New York Academy Of Art
New York Academy of Art maintains stable finances with growing assets and no reported officer compensation.
EIN: 133643485 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.7M |
| Total Expenses | $9.2M |
| Program Spending | 80% |
| Net Assets | $11.2M |
| Transparency Score | 85/100 |
Is New York Academy Of Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Academy Of Art directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Academy Of Art
New York Academy Of Art (EIN: 133643485) is a nonprofit organization based in New York, NY. The organization reported total revenue of $31.7M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Academy Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Academy Of Art is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $9.2M |
| Surplus / Deficit | +$28K |
| Total Assets | $18.3M |
| Total Liabilities | $7.1M |
| Net Assets | $11.2M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 23.8 months |
Financial Health Grade: A
In 2023, New York Academy Of Art reported a surplus of $28K with revenue exceeding expenses, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Academy Of Art's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +6.0% | +13.3% |
| 2022 | -16.4% | +2.9% | -12.9% |
| 2021 | +19.4% | +0.5% | +12.7% |
| 2020 | -3.0% | +6.8% | +0.2% |
| 2019 | -4.0% | +9.8% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
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 York Academy Of 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, New York Academy Of 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 surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.7%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is unusual for an organization of this size and could indicate that executive compensation is either not paid, paid by an affiliated entity, or reported under a different category within the full 990 form.
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 York Academy Of Art's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in summary data
- Unclear executive compensation reporting (0% officer comp reported consistently, which is unusual for an organization of this size)
Strengths
The following positive indicators were identified for New York Academy Of Art:
- Consistent revenue generation covering expenses (e.g., 2023: Revenue $9.24M, Expenses $9.21M)
- Steady growth in assets over the past decade (from $10.3M in 2014 to $18.3M in 2023)
- Positive net assets (Assets consistently exceed Liabilities)
- Operational stability with revenues generally exceeding expenses
Frequently Asked Questions about New York Academy Of Art
Is New York Academy Of Art a legitimate charity?
New York Academy Of Art (EIN: 133643485) 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: $31.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does New York Academy Of Art spend its money?
New York Academy Of Art directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Academy Of Art tax-deductible?
New York Academy Of Art is registered as a tax-exempt nonprofit (EIN: 133643485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Academy Of Art's spending goes to programs?
New York Academy Of Art directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Academy Of Art located?
New York Academy Of Art is headquartered in New York, New York and files with the IRS under EIN 133643485.
How many years of IRS 990 filings does New York Academy Of Art have?
New York Academy Of 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 $31.7M in total revenue.
Is New York Academy Of Art a good charity?
Based on the provided financial data, the New York Academy of Art appears to be a financially stable organization with consistent revenue generation and asset growth. Its ability to cover expenses and the absence of reported officer compensation are positive indicators. However, a full assessment would require reviewing detailed program spending and a complete breakdown of executive compensation.
How has the organization's financial health changed over the last decade?
The organization's financial health has generally improved over the last decade. Assets have nearly doubled from $10,328,522 in 2014 to $18,311,388 in 2023, and revenues have shown a positive trend, indicating growth and stability.
What is the trend in the organization's liabilities?
Liabilities have shown an increasing trend, growing from $2,685,461 in 2014 to $7,082,317 in 2023. While this increase is notable, it remains well-covered by the organization's growing assets.
Filing History
IRS 990 filing history for New York Academy Of Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Academy Of Art's revenue has grown by 81.6%, moving from $5.1M to $9.2M. Total assets increased by 121.6% over the same period, from $8.3M to $18.3M. Total functional expenses rose by 114.1%, from $4.3M to $9.2M. In its most recent filing year (2023), New York Academy Of Art reported a surplus of $28K, with revenue exceeding expenses. The organization holds $7.1M in liabilities against $18.3M in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $9.2M | $18.3M | $7.1M | — | — |
| 2022 | $7.6M | $8.7M | $16.2M | $5.0M | — | View 990 |
| 2021 | $9.1M | $8.4M | $18.6M | $5.9M | — | View 990 |
| 2020 | $7.7M | $8.4M | $16.5M | $5.1M | — | View 990 |
| 2019 | $7.9M | $7.9M | $16.4M | $4.3M | — | View 990 |
| 2018 | $8.2M | $7.2M | $15.5M | $3.5M | — | View 990 |
| 2017 | $7.8M | $6.4M | $13.7M | $2.8M | — | — |
| 2016 | $6.7M | $6.1M | $12.1M | $2.7M | — | View 990 |
| 2015 | $6.6M | $5.5M | $11.4M | $2.6M | — | View 990 |
| 2014 | $5.6M | $5.0M | $10.3M | $2.7M | — | View 990 |
| 2013 | $5.6M | $4.6M | $9.4M | $2.6M | — | View 990 |
| 2012 | $4.9M | $4.7M | $8.5M | $2.7M | — | View 990 |
| 2011 | $5.1M | $4.3M | $8.3M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $9.2M, and assets of $18.3M (revenue +20.9% year-over-year).
- 2022: Revenue of $7.6M, expenses of $8.7M, and assets of $16.2M (revenue -16.4% year-over-year).
- 2021: Revenue of $9.1M, expenses of $8.4M, and assets of $18.6M (revenue +19.4% year-over-year).
- 2020: Revenue of $7.7M, expenses of $8.4M, and assets of $16.5M (revenue -3.0% year-over-year).
- 2019: Revenue of $7.9M, expenses of $7.9M, and assets of $16.4M (revenue -4.0% year-over-year).
- 2018: Revenue of $8.2M, expenses of $7.2M, and assets of $15.5M (revenue +5.7% year-over-year).
- 2017: Revenue of $7.8M, expenses of $6.4M, and assets of $13.7M (revenue +16.2% year-over-year).
- 2016: Revenue of $6.7M, expenses of $6.1M, and assets of $12.1M (revenue +1.5% year-over-year).
- 2015: Revenue of $6.6M, expenses of $5.5M, and assets of $11.4M (revenue +16.9% year-over-year).
- 2014: Revenue of $5.6M, expenses of $5.0M, and assets of $10.3M (revenue +1.3% year-over-year).
- 2013: Revenue of $5.6M, expenses of $4.6M, and assets of $9.4M (revenue +14.0% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.7M, and assets of $8.5M (revenue -4.1% year-over-year).
- 2011: Revenue of $5.1M, expenses of $4.3M, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Academy Of Art:
Data Sources and Methodology
This transparency report for New York Academy Of 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.