Astraea Foundation Inc
Astraea Foundation Inc. reports two consecutive years of deficit spending despite substantial assets.
EIN: 132992977 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.9M |
| Total Expenses | $14.4M |
| Program Spending | 85% |
| Net Assets | $18.9M |
| Transparency Score | 88/100 |
Is Astraea Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Astraea Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Astraea Foundation Inc
Astraea Foundation Inc (EIN: 132992977) is a nonprofit organization based in New York, NY. The organization reported total revenue of $18.9M and total assets of $25.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Astraea Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Astraea Foundation Inc is a large nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.1M |
| Total Expenses | $14.4M |
| Surplus / Deficit | $-4,390,125 |
| Total Assets | $24.0M |
| Total Liabilities | $5.0M |
| Net Assets | $18.9M |
| Operating Margin | -43.7% |
| Debt-to-Asset Ratio | 21.0% |
| Months of Reserves | 19.9 months |
Financial Health Grade: B
In 2023, Astraea Foundation Inc reported a deficit of $4.4M with expenses exceeding revenue, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 21.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Astraea Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.2% | -8.3% | -15.3% |
| 2022 | -50.8% | +19.0% | -18.5% |
| 2021 | -0.2% | -1.0% | +33.2% |
| 2020 | +102.9% | +6.2% | +53.9% |
| 2019 | -24.9% | +7.7% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1979 |
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 Astraea Foundation Inc with a Mission Score of 88 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, Astraea Foundation Inc 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 $4.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.0%.
Executive Compensation Analysis
Astraea Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation is reported for officers, directors, trustees, or key employees, which is highly favorable for transparency and resource allocation.
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 Astraea Foundation Inc's IRS 990 filings:
- Consecutive years of expenses exceeding revenue (2022 and 2023)
- Significant fluctuations in annual revenue, making financial planning potentially challenging
Strengths
The following positive indicators were identified for Astraea Foundation Inc:
- Strong asset base ($23,968,176 in 2023) providing financial stability
- Consistent reporting of 0% officer compensation, indicating high transparency regarding executive pay
- High program spending ratio (estimated 85%) suggests efficient use of funds for its mission
- History of significant revenue generation, reaching over $21 million in 2020 and 2021
Frequently Asked Questions about Astraea Foundation Inc
Is Astraea Foundation Inc a legitimate charity?
Astraea Foundation Inc (EIN: 132992977) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 12 years of IRS 990 filings on record. Total revenue: $18.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Astraea Foundation Inc spend its money?
Astraea Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Astraea Foundation Inc tax-deductible?
Astraea Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132992977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Astraea Foundation Inc's spending goes to programs?
Astraea Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Astraea Foundation Inc located?
Astraea Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 132992977.
How many years of IRS 990 filings does Astraea Foundation Inc have?
Astraea Foundation Inc has 12 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 $18.9M in total revenue.
Why have expenses exceeded revenue in the last two fiscal periods?
In fiscal year 2023, expenses were $14,441,976 while revenue was $10,051,851, resulting in a deficit. Similarly, in 2022, expenses were $15,744,180 against $10,496,868 in revenue. This trend suggests the organization is drawing on its reserves or experiencing a temporary funding gap.
How does Astraea Foundation Inc. manage its significant asset base?
The organization maintains a substantial asset base, reported at $23,968,176 in 2023. This indicates a strong financial cushion, likely built from previous years of revenue surpluses, which can help sustain operations during periods of deficit spending.
What is the reason for the 0% officer compensation reported?
The consistent reporting of 0% officer compensation across all filings suggests that either the organization's officers, directors, trustees, and key employees are not compensated, or their compensation is reported under different categories not captured by 'Officer Comp' in the provided summary. This is a strong indicator of transparency regarding executive pay.
Filing History
IRS 990 filing history for Astraea Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Astraea Foundation Inc's revenue has grown by 142%, moving from $4.2M to $10.1M. Total assets increased by 189.1% over the same period, from $8.3M to $24.0M. Total functional expenses rose by 126.5%, from $6.4M to $14.4M. In its most recent filing year (2023), Astraea Foundation Inc reported a deficit of $4.4M, with expenses exceeding revenue. The organization holds $5.0M in liabilities against $24.0M in assets (debt-to-asset ratio: 21.0%), resulting in net assets of $18.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $14.4M | $24.0M | $5.0M | — | — |
| 2022 | $10.5M | $15.7M | $28.3M | $5.9M | — | View 990 |
| 2021 | $21.3M | $13.2M | $34.7M | $4.7M | — | View 990 |
| 2020 | $21.4M | $13.4M | $26.1M | $5.2M | — | View 990 |
| 2019 | $10.5M | $12.6M | $16.9M | $3.8M | — | — |
| 2018 | $14.0M | $11.7M | $18.4M | $3.5M | — | View 990 |
| 2017 | $12.7M | $10.3M | $16.1M | $4.5M | — | View 990 |
| 2015 | $8.3M | $7.3M | $12.8M | $3.6M | — | View 990 |
| 2014 | $6.4M | $6.6M | $12.5M | $3.4M | — | View 990 |
| 2013 | $5.1M | $4.6M | $11.0M | $2.0M | — | View 990 |
| 2012 | $6.3M | $3.7M | $10.2M | $2.1M | — | View 990 |
| 2011 | $4.2M | $6.4M | $8.3M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $14.4M, and assets of $24.0M (revenue -4.2% year-over-year).
- 2022: Revenue of $10.5M, expenses of $15.7M, and assets of $28.3M (revenue -50.8% year-over-year).
- 2021: Revenue of $21.3M, expenses of $13.2M, and assets of $34.7M (revenue -0.2% year-over-year).
- 2020: Revenue of $21.4M, expenses of $13.4M, and assets of $26.1M (revenue +102.9% year-over-year).
- 2019: Revenue of $10.5M, expenses of $12.6M, and assets of $16.9M (revenue -24.9% year-over-year).
- 2018: Revenue of $14.0M, expenses of $11.7M, and assets of $18.4M (revenue +10.8% year-over-year).
- 2017: Revenue of $12.7M, expenses of $10.3M, and assets of $16.1M (revenue +51.9% year-over-year).
- 2015: Revenue of $8.3M, expenses of $7.3M, and assets of $12.8M (revenue +30.3% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.6M, and assets of $12.5M (revenue +24.6% year-over-year).
- 2013: Revenue of $5.1M, expenses of $4.6M, and assets of $11.0M (revenue -18.6% year-over-year).
- 2012: Revenue of $6.3M, expenses of $3.7M, and assets of $10.2M (revenue +51.7% year-over-year).
- 2011: Revenue of $4.2M, expenses of $6.4M, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Astraea Foundation Inc:
Data Sources and Methodology
This transparency report for Astraea 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.