Adolph And Ruth Schnurmacher Foundation Inc
Adolph And Ruth Schnurmacher Foundation consistently spends more than it earns, drawing from its substantial asset base.
EIN: 132938935 · Westport, CT · Updated: 2026-03-28
Is Adolph And Ruth Schnurmacher Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adolph And Ruth Schnurmacher Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adolph And Ruth Schnurmacher Foundation Inc
Adolph And Ruth Schnurmacher Foundation Inc (EIN: 132938935) is a nonprofit organization based in Westport, CT. The organization reported total revenue of $14.4M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adolph And Ruth Schnurmacher Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adolph And Ruth Schnurmacher Foundation Inc is a large nonprofit that has been operating for 48 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-277,512 |
| Total Assets | $11.6M |
| Total Liabilities | $1 |
| Net Assets | $11.6M |
| Operating Margin | -17.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 74.8 months |
Financial Health Grade: B
In 2023, Adolph And Ruth Schnurmacher Foundation Inc reported a deficit of $278K with expenses exceeding revenue, holds 74.8 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), Adolph And Ruth Schnurmacher Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +206.8% | -0.1% | -2.3% |
| 2022 | -59.3% | +9.4% | -10.2% |
| 2021 | -20.4% | +0.1% | -3.2% |
| 2020 | +73.0% | -2.4% | -0.8% |
| 2019 | -16.3% | +2.1% | -12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Adolph And Ruth Schnurmacher Foundation Inc with a Mission Score of 85 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, Adolph And Ruth Schnurmacher Foundation Inc 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 $278K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are not compensated, which is highly favorable for the organization's financial efficiency and suggests a volunteer leadership model.
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 Adolph And Ruth Schnurmacher Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue, potentially indicating a draw-down on assets over the long term if not managed carefully (though this is common for grant-making foundations).
Strengths
The following positive indicators were identified for Adolph And Ruth Schnurmacher Foundation Inc:
- Zero officer compensation, indicating efficient use of funds and potentially volunteer leadership.
- Extremely low liabilities across all reported periods, demonstrating strong financial health and minimal debt.
- Substantial asset base (e.g., $11,639,753 in 2023) provides a strong foundation for its grant-making activities.
Frequently Asked Questions about Adolph And Ruth Schnurmacher Foundation Inc
Is Adolph And Ruth Schnurmacher Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Adolph And Ruth Schnurmacher Foundation Inc (EIN: 132938935) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Adolph And Ruth Schnurmacher Foundation Inc spend its money?
Adolph And Ruth Schnurmacher Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adolph And Ruth Schnurmacher Foundation Inc tax-deductible?
Adolph And Ruth Schnurmacher Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132938935). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Adolph And Ruth Schnurmacher Foundation Inc. financially stable?
Yes, despite consistently spending more than its annual revenue, the foundation maintains significant assets (e.g., $11,639,753 in 2023) and negligible liabilities, indicating strong financial stability and an endowment-based operational model.
What is the primary financial activity of this foundation?
The primary financial activity appears to be grant-making, as evidenced by expenses consistently exceeding revenue, suggesting distributions from its asset base rather than relying solely on annual income.
Does the foundation have high administrative costs?
Based on the 0% officer compensation, it suggests very low, if any, executive administrative costs. Without a detailed expense breakdown, it's difficult to pinpoint overall administrative overhead, but the lack of paid leadership is a positive indicator.
Filing History
IRS 990 filing history for Adolph And Ruth Schnurmacher Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Adolph And Ruth Schnurmacher Foundation Inc's revenue has grown by 347%, moving from $356K to $1.6M. Total assets decreased by 42.9% over the same period, from $20.4M to $11.6M. Total functional expenses rose by 11.7%, from $1.7M to $1.9M. In its most recent filing year (2023), Adolph And Ruth Schnurmacher Foundation Inc reported a deficit of $278K, with expenses exceeding revenue. The organization holds $1 in liabilities against $11.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.9M | $11.6M | $1 | — | — |
| 2022 | $518K | $1.9M | $11.9M | $1 | — | View 990 |
| 2021 | $1.3M | $1.7M | $13.3M | $1 | — | View 990 |
| 2020 | $1.6M | $1.7M | $13.7M | $1 | — | View 990 |
| 2019 | $924K | $1.8M | $13.8M | $1 | — | View 990 |
| 2015 | $1.1M | $1.7M | $15.8M | $1 | — | View 990 |
| 2014 | $718K | $2.0M | $16.4M | $0 | — | View 990 |
| 2013 | $510K | $2.0M | $17.7M | $0 | — | View 990 |
| 2012 | $483K | $1.7M | $19.1M | $1 | — | View 990 |
| 2011 | $356K | $1.7M | $20.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.9M, and assets of $11.6M (revenue +206.8% year-over-year).
- 2022: Revenue of $518K, expenses of $1.9M, and assets of $11.9M (revenue -59.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.7M, and assets of $13.3M (revenue -20.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $13.7M (revenue +73.0% year-over-year).
- 2019: Revenue of $924K, expenses of $1.8M, and assets of $13.8M (revenue -16.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.7M, and assets of $15.8M (revenue +53.8% year-over-year).
- 2014: Revenue of $718K, expenses of $2.0M, and assets of $16.4M (revenue +40.7% year-over-year).
- 2013: Revenue of $510K, expenses of $2.0M, and assets of $17.7M (revenue +5.6% year-over-year).
- 2012: Revenue of $483K, expenses of $1.7M, and assets of $19.1M (revenue +35.7% year-over-year).
- 2011: Revenue of $356K, expenses of $1.7M, and assets of $20.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adolph And Ruth Schnurmacher Foundation Inc:
Data Sources and Methodology
This transparency report for Adolph And Ruth Schnurmacher Foundation Inc 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.