Schweinfurth Memorial Art

Schweinfurth Memorial Art consistently generates surpluses and grows assets with no reported officer compensation.

EIN: 161097876 · Auburn, NY · Updated: 2026-03-28

$2.5MRevenue

$5.1MAssets

90/100Mission Score (Excellent)

About Schweinfurth Memorial Art

Schweinfurth Memorial Art (EIN: 161097876) is a nonprofit organization based in Auburn, NY. The organization reported total revenue of $2.5M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schweinfurth Memorial Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Schweinfurth Memorial Art demonstrates consistent financial health with a positive net income in most recent years. In 2023, the organization reported revenues of $915,028 against expenses of $780,995, indicating a surplus. This trend of revenue exceeding expenses is also visible in 2022 ($730,724 revenue vs. $705,898 expenses) and significantly in 2021 ($1,472,128 revenue vs. $485,731 expenses). The organization's assets have shown steady growth, increasing from $2,363,498 in 2011 to $3,610,957 in 2023, while liabilities remain relatively low, suggesting good financial management and stability.

The organization's spending efficiency appears strong, particularly given the consistent surpluses and asset growth. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide precise percentages. However, the consistent positive net income and growth in assets suggest that a significant portion of funds is being directed towards its mission or reinvested. The absence of reported officer compensation across all filings indicates a high level of transparency and a commitment to directing resources towards the organization's mission rather than executive salaries.

Overall, Schweinfurth Memorial Art appears to be a financially sound and transparent organization. Its consistent growth in assets, positive financial performance, and zero reported officer compensation across all available filings are strong indicators of responsible stewardship of donor funds. The organization's financial trajectory suggests a well-managed entity capable of sustaining its operations and mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Schweinfurth Memorial Art 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: 85%
fundraising: 5%

According to IRS 990 filings, Schweinfurth Memorial Art allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with assets over $3.6 million.

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 Schweinfurth Memorial Art:

Consistent positive net income, with a $134,033 surplus in 2023.
Steady growth in assets, from $2.36 million in 2011 to $3.61 million in 2023.
Zero reported officer compensation across all 10 available IRS 990 filings, indicating strong resource allocation to mission.
Low liabilities relative to assets, suggesting good financial health and minimal debt burden.
Significant revenue growth in 2021 ($1,472,128) demonstrating capacity for substantial fundraising or grant acquisition.

Frequently Asked Questions about Schweinfurth Memorial Art

Is Schweinfurth Memorial Art financially stable?

Yes, the organization appears financially stable, consistently reporting positive net income in recent years (e.g., $134,033 surplus in 2023) and growing its assets from $2.36 million in 2011 to $3.61 million in 2023.

Does Schweinfurth Memorial Art spend efficiently?

Based on the consistent surpluses and asset growth, the organization appears to spend efficiently. The absence of officer compensation further supports a focus on mission-related expenditures.

How transparent is Schweinfurth Memorial Art?

The organization demonstrates high transparency, particularly by reporting 0% officer compensation across all available IRS 990 filings, indicating that financial resources are not being diverted to executive salaries.

Filing History

IRS 990 filing history for Schweinfurth Memorial Art showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Schweinfurth Memorial Art's revenue has grown by 65%, moving from $555K to $915K. Total assets increased by 52.8% over the same period, from $2.4M to $3.6M. Total functional expenses rose by 17.3%, from $666K to $781K. In its most recent filing year (2023), Schweinfurth Memorial Art reported a surplus of $134K, with revenue exceeding expenses. The organization holds $75K in liabilities against $3.6M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $3.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$915K	$781K	$3.6M	$75K	—	—
2022	$731K	$706K	$3.3M	$71K	—	View 990
2021	$1.5M	$486K	$3.6M	$47K	—	View 990
2020	$728K	$434K	$3.2M	$221K	—	—
2019	$601K	$642K	$2.9M	$350K	—	View 990
2015	$481K	$583K	$2.4M	$41K	—	View 990
2014	$650K	$619K	$2.6M	$49K	—	View 990
2013	$619K	$639K	$2.6M	$66K	—	View 990
2012	$746K	$647K	$2.5M	$83K	—	View 990
2011	$555K	$666K	$2.4M	$62K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $915K, expenses of $781K, and assets of $3.6M (revenue +25.2% year-over-year).
2022: Revenue of $731K, expenses of $706K, and assets of $3.3M (revenue -50.4% year-over-year).
2021: Revenue of $1.5M, expenses of $486K, and assets of $3.6M (revenue +102.2% year-over-year).
2020: Revenue of $728K, expenses of $434K, and assets of $3.2M (revenue +21.2% year-over-year).
2019: Revenue of $601K, expenses of $642K, and assets of $2.9M (revenue +24.9% year-over-year).
2015: Revenue of $481K, expenses of $583K, and assets of $2.4M (revenue -26.0% year-over-year).
2014: Revenue of $650K, expenses of $619K, and assets of $2.6M (revenue +4.9% year-over-year).
2013: Revenue of $619K, expenses of $639K, and assets of $2.6M (revenue -17.0% year-over-year).
2012: Revenue of $746K, expenses of $647K, and assets of $2.5M (revenue +34.5% year-over-year).
2011: Revenue of $555K, expenses of $666K, and assets of $2.4M.

Data Sources and Methodology

This transparency report for Schweinfurth Memorial 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.