American Scandinavian Foundation
American Scandinavian Foundation maintains strong asset base despite fluctuating revenues and no reported officer compensation.
EIN: 131623897 · New York, NY · NTEE: Q200 · Updated: 2026-03-28
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American Scandinavian Foundation is mapped to EIN 131623897.
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13 stored filing years available.
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13 stored filing years available.
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75% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $8.6M |
| Total Expenses | $4.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $48.8M |
| Transparency Score | 85/100 |
Search Intent Cockpit
American Scandinavian Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
American Scandinavian Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around American Scandinavian Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $4.2M and expenses of $4.7M.
Revenue and Expenses
American Scandinavian Foundation reported $4.2M in revenue and $4.7M in expenses, a deficit of $440K.
Executive Compensation
Top officer compensation appears as $4 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is American Scandinavian Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.5M (75%) |
Across stored filings, American Scandinavian Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category Q context |
Trust Check
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American Scandinavian Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Scandinavian Foundation
American Scandinavian Foundation (EIN: 131623897) is a nonprofit organization based in New York, NY, classified under NTEE code Q200. The organization reported total revenue of $8.6M and total assets of $52.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Scandinavian Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Scandinavian Foundation is a mid-size nonprofit that has been operating for 106 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-440,185 |
| Total Assets | $50.0M |
| Total Liabilities | $1.2M |
| Net Assets | $48.8M |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 127.8 months |
Financial Health Grade: B
In 2023, American Scandinavian Foundation reported a deficit of $440K with expenses exceeding revenue, holds 127.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Scandinavian Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.5% | +2.3% | +2.5% |
| 2022 | +90.4% | +21.0% | -13.1% |
| 2021 | -37.6% | -23.9% | +14.4% |
| 2020 | +4.8% | -5.9% | -3.0% |
| 2019 | +34.0% | +6.9% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1920 |
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 American Scandinavian Foundation 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, American Scandinavian Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $440K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
The American Scandinavian Foundation consistently reports 0% officer compensation across all 13 available IRS 990 filings. This is highly unusual for an organization with average annual expenses exceeding $4 million and assets over $50 million, suggesting either a fully volunteer executive leadership or compensation structured in a way not reported as 'officer compensation' on the 990.
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 American Scandinavian Foundation's IRS 990 filings:
- 0% officer compensation reported for an organization of this size, which is highly unusual and warrants further investigation into how leadership is compensated.
- Expenses exceeded revenue in the latest fiscal period (202306: Revenue=$4,249,826, Expenses=$4,690,011), indicating a deficit for that year, though this can be managed with a strong asset base.
Strengths
The following positive indicators were identified for American Scandinavian Foundation:
- Strong and stable asset base, consistently over $48 million, providing financial security (e.g., latest assets $52,870,458).
- Low liabilities relative to assets, indicating sound financial management and minimal debt burden (e.g., 2023 liabilities $1,201,188 vs. assets $49,962,523).
- Consistent filing of IRS Form 990s (13 filings), demonstrating a commitment to transparency.
- Long operational history with consistent financial reporting, suggesting organizational longevity and experience.
Frequently Asked Questions about American Scandinavian Foundation
Is American Scandinavian Foundation a legitimate charity?
American Scandinavian Foundation (EIN: 131623897) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does American Scandinavian Foundation spend its money?
American Scandinavian Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to American Scandinavian Foundation tax-deductible?
American Scandinavian Foundation is registered as a tax-exempt nonprofit (EIN: 131623897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Scandinavian Foundation CEO make?
American Scandinavian Foundation's highest-compensated officer earns $4 annually. The organization reported $8.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Scandinavian Foundation's spending goes to programs?
American Scandinavian Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does American Scandinavian Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), American Scandinavian Foundation is above average for NTEE category Q200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is American Scandinavian Foundation located?
American Scandinavian Foundation is headquartered in New York, New York and files with the IRS under EIN 131623897. It is classified under NTEE code Q200.
How many years of IRS 990 filings does American Scandinavian Foundation have?
American Scandinavian Foundation has 13 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 $8.6M in total revenue.
How does the American Scandinavian Foundation fund its operations given the 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be volunteer-based, or their compensation is categorized differently within the 990, such as through independent contractor fees or other staff salaries, which would require a deeper dive into the full 990 forms to clarify.
What is the primary source of the American Scandinavian Foundation's substantial assets?
While the provided data doesn't specify the exact composition, the consistent high asset base (e.g., $52,870,458 latest assets) for an organization with fluctuating revenues suggests a significant endowment or investment portfolio built over time, likely from donations and investment returns.
Has the American Scandinavian Foundation experienced significant financial instability?
Despite fluctuations in annual revenue and expenses (e.g., revenue ranging from $3.5M to $6.8M), the organization has maintained a remarkably stable and substantial asset base, consistently above $48 million, indicating overall financial stability and resilience.
What is the trend in the American Scandinavian Foundation's net assets?
The net assets have generally remained strong and stable, fluctuating around the $48-$56 million range over the past decade, with the latest reported assets at $52,870,458. This indicates effective long-term financial stewardship.
Filing History
IRS 990 filing history for American Scandinavian Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Scandinavian Foundation's revenue has grown by 18.5%, moving from $3.6M to $4.2M. Total assets increased by 3.2% over the same period, from $48.4M to $50.0M. Total functional expenses rose by 5.5%, from $4.4M to $4.7M. In its most recent filing year (2023), American Scandinavian Foundation reported a deficit of $440K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $50.0M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $48.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.7M | $50.0M | $1.2M | — | — |
| 2022 | $6.8M | $4.6M | $48.8M | $1.7M | — | View 990 |
| 2021 | $3.6M | $3.8M | $56.1M | $1.8M | — | View 990 |
| 2020 | $5.7M | $5.0M | $49.1M | $1.5M | — | View 990 |
| 2019 | $5.5M | $5.3M | $50.6M | $1.0M | — | View 990 |
| 2018 | $4.1M | $5.0M | $49.8M | $1.1M | — | View 990 |
| 2017 | $3.6M | $4.8M | $49.8M | $1.0M | — | View 990 |
| 2016 | $5.6M | $4.5M | $48.2M | $980K | — | View 990 |
| 2015 | $4.8M | $4.5M | $48.4M | $907K | — | View 990 |
| 2014 | $4.3M | $4.7M | $51.6M | $914K | — | View 990 |
| 2013 | $3.9M | $4.6M | $48.1M | $937K | — | View 990 |
| 2012 | $4.1M | $5.4M | $46.5M | $956K | — | View 990 |
| 2011 | $3.6M | $4.4M | $48.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.7M, and assets of $50.0M (revenue -37.5% year-over-year).
- 2022: Revenue of $6.8M, expenses of $4.6M, and assets of $48.8M (revenue +90.4% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.8M, and assets of $56.1M (revenue -37.6% year-over-year).
- 2020: Revenue of $5.7M, expenses of $5.0M, and assets of $49.1M (revenue +4.8% year-over-year).
- 2019: Revenue of $5.5M, expenses of $5.3M, and assets of $50.6M (revenue +34.0% year-over-year).
- 2018: Revenue of $4.1M, expenses of $5.0M, and assets of $49.8M (revenue +11.9% year-over-year).
- 2017: Revenue of $3.6M, expenses of $4.8M, and assets of $49.8M (revenue -34.6% year-over-year).
- 2016: Revenue of $5.6M, expenses of $4.5M, and assets of $48.2M (revenue +15.8% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.5M, and assets of $48.4M (revenue +11.2% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.7M, and assets of $51.6M (revenue +10.0% year-over-year).
- 2013: Revenue of $3.9M, expenses of $4.6M, and assets of $48.1M (revenue -4.7% year-over-year).
- 2012: Revenue of $4.1M, expenses of $5.4M, and assets of $46.5M (revenue +15.1% year-over-year).
- 2011: Revenue of $3.6M, expenses of $4.4M, and assets of $48.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Scandinavian Foundation:
Data Sources and Methodology
This transparency report for American Scandinavian 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.