The Institute of Contemporary Art

97%

Four-Star Charity

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

The Institute of Contemporary Art

Is this your nonprofit?

501(c)(3) organization

Donations are tax-deductible

http://www.icaboston.org/

25 Harbor Shore Drive

Boston MA 02210

617-478-3102

Boston MA | IRS ruling year: 1959 | EIN: 04-2104327

An EIN is a unique nine-digit number that identifies a business for tax purposes.

Organization Mission

The Institute of Contemporary Art (ICA) was founded in 1936 as The Boston Museum of Modern Art; in 1948, the museum changed its name to become the ICA. The ICA striv ...

(More)

Rating Information

Great

This charity's score is 97%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.

This overall score is calculated from multiple beacon scores, weighted as follows: 93% Accountability & Finance, 7% Culture & Community. Learn more about our criteria and methodology.

Historical Ratings

Accountability & Finance

Score

97

Most Recent Fiscal Year:
FY 2021

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

Learn more

Key Accountability Metrics

Full Credit

Partial Credit

No Credit

Majority Independent Board Members - 97% independent members

10 out of 10 points

Independent Board Size - 33 independent members

10 out of 10 points

Financial Statements - Audit and Oversight Committee

20 out of 20 points

Total Revenue Amount	Expectation to Receive Credit
$2 million or higher and 40% or higher donor support	Expected to complete an audit and have an audit oversight committee
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Material Diversion of Assets - None

20 out of 20 points

Tax Form Disclosures and Policies

Full Credit

Partial Credit

No Credit

Website Listed on Tax Form - Listed

5 out of 5 points

Conflict of Interest Policy - Listed

5 out of 5 points

Whistleblower Policy - Listed

5 out of 5 points

Document Retention and Destruction - Listed

5 out of 5 points

Documents Board Meeting Minutes - Yes

5 out of 5 points

Tax Form Distributed to Board Before Filing - Listed

5 out of 5 points

Loans to/from Officers - None

5 out of 5 points

Website Disclosures

Full Credit

Partial Credit

No Credit

Tax Form Posted on Nonprofit's Website - Missing

0 out of 5 points

Financial Metrics

Full Credit

Partial Credit

No Credit

Liabilities to Assets: Ratio - 3.27%

25 out of 25 points

Program Expense: Ratio - 81.02%

25 out of 25 points

Fundraising Efficiency: Ratio - $0.09

25 out of 25 points

Working Capital: Ratio - 6.76 years

25 out of 25 points

Additional Information

Total Revenue and Expenses - Data Available

Salary of Key Persons - Data Available

IRS Published Data (Business Master File) - Data Available

Data Sources (IRS Forms 990) - Data Available

Date Published	Overall Rating
12/1/2021
12/1/2020
8/1/2019
8/1/2018
12/1/2017
10/1/2016
6/1/2016
11/1/2015
This organization received multiple star ratings within this fiscal year, due to an update to its Accountability and Transparency data and/or the receipt of an amended Form 990.
10/1/2015
11/1/2014
8/1/2013
6/1/2012
9/20/2011
9/1/2010
12/15/2009
3/1/2009
7/1/2007
7/1/2006
8/1/2004
6/9/2003

The Institute of Contemporary Art

Rating Information

Rating Report

97

Key Accountability Metrics

Tax Form Disclosures and Policies

Website Disclosures

Financial Metrics

Additional Information

100

Metrics