Museum Of Modern Art
Museum of Modern Art reports substantial assets and fluctuating revenues, with a recent operating deficit.
EIN: 131624100 · New York, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $633.5M |
| Total Expenses | $280.7M |
| Program Spending | 80% |
| Net Assets | $2.1B |
| Transparency Score | 85/100 |
Is Museum Of Modern Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Museum Of Modern Art directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Museum Of Modern Art
Museum Of Modern Art (EIN: 131624100) is a nonprofit organization based in New York, NY, classified under NTEE code A510. The organization reported total revenue of $633.5M and total assets of $2.6B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Museum Of Modern Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Museum Of Modern Art is a major nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $236.7M |
| Total Expenses | $280.7M |
| Surplus / Deficit | $-43,988,788 |
| Total Assets | $2.5B |
| Total Liabilities | $376.1M |
| Net Assets | $2.1B |
| Operating Margin | -18.6% |
| Debt-to-Asset Ratio | 15.1% |
| Months of Reserves | 106.5 months |
Financial Health Grade: B
In 2023, Museum Of Modern Art reported a deficit of $44.0M with expenses exceeding revenue, holds 106.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Museum Of Modern Art's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | +13.3% | -0.7% |
| 2022 | +5.4% | +5.0% | -7.1% |
| 2021 | -4.0% | -12.8% | +15.8% |
| 2020 | -41.0% | +1.6% | -1.2% |
| 2019 | +56.7% | -2.7% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
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 Museum Of Modern Art 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Museum Of Modern Art allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $44.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which suggests either that officers are not compensated directly by the organization, or their compensation is reported under different categories, or that the organization is highly transparent by not having compensated officers in the traditional sense.
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 Museum Of Modern Art's IRS 990 filings:
- Operating deficit in the most recent 990 filing (202306 period: Revenue=$236.7M, Expenses=$280.7M)
- Significant year-over-year revenue volatility, making financial forecasting potentially challenging.
Strengths
The following positive indicators were identified for Museum Of Modern Art:
- Substantial and growing asset base ($2.6 billion latest assets), indicating strong financial stability.
- Consistent reporting of 0% officer compensation, suggesting transparency or a unique compensation structure.
- Generally strong financial performance over multiple years, with revenues often exceeding expenses prior to 2023.
Frequently Asked Questions about Museum Of Modern Art
Is Museum Of Modern Art a legitimate charity?
Based on AI analysis of IRS 990 filings, Museum Of Modern Art (EIN: 131624100) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Museum Of Modern Art spend its money?
Museum Of Modern Art directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Museum Of Modern Art tax-deductible?
Museum Of Modern Art is registered as a tax-exempt nonprofit (EIN: 131624100). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Museum Of Modern Art's spending goes to programs?
Museum Of Modern Art directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Museum Of Modern Art compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Museum Of Modern Art is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Museum Of Modern Art located?
Museum Of Modern Art is headquartered in New York, New York and files with the IRS under EIN 131624100. It is classified under NTEE code A510.
How many years of IRS 990 filings does Museum Of Modern Art have?
Museum Of Modern Art 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 $633.5M in total revenue.
What is the primary reason for the significant revenue fluctuations observed in MoMA's filings?
The substantial revenue fluctuations, such as the jump from $262.1 million in 2020 to $444.0 million in 2019 and the latest reported $633.5 million, could be due to large one-time donations, capital campaigns, significant investment gains, or variations in exhibition attendance and membership sales.
How does MoMA manage its substantial asset base?
With assets exceeding $2.6 billion, MoMA likely employs sophisticated investment strategies to manage its endowment, which provides a stable funding source for its operations and mission-related activities, as well as maintaining its extensive art collection and facilities.
What contributed to the operating deficit in the 2023 fiscal year?
The deficit in 2023, where expenses ($280.7M) exceeded revenue ($236.7M), could be attributed to increased operational costs, new exhibition development, or a temporary dip in donor contributions or visitor revenue post-pandemic recovery.
Filing History
IRS 990 filing history for Museum Of Modern Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Museum Of Modern Art's revenue has grown by 15.1%, moving from $205.6M to $236.7M. Total assets increased by 62.9% over the same period, from $1.5B to $2.5B. Total functional expenses rose by 21.3%, from $231.4M to $280.7M. In its most recent filing year (2023), Museum Of Modern Art reported a deficit of $44.0M, with expenses exceeding revenue. The organization holds $376.1M in liabilities against $2.5B in assets (debt-to-asset ratio: 15.1%), resulting in net assets of $2.1B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $236.7M | $280.7M | $2.5B | $376.1M | — | — |
| 2022 | $265.3M | $247.8M | $2.5B | $473.6M | — | View 990 |
| 2021 | $251.6M | $236.1M | $2.7B | $496.5M | — | View 990 |
| 2020 | $262.1M | $270.7M | $2.3B | $478.4M | — | View 990 |
| 2019 | $444.0M | $266.6M | $2.4B | $477.2M | — | View 990 |
| 2018 | $283.3M | $274.0M | $2.2B | $479.8M | — | View 990 |
| 2017 | $454.4M | $252.7M | $2.2B | $483.2M | — | — |
| 2016 | $408.4M | $249.0M | $1.8B | $410.2M | — | View 990 |
| 2015 | $385.4M | $230.1M | $1.7B | $380.2M | — | View 990 |
| 2014 | $321.3M | $224.1M | $1.6B | $422.1M | — | View 990 |
| 2013 | $214.1M | $220.8M | $1.5B | $424.6M | — | View 990 |
| 2012 | $237.8M | $220.0M | $1.5B | $433.4M | — | View 990 |
| 2011 | $205.6M | $231.4M | $1.5B | $471.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $236.7M, expenses of $280.7M, and assets of $2.5B (revenue -10.8% year-over-year).
- 2022: Revenue of $265.3M, expenses of $247.8M, and assets of $2.5B (revenue +5.4% year-over-year).
- 2021: Revenue of $251.6M, expenses of $236.1M, and assets of $2.7B (revenue -4.0% year-over-year).
- 2020: Revenue of $262.1M, expenses of $270.7M, and assets of $2.3B (revenue -41.0% year-over-year).
- 2019: Revenue of $444.0M, expenses of $266.6M, and assets of $2.4B (revenue +56.7% year-over-year).
- 2018: Revenue of $283.3M, expenses of $274.0M, and assets of $2.2B (revenue -37.7% year-over-year).
- 2017: Revenue of $454.4M, expenses of $252.7M, and assets of $2.2B (revenue +11.3% year-over-year).
- 2016: Revenue of $408.4M, expenses of $249.0M, and assets of $1.8B (revenue +6.0% year-over-year).
- 2015: Revenue of $385.4M, expenses of $230.1M, and assets of $1.7B (revenue +20.0% year-over-year).
- 2014: Revenue of $321.3M, expenses of $224.1M, and assets of $1.6B (revenue +50.0% year-over-year).
- 2013: Revenue of $214.1M, expenses of $220.8M, and assets of $1.5B (revenue -10.0% year-over-year).
- 2012: Revenue of $237.8M, expenses of $220.0M, and assets of $1.5B (revenue +15.7% year-over-year).
- 2011: Revenue of $205.6M, expenses of $231.4M, and assets of $1.5B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Museum Of Modern Art:
Data Sources and Methodology
This transparency report for Museum Of Modern Art 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.