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Arts, Culture, Humanities : Museums

Solomon R. Guggenheim Foundation

Promotion, encouragement and education in art and the enlightenment of the public

two stars

77.71

1071 Fifth Avenue New York, NY 10128
tel: (212) 423-3535   Web Site
EIN: 13-5562233

Board Leadership
William L. Mack
Chair

CEO
Richard Armstrong
Director, Solomon R. Guggenheim Museum and Foundation

  Score
(out of 100)
Rating
Overall Score & Rating 77.71 two stars
  Financial 68.74 one star
  Accountability & Transparency 96.00 four stars
This rating was published 06/01/2021 and includes data from FY2019, the most recent 990 received at that time.

The mission of the Solomon R. Guggenheim Foundation is to promote the understanding and appreciation of art, architecture, and other manifestations of visual culture, primarily of the modern and contemporary periods, and to collect, conserve, and study the art of our time. The Foundation realizes this mission through exceptional exhibitions, education programs, research initiatives, and publications, and strives to engage and educate an increasingly diverse international audience through its unique network of museums and cultural partnerships.

The mission of the Solomon R. Guggenheim Foundation is to promote the understanding and appreciation of art, architecture, and other manifestations of visual culture, primarily of the modern and contemporary periods, and to collect, conserve, and study the art of our time. The Foundation realizes this mission through exceptional exhibitions, education programs, research initiatives, and publications, and strives to engage and educate an increasingly diverse international audience through its unique network of museums and cultural partnerships.

Financial

one star

68.74

Accountability & Transparency

four stars

96.00

This rating was published 06/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
70.6%
  Administrative Expenses 22.4%
  Fundraising Expenses 6.9%
  Fundraising Efficiency $0.15
  Working Capital Ratio (years) 0.44
  Program Expenses Growth -5.1%
  Liabilities to Assets 35.8%
All data for Financial Performance Metrics calculations was provided by Solomon R. Guggenheim Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Solomon R. Guggenheim Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Solomon R. Guggenheim Foundation (NY) 77.71 two stars
The Phillips Collection (DC) 87.36 three stars
Dia Art Foundation (NY) 90.06 four stars
Hyde Park Art Center (IL) 85.49 three stars
Museum of Contemporary Art Denver (CO) 86.50 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $23,754,138
   Federated Campaigns $0
   Membership Dues $4,883,560
   Fundraising Events $2,477,826
   Related Organizations $0
   Government Grants $564,785
Total Contributions $31,680,309
   Program Service Revenue $31,033,652
Total Primary Revenue $62,713,961
   Other Revenue $21,906,114
TOTAL REVENUE $84,620,075
   
EXPENSES  
   Program Expenses $48,903,936
   Administrative Expenses $16,782,822
   Fundraising Expenses $5,439,124
TOTAL FUNCTIONAL EXPENSES $71,125,882
   
Payments to Affiliates $0
Excess (or Deficit) for the year $13,494,193
   
Net Assets $114,687,565

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Curatorial, Collection Management & Acquisition $13,951,356 28.5%
Exhibitions $11,159,837 22.8%
Museum Operations $6,674,092 13.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 06/01/2021 77.71 two stars
2018-12 05/01/2020 77.75 two stars
2017-12 10/01/2019 76.06 two stars
2016-12 06/01/2018 78.32 two stars
2015-12 06/01/2017 79.57 two stars
2014-12 06/01/2016 82.69 three stars
 
CN 2.0
2013-12 08/01/2015 85.90 three stars
2012-12 05/01/2014 86.77 three stars
2011-12 04/01/2013 85.77 three stars
2010-12 04/01/2012 80.86 three stars
2009-12 09/20/2011 80.47 three stars
 
CN 1.0
2009-12 05/01/2011 72.35 two stars
2008-12 06/01/2010 76.26 two stars
2007-12 07/01/2009 89.56 three stars
2006-12 07/01/2008 84.77 three stars
2005-12 03/01/2008 90.24 four stars
2004-12 05/01/2006 79.00 two stars
2003-12 02/01/2005 74.98 two stars
2002-12 05/01/2004 81.88 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-5562233
Name in IRS Master File SOLOMON R GUGGENHEIM FOUNDATION
NTEE Code A51
NTEE Classification Art Museums
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (119) Other cultural or historical activities
(60) Museum, zoo, planetarium, etc.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date March, 1938
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$828,001 1.16% Richard Armstrong Director of Museum

Highly Rated

Charity Name & State Overall Score Overall Rating
Solomon R. Guggenheim Foundation (NY) 77.71 two stars
Mattress Factory (PA) 89.53 three stars
The Phillips Collection (DC) 87.36 three stars
Contemporary Art Museum St. Louis (MO) 88.80 three stars
Whitney Museum of American Art (NY) 87.25 three stars

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Charity Contact Info

Solomon R. Guggenheim Foundation
1071 Fifth Avenue
New York, NY 10128
tel: (212) 423-3535
EIN: 13-5562233

Visit Web Site

Board Leadership

William L. Mack
Chair

CEO

Richard Armstrong
Director, Solomon R. Guggenheim Museum and Foundation

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