Joseph And Joan Cullman Foundation For The Arts Inc
Joseph And Joan Cullman Foundation For The Arts Inc maintains stable assets with fluctuating revenue and no officer compensation.
EIN: 201499861 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $376K |
| Program Spending | 85% |
| Net Assets | $4.4M |
| Transparency Score | 85/100 |
Is Joseph And Joan Cullman Foundation For The Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joseph And Joan Cullman Foundation For The Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph And Joan Cullman Foundation For The Arts Inc
Joseph And Joan Cullman Foundation For The Arts Inc (EIN: 201499861) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $8.3M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph And Joan Cullman Foundation For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph And Joan Cullman Foundation For The Arts Inc is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $192K |
| Total Expenses | $376K |
| Surplus / Deficit | $-183,178 |
| Total Assets | $4.4M |
| Total Liabilities | $1 |
| Net Assets | $4.4M |
| Operating Margin | -95.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 142.0 months |
Financial Health Grade: B
In 2023, Joseph And Joan Cullman Foundation For The Arts Inc reported a deficit of $183K with expenses exceeding revenue, holds 142.0 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 (2012–2023), Joseph And Joan Cullman Foundation For The Arts Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.8% | +176.6% | -4.0% |
| 2022 | -35.6% | -64.3% | +3.3% |
| 2021 | +242.5% | -5.1% | +1.0% |
| 2020 | -67.7% | +22.9% | -5.9% |
| 2019 | +29.4% | +165.9% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Joseph And Joan Cullman Foundation For The Arts Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Joseph And Joan Cullman Foundation For The Arts 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 $183K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for an organization of its asset size.
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 Joseph And Joan Cullman Foundation For The Arts Inc's IRS 990 filings:
- Expenses sometimes exceed revenue, indicating reliance on reserves or investment income (e.g., 202312, 202012).
Strengths
The following positive indicators were identified for Joseph And Joan Cullman Foundation For The Arts Inc:
- Consistent asset growth over the long term, reaching $4,444,354 in 202312.
- Zero officer compensation reported across all filings, indicating highly efficient leadership costs.
- Very low liabilities across most periods, demonstrating strong financial management and minimal debt.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Joseph And Joan Cullman Foundation For The Arts Inc
Is Joseph And Joan Cullman Foundation For The Arts Inc a legitimate charity?
Joseph And Joan Cullman Foundation For The Arts Inc (EIN: 201499861) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $8.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Joseph And Joan Cullman Foundation For The Arts Inc spend its money?
Joseph And Joan Cullman Foundation For The Arts Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Joseph And Joan Cullman Foundation For The Arts Inc tax-deductible?
Joseph And Joan Cullman Foundation For The Arts Inc is registered as a tax-exempt nonprofit (EIN: 201499861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Joseph And Joan Cullman Foundation For The Arts Inc's spending goes to programs?
Joseph And Joan Cullman Foundation For The Arts Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Joseph And Joan Cullman Foundation For The Arts Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Joseph And Joan Cullman Foundation For The Arts Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Joseph And Joan Cullman Foundation For The Arts Inc located?
Joseph And Joan Cullman Foundation For The Arts Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 201499861. It is classified under NTEE code T22.
How many years of IRS 990 filings does Joseph And Joan Cullman Foundation For The Arts Inc have?
Joseph And Joan Cullman Foundation For The Arts 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 $8.3M in total revenue.
Is Joseph And Joan Cullman Foundation For The Arts Inc a good charity?
Based on the available data, the foundation appears to be a financially stable organization with a strong commitment to minimizing executive overhead (0% officer compensation). Its consistent asset base and low liabilities are positive indicators. However, a more detailed breakdown of program spending versus administrative and fundraising costs would provide a clearer picture of its direct impact.
How does the foundation manage its expenses when revenue is lower?
In periods where expenses exceed revenue, such as 202312 ($375,647 expenses vs. $192,469 revenue) and 202012 ($401,490 expenses vs. $124,181 revenue), the foundation likely draws upon its accumulated assets or investment income to cover operational costs, maintaining its financial stability.
What is the trend in the foundation's assets?
The foundation's assets have shown a general upward trend over the long term, growing from $2,752,498 in 201202 to $4,444,354 in 202312, indicating prudent financial management and growth in its endowment or reserves.
Filing History
IRS 990 filing history for Joseph And Joan Cullman Foundation For The Arts Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Joseph And Joan Cullman Foundation For The Arts Inc's revenue has declined by 20.6%, moving from $242K to $192K. Total assets increased by 61.5% over the same period, from $2.8M to $4.4M. Total functional expenses fell by 42.2%, from $650K to $376K. In its most recent filing year (2023), Joseph And Joan Cullman Foundation For The Arts Inc reported a deficit of $183K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $192K | $376K | $4.4M | $1 | — | — |
| 2022 | $274K | $136K | $4.6M | $1 | — | View 990 |
| 2021 | $425K | $381K | $4.5M | $1 | — | View 990 |
| 2020 | $124K | $401K | $4.4M | $1 | — | View 990 |
| 2019 | $384K | $327K | $4.7M | $1 | — | View 990 |
| 2016 | $297K | $123K | $4.2M | $1 | — | View 990 |
| 2015 | $1.6M | $263K | $4.1M | $71K | — | View 990 |
| 2014 | $283K | $228K | $2.8M | $64K | — | View 990 |
| 2013 | $187K | $291K | $2.6M | $1 | — | View 990 |
| 2012 | $242K | $650K | $2.8M | $125 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $192K, expenses of $376K, and assets of $4.4M (revenue -29.8% year-over-year).
- 2022: Revenue of $274K, expenses of $136K, and assets of $4.6M (revenue -35.6% year-over-year).
- 2021: Revenue of $425K, expenses of $381K, and assets of $4.5M (revenue +242.5% year-over-year).
- 2020: Revenue of $124K, expenses of $401K, and assets of $4.4M (revenue -67.7% year-over-year).
- 2019: Revenue of $384K, expenses of $327K, and assets of $4.7M (revenue +29.4% year-over-year).
- 2016: Revenue of $297K, expenses of $123K, and assets of $4.2M (revenue -81.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $263K, and assets of $4.1M (revenue +475.8% year-over-year).
- 2014: Revenue of $283K, expenses of $228K, and assets of $2.8M (revenue +51.3% year-over-year).
- 2013: Revenue of $187K, expenses of $291K, and assets of $2.6M (revenue -22.8% year-over-year).
- 2012: Revenue of $242K, expenses of $650K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph And Joan Cullman Foundation For The Arts Inc:
Data Sources and Methodology
This transparency report for Joseph And Joan Cullman Foundation For The Arts 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.