets | $162.8M |
| Total Liabilities | $2.4M |
| Net Assets | $160.4M |
| Operating Margin | 28.6% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 241.2 months |
Financial Health Grade: A
In 2023, Joan Mitchell Foundation Inc reported a surplus of $3.2M with revenue exceeding expenses, holds 241.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Joan Mitchell Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | +1.3% | +11.5% |
| 2022 | +62.6% | -3.1% | -10.5% |
| 2021 | +146.0% | -0.6% | +4.9% |
| 2020 | -87.0% | -1.5% | +2.1% |
| 2019 | +15.1% | -5.1% | +27.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
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 Joan Mitchell Foundation Inc with a Mission Score of 90 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, Joan Mitchell Foundation 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 surplus of $3.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
The Joan Mitchell Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base ($162,803,130 in 2023). This suggests either a volunteer leadership structure or that compensation is reported under other categories, warranting further investigation for complete 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 Joan Mitchell Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may warrant deeper inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Joan Mitchell Foundation Inc:
- Strong and consistent financial surpluses, demonstrating excellent financial management (e.g., $3,243,475 surplus in 2023).
- Substantial and growing asset base, increasing from $73 million in 2011 to over $162 million in 2023.
- Zero officer compensation reported across all filings, indicating a highly cost-efficient leadership structure or volunteer leadership.
- Consistent revenue generation, with latest reported revenue at $11,342,384 in 2023.
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $2,432,048 liabilities vs. $162,803,130 assets in 2023).
Frequently Asked Questions about Joan Mitchell Foundation Inc
Is Joan Mitchell Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joan Mitchell Foundation Inc (EIN: 113161054) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Joan Mitchell Foundation Inc spend its money?
Joan Mitchell Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joan Mitchell Foundation Inc tax-deductible?
Joan Mitchell Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113161054). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Joan Mitchell Foundation Inc CEO make?
Joan Mitchell Foundation Inc's highest-compensated officer earns $162,803,130 annually. The organization reported $53.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Joan Mitchell Foundation Inc's spending goes to programs?
Joan Mitchell Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joan Mitchell Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Joan Mitchell Foundation Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joan Mitchell Foundation Inc located?
Joan Mitchell Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 113161054. It is classified under NTEE code A20.
How many years of IRS 990 filings does Joan Mitchell Foundation Inc have?
Joan Mitchell Foundation Inc 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 $53.1M in total revenue.
Is the Joan Mitchell Foundation Inc. financially stable?
Yes, the foundation is highly financially stable, consistently reporting significant surpluses (e.g., $3,243,475 in 2023) and growing assets, which reached $162,803,130 in 2023.
How does the Joan Mitchell Foundation Inc. manage executive compensation?
The foundation reports 0% officer compensation across all available filings, which is a strong indicator of either a volunteer leadership model or that executive compensation is categorized differently within their expenses.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent and substantial growth, increasing from $73,192,005 in 2011 to $162,803,130 in 2023, indicating strong financial stewardship.
Does the foundation spend efficiently?
Based on the consistent surpluses and the reported zero officer compensation, the foundation appears to spend efficiently, directing a significant portion of its resources towards its mission rather than administrative overhead or executive salaries.
Filing History
IRS 990 filing history for Joan Mitchell Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joan Mitchell Foundation Inc's revenue has grown by 108.1%, moving from $5.4M to $11.3M. Total assets increased by 122.4% over the same period, from $73.2M to $162.8M. Total functional expenses rose by 28.7%, from $6.3M to $8.1M. In its most recent filing year (2023), Joan Mitchell Foundation Inc reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $162.8M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $160.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.3M | $8.1M | $162.8M | $2.4M | — | — |
| 2022 | $11.8M | $8.0M | $146.0M | $1.9M | — | View 990 |
| 2021 | $7.3M | $8.3M | $163.1M | $5.2M | — | View 990 |
| 2020 | $3.0M | $8.3M | $155.4M | $1.4M | — | View 990 |
| 2019 | $22.7M | $8.4M | $152.2M | $910K | — | View 990 |
| 2015 | $19.7M | $8.9M | $119.6M | $906K | — | View 990 |
| 2014 | $17.2M | $9.2M | $112.5M | $2.0M | — | View 990 |
| 2013 | $31.9M | $8.0M | $102.9M | $1.9M | — | View 990 |
| 2012 | $9.6M | $7.5M | $80.0M | $4.4M | — | View 990 |
| 2011 | $5.4M | $6.3M | $73.2M | $837K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.3M, expenses of $8.1M, and assets of $162.8M (revenue -4.3% year-over-year).
- 2022: Revenue of $11.8M, expenses of $8.0M, and assets of $146.0M (revenue +62.6% year-over-year).
- 2021: Revenue of $7.3M, expenses of $8.3M, and assets of $163.1M (revenue +146.0% year-over-year).
- 2020: Revenue of $3.0M, expenses of $8.3M, and assets of $155.4M (revenue -87.0% year-over-year).
- 2019: Revenue of $22.7M, expenses of $8.4M, and assets of $152.2M (revenue +15.1% year-over-year).
- 2015: Revenue of $19.7M, expenses of $8.9M, and assets of $119.6M (revenue +14.5% year-over-year).
- 2014: Revenue of $17.2M, expenses of $9.2M, and assets of $112.5M (revenue -46.0% year-over-year).
- 2013: Revenue of $31.9M, expenses of $8.0M, and assets of $102.9M (revenue +232.8% year-over-year).
- 2012: Revenue of $9.6M, expenses of $7.5M, and assets of $80.0M (revenue +76.0% year-over-year).
- 2011: Revenue of $5.4M, expenses of $6.3M, and assets of $73.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joan Mitchell Foundation Inc:
Data Sources and Methodology
This transparency report for Joan Mitchell Foundation 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.