Abraham And Mildred Goldstein Charitable Tr 101494
Abraham And Mildred Goldstein Charitable Tr consistently operates without officer compensation, frequently spending more than its annual revenue.
EIN: 137061296 · New Milford, CT · NTEE: J99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $498K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $12.7M |
| Transparency Score | 90/100 |
Is Abraham And Mildred Goldstein Charitable Tr 101494 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abraham And Mildred Goldstein Charitable Tr 101494 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abraham And Mildred Goldstein Charitable Tr 101494
Abraham And Mildred Goldstein Charitable Tr 101494 (EIN: 137061296) is a nonprofit organization based in New Milford, CT, classified under NTEE code J99Z. The organization reported total revenue of $2.0M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abraham And Mildred Goldstein Charitable Tr 101494's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abraham And Mildred Goldstein Charitable Tr 101494 is a mid-size nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -25.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $418K |
| Total Expenses | $498K |
| Surplus / Deficit | $-80,323 |
| Total Assets | $12.7M |
| Total Liabilities | $1 |
| Net Assets | $12.7M |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 306.2 months |
Financial Health Grade: B
In 2023, Abraham And Mildred Goldstein Charitable Tr 101494 reported a deficit of $80K with expenses exceeding revenue, holds 306.2 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), Abraham And Mildred Goldstein Charitable Tr 101494's revenue has declined at a compound annual growth rate (CAGR) of -25.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | -40.1% | -2.2% |
| 2022 | -54.4% | +54.1% | -4.3% |
| 2021 | -3.5% | -27.2% | +1.3% |
| 2020 | +43.2% | -22.3% | +0.2% |
| 2019 | +10.7% | -31.2% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Abraham And Mildred Goldstein Charitable Tr 101494 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: 90%
- fundraising: 0%
According to IRS 990 filings, Abraham And Mildred Goldstein Charitable Tr 101494 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a foundation of its size with assets exceeding $12 million.
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 Abraham And Mildred Goldstein Charitable Tr 101494's IRS 990 filings:
- Consistent expenses exceeding revenue in multiple periods (e.g., 2023, 2022, 2019), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Abraham And Mildred Goldstein Charitable Tr 101494:
- Zero officer compensation reported across all filings, indicating high efficiency in executive costs.
- Strong asset base, with assets consistently over $12 million, providing long-term financial stability.
- Excellent transparency with a decade of consistent IRS 990 filings.
- Extremely low liabilities, consistently reported as $1, indicating minimal debt burden.
Frequently Asked Questions about Abraham And Mildred Goldstein Charitable Tr 101494
Is Abraham And Mildred Goldstein Charitable Tr 101494 a legitimate charity?
Abraham And Mildred Goldstein Charitable Tr 101494 (EIN: 137061296) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Abraham And Mildred Goldstein Charitable Tr 101494 spend its money?
Abraham And Mildred Goldstein Charitable Tr 101494 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Abraham And Mildred Goldstein Charitable Tr 101494 tax-deductible?
Abraham And Mildred Goldstein Charitable Tr 101494 is registered as a tax-exempt nonprofit (EIN: 137061296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Abraham And Mildred Goldstein Charitable Tr 101494 CEO make?
Abraham And Mildred Goldstein Charitable Tr 101494's highest-compensated officer earns $12 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Abraham And Mildred Goldstein Charitable Tr 101494 compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Abraham And Mildred Goldstein Charitable Tr 101494 is above average for NTEE category J99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abraham And Mildred Goldstein Charitable Tr 101494 located?
Abraham And Mildred Goldstein Charitable Tr 101494 is headquartered in New Milford, Connecticut and files with the IRS under EIN 137061296. It is classified under NTEE code J99Z.
How many years of IRS 990 filings does Abraham And Mildred Goldstein Charitable Tr 101494 have?
Abraham And Mildred Goldstein Charitable Tr 101494 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 $2.0M in total revenue.
Is Abraham And Mildred Goldstein Charitable Tr 101494 a good charity?
Based on the available data, it appears to be a well-managed private foundation. It has substantial assets, no reported officer compensation, and a consistent filing history. Its financial stability is strong, though it frequently spends more than its annual revenue, drawing from its endowment.
What is the primary purpose of this organization?
As a charitable trust (NTEE Code J99Z - Philanthropy, Voluntarism, and Grantmaking Foundations, Not Elsewhere Classified), its primary purpose is likely grantmaking or supporting other charitable organizations, rather than direct program delivery.
How does the organization manage its expenses relative to its income?
The organization frequently incurs expenses that exceed its annual revenue, as seen in 2023 ($498,476 expenses vs. $418,153 revenue) and other years. This suggests it relies on its substantial asset base to fund its charitable activities, which is typical for an endowed foundation.
Filing History
IRS 990 filing history for Abraham And Mildred Goldstein Charitable Tr 101494 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Abraham And Mildred Goldstein Charitable Tr 101494's revenue has declined by 97.2%, moving from $14.8M to $418K. Total assets decreased by 6.5% over the same period, from $13.6M to $12.7M. Total functional expenses fell by 60.1%, from $1.3M to $498K. In its most recent filing year (2023), Abraham And Mildred Goldstein Charitable Tr 101494 reported a deficit of $80K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $418K | $498K | $12.7M | $1 | — | — |
| 2022 | $414K | $832K | $13.0M | $1 | — | View 990 |
| 2021 | $908K | $539K | $13.6M | $1 | — | View 990 |
| 2020 | $941K | $741K | $13.4M | $1 | — | View 990 |
| 2019 | $657K | $953K | $13.4M | $1 | — | — |
| 2015 | $593K | $1.4M | $13.2M | $1 | — | View 990 |
| 2014 | $1.1M | $1.5M | $14.0M | $1 | — | View 990 |
| 2013 | $3.0M | $1.5M | $14.4M | $1 | — | View 990 |
| 2012 | $920K | $1.6M | $12.9M | $1 | — | View 990 |
| 2011 | $14.8M | $1.3M | $13.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $418K, expenses of $498K, and assets of $12.7M (revenue +1.0% year-over-year).
- 2022: Revenue of $414K, expenses of $832K, and assets of $13.0M (revenue -54.4% year-over-year).
- 2021: Revenue of $908K, expenses of $539K, and assets of $13.6M (revenue -3.5% year-over-year).
- 2020: Revenue of $941K, expenses of $741K, and assets of $13.4M (revenue +43.2% year-over-year).
- 2019: Revenue of $657K, expenses of $953K, and assets of $13.4M (revenue +10.7% year-over-year).
- 2015: Revenue of $593K, expenses of $1.4M, and assets of $13.2M (revenue -44.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.5M, and assets of $14.0M (revenue -64.7% year-over-year).
- 2013: Revenue of $3.0M, expenses of $1.5M, and assets of $14.4M (revenue +227.5% year-over-year).
- 2012: Revenue of $920K, expenses of $1.6M, and assets of $12.9M (revenue -93.8% year-over-year).
- 2011: Revenue of $14.8M, expenses of $1.3M, and assets of $13.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abraham And Mildred Goldstein Charitable Tr 101494:
Data Sources and Methodology
This transparency report for Abraham And Mildred Goldstein Charitable Tr 101494 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.