Bernard And Anne Spitzer Charitable Tr
Bernard And Anne Spitzer Charitable Tr consistently expends more than its annual revenue, drawing from a growing asset base to fund its mission.
EIN: 137298842 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.6M |
| Total Expenses | $58.5M |
| Program Spending | 90% |
| Net Assets | $403.7M |
| Transparency Score | 85/100 |
Is Bernard And Anne Spitzer Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bernard And Anne Spitzer Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bernard And Anne Spitzer Charitable Tr
Bernard And Anne Spitzer Charitable Tr (EIN: 137298842) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $10.6M and total assets of $326.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bernard And Anne Spitzer Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bernard And Anne Spitzer Charitable Tr is a large nonprofit that has been operating for 25 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.9M |
| Total Expenses | $58.5M |
| Surplus / Deficit | $-28,606,546 |
| Total Assets | $403.9M |
| Total Liabilities | $207K |
| Net Assets | $403.7M |
| Operating Margin | -95.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 82.8 months |
Financial Health Grade: B
In 2023, Bernard And Anne Spitzer Charitable Tr reported a deficit of $28.6M with expenses exceeding revenue, holds 82.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Bernard And Anne Spitzer Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +157.5% | +2.0% | -9.4% |
| 2022 | -67.1% | +2.5% | -12.0% |
| 2021 | +100.9% | +0.2% | -6.9% |
| 2020 | -14.6% | +3.5% | -6.9% |
| 2019 | +133.9% | +358.6% | +996.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Bernard And Anne Spitzer Charitable Tr 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Bernard And Anne Spitzer Charitable Tr allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $28.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a foundation of this size.
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 Bernard And Anne Spitzer Charitable Tr's IRS 990 filings:
- Consistent expenses exceeding revenue without clear explanation of endowment draw in summary data (though common for foundations)
- Significant liabilities in recent years without specific details in summary data
Strengths
The following positive indicators were identified for Bernard And Anne Spitzer Charitable Tr:
- Substantial and growing asset base ($403,894,894 in 2023)
- Zero reported officer compensation across all filings, indicating high efficiency
- Consistent high level of expenditures, suggesting active grantmaking
- Long filing history (9 filings) demonstrating sustained operation
Frequently Asked Questions about Bernard And Anne Spitzer Charitable Tr
Is Bernard And Anne Spitzer Charitable Tr a legitimate charity?
Bernard And Anne Spitzer Charitable Tr (EIN: 137298842) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $10.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bernard And Anne Spitzer Charitable Tr spend its money?
Bernard And Anne Spitzer Charitable Tr directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bernard And Anne Spitzer Charitable Tr tax-deductible?
Bernard And Anne Spitzer Charitable Tr is registered as a tax-exempt nonprofit (EIN: 137298842). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bernard And Anne Spitzer Charitable Tr's spending goes to programs?
Bernard And Anne Spitzer Charitable Tr directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bernard And Anne Spitzer Charitable Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bernard And Anne Spitzer Charitable Tr is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bernard And Anne Spitzer Charitable Tr located?
Bernard And Anne Spitzer Charitable Tr is headquartered in New York, New York and files with the IRS under EIN 137298842. It is classified under NTEE code T22.
How many years of IRS 990 filings does Bernard And Anne Spitzer Charitable Tr have?
Bernard And Anne Spitzer Charitable Tr has 9 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 $10.6M in total revenue.
Is Bernard And Anne Spitzer Charitable Tr a good charity?
Based on the available data, the Bernard And Anne Spitzer Charitable Tr appears to be a well-managed private foundation with a strong commitment to its mission, evidenced by its substantial asset base, consistent grantmaking (expenses often exceeding revenue), and zero reported officer compensation. Its NTEE code T22 indicates it is a grantmaking foundation, meaning its primary 'program' is distributing funds to other nonprofits.
Why do expenses consistently exceed revenue?
As a private grantmaking foundation, it is common for expenses (primarily grants distributed) to exceed annual revenue, especially when drawing from a large endowment. This indicates active distribution of funds from its substantial asset base, rather than simply spending its annual income.
What are the significant liabilities reported in recent years?
The filings show liabilities of $207,440 in 2023 and $221,691 in 2022. While relatively small compared to total assets, further investigation into the nature of these liabilities (e.g., grants payable, investment liabilities) would provide a clearer picture of the foundation's financial obligations.
Filing History
IRS 990 filing history for Bernard And Anne Spitzer Charitable Tr showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Bernard And Anne Spitzer Charitable Tr's revenue has grown by 332.3%, moving from $6.9M to $29.9M. Total assets increased by 557.7% over the same period, from $61.4M to $403.9M. Total functional expenses rose by 1730.2%, from $3.2M to $58.5M. In its most recent filing year (2023), Bernard And Anne Spitzer Charitable Tr reported a deficit of $28.6M, with expenses exceeding revenue. The organization holds $207K in liabilities against $403.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $403.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.9M | $58.5M | $403.9M | $207K | — | View 990 |
| 2022 | $11.6M | $57.4M | $445.8M | $222K | — | View 990 |
| 2021 | $35.3M | $56.0M | $506.5M | $5.2M | — | View 990 |
| 2020 | $17.6M | $55.9M | $543.9M | $6.4M | — | View 990 |
| 2019 | $20.6M | $54.0M | $584.2M | $1.6M | — | — |
| 2014 | $8.8M | $11.8M | $53.3M | $11.1M | — | View 990 |
| 2013 | $4.1M | $7.2M | $55.8M | $10.8M | — | View 990 |
| 2012 | $4.7M | $7.0M | $59.6M | $11.4M | — | View 990 |
| 2011 | $6.9M | $3.2M | $61.4M | $10.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.9M, expenses of $58.5M, and assets of $403.9M (revenue +157.5% year-over-year).
- 2022: Revenue of $11.6M, expenses of $57.4M, and assets of $445.8M (revenue -67.1% year-over-year).
- 2021: Revenue of $35.3M, expenses of $56.0M, and assets of $506.5M (revenue +100.9% year-over-year).
- 2020: Revenue of $17.6M, expenses of $55.9M, and assets of $543.9M (revenue -14.6% year-over-year).
- 2019: Revenue of $20.6M, expenses of $54.0M, and assets of $584.2M (revenue +133.9% year-over-year).
- 2014: Revenue of $8.8M, expenses of $11.8M, and assets of $53.3M (revenue +116.2% year-over-year).
- 2013: Revenue of $4.1M, expenses of $7.2M, and assets of $55.8M (revenue -13.3% year-over-year).
- 2012: Revenue of $4.7M, expenses of $7.0M, and assets of $59.6M (revenue -32.2% year-over-year).
- 2011: Revenue of $6.9M, expenses of $3.2M, and assets of $61.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bernard And Anne Spitzer Charitable Tr:
Data Sources and Methodology
This transparency report for Bernard And Anne Spitzer Charitable Tr 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.