5 51 5 Foundation
5 51 5 Foundation experiences extreme revenue and expense volatility with no reported officer compensation.
EIN: 208844111 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $189K |
| Program Spending | 85% |
| Net Assets | $2.0M |
| Transparency Score | 70/100 |
Is 5 51 5 Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
5 51 5 Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 5 51 5 Foundation
5 51 5 Foundation (EIN: 208844111) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $5.0M and total assets of $742K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 5 51 5 Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
5 51 5 Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $189K |
| Surplus / Deficit | +$8.1M |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | 97.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.7 months |
Financial Health Grade: A
In 2023, 5 51 5 Foundation reported a surplus of $8.1M with revenue exceeding expenses, holds 124.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), 5 51 5 Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25947.3% | -85.3% | +145.0% |
| 2022 | -99.2% | +1986.8% | -61.0% |
| 2021 | +608536.1% | -81.4% | +63344.1% |
| 2020 | -99.8% | +127.7% | -99.0% |
| 2019 | +3116342.9% | +110.6% | +207.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 5 51 5 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, 5 51 5 Foundation 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 $8.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor perception and suggests a volunteer-led or externally managed structure.
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 5 51 5 Foundation's IRS 990 filings:
- Extreme revenue volatility (e.g., $31,925 in 2022 to $8,315,586 in 2023) makes financial planning and stability difficult to assess.
- Significant expense swings (e.g., $1,290,112 in 2022 vs. $189,423 in 2023) without clear explanation.
- Consistently reported minimal liabilities ($0 or $1) across all periods, which may warrant further scrutiny given the scale of financial activity.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data limits assessment of spending efficiency.
Strengths
The following positive indicators were identified for 5 51 5 Foundation:
- Consistent reporting of $0 officer compensation across all filings, indicating strong fiscal responsibility regarding executive pay.
- Significant asset growth in certain periods (e.g., from $60,539 in 2011 to $1,967,825 in 2023), demonstrating capacity to hold funds.
- Operating as a grantmaking foundation (NTEE T20) suggests a focus on supporting other charitable endeavors.
Frequently Asked Questions about 5 51 5 Foundation
Is 5 51 5 Foundation a legitimate charity?
5 51 5 Foundation (EIN: 208844111) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.0M. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does 5 51 5 Foundation spend its money?
5 51 5 Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to 5 51 5 Foundation tax-deductible?
5 51 5 Foundation is registered as a tax-exempt nonprofit (EIN: 208844111). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 5 51 5 Foundation's spending goes to programs?
5 51 5 Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 5 51 5 Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), 5 51 5 Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 5 51 5 Foundation located?
5 51 5 Foundation is headquartered in New York, New York and files with the IRS under EIN 208844111. It is classified under NTEE code T20.
How many years of IRS 990 filings does 5 51 5 Foundation have?
5 51 5 Foundation has 10 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 $5.0M in total revenue.
Is 5 51 5 Foundation a good charity?
Based on the available data, the foundation demonstrates strong financial transparency regarding executive compensation (reporting $0). However, the extreme volatility in revenue and expenses, coupled with the lack of detailed functional expense breakdowns, makes a definitive 'good' or 'bad' assessment challenging without further information on its grantmaking activities and impact. Its role as a grantmaking foundation (NTEE T20) means its 'program spending' is likely grants to other organizations.
Why is the revenue so inconsistent year-over-year?
The revenue for 5 51 5 Foundation is highly inconsistent, fluctuating from $31,925 in 2022 to $8,315,586 in 2023. This could be due to a reliance on a few large, infrequent donations, significant investment gains/losses, or the timing of large grant receipts typical for a grantmaking foundation. Without more context on its funding model, the exact reasons are unclear.
What are the primary expenses of the organization?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories. However, as a grantmaking foundation (NTEE T20), a significant portion of its expenses would typically be grants paid to other organizations, with remaining costs covering operational and administrative overhead.
How does the organization manage its assets and liabilities?
The organization's assets have varied significantly, from $60,539 in 2011 to $1,967,825 in 2023, reflecting its fluctuating financial activity. Liabilities are consistently reported as extremely low ($0 or $1), which could indicate a very strong financial position with minimal debt, or it could suggest that certain types of obligations are not being fully captured or reported in the provided summary data.
Filing History
IRS 990 filing history for 5 51 5 Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), 5 51 5 Foundation's revenue has grown by 209.7%, moving from $2.7M to $8.3M. Total assets increased by 3150.5% over the same period, from $61K to $2.0M. Total functional expenses fell by 94.5%, from $3.4M to $189K. In its most recent filing year (2023), 5 51 5 Foundation reported a surplus of $8.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $189K | $2.0M | $1 | — | View 990 |
| 2022 | $32K | $1.3M | $803K | $1 | — | View 990 |
| 2021 | $4.1M | $62K | $2.1M | $1 | — | View 990 |
| 2020 | $674 | $333K | $3K | $1 | — | — |
| 2019 | $436K | $146K | $336K | $1 | — | — |
| 2015 | $14 | $69K | $109K | $0 | — | View 990 |
| 2014 | $37 | $378K | $179K | $0 | — | View 990 |
| 2013 | $1.9M | $697K | $557K | $0 | — | View 990 |
| 2012 | $2.3M | $1.4M | $197K | $0 | — | View 990 |
| 2011 | $2.7M | $3.4M | $61K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $189K, and assets of $2.0M (revenue +25947.3% year-over-year).
- 2022: Revenue of $32K, expenses of $1.3M, and assets of $803K (revenue -99.2% year-over-year).
- 2021: Revenue of $4.1M, expenses of $62K, and assets of $2.1M (revenue +608536.1% year-over-year).
- 2020: Revenue of $674, expenses of $333K, and assets of $3K (revenue -99.8% year-over-year).
- 2019: Revenue of $436K, expenses of $146K, and assets of $336K (revenue +3116342.9% year-over-year).
- 2015: Revenue of $14, expenses of $69K, and assets of $109K (revenue -62.2% year-over-year).
- 2014: Revenue of $37, expenses of $378K, and assets of $179K (revenue -100.0% year-over-year).
- 2013: Revenue of $1.9M, expenses of $697K, and assets of $557K (revenue -15.7% year-over-year).
- 2012: Revenue of $2.3M, expenses of $1.4M, and assets of $197K (revenue -14.8% year-over-year).
- 2011: Revenue of $2.7M, expenses of $3.4M, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 5 51 5 Foundation:
Data Sources and Methodology
This transparency report for 5 51 5 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.