David Herzog Foundation
David Herzog Foundation maintains strong asset growth with zero reported officer compensation over a decade.
EIN: 113281610 · Miami Beach, FL · NTEE: T22Z · Updated: 2026-03-28
Is David Herzog Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
David Herzog Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About David Herzog Foundation
David Herzog Foundation (EIN: 113281610) is a nonprofit organization based in Miami Beach, FL, classified under NTEE code T22Z. The organization reported total revenue of $815K and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David Herzog Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David Herzog Foundation is a small nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $445K |
| Total Expenses | $599K |
| Surplus / Deficit | $-153,828 |
| Total Assets | $6.9M |
| Total Liabilities | $1 |
| Net Assets | $6.9M |
| Operating Margin | -34.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 137.9 months |
Financial Health Grade: B
In 2023, David Herzog Foundation reported a deficit of $154K with expenses exceeding revenue, holds 137.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), David Herzog Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -105.6% | -4.6% | -9.9% |
| 2021 | +22.5% | +40.6% | +20.0% |
| 2020 | +37.3% | +2.2% | +21.1% |
| 2019 | -5.1% | +3.6% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 David Herzog Foundation with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, David Herzog Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $154K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly efficient for an organization of its size with assets exceeding $7 million.
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.
Strengths
The following positive indicators were identified for David Herzog Foundation:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistent and significant asset growth over a decade, from $2.7M to over $7.2M.
- Very low liabilities reported across all periods, demonstrating strong financial health.
- Consistent filing of IRS Form 990s, indicating good transparency.
- Sustained operational expenses despite revenue fluctuations, suggesting a stable funding model.
Frequently Asked Questions about David Herzog Foundation
Is David Herzog Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, David Herzog Foundation (EIN: 113281610) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does David Herzog Foundation spend its money?
David Herzog Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to David Herzog Foundation tax-deductible?
David Herzog Foundation is registered as a tax-exempt nonprofit (EIN: 113281610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the David Herzog Foundation a good charity?
Based on the provided data, the David Herzog Foundation appears to be a very good charity. It has consistently grown its assets, maintained low liabilities, and most notably, reported 0% officer compensation across all filings, suggesting that nearly all funds are directed towards its charitable mission.
How does the foundation manage its finances given fluctuating revenue?
Despite revenue fluctuations, including a negative revenue period in 2022, the foundation has consistently increased its assets from $2.7 million in 2011 to over $7.2 million currently. This indicates strong investment management and a robust endowment that can sustain operations even during periods of lower incoming contributions.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $2,775,516 in 2011 to $7,286,068 currently. This consistent growth demonstrates effective financial stewardship and investment strategies.
Filing History
IRS 990 filing history for David Herzog Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), David Herzog Foundation's revenue has declined by 28.1%, moving from $619K to $445K. Total assets increased by 148.1% over the same period, from $2.8M to $6.9M. Total functional expenses rose by 556.7%, from $91K to $599K. In its most recent filing year (2023), David Herzog Foundation reported a deficit of $154K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $445K | $599K | $6.9M | $1 | — | — |
| 2022 | $-112,240 | $665K | $7.0M | $1 | — | View 990 |
| 2021 | $2.0M | $697K | $7.8M | $1 | — | View 990 |
| 2020 | $1.6M | $495K | $6.5M | $1 | — | View 990 |
| 2019 | $1.2M | $485K | $5.4M | $1 | — | View 990 |
| 2015 | $1.3M | $468K | $4.2M | $1 | — | View 990 |
| 2014 | $750K | $525K | $3.4M | $0 | — | View 990 |
| 2013 | $932K | $506K | $3.2M | $0 | — | View 990 |
| 2012 | $689K | $543K | $2.9M | $0 | — | View 990 |
| 2011 | $619K | $91K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $445K, expenses of $599K, and assets of $6.9M.
- 2022: Revenue of $-112,240, expenses of $665K, and assets of $7.0M (revenue -105.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $697K, and assets of $7.8M (revenue +22.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $495K, and assets of $6.5M (revenue +37.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $485K, and assets of $5.4M (revenue -5.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $468K, and assets of $4.2M (revenue +67.0% year-over-year).
- 2014: Revenue of $750K, expenses of $525K, and assets of $3.4M (revenue -19.5% year-over-year).
- 2013: Revenue of $932K, expenses of $506K, and assets of $3.2M (revenue +35.2% year-over-year).
- 2012: Revenue of $689K, expenses of $543K, and assets of $2.9M (revenue +11.3% year-over-year).
- 2011: Revenue of $619K, expenses of $91K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David Herzog Foundation:
Data Sources and Methodology
This transparency report for David Herzog 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.