Auerbach Schiro Foundation
Auerbach Schiro Foundation maintains over $2 million in assets with no reported officer compensation, despite recent operating deficits.
EIN: 133692236 · West Hartford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $257K |
| Total Expenses | $222K |
| Program Spending | 85% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Auerbach Schiro Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Auerbach Schiro Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Auerbach Schiro Foundation
Auerbach Schiro Foundation (EIN: 133692236) is a nonprofit organization based in West Hartford, CT. The organization reported total revenue of $257K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Auerbach Schiro Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Auerbach Schiro Foundation is a small nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $222K |
| Surplus / Deficit | $-57,465 |
| Total Assets | $2.2M |
| Total Liabilities | $1 |
| Net Assets | $2.2M |
| Operating Margin | -34.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 118.5 months |
Financial Health Grade: B
In 2023, Auerbach Schiro Foundation reported a deficit of $57K with expenses exceeding revenue, holds 118.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | -6.7% | -2.6% |
| 2022 | -45.6% | +27.2% | -2.4% |
| 2021 | +64.0% | +4.1% | +7.0% |
| 2020 | +22.9% | +2.2% | +1.2% |
| 2019 | +11.1% | +22.2% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Auerbach Schiro 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Auerbach Schiro 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 $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Auerbach Schiro Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led organization or one with extremely low administrative overhead, which is highly favorable for 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 Auerbach Schiro Foundation's IRS 990 filings:
- Recent operating deficits (expenses exceeding revenue) in 2022 and 2023, which could be unsustainable if continued long-term without drawing from assets.
Strengths
The following positive indicators were identified for Auerbach Schiro Foundation:
- Strong and consistent asset base, exceeding $2 million for many years, providing financial stability.
- Minimal liabilities, often reported as $1, indicating very low financial risk.
- 0% officer compensation reported across all filings, suggesting high efficiency in administrative costs and dedication of leadership.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Auerbach Schiro Foundation
Is Auerbach Schiro Foundation a legitimate charity?
Auerbach Schiro Foundation (EIN: 133692236) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $257K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Auerbach Schiro Foundation spend its money?
Auerbach Schiro Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Auerbach Schiro Foundation tax-deductible?
Auerbach Schiro Foundation is registered as a tax-exempt nonprofit (EIN: 133692236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Auerbach Schiro Foundation's spending goes to programs?
Auerbach Schiro Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Auerbach Schiro Foundation located?
Auerbach Schiro Foundation is headquartered in West Hartford, Connecticut and files with the IRS under EIN 133692236.
How many years of IRS 990 filings does Auerbach Schiro Foundation have?
Auerbach Schiro 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 $257K in total revenue.
Is Auerbach Schiro Foundation a good charity?
Based on the available data, the Auerbach Schiro Foundation appears to be a financially stable organization with a strong asset base and minimal liabilities. The absence of officer compensation is a significant positive, suggesting a high proportion of resources could be directed towards its mission. However, without specific program details, it's difficult to fully assess its direct impact.
How does the foundation manage to maintain assets despite fluctuating revenues?
The consistent asset base, despite varying annual revenues and occasional operating deficits (e.g., 2023, 2022), suggests the foundation likely has a well-managed endowment or investment portfolio that generates returns and helps sustain its financial position over time.
What is the trend in the foundation's financial performance?
The foundation has shown consistent asset growth over the long term, from $1,910,512 in 2011 to $2,194,003 in 2023. However, recent years (2022 and 2023) have seen expenses exceed revenue, leading to operating deficits, which is a shift from earlier periods like 2021 where revenue significantly exceeded expenses.
Filing History
IRS 990 filing history for Auerbach Schiro Foundation showing financial trends over 10 years of public records:
Total assets increased by 14.8% over the same period, from $1.9M to $2.2M. Total functional expenses rose by 93.4%, from $115K to $222K. In its most recent filing year (2023), Auerbach Schiro Foundation reported a deficit of $57K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $222K | $2.2M | $1 | — | View 990 |
| 2022 | $184K | $238K | $2.3M | $1 | — | View 990 |
| 2021 | $338K | $187K | $2.3M | $1 | — | View 990 |
| 2020 | $206K | $180K | $2.2M | $1 | — | — |
| 2019 | $167K | $176K | $2.1M | $1 | — | View 990 |
| 2015 | $151K | $144K | $2.0M | $0 | — | View 990 |
| 2014 | $145K | $144K | $1.9M | $0 | — | View 990 |
| 2013 | $209K | $121K | $1.9M | $0 | — | View 990 |
| 2012 | $74K | $128K | $1.9M | $0 | — | View 990 |
| 2011 | $-11,314 | $115K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $222K, and assets of $2.2M (revenue -10.3% year-over-year).
- 2022: Revenue of $184K, expenses of $238K, and assets of $2.3M (revenue -45.6% year-over-year).
- 2021: Revenue of $338K, expenses of $187K, and assets of $2.3M (revenue +64.0% year-over-year).
- 2020: Revenue of $206K, expenses of $180K, and assets of $2.2M (revenue +22.9% year-over-year).
- 2019: Revenue of $167K, expenses of $176K, and assets of $2.1M (revenue +11.1% year-over-year).
- 2015: Revenue of $151K, expenses of $144K, and assets of $2.0M (revenue +4.1% year-over-year).
- 2014: Revenue of $145K, expenses of $144K, and assets of $1.9M (revenue -30.8% year-over-year).
- 2013: Revenue of $209K, expenses of $121K, and assets of $1.9M (revenue +181.7% year-over-year).
- 2012: Revenue of $74K, expenses of $128K, and assets of $1.9M.
- 2011: Revenue of $-11,314, expenses of $115K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Auerbach Schiro Foundation:
Data Sources and Methodology
This transparency report for Auerbach Schiro 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.