Public Art Fund Inc
Public Art Fund Inc shows strong financial health with consistent asset growth and no reported officer compensation.
EIN: 132898805 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $5.6M |
| Program Spending | 80% |
| Net Assets | $8.8M |
| Transparency Score | 90/100 |
Is Public Art Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Public Art Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Public Art Fund Inc
Public Art Fund Inc (EIN: 132898805) is a nonprofit organization based in New York, NY. The organization reported total revenue of $7.2M and total assets of $9.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Public Art Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Public Art Fund Inc is a mid-size nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $5.6M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $10.2M |
| Total Liabilities | $1.5M |
| Net Assets | $8.8M |
| Operating Margin | 19.4% |
| Debt-to-Asset Ratio | 14.4% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Public Art Fund Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 14.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Public Art Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.4% | +3.7% | +18.4% |
| 2022 | -3.6% | +126.7% | -10.1% |
| 2021 | -25.8% | -37.3% | +7.6% |
| 2021 | +56.4% | -20.7% | +40.2% |
| 2020 | -39.9% | -13.0% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Public Art Fund Inc with a Mission Score of 90 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, Public Art Fund Inc 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 $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.4%.
Executive Compensation Analysis
Public Art Fund Inc consistently reports 0% officer compensation across all available filings, indicating either a volunteer leadership structure or that compensation is reported under other expense categories, which is highly favorable for donor confidence and suggests efficient use of funds.
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.
Strengths
The following positive indicators were identified for Public Art Fund Inc:
- Consistent asset growth, reaching over $10 million in 202312.
- Positive net income in recent years, such as $1,337,933 in 202312.
- No reported officer compensation across all available filings, indicating high efficiency.
- Manageable liabilities relative to assets, demonstrating financial stability.
- Strong revenue generation, with the latest reported revenue at $7,227,403.
Frequently Asked Questions about Public Art Fund Inc
Is Public Art Fund Inc a legitimate charity?
Public Art Fund Inc (EIN: 132898805) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $7.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Public Art Fund Inc spend its money?
Public Art Fund Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Public Art Fund Inc tax-deductible?
Public Art Fund Inc is registered as a tax-exempt nonprofit (EIN: 132898805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Public Art Fund Inc's spending goes to programs?
Public Art Fund Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Public Art Fund Inc located?
Public Art Fund Inc is headquartered in New York, New York and files with the IRS under EIN 132898805.
How many years of IRS 990 filings does Public Art Fund Inc have?
Public Art Fund Inc has 14 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 $7.2M in total revenue.
Is Public Art Fund Inc a good charity?
Based on the available financial data, Public Art Fund Inc appears to be a well-managed and financially healthy charity. It consistently generates revenue, grows its assets, and reports no officer compensation, which are strong indicators of good stewardship.
How has Public Art Fund Inc's financial health changed over time?
Public Art Fund Inc has shown consistent financial growth. Assets have increased from $4,614,759 in 201606 to $10,243,666 in 202312, and revenue has generally trended upwards, indicating a stable and growing organization.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting a highly efficient approach to leadership compensation, potentially relying on volunteer efforts or reporting compensation under other expense lines.
Filing History
IRS 990 filing history for Public Art Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Public Art Fund Inc's revenue has grown by 135.1%, moving from $2.9M to $6.9M. Total assets increased by 154.9% over the same period, from $4.0M to $10.2M. Total functional expenses rose by 81%, from $3.1M to $5.6M. In its most recent filing year (2023), Public Art Fund Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $10.2M in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $5.6M | $10.2M | $1.5M | — | — |
| 2022 | $4.2M | $5.4M | $8.7M | $1.7M | — | View 990 |
| 2021 | $4.4M | $2.4M | $9.6M | $721K | — | View 990 |
| 2021 | $5.9M | $3.8M | $9.0M | $523K | — | View 990 |
| 2020 | $3.8M | $4.8M | $6.4M | $710K | — | View 990 |
| 2019 | $6.3M | $5.5M | $6.8M | $99K | — | View 990 |
| 2018 | $5.9M | $6.4M | $6.2M | $312K | — | View 990 |
| 2017 | $6.3M | $4.5M | $6.4M | $81K | — | View 990 |
| 2016 | $3.7M | $3.9M | $4.6M | $120K | — | View 990 |
| 2015 | $4.6M | $4.6M | $5.1M | $339K | — | View 990 |
| 2014 | $5.7M | $5.0M | $5.4M | $797K | — | View 990 |
| 2013 | $4.8M | $5.3M | $3.9M | $297K | — | View 990 |
| 2012 | $3.2M | $3.2M | $4.4M | $401K | — | View 990 |
| 2011 | $2.9M | $3.1M | $4.0M | $87K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $5.6M, and assets of $10.2M (revenue +63.4% year-over-year).
- 2022: Revenue of $4.2M, expenses of $5.4M, and assets of $8.7M (revenue -3.6% year-over-year).
- 2021: Revenue of $4.4M, expenses of $2.4M, and assets of $9.6M (revenue -25.8% year-over-year).
- 2021: Revenue of $5.9M, expenses of $3.8M, and assets of $9.0M (revenue +56.4% year-over-year).
- 2020: Revenue of $3.8M, expenses of $4.8M, and assets of $6.4M (revenue -39.9% year-over-year).
- 2019: Revenue of $6.3M, expenses of $5.5M, and assets of $6.8M (revenue +7.1% year-over-year).
- 2018: Revenue of $5.9M, expenses of $6.4M, and assets of $6.2M (revenue -6.7% year-over-year).
- 2017: Revenue of $6.3M, expenses of $4.5M, and assets of $6.4M (revenue +70.4% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.9M, and assets of $4.6M (revenue -19.3% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.6M, and assets of $5.1M (revenue -19.6% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.0M, and assets of $5.4M (revenue +19.3% year-over-year).
- 2013: Revenue of $4.8M, expenses of $5.3M, and assets of $3.9M (revenue +48.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.2M, and assets of $4.4M (revenue +9.7% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.1M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Public Art Fund Inc:
Data Sources and Methodology
This transparency report for Public Art Fund Inc 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.