Adar Foundation
Adar Foundation shows consistent revenue but recent expenses exceed income, with no reported officer compensation.
EIN: 206607160 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $3.9M |
| Program Spending | 85% |
| Net Assets | $3.0M |
| Transparency Score | 80/100 |
Is Adar Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adar Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adar Foundation
Adar Foundation (EIN: 206607160) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $6.2M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adar Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adar 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 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-366,944 |
| Total Assets | $4.0M |
| Total Liabilities | $1.0M |
| Net Assets | $3.0M |
| Operating Margin | -10.3% |
| Debt-to-Asset Ratio | 24.9% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, Adar Foundation reported a deficit of $367K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 24.9% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), Adar Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | -6.3% | -8.4% |
| 2022 | +5.0% | +33.9% | -15.4% |
| 2021 | +2.6% | +85.0% | +2.1% |
| 2020 | +1.1% | -32.8% | +94.4% |
| 2019 | +13.1% | -49.8% | -35.8% |
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 Adar Foundation with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Adar 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 deficit of $367K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with millions in revenue and expenses and suggests a volunteer-led or externally funded leadership 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 Adar Foundation's IRS 990 filings:
- Expenses exceeding revenue in recent years (2023, 2022)
- Fluctuating asset base, with a notable decrease from 2014 to present
- Presence of significant liabilities ($1,000,000) in recent filings without clear explanation
Strengths
The following positive indicators were identified for Adar Foundation:
- Consistent revenue generation over more than a decade
- 0% reported officer compensation, indicating high dedication of funds to mission
- Substantial asset base ($4,052,319) providing a financial cushion
Frequently Asked Questions about Adar Foundation
Is Adar Foundation a legitimate charity?
Adar Foundation (EIN: 206607160) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Adar Foundation spend its money?
Adar Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Adar Foundation tax-deductible?
Adar Foundation is registered as a tax-exempt nonprofit (EIN: 206607160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Adar Foundation's spending goes to programs?
Adar Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Adar Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Adar 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 Adar Foundation located?
Adar Foundation is headquartered in New York, New York and files with the IRS under EIN 206607160. It is classified under NTEE code T20.
How many years of IRS 990 filings does Adar Foundation have?
Adar 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 $6.2M in total revenue.
Is Adar Foundation financially sustainable given recent expense trends?
The organization has reported expenses exceeding revenue in 2023 and 2022. While it has substantial assets ($4,052,319), this trend, if continued, could impact long-term sustainability. Further analysis of the nature of these expenses and revenue sources is needed.
What is the nature of the $1,000,000 liabilities reported in 2023 and 2020?
The filings indicate liabilities of $1,000,000 in both 2023 and 2020. Understanding if these are program-related payables, loans, or other obligations is crucial for assessing financial risk.
How does Adar Foundation operate without officer compensation?
The consistent 0% officer compensation suggests that leadership may be entirely volunteer-based or compensated through an affiliated entity, which is a unique operational model for an organization of this size and warrants further inquiry into its governance structure.
Filing History
IRS 990 filing history for Adar Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Adar Foundation's revenue has grown by 46.7%, moving from $2.4M to $3.6M. Total assets decreased by 22.9% over the same period, from $5.2M to $4.0M. Total functional expenses rose by 109.3%, from $1.9M to $3.9M. In its most recent filing year (2023), Adar Foundation reported a deficit of $367K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $4.0M in assets (debt-to-asset ratio: 24.9%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.9M | $4.0M | $1.0M | — | — |
| 2022 | $3.4M | $4.2M | $4.4M | $1 | — | View 990 |
| 2021 | $3.2M | $3.1M | $5.2M | $1 | — | View 990 |
| 2020 | $3.2M | $1.7M | $5.1M | $1.0M | — | View 990 |
| 2019 | $3.1M | $2.5M | $2.6M | $0 | — | View 990 |
| 2015 | $2.8M | $5.0M | $4.1M | $0 | — | View 990 |
| 2014 | $2.6M | $2.6M | $6.3M | $0 | — | View 990 |
| 2013 | $2.6M | $2.5M | $6.2M | $0 | — | View 990 |
| 2012 | $2.5M | $1.6M | $6.2M | $0 | — | View 990 |
| 2011 | $2.4M | $1.9M | $5.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.9M, and assets of $4.0M (revenue +4.9% year-over-year).
- 2022: Revenue of $3.4M, expenses of $4.2M, and assets of $4.4M (revenue +5.0% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.1M, and assets of $5.2M (revenue +2.6% year-over-year).
- 2020: Revenue of $3.2M, expenses of $1.7M, and assets of $5.1M (revenue +1.1% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.5M, and assets of $2.6M (revenue +13.1% year-over-year).
- 2015: Revenue of $2.8M, expenses of $5.0M, and assets of $4.1M (revenue +4.2% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.6M, and assets of $6.3M (revenue +2.5% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $6.2M (revenue +2.4% year-over-year).
- 2012: Revenue of $2.5M, expenses of $1.6M, and assets of $6.2M (revenue +3.9% year-over-year).
- 2011: Revenue of $2.4M, expenses of $1.9M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adar Foundation:
Data Sources and Methodology
This transparency report for Adar 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.