Neue Galerie New York
Neue Galerie New York maintains substantial assets with fluctuating revenue and zero reported officer compensation.
EIN: 134047433 · New York, NY · NTEE: A51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.9M |
| Total Expenses | $20.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $116 |
| Net Assets | $113.3M |
| Transparency Score | 85/100 |
Is Neue Galerie New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neue Galerie New York directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neue Galerie New York
Neue Galerie New York (EIN: 134047433) is a nonprofit organization based in New York, NY, classified under NTEE code A51. The organization reported total revenue of $26.9M and total assets of $116.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neue Galerie New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neue Galerie New York is a large nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.9M |
| Total Expenses | $20.5M |
| Surplus / Deficit | +$3.3M |
| Total Assets | $118.6M |
| Total Liabilities | $5.3M |
| Net Assets | $113.3M |
| Operating Margin | 14.0% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 69.4 months |
Financial Health Grade: A
In 2023, Neue Galerie New York reported a surplus of $3.3M with revenue exceeding expenses, holds 69.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Neue Galerie New York's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.3% | +7.5% | +12.4% |
| 2022 | +9.0% | +33.8% | -6.8% |
| 2021 | +73767.8% | +10.4% | -1.1% |
| 2020 | -99.9% | -17.2% | -3.2% |
| 2019 | -85.1% | +67.3% | -59.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Neue Galerie New York 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, Neue Galerie New York 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 $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
Neue Galerie New York consistently reports 0% officer compensation across all provided filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and asset base ($116 million latest assets). This suggests either a fully volunteer leadership or compensation is reported under different categories not captured by 'Officer Comp' in this summary.
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 Neue Galerie New York's IRS 990 filings:
- Significant revenue volatility, with a peak of $101M in 2015 and a low of $18K in 2020, indicating potential reliance on infrequent large donations.
- Consistent reporting of 0% officer compensation for an organization with over $100M in assets, which is highly unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Neue Galerie New York:
- Substantial and stable asset base, with latest assets at $116,013,575, providing financial security.
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
- Generally positive net income in recent years (e.g., $23.8M revenue vs. $20.5M expenses in 2023), demonstrating financial health.
Frequently Asked Questions about Neue Galerie New York
Is Neue Galerie New York a legitimate charity?
Neue Galerie New York (EIN: 134047433) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $26.9M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Neue Galerie New York spend its money?
Neue Galerie New York directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Neue Galerie New York tax-deductible?
Neue Galerie New York is registered as a tax-exempt nonprofit (EIN: 134047433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Neue Galerie New York CEO make?
Neue Galerie New York's highest-compensated officer earns $116 annually. The organization reported $26.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Neue Galerie New York's spending goes to programs?
Neue Galerie New York directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Neue Galerie New York compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Neue Galerie New York is above average for NTEE category A51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Neue Galerie New York located?
Neue Galerie New York is headquartered in New York, New York and files with the IRS under EIN 134047433. It is classified under NTEE code A51.
How many years of IRS 990 filings does Neue Galerie New York have?
Neue Galerie New York 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 $26.9M in total revenue.
How does Neue Galerie New York sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size. It suggests that leadership may be entirely volunteer-based, or compensation for key personnel is categorized differently within the IRS 990, such as under general salaries and wages, rather than specifically as 'officer compensation'.
What caused the significant revenue spike in 2015 ($101,867,976) and subsequent drop?
The dramatic revenue spike in 2015, followed by a return to lower levels, likely indicates a major capital campaign, a significant one-time donation, or a large asset sale. This kind of fluctuation is common for organizations receiving large, infrequent contributions.
What is the actual breakdown of program, administrative, and fundraising expenses?
While the provided data does not offer a detailed breakdown, the overall expense figures (e.g., $20,504,375 in 2023) suggest significant operational costs. A deeper dive into the full 990 forms would be needed to ascertain the precise allocation of funds across programs, administration, and fundraising.
Filing History
IRS 990 filing history for Neue Galerie New York showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Neue Galerie New York's revenue has grown by 283.8%, moving from $6.2M to $23.9M. Total assets decreased by 36% over the same period, from $185.4M to $118.6M. Total functional expenses rose by 160.6%, from $7.9M to $20.5M. In its most recent filing year (2023), Neue Galerie New York reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $5.3M in liabilities against $118.6M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $113.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.9M | $20.5M | $118.6M | $5.3M | — | View 990 |
| 2022 | $14.7M | $19.1M | $105.5M | $2.2M | — | View 990 |
| 2021 | $13.5M | $14.2M | $113.2M | $1.2M | — | View 990 |
| 2020 | $18K | $12.9M | $114.5M | $1.7M | — | View 990 |
| 2019 | $15.2M | $15.6M | $118.3M | $1.7M | — | — |
| 2015 | $101.9M | $9.3M | $291.8M | $2.0M | — | View 990 |
| 2014 | $9.1M | $9.4M | $201.5M | $2.8M | — | View 990 |
| 2013 | $11.6M | $8.4M | $201.7M | $2.6M | — | View 990 |
| 2012 | $31.6M | $7.8M | $210.8M | $13.6M | — | View 990 |
| 2011 | $6.2M | $7.9M | $185.4M | $11.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.9M, expenses of $20.5M, and assets of $118.6M (revenue +62.3% year-over-year).
- 2022: Revenue of $14.7M, expenses of $19.1M, and assets of $105.5M (revenue +9.0% year-over-year).
- 2021: Revenue of $13.5M, expenses of $14.2M, and assets of $113.2M (revenue +73767.8% year-over-year).
- 2020: Revenue of $18K, expenses of $12.9M, and assets of $114.5M (revenue -99.9% year-over-year).
- 2019: Revenue of $15.2M, expenses of $15.6M, and assets of $118.3M (revenue -85.1% year-over-year).
- 2015: Revenue of $101.9M, expenses of $9.3M, and assets of $291.8M (revenue +1017.0% year-over-year).
- 2014: Revenue of $9.1M, expenses of $9.4M, and assets of $201.5M (revenue -21.0% year-over-year).
- 2013: Revenue of $11.6M, expenses of $8.4M, and assets of $201.7M (revenue -63.4% year-over-year).
- 2012: Revenue of $31.6M, expenses of $7.8M, and assets of $210.8M (revenue +408.0% year-over-year).
- 2011: Revenue of $6.2M, expenses of $7.9M, and assets of $185.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neue Galerie New York:
Data Sources and Methodology
This transparency report for Neue Galerie New York 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.