Pierpont Morgan Library
Pierpont Morgan Library maintains robust assets despite fluctuating revenues and reports no officer compensation.
EIN: 131624146 · New York, NY · NTEE: B700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $98.6M |
| Total Expenses | $31.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $445,845,749 |
| Net Assets | $367.0M |
| Transparency Score | 85/100 |
Is Pierpont Morgan Library Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pierpont Morgan Library directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pierpont Morgan Library
Pierpont Morgan Library (EIN: 131624146) is a nonprofit organization based in New York, NY, classified under NTEE code B700. The organization reported total revenue of $98.6M and total assets of $445.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pierpont Morgan Library's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pierpont Morgan Library is a major nonprofit that has been operating for 101 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.7M |
| Total Expenses | $31.4M |
| Surplus / Deficit | $-7,700,653 |
| Total Assets | $386.5M |
| Total Liabilities | $19.5M |
| Net Assets | $367.0M |
| Operating Margin | -32.4% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 147.5 months |
Financial Health Grade: B
In 2023, Pierpont Morgan Library reported a deficit of $7.7M with expenses exceeding revenue, holds 147.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pierpont Morgan Library's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.9% | +20.3% | -7.2% |
| 2022 | +129.1% | +14.4% | -0.5% |
| 2021 | -15.9% | -18.9% | +21.1% |
| 2020 | -14.5% | +1.3% | -6.7% |
| 2019 | -17.0% | +6.5% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1925 |
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 Pierpont Morgan Library 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, Pierpont Morgan Library 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 $7.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base ($445,845,749). This either indicates that executive compensation is not reported in this specific field or that it is covered by other expense categories, warranting further investigation for complete 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 Pierpont Morgan Library's IRS 990 filings:
- Unclear executive compensation reporting (0% reported for all periods despite large organizational size)
Strengths
The following positive indicators were identified for Pierpont Morgan Library:
- Robust and growing asset base ($445,845,749 latest)
- Consistent operational expenses indicating stable programming
- Strong financial stability to weather revenue fluctuations
- Long history of IRS 990 filings (13 filings)
Frequently Asked Questions about Pierpont Morgan Library
Is Pierpont Morgan Library a legitimate charity?
Based on AI analysis of IRS 990 filings, Pierpont Morgan Library (EIN: 131624146) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Pierpont Morgan Library spend its money?
Pierpont Morgan Library directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pierpont Morgan Library tax-deductible?
Pierpont Morgan Library is registered as a tax-exempt nonprofit (EIN: 131624146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pierpont Morgan Library CEO make?
Pierpont Morgan Library's highest-compensated officer earns $445,845,749 annually. The organization reported $98.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pierpont Morgan Library's spending goes to programs?
Pierpont Morgan Library directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pierpont Morgan Library compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Pierpont Morgan Library is above average for NTEE category B700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pierpont Morgan Library located?
Pierpont Morgan Library is headquartered in New York, New York and files with the IRS under EIN 131624146. It is classified under NTEE code B700.
How many years of IRS 990 filings does Pierpont Morgan Library have?
Pierpont Morgan Library 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 $98.6M in total revenue.
Is Pierpont Morgan Library a good charity?
Based on its substantial assets, consistent operations, and apparent lack of reported officer compensation, the Pierpont Morgan Library appears to be a financially stable institution. Its mission focus on cultural preservation and education, combined with a healthy financial profile, suggests it is a well-managed organization.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an organization of this scale. It suggests that executive salaries might be categorized differently within the IRS 990, or that the organization relies heavily on volunteer leadership, which would be exceptional for an institution of this size. Further detailed review of the full 990 forms would be needed to understand how executive compensation is handled.
How does the organization manage significant revenue fluctuations?
The organization experiences significant revenue fluctuations, such as the jump from $23,737,274 in 2023 to $98,552,488 in the latest period, and a previous high of $59,153,120 in 2022. Its substantial and growing asset base (from $336,019,343 in 2014 to $445,845,749 currently) likely provides a strong buffer to absorb these variations and ensure operational stability.
Filing History
IRS 990 filing history for Pierpont Morgan Library showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pierpont Morgan Library's revenue has declined by 2.8%, moving from $24.4M to $23.7M. Total assets increased by 26.8% over the same period, from $304.9M to $386.5M. Total functional expenses rose by 37.2%, from $22.9M to $31.4M. In its most recent filing year (2023), Pierpont Morgan Library reported a deficit of $7.7M, with expenses exceeding revenue. The organization holds $19.5M in liabilities against $386.5M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $367.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.7M | $31.4M | $386.5M | $19.5M | — | View 990 |
| 2022 | $59.2M | $26.1M | $416.3M | $20.8M | — | View 990 |
| 2021 | $25.8M | $22.8M | $418.4M | $21.8M | — | View 990 |
| 2020 | $30.7M | $28.1M | $345.6M | $19.0M | — | View 990 |
| 2019 | $35.9M | $27.8M | $370.5M | $19.8M | — | View 990 |
| 2018 | $43.3M | $26.1M | $367.8M | $18.8M | — | View 990 |
| 2017 | $26.4M | $25.9M | $348.3M | $19.5M | — | View 990 |
| 2016 | $32.2M | $24.6M | $330.5M | $18.7M | — | View 990 |
| 2015 | $28.3M | $23.9M | $342.7M | $23.3M | — | View 990 |
| 2014 | $41.5M | $23.8M | $336.0M | $23.1M | — | View 990 |
| 2013 | $23.2M | $22.4M | $312.8M | $24.4M | — | View 990 |
| 2012 | $27.9M | $23.2M | $297.9M | $22.9M | — | View 990 |
| 2011 | $24.4M | $22.9M | $304.9M | $26.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.7M, expenses of $31.4M, and assets of $386.5M (revenue -59.9% year-over-year).
- 2022: Revenue of $59.2M, expenses of $26.1M, and assets of $416.3M (revenue +129.1% year-over-year).
- 2021: Revenue of $25.8M, expenses of $22.8M, and assets of $418.4M (revenue -15.9% year-over-year).
- 2020: Revenue of $30.7M, expenses of $28.1M, and assets of $345.6M (revenue -14.5% year-over-year).
- 2019: Revenue of $35.9M, expenses of $27.8M, and assets of $370.5M (revenue -17.0% year-over-year).
- 2018: Revenue of $43.3M, expenses of $26.1M, and assets of $367.8M (revenue +64.0% year-over-year).
- 2017: Revenue of $26.4M, expenses of $25.9M, and assets of $348.3M (revenue -17.9% year-over-year).
- 2016: Revenue of $32.2M, expenses of $24.6M, and assets of $330.5M (revenue +13.6% year-over-year).
- 2015: Revenue of $28.3M, expenses of $23.9M, and assets of $342.7M (revenue -31.8% year-over-year).
- 2014: Revenue of $41.5M, expenses of $23.8M, and assets of $336.0M (revenue +79.2% year-over-year).
- 2013: Revenue of $23.2M, expenses of $22.4M, and assets of $312.8M (revenue -17.0% year-over-year).
- 2012: Revenue of $27.9M, expenses of $23.2M, and assets of $297.9M (revenue +14.4% year-over-year).
- 2011: Revenue of $24.4M, expenses of $22.9M, and assets of $304.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pierpont Morgan Library:
Data Sources and Methodology
This transparency report for Pierpont Morgan Library 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.