Otis College Of Art And Design
Otis College of Art and Design shows fluctuating annual financial performance with overall asset growth and no reported officer compensation.
EIN: 132981115 · Los Angeles, CA · NTEE: B400 · Updated: 2026-03-28
Is Otis College Of Art And Design Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Otis College Of Art And Design directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Otis College Of Art And Design
Otis College Of Art And Design (EIN: 132981115) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code B400. The organization reported total revenue of $108.4M and total assets of $125.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Otis College Of Art And Design's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Otis College Of Art And Design 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 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77.4M |
| Total Expenses | $86.0M |
| Surplus / Deficit | $-8,632,370 |
| Total Assets | $118.2M |
| Total Liabilities | $45.0M |
| Net Assets | $73.2M |
| Operating Margin | -11.2% |
| Debt-to-Asset Ratio | 38.1% |
| Months of Reserves | 16.5 months |
Financial Health Grade: B
In 2023, Otis College Of Art And Design reported a deficit of $8.6M with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 38.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Otis College Of Art And Design's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.9% | +22.0% | -4.5% |
| 2022 | +35.4% | +4.9% | +9.1% |
| 2021 | +2.9% | +0.0% | +5.7% |
| 2020 | +4.9% | +7.6% | -1.7% |
| 2019 | +6.3% | +8.4% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Otis College Of Art And Design with a Mission Score of 75 out of 100 (Good). 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, Otis College Of Art And Design 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 $8.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.1%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is unusual for an organization of this size and revenue, suggesting executive compensation may be reported elsewhere or is not a significant expense category in the provided data.
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 Otis College Of Art And Design's IRS 990 filings:
- Deficit in latest filing period (202306) where expenses ($85,985,184) exceeded revenue ($77,352,814)
- Unclear executive compensation reporting given 0% officer comp for a large institution
Strengths
The following positive indicators were identified for Otis College Of Art And Design:
- Consistent asset growth over the past decade, from $63,651,613 in 201406 to $118,191,541 in 202306
- Significant revenue generation, reaching over $91 million in 202206
- Positive net assets (Assets - Liabilities) consistently maintained across all filing periods
Frequently Asked Questions about Otis College Of Art And Design
Is Otis College Of Art And Design a legitimate charity?
Based on AI analysis of IRS 990 filings, Otis College Of Art And Design (EIN: 132981115) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Otis College Of Art And Design spend its money?
Otis College Of Art And Design directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Otis College Of Art And Design tax-deductible?
Otis College Of Art And Design is registered as a tax-exempt nonprofit (EIN: 132981115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Otis College Of Art And Design financially stable?
Yes, despite a deficit in 202306, the college has demonstrated overall asset growth from $63,651,613 in 201406 to $118,191,541 in 202306, indicating long-term financial stability.
How has the college's revenue trended over the last decade?
Revenue has generally increased over the last decade, from $51,095,496 in 201406 to $77,352,814 in 202306, with a peak of $91,933,581 in 202206.
What is the significance of 0% officer compensation?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this scale. It could mean that compensation is reported under different categories, or that the top officers are compensated through other means not captured in this specific line item, or that the college has a unique compensation structure.
Filing History
IRS 990 filing history for Otis College Of Art And Design showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Otis College Of Art And Design's revenue has grown by 69.9%, moving from $45.5M to $77.4M. Total assets increased by 104.8% over the same period, from $57.7M to $118.2M. Total functional expenses rose by 94.2%, from $44.3M to $86.0M. In its most recent filing year (2023), Otis College Of Art And Design reported a deficit of $8.6M, with expenses exceeding revenue. The organization holds $45.0M in liabilities against $118.2M in assets (debt-to-asset ratio: 38.1%), resulting in net assets of $73.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77.4M | $86.0M | $118.2M | $45.0M | — | — |
| 2022 | $91.9M | $70.5M | $123.8M | $44.8M | — | View 990 |
| 2021 | $67.9M | $67.2M | $113.5M | $46.9M | — | View 990 |
| 2020 | $66.0M | $67.2M | $107.4M | $47.5M | — | View 990 |
| 2019 | $62.9M | $62.5M | $109.4M | $47.1M | — | View 990 |
| 2018 | $59.2M | $57.6M | $107.8M | $47.2M | — | View 990 |
| 2017 | $54.6M | $54.8M | $111.9M | $52.0M | — | View 990 |
| 2016 | $61.7M | $54.2M | $101.5M | $42.6M | — | View 990 |
| 2015 | $58.1M | $52.7M | $70.0M | $17.4M | — | View 990 |
| 2014 | $51.1M | $49.4M | $63.7M | $15.3M | — | View 990 |
| 2013 | $50.6M | $50.4M | $55.4M | $9.8M | — | View 990 |
| 2012 | $49.0M | $47.5M | $55.5M | $10.7M | — | View 990 |
| 2011 | $45.5M | $44.3M | $57.7M | $14.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77.4M, expenses of $86.0M, and assets of $118.2M (revenue -15.9% year-over-year).
- 2022: Revenue of $91.9M, expenses of $70.5M, and assets of $123.8M (revenue +35.4% year-over-year).
- 2021: Revenue of $67.9M, expenses of $67.2M, and assets of $113.5M (revenue +2.9% year-over-year).
- 2020: Revenue of $66.0M, expenses of $67.2M, and assets of $107.4M (revenue +4.9% year-over-year).
- 2019: Revenue of $62.9M, expenses of $62.5M, and assets of $109.4M (revenue +6.3% year-over-year).
- 2018: Revenue of $59.2M, expenses of $57.6M, and assets of $107.8M (revenue +8.4% year-over-year).
- 2017: Revenue of $54.6M, expenses of $54.8M, and assets of $111.9M (revenue -11.6% year-over-year).
- 2016: Revenue of $61.7M, expenses of $54.2M, and assets of $101.5M (revenue +6.3% year-over-year).
- 2015: Revenue of $58.1M, expenses of $52.7M, and assets of $70.0M (revenue +13.7% year-over-year).
- 2014: Revenue of $51.1M, expenses of $49.4M, and assets of $63.7M (revenue +1.0% year-over-year).
- 2013: Revenue of $50.6M, expenses of $50.4M, and assets of $55.4M (revenue +3.2% year-over-year).
- 2012: Revenue of $49.0M, expenses of $47.5M, and assets of $55.5M (revenue +7.7% year-over-year).
- 2011: Revenue of $45.5M, expenses of $44.3M, and assets of $57.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Otis College Of Art And Design:
Data Sources and Methodology
This transparency report for Otis College Of Art And 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.