National Academy Of Design
National Academy Of Design shows volatile annual finances but maintains strong asset growth and zero reported officer compensation.
EIN: 131628183 · New York, NY · NTEE: B400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.6M |
| Total Expenses | $3.3M |
| Program Spending | 70% |
| Net Assets | $81.3M |
| Transparency Score | 85/100 |
Is National Academy Of Design Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Academy Of Design directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Academy Of Design
National Academy Of Design (EIN: 131628183) is a nonprofit organization based in New York, NY, classified under NTEE code B400. The organization reported total revenue of $31.6M and total assets of $92.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Academy Of Design's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Academy Of Design is a large nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-1,956,689 |
| Total Assets | $85.7M |
| Total Liabilities | $4.5M |
| Net Assets | $81.3M |
| Operating Margin | -141.6% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 308.1 months |
Financial Health Grade: B
In 2023, National Academy Of Design reported a deficit of $2.0M with expenses exceeding revenue, holds 308.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Academy Of Design's revenue has declined at a compound annual growth rate (CAGR) of -9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.9% | -6.4% | +11.7% |
| 2022 | +35.3% | +30.7% | -17.9% |
| 2021 | +114.4% | +28.8% | +15.9% |
| 2020 | -96.4% | -24.4% | -1.1% |
| 2019 | +89.3% | -30.8% | +121.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1935 |
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 National Academy Of Design 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, National Academy Of Design allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
The National Academy Of Design consistently reports 0% officer compensation across all available filings, indicating either that officers are unpaid, their compensation is negligible, or it is reported under other expense categories, which is a strong indicator of transparency regarding executive pay.
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 National Academy Of Design's IRS 990 filings:
- Significant year-to-year revenue and expense volatility, making consistent financial planning challenging (e.g., $45M revenue in 201906 vs. $1.3M in 202306).
- Operating deficits in multiple years (e.g., 202306: Expenses $3.3M > Revenue $1.3M; 201706: Expenses $4.0M > Revenue $2.8M).
Strengths
The following positive indicators were identified for National Academy Of Design:
- Consistent reporting of 0% officer compensation, indicating strong transparency in executive pay.
- Substantial and growing asset base, increasing from $16.5M in 201706 to $85.7M in 202306, providing financial stability.
- Low liabilities relative to assets in most periods, indicating a healthy balance sheet.
- Significant surpluses in certain years (e.g., 201906: Revenue $45.7M vs. Expenses $2.8M), demonstrating capacity for strong financial performance.
Frequently Asked Questions about National Academy Of Design
Is National Academy Of Design a legitimate charity?
Based on AI analysis of IRS 990 filings, National Academy Of Design (EIN: 131628183) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does National Academy Of Design spend its money?
National Academy Of Design directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Academy Of Design tax-deductible?
National Academy Of Design is registered as a tax-exempt nonprofit (EIN: 131628183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Academy Of Design's spending goes to programs?
National Academy Of Design directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does National Academy Of Design compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), National Academy Of Design is above average for NTEE category B400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Academy Of Design located?
National Academy Of Design is headquartered in New York, New York and files with the IRS under EIN 131628183. It is classified under NTEE code B400.
How many years of IRS 990 filings does National Academy Of Design have?
National Academy Of Design 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 $31.6M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests either that the organization's officers are volunteers, or their compensation is reported under other expense categories, or it falls below the reporting threshold for individual officers on the 990 form. This practice, while transparent in its reporting, warrants further inquiry to understand the full compensation structure.
What caused the significant revenue spikes in 201906 and 201806?
The revenue spikes of $45,789,426 in 201906 and $24,188,161 in 201806 are substantial deviations from other years. These could be attributed to major capital campaigns, large one-time donations, significant grants, or asset sales. Without further detail from the 990, the exact cause remains speculative but points to significant financial events.
How does the organization manage its significant asset base?
With assets growing from $16,543,824 in 201706 to $85,729,701 in 202306, the National Academy Of Design has a substantial asset base. This growth suggests effective investment strategies, significant endowments, or capital contributions. Understanding the composition and management of these assets (e.g., investment portfolio, real estate) is key to assessing long-term financial stability.
Filing History
IRS 990 filing history for National Academy Of Design showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Academy Of Design's revenue has declined by 69.3%, moving from $4.5M to $1.4M. Total assets increased by 207.7% over the same period, from $27.9M to $85.7M. Total functional expenses fell by 26.2%, from $4.5M to $3.3M. In its most recent filing year (2023), National Academy Of Design reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $4.5M in liabilities against $85.7M in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $81.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $3.3M | $85.7M | $4.5M | — | View 990 |
| 2022 | $4.8M | $3.6M | $76.7M | $361K | — | View 990 |
| 2021 | $3.5M | $2.7M | $93.4M | $232K | — | View 990 |
| 2020 | $1.6M | $2.1M | $80.6M | $363K | — | View 990 |
| 2019 | $45.8M | $2.8M | $81.5M | $198K | — | View 990 |
| 2018 | $24.2M | $4.1M | $36.8M | $338K | — | View 990 |
| 2017 | $2.9M | $4.1M | $16.5M | $432K | — | — |
| 2016 | $3.0M | $5.7M | $17.9M | $1.4M | — | View 990 |
| 2015 | $6.4M | $6.2M | $22.1M | $2.8M | — | View 990 |
| 2014 | $5.0M | $7.3M | $21.7M | $2.1M | — | View 990 |
| 2013 | $4.6M | $6.3M | $22.8M | $1.5M | — | View 990 |
| 2012 | $3.9M | $6.2M | $24.4M | $1.5M | — | View 990 |
| 2011 | $4.5M | $4.5M | $27.9M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $3.3M, and assets of $85.7M (revenue -70.9% year-over-year).
- 2022: Revenue of $4.8M, expenses of $3.6M, and assets of $76.7M (revenue +35.3% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.7M, and assets of $93.4M (revenue +114.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.1M, and assets of $80.6M (revenue -96.4% year-over-year).
- 2019: Revenue of $45.8M, expenses of $2.8M, and assets of $81.5M (revenue +89.3% year-over-year).
- 2018: Revenue of $24.2M, expenses of $4.1M, and assets of $36.8M (revenue +747.8% year-over-year).
- 2017: Revenue of $2.9M, expenses of $4.1M, and assets of $16.5M (revenue -5.9% year-over-year).
- 2016: Revenue of $3.0M, expenses of $5.7M, and assets of $17.9M (revenue -52.4% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.2M, and assets of $22.1M (revenue +26.5% year-over-year).
- 2014: Revenue of $5.0M, expenses of $7.3M, and assets of $21.7M (revenue +10.2% year-over-year).
- 2013: Revenue of $4.6M, expenses of $6.3M, and assets of $22.8M (revenue +18.0% year-over-year).
- 2012: Revenue of $3.9M, expenses of $6.2M, and assets of $24.4M (revenue -13.8% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.5M, and assets of $27.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Academy Of Design:
Data Sources and Methodology
This transparency report for National Academy Of Design 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.