Taft Museum Of Art
Taft Museum Of Art consistently generates surpluses and grows assets with no reported officer compensation.
EIN: 205148617 · Cincinnati, OH · NTEE: A51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $7.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10M |
| Net Assets | $63.5M |
| Transparency Score | 90/100 |
Is Taft Museum Of Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Taft Museum Of Art directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Taft Museum Of Art
Taft Museum Of Art (EIN: 205148617) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code A51. The organization reported total revenue of $8.2M and total assets of $69.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taft Museum Of Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taft Museum Of Art is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.1M |
| Total Expenses | $7.0M |
| Surplus / Deficit | +$3.1M |
| Total Assets | $70.0M |
| Total Liabilities | $6.5M |
| Net Assets | $63.5M |
| Operating Margin | 31.0% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 120.3 months |
Financial Health Grade: A
In 2023, Taft Museum Of Art reported a surplus of $3.1M with revenue exceeding expenses, holds 120.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Taft Museum Of Art's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.9% | +18.0% | +10.3% |
| 2022 | -23.7% | +19.1% | -4.8% |
| 2021 | +31.0% | -5.8% | +22.2% |
| 2020 | +25.9% | -9.3% | +8.6% |
| 2019 | -38.5% | +11.8% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Taft Museum Of 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, Taft Museum Of 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
The Taft Museum Of Art consistently reports 0% officer compensation across all available filings, indicating that top executives either serve on a volunteer basis or their compensation is structured in a way not reported as officer compensation on the 990, which is highly unusual for an organization of its size ($10M+ revenue, $69M+ assets) and suggests strong fiscal discipline or alternative compensation models.
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 Taft Museum Of Art's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this size, which may warrant further inquiry into compensation structures.
Strengths
The following positive indicators were identified for Taft Museum Of Art:
- Consistent revenue surpluses (e.g., $3.1M surplus in 202308).
- Significant asset growth over the past decade (from $44.8M to $69.9M).
- Strong spending efficiency with expenses well below revenue.
- No reported officer compensation on 990 filings, indicating potential high fiscal discipline or volunteer leadership.
- Manageable liabilities relative to substantial assets.
Frequently Asked Questions about Taft Museum Of Art
Is Taft Museum Of Art a legitimate charity?
Taft Museum Of Art (EIN: 205148617) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.2M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Taft Museum Of Art spend its money?
Taft Museum Of Art directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Taft Museum Of Art tax-deductible?
Taft Museum Of Art is registered as a tax-exempt nonprofit (EIN: 205148617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Taft Museum Of Art CEO make?
Taft Museum Of Art's highest-compensated officer earns $10M annually. The organization reported $8.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Taft Museum Of Art's spending goes to programs?
Taft Museum Of Art directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Taft Museum Of Art compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Taft Museum Of Art is above average for NTEE category A51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Taft Museum Of Art located?
Taft Museum Of Art is headquartered in Cincinnati, Ohio and files with the IRS under EIN 205148617. It is classified under NTEE code A51.
How many years of IRS 990 filings does Taft Museum Of Art have?
Taft Museum Of Art 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 $8.2M in total revenue.
Is Taft Museum Of Art financially stable?
Yes, the Taft Museum Of Art appears financially stable, consistently generating surpluses (e.g., $10,124,881 revenue vs. $6,983,092 expenses in 202308) and growing its assets from $44.8M in 2014 to nearly $70M in 2023.
How efficiently does Taft Museum Of Art spend its money?
The organization demonstrates strong spending efficiency, with expenses generally well below revenues. For example, in 202308, expenses were approximately 69% of revenue, leaving a substantial surplus for mission-related activities or asset growth.
What is the trend in the organization's assets?
The Taft Museum Of Art has shown a strong upward trend in assets, increasing from $44,872,295 in 2014 to $69,998,637 in 2023, indicating successful financial management and investment.
Does the Taft Museum Of Art pay its officers?
According to all available IRS 990 filings, the Taft Museum Of Art consistently reports 0% officer compensation, suggesting either volunteer leadership or compensation structured outside of this specific reporting category.
Filing History
IRS 990 filing history for Taft Museum Of Art showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Taft Museum Of Art's revenue has grown by 153%, moving from $4.0M to $10.1M. Total assets increased by 53.1% over the same period, from $45.7M to $70.0M. Total functional expenses rose by 53.6%, from $4.5M to $7.0M. In its most recent filing year (2023), Taft Museum Of Art reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $6.5M in liabilities against $70.0M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $63.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $7.0M | $70.0M | $6.5M | — | View 990 |
| 2022 | $7.4M | $5.9M | $63.5M | $4.6M | — | View 990 |
| 2021 | $9.8M | $5.0M | $66.7M | $2.0M | — | View 990 |
| 2020 | $7.5M | $5.3M | $54.6M | $1.1M | — | — |
| 2019 | $5.9M | $5.8M | $50.2M | $506K | — | View 990 |
| 2018 | $9.6M | $5.2M | $52.1M | $412K | — | View 990 |
| 2017 | $4.1M | $5.1M | $46.5M | $285K | — | View 990 |
| 2016 | $5.4M | $5.2M | $45.6M | $546K | — | View 990 |
| 2015 | $6.2M | $4.3M | $44.6M | $336K | — | View 990 |
| 2014 | $8.3M | $4.5M | $44.9M | $238K | — | View 990 |
| 2013 | $6.5M | $4.4M | $38.0M | $185K | — | View 990 |
| 2012 | $4.1M | $4.6M | $44.6M | $9.5M | — | View 990 |
| 2011 | $4.0M | $4.5M | $45.7M | $11.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $7.0M, and assets of $70.0M (revenue +35.9% year-over-year).
- 2022: Revenue of $7.4M, expenses of $5.9M, and assets of $63.5M (revenue -23.7% year-over-year).
- 2021: Revenue of $9.8M, expenses of $5.0M, and assets of $66.7M (revenue +31.0% year-over-year).
- 2020: Revenue of $7.5M, expenses of $5.3M, and assets of $54.6M (revenue +25.9% year-over-year).
- 2019: Revenue of $5.9M, expenses of $5.8M, and assets of $50.2M (revenue -38.5% year-over-year).
- 2018: Revenue of $9.6M, expenses of $5.2M, and assets of $52.1M (revenue +137.1% year-over-year).
- 2017: Revenue of $4.1M, expenses of $5.1M, and assets of $46.5M (revenue -25.5% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.2M, and assets of $45.6M (revenue -12.1% year-over-year).
- 2015: Revenue of $6.2M, expenses of $4.3M, and assets of $44.6M (revenue -25.6% year-over-year).
- 2014: Revenue of $8.3M, expenses of $4.5M, and assets of $44.9M (revenue +27.2% year-over-year).
- 2013: Revenue of $6.5M, expenses of $4.4M, and assets of $38.0M (revenue +61.7% year-over-year).
- 2012: Revenue of $4.1M, expenses of $4.6M, and assets of $44.6M (revenue +1.3% year-over-year).
- 2011: Revenue of $4.0M, expenses of $4.5M, and assets of $45.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taft Museum Of Art:
Data Sources and Methodology
This transparency report for Taft Museum Of 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.