New Museum Of Contemporary Art
New Museum Of Contemporary Art maintains strong asset growth and positive net income with no reported officer compensation.
EIN: 132986881 · New York, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $135.2M |
| Total Expenses | $19.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $129 |
| Net Assets | $101.5M |
| Transparency Score | 85/100 |
Is New Museum Of Contemporary Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Museum Of Contemporary Art directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Museum Of Contemporary Art
New Museum Of Contemporary Art (EIN: 132986881) is a nonprofit organization based in New York, NY, classified under NTEE code A510. The organization reported total revenue of $135.2M and total assets of $129.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Museum Of Contemporary Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Museum Of Contemporary Art is a major nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.8M |
| Total Expenses | $19.3M |
| Surplus / Deficit | +$3.5M |
| Total Assets | $114.6M |
| Total Liabilities | $13.1M |
| Net Assets | $101.5M |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 71.2 months |
Financial Health Grade: A
In 2023, New Museum Of Contemporary Art reported a surplus of $3.5M with revenue exceeding expenses, holds 71.2 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Museum Of Contemporary Art's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.6% | +13.8% | +6.7% |
| 2022 | +261.4% | +12.4% | +8.2% |
| 2021 | -1.1% | -5.4% | -3.7% |
| 2020 | -21.5% | -8.8% | +7.8% |
| 2019 | -8.8% | +4.0% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 New Museum Of Contemporary 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, New Museum Of Contemporary Art allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $3.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size and asset base ($129 million). This suggests that executive compensation may be reported under other expense categories or that the leadership is entirely volunteer-based, requiring further clarification for full 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 New Museum Of Contemporary Art's IRS 990 filings:
- Lack of explicit breakdown for program, administrative, and fundraising expenses in summary data, hindering detailed efficiency analysis.
- Consistent 0% reported officer compensation, which is highly unusual for an organization of this size and may indicate compensation is reported under other categories, potentially obscuring true executive costs.
Strengths
The following positive indicators were identified for New Museum Of Contemporary Art:
- Strong and consistent asset growth, from $70M in 2015 to $129M currently, indicating robust financial health.
- Generally positive net income in recent years, with revenue exceeding expenses (e.g., 2023 revenue $22.7M vs. expenses $19.3M), demonstrating effective financial management.
- Liabilities are well-managed and represent a small portion of total assets, indicating a strong balance sheet.
- No reported officer compensation across all filings, suggesting a potentially very lean executive overhead or volunteer-driven leadership.
Frequently Asked Questions about New Museum Of Contemporary Art
Is New Museum Of Contemporary Art a legitimate charity?
New Museum Of Contemporary Art (EIN: 132986881) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $135.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does New Museum Of Contemporary Art spend its money?
New Museum Of Contemporary Art directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Museum Of Contemporary Art tax-deductible?
New Museum Of Contemporary Art is registered as a tax-exempt nonprofit (EIN: 132986881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Museum Of Contemporary Art CEO make?
New Museum Of Contemporary Art's highest-compensated officer earns $129 annually. The organization reported $135.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Museum Of Contemporary Art's spending goes to programs?
New Museum Of Contemporary Art directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Museum Of Contemporary Art compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Museum Of Contemporary 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 New Museum Of Contemporary Art located?
New Museum Of Contemporary Art is headquartered in New York, New York and files with the IRS under EIN 132986881. It is classified under NTEE code A510.
How many years of IRS 990 filings does New Museum Of Contemporary Art have?
New Museum Of Contemporary 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 $135.2M in total revenue.
Is New Museum Of Contemporary Art a good charity?
Based on the available data, the New Museum Of Contemporary Art appears to be a financially healthy organization with strong asset growth and consistent positive net income. The absence of reported officer compensation is noteworthy, suggesting efficient use of funds or alternative reporting methods. Its ability to manage expenses below revenue in most recent periods (e.g., 2023 revenue $22.7M vs. expenses $19.3M) indicates sound financial management.
How does the New Museum Of Contemporary Art manage its executive compensation?
The provided IRS 990 data consistently shows 0% reported officer compensation across all filings. This is highly unusual for an organization of its scale and suggests that executive compensation might be categorized differently or that the organization relies heavily on volunteer leadership, which would be a significant strength in terms of resource allocation.
What is the trend in the organization's assets and liabilities?
The organization has shown consistent and significant asset growth, from $70,078,320 in 2015 to $129,035,729 in the latest period. Liabilities have remained relatively stable and manageable in comparison to assets, for example, $13,102,239 in liabilities against $114,572,555 in assets in 2023, indicating a strong balance sheet.
Has the New Museum Of Contemporary Art experienced significant revenue fluctuations?
Yes, the organization's revenue has fluctuated considerably, from a low of $9,396,902 in 2015 to a high of $41,908,538 in 2022, and then $22,785,608 in 2023. This suggests a diverse funding base that can experience variability year-to-year, but the organization has generally managed expenses to maintain financial stability despite these fluctuations.
Filing History
IRS 990 filing history for New Museum Of Contemporary Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Museum Of Contemporary Art's revenue has grown by 101.2%, moving from $11.3M to $22.8M. Total assets increased by 39.4% over the same period, from $82.2M to $114.6M. Total functional expenses rose by 63.3%, from $11.8M to $19.3M. In its most recent filing year (2023), New Museum Of Contemporary Art reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $13.1M in liabilities against $114.6M in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $101.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.8M | $19.3M | $114.6M | $13.1M | — | View 990 |
| 2022 | $41.9M | $17.0M | $107.4M | $10.4M | — | View 990 |
| 2021 | $11.6M | $15.1M | $99.2M | $10.1M | — | View 990 |
| 2020 | $11.7M | $16.0M | $103.0M | $10.6M | — | View 990 |
| 2019 | $14.9M | $17.5M | $95.5M | $9.5M | — | View 990 |
| 2018 | $16.4M | $16.9M | $98.8M | $10.8M | — | View 990 |
| 2017 | $24.3M | $16.8M | $99.7M | $11.7M | — | View 990 |
| 2016 | $38.2M | $15.1M | $91.8M | $11.8M | — | View 990 |
| 2015 | $9.4M | $14.2M | $70.1M | $12.6M | — | View 990 |
| 2014 | $12.5M | $14.0M | $74.7M | $12.7M | — | View 990 |
| 2013 | $10.0M | $13.3M | $76.2M | $13.4M | — | View 990 |
| 2012 | $10.7M | $12.8M | $79.4M | $14.2M | — | View 990 |
| 2011 | $11.3M | $11.8M | $82.2M | $14.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.8M, expenses of $19.3M, and assets of $114.6M (revenue -45.6% year-over-year).
- 2022: Revenue of $41.9M, expenses of $17.0M, and assets of $107.4M (revenue +261.4% year-over-year).
- 2021: Revenue of $11.6M, expenses of $15.1M, and assets of $99.2M (revenue -1.1% year-over-year).
- 2020: Revenue of $11.7M, expenses of $16.0M, and assets of $103.0M (revenue -21.5% year-over-year).
- 2019: Revenue of $14.9M, expenses of $17.5M, and assets of $95.5M (revenue -8.8% year-over-year).
- 2018: Revenue of $16.4M, expenses of $16.9M, and assets of $98.8M (revenue -32.6% year-over-year).
- 2017: Revenue of $24.3M, expenses of $16.8M, and assets of $99.7M (revenue -36.4% year-over-year).
- 2016: Revenue of $38.2M, expenses of $15.1M, and assets of $91.8M (revenue +306.6% year-over-year).
- 2015: Revenue of $9.4M, expenses of $14.2M, and assets of $70.1M (revenue -24.6% year-over-year).
- 2014: Revenue of $12.5M, expenses of $14.0M, and assets of $74.7M (revenue +25.0% year-over-year).
- 2013: Revenue of $10.0M, expenses of $13.3M, and assets of $76.2M (revenue -6.5% year-over-year).
- 2012: Revenue of $10.7M, expenses of $12.8M, and assets of $79.4M (revenue -5.9% year-over-year).
- 2011: Revenue of $11.3M, expenses of $11.8M, and assets of $82.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Museum Of Contemporary Art:
Data Sources and Methodology
This transparency report for New Museum Of Contemporary 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.