Charina Endowment Fund Inc
Charina Endowment Fund Inc. consistently spends more than its annual revenue, relying on its substantial $370M endowment.
EIN: 133675545 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96.1M |
| Total Expenses | $15.4M |
| Program Spending | 90% |
| Net Assets | $349.9M |
| Transparency Score | 85/100 |
Is Charina Endowment Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charina Endowment Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charina Endowment Fund Inc
Charina Endowment Fund Inc (EIN: 133675545) is a nonprofit organization based in New York, NY. The organization reported total revenue of $96.1M and total assets of $370.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charina Endowment Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charina Endowment Fund Inc is a major nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $15.4M |
| Surplus / Deficit | $-2,692,335 |
| Total Assets | $366.2M |
| Total Liabilities | $16.3M |
| Net Assets | $349.9M |
| Operating Margin | -21.2% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 285.0 months |
Financial Health Grade: B
In 2023, Charina Endowment Fund Inc reported a deficit of $2.7M with expenses exceeding revenue, holds 285.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Charina Endowment Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +91.4% | -23.4% | +1.0% |
| 2022 | -71.1% | -8.9% | -12.0% |
| 2021 | +112.8% | +7.9% | +13.4% |
| 2020 | +7.7% | +96.9% | +5.8% |
| 2019 | -67.0% | -24.5% | +8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Charina Endowment Fund 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, Charina Endowment Fund 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 $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is not reported under this category, which is a positive sign for minimizing administrative overhead related to executive pay.
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 Charina Endowment Fund Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue, indicating reliance on endowment drawdowns rather than sustainable operating income.
- NTEE Code is unknown, which limits understanding of its specific programmatic focus and impact.
Strengths
The following positive indicators were identified for Charina Endowment Fund Inc:
- Substantial and stable asset base ($370,474,581 latest assets) provides long-term financial security.
- Zero reported officer compensation across all filings, suggesting efficient use of funds regarding executive pay.
- Consistent filing history (10 filings) demonstrates good compliance and transparency in reporting.
Frequently Asked Questions about Charina Endowment Fund Inc
Is Charina Endowment Fund Inc a legitimate charity?
Charina Endowment Fund Inc (EIN: 133675545) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $96.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Charina Endowment Fund Inc spend its money?
Charina Endowment Fund Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Charina Endowment Fund Inc tax-deductible?
Charina Endowment Fund Inc is registered as a tax-exempt nonprofit (EIN: 133675545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charina Endowment Fund Inc located?
Charina Endowment Fund Inc is headquartered in New York, New York and files with the IRS under EIN 133675545.
How many years of IRS 990 filings does Charina Endowment Fund Inc have?
Charina Endowment Fund Inc 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 $96.1M in total revenue.
How does Charina Endowment Fund Inc. sustain its operations given its frequent revenue deficits?
The organization sustains its operations by drawing from its substantial endowment, which stood at $370,474,581 in the latest filing. This allows it to cover expenses that often exceed annual revenue, as seen in 2023 and 2022.
What is the primary purpose of the Charina Endowment Fund Inc. given its financial structure?
Based on the financial data, the Charina Endowment Fund Inc. appears to function as a grant-making or investment vehicle, utilizing its large asset base to fund its activities, rather than relying on annual fundraising for operational expenses.
Is the lack of officer compensation a common practice for organizations of this size?
While not universal, it is not uncommon for private foundations or endowment funds to have volunteer boards or to report compensation differently, especially if the organization's primary function is asset management and grant distribution rather than extensive direct program delivery.
Filing History
IRS 990 filing history for Charina Endowment Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Charina Endowment Fund Inc's revenue has declined by 19.9%, moving from $15.9M to $12.7M. Total assets increased by 59.4% over the same period, from $229.8M to $366.2M. Total functional expenses rose by 46.3%, from $10.5M to $15.4M. In its most recent filing year (2023), Charina Endowment Fund Inc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $16.3M in liabilities against $366.2M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $349.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $15.4M | $366.2M | $16.3M | — | — |
| 2022 | $6.6M | $20.1M | $362.6M | $20.0M | — | — |
| 2021 | $23.0M | $22.1M | $412.3M | $17.8M | — | View 990 |
| 2020 | $10.8M | $20.5M | $363.5M | $12.7M | — | — |
| 2019 | $10.0M | $10.4M | $343.7M | $9.6M | — | — |
| 2015 | $30.3M | $13.8M | $316.1M | $23.8M | — | View 990 |
| 2014 | $19.4M | $7.2M | $316.1M | $25.5M | — | View 990 |
| 2013 | $21.7M | $28.3M | $292.7M | $32.0M | — | View 990 |
| 2012 | $10.7M | $14.3M | $245.4M | $14.3M | — | View 990 |
| 2011 | $15.9M | $10.5M | $229.8M | $11.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $15.4M, and assets of $366.2M (revenue +91.4% year-over-year).
- 2022: Revenue of $6.6M, expenses of $20.1M, and assets of $362.6M (revenue -71.1% year-over-year).
- 2021: Revenue of $23.0M, expenses of $22.1M, and assets of $412.3M (revenue +112.8% year-over-year).
- 2020: Revenue of $10.8M, expenses of $20.5M, and assets of $363.5M (revenue +7.7% year-over-year).
- 2019: Revenue of $10.0M, expenses of $10.4M, and assets of $343.7M (revenue -67.0% year-over-year).
- 2015: Revenue of $30.3M, expenses of $13.8M, and assets of $316.1M (revenue +56.4% year-over-year).
- 2014: Revenue of $19.4M, expenses of $7.2M, and assets of $316.1M (revenue -10.5% year-over-year).
- 2013: Revenue of $21.7M, expenses of $28.3M, and assets of $292.7M (revenue +102.9% year-over-year).
- 2012: Revenue of $10.7M, expenses of $14.3M, and assets of $245.4M (revenue -32.7% year-over-year).
- 2011: Revenue of $15.9M, expenses of $10.5M, and assets of $229.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charina Endowment Fund Inc:
Data Sources and Methodology
This transparency report for Charina Endowment Fund 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.