"It's a Wonderful Life" is considered one of the greatest films of all time. It was nominated for five Academy Awards, including Best Picture, and has been recognized by the American Film Institute as one of the 100 best American films ever made. It was No. 11 on the American Film Institute's 1998 greatest movie list, No. 20 on its 2007 greatest movie list, and No. 1 on its list of the most inspirational American films of all time. Capra revealed that it was his favorite among the films he directed and that he screened it for his family every Christmas season. It was also Jimmy Stewart's favorite film. In 1990, the film was designated as "culturally, historically or aesthetically significant" and added to the National Film Registry of the Library of Congress.