Solomon R Guggenheim Foundation
Guggenheim Foundation shows stable assets but recent deficit, with no officer compensation reported on 990s.
EIN: 135562233 · New York, NY · NTEE: A510 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $184.3M |
| Total Expenses | $83.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $116.9M |
| Transparency Score | 70/100 |
Is Solomon R Guggenheim Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Solomon R Guggenheim Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Solomon R Guggenheim Foundation
Solomon R Guggenheim Foundation (EIN: 135562233) is a nonprofit organization based in New York, NY, classified under NTEE code A510. The organization reported total revenue of $184.3M and total assets of $230.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solomon R Guggenheim Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solomon R Guggenheim Foundation is a major nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $82.6M |
| Total Expenses | $83.0M |
| Surplus / Deficit | $-428,481 |
| Total Assets | $220.9M |
| Total Liabilities | $104.1M |
| Net Assets | $116.9M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 47.1% |
| Months of Reserves | 31.9 months |
Financial Health Grade: B
In 2023, Solomon R Guggenheim Foundation reported a deficit of $428K with expenses exceeding revenue, holds 31.9 months of operating reserves (strong position), has a debt-to-asset ratio of 47.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Solomon R Guggenheim Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +16.7% | -4.8% |
| 2022 | +3.8% | +14.7% | -3.4% |
| 2021 | +38.5% | +1.3% | +1.7% |
| 2020 | -37.6% | -13.9% | +11.8% |
| 2019 | +9.6% | -4.6% | +26.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 Solomon R Guggenheim Foundation with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Solomon R Guggenheim Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $428K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.1%.
Executive Compensation Analysis
No officer compensation is reported across all available IRS 990 filings for the Solomon R Guggenheim Foundation, which is highly unusual for an organization with annual revenues consistently in the tens of millions of dollars and assets exceeding $200 million. This suggests that executive compensation may be reported under other expense categories or through related entities, requiring deeper scrutiny 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 Solomon R Guggenheim Foundation's IRS 990 filings:
- No officer compensation reported on IRS 990s, raising transparency concerns.
- Expenses ($83.03M) slightly exceeded revenue ($82.60M) in 2023, indicating a deficit.
- Increasing liabilities over the past decade, reaching $104.06M in 2023.
Strengths
The following positive indicators were identified for Solomon R Guggenheim Foundation:
- Consistent filing of IRS Form 990s over 13 periods, indicating regulatory compliance.
- Substantial and growing asset base, reaching $220.94 million in 2023, providing financial stability.
- Demonstrated ability to generate significant revenue, with latest reported revenue at $184.28 million (though this is 'latest' and not from the 2023 filing).
Frequently Asked Questions about Solomon R Guggenheim Foundation
Is Solomon R Guggenheim Foundation a legitimate charity?
Solomon R Guggenheim Foundation (EIN: 135562233) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $184.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Solomon R Guggenheim Foundation spend its money?
Solomon R Guggenheim Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Solomon R Guggenheim Foundation tax-deductible?
Solomon R Guggenheim Foundation is registered as a tax-exempt nonprofit (EIN: 135562233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Solomon R Guggenheim Foundation CEO make?
Solomon R Guggenheim Foundation's highest-compensated officer earns $200 annually. The organization reported $184.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Solomon R Guggenheim Foundation's spending goes to programs?
Solomon R Guggenheim Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Solomon R Guggenheim Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Solomon R Guggenheim Foundation is above average for NTEE category A510 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Solomon R Guggenheim Foundation located?
Solomon R Guggenheim Foundation is headquartered in New York, New York and files with the IRS under EIN 135562233. It is classified under NTEE code A510.
How many years of IRS 990 filings does Solomon R Guggenheim Foundation have?
Solomon R Guggenheim Foundation 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 $184.3M in total revenue.
Why is no officer compensation reported on any of the IRS 990 filings?
The consistent reporting of 'Officer Comp=0%' across all 13 filings is highly unusual for an organization of this scale. This could mean compensation is reported under different expense categories (e.g., salaries and wages for all employees), paid through a related entity, or that the officers are uncompensated, which is less likely for a major institution.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a granular breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for assessing the organization's spending efficiency and how effectively it allocates resources towards its mission versus overhead.
How does the recent deficit in 2023 impact the foundation's long-term financial stability?
In 2023, the foundation reported expenses ($83.03 million) slightly exceeding revenue ($82.60 million). While a single year's deficit may not be critical for an organization with substantial assets ($220.94 million), a trend of deficits could impact its financial stability and ability to fund future programs.
What is the nature of the increasing liabilities, which reached $104.06 million in 2023?
The foundation's liabilities have shown a general upward trend, reaching $104.06 million in 2023. Understanding the composition of these liabilities (e.g., long-term debt, deferred revenue, payables) is important for a comprehensive assessment of its financial health and risk.
Filing History
IRS 990 filing history for Solomon R Guggenheim Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Solomon R Guggenheim Foundation's revenue has grown by 14.3%, moving from $72.3M to $82.6M. Total assets increased by 43.8% over the same period, from $153.6M to $220.9M. Total functional expenses rose by 17.1%, from $70.9M to $83.0M. In its most recent filing year (2023), Solomon R Guggenheim Foundation reported a deficit of $428K, with expenses exceeding revenue. The organization holds $104.1M in liabilities against $220.9M in assets (debt-to-asset ratio: 47.1%), resulting in net assets of $116.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $82.6M | $83.0M | $220.9M | $104.1M | — | View 990 |
| 2022 | $75.9M | $71.2M | $232.2M | $111.2M | — | View 990 |
| 2021 | $73.2M | $62.0M | $240.3M | $104.6M | — | View 990 |
| 2020 | $52.8M | $61.2M | $236.3M | $111.4M | — | View 990 |
| 2019 | $84.6M | $71.1M | $211.3M | $96.6M | — | View 990 |
| 2018 | $77.2M | $74.6M | $166.9M | $75.1M | — | View 990 |
| 2017 | $61.8M | $74.0M | $171.4M | $76.3M | — | View 990 |
| 2016 | $70.6M | $80.1M | $172.6M | $73.5M | — | View 990 |
| 2015 | $71.9M | $75.2M | $170.6M | $60.7M | — | View 990 |
| 2014 | $89.2M | $82.1M | $173.6M | $54.1M | — | View 990 |
| 2013 | $77.9M | $75.6M | $175.5M | $60.7M | — | View 990 |
| 2012 | $81.2M | $74.2M | $166.0M | $63.5M | — | View 990 |
| 2011 | $72.3M | $70.9M | $153.6M | $61.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $82.6M, expenses of $83.0M, and assets of $220.9M (revenue +8.8% year-over-year).
- 2022: Revenue of $75.9M, expenses of $71.2M, and assets of $232.2M (revenue +3.8% year-over-year).
- 2021: Revenue of $73.2M, expenses of $62.0M, and assets of $240.3M (revenue +38.5% year-over-year).
- 2020: Revenue of $52.8M, expenses of $61.2M, and assets of $236.3M (revenue -37.6% year-over-year).
- 2019: Revenue of $84.6M, expenses of $71.1M, and assets of $211.3M (revenue +9.6% year-over-year).
- 2018: Revenue of $77.2M, expenses of $74.6M, and assets of $166.9M (revenue +24.8% year-over-year).
- 2017: Revenue of $61.8M, expenses of $74.0M, and assets of $171.4M (revenue -12.4% year-over-year).
- 2016: Revenue of $70.6M, expenses of $80.1M, and assets of $172.6M (revenue -1.8% year-over-year).
- 2015: Revenue of $71.9M, expenses of $75.2M, and assets of $170.6M (revenue -19.4% year-over-year).
- 2014: Revenue of $89.2M, expenses of $82.1M, and assets of $173.6M (revenue +14.5% year-over-year).
- 2013: Revenue of $77.9M, expenses of $75.6M, and assets of $175.5M (revenue -4.1% year-over-year).
- 2012: Revenue of $81.2M, expenses of $74.2M, and assets of $166.0M (revenue +12.3% year-over-year).
- 2011: Revenue of $72.3M, expenses of $70.9M, and assets of $153.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solomon R Guggenheim Foundation:
Data Sources and Methodology
This transparency report for Solomon R Guggenheim Foundation 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.