Edward Albee Foundation Inc
Edward Albee Foundation shows highly volatile revenue and significant operational deficit in latest filing, despite substantial assets.
EIN: 136168827 · New York, NY · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.8M |
| Total Expenses | $737K |
| Program Spending | 80% |
| Net Assets | $27.7M |
| Transparency Score | 70/100 |
Is Edward Albee Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward Albee Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward Albee Foundation Inc
Edward Albee Foundation Inc (EIN: 136168827) is a nonprofit organization based in New York, NY, classified under NTEE code A20. The organization reported total revenue of $19.8M and total assets of $37.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward Albee Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward Albee Foundation Inc is a large nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $737K |
| Surplus / Deficit | $-671,150 |
| Total Assets | $27.7M |
| Total Liabilities | $18K |
| Net Assets | $27.7M |
| Operating Margin | -1020.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 451.2 months |
Financial Health Grade: B
In 2023, Edward Albee Foundation Inc reported a deficit of $671K with expenses exceeding revenue, holds 451.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Edward Albee Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.2% | +215.7% | -2.3% |
| 2022 | +15.8% | -51.3% | +1.0% |
| 2021 | +30.0% | -16.1% | -0.1% |
| 2020 | -95.6% | +17.3% | -0.8% |
| 2019 | +174068.5% | +81.0% | +180.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Edward Albee Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Edward Albee Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $671K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for minimizing administrative costs.
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 Edward Albee Foundation Inc's IRS 990 filings:
- Highly inconsistent revenue streams, making financial planning challenging.
- Significant operational deficit in the latest filing period (202312: Revenue $65,784 vs. Expenses $736,934).
- Sudden and unexplained increase in liabilities in the latest filing ($17,720 in 202312 compared to $1 previously).
Strengths
The following positive indicators were identified for Edward Albee Foundation Inc:
- Substantial asset base ($37,133,386 latest) provides financial stability and long-term potential.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- History of receiving large, impactful donations (e.g., $7.7M in 2019, $8.1M in 2013).
Frequently Asked Questions about Edward Albee Foundation Inc
Is Edward Albee Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward Albee Foundation Inc (EIN: 136168827) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Edward Albee Foundation Inc spend its money?
Edward Albee Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edward Albee Foundation Inc tax-deductible?
Edward Albee Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136168827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edward Albee Foundation Inc's spending goes to programs?
Edward Albee Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Edward Albee Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Edward Albee Foundation Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edward Albee Foundation Inc located?
Edward Albee Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136168827. It is classified under NTEE code A20.
How many years of IRS 990 filings does Edward Albee Foundation Inc have?
Edward Albee Foundation 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 $19.8M in total revenue.
Why did the Edward Albee Foundation Inc.'s revenue drop from $7,760,948 in 2019 to $65,784 in 2023?
The provided data shows a significant decrease in revenue, suggesting a reliance on large, infrequent donations or grants that did not recur in the latest period. This could be due to the nature of its funding model, possibly tied to specific projects or endowments.
What caused the substantial increase in liabilities to $17,720 in 2023, compared to $1 in previous years?
The sudden increase in liabilities in the 202312 period from negligible amounts in prior years warrants investigation. It could represent new debt, deferred revenue, or other obligations that impact the organization's financial position.
How does the organization cover its expenses when revenue is significantly lower, such as in 2023 where expenses were $736,934 and revenue was $65,784?
When expenses exceed revenue, the organization likely draws upon its substantial asset base ($27,711,703 in 202312) or relies on accumulated surpluses from previous periods of higher revenue. This is not sustainable long-term without new significant funding.
Filing History
IRS 990 filing history for Edward Albee Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward Albee Foundation Inc's revenue has declined by 87.1%, moving from $509K to $66K. Total assets increased by 947.3% over the same period, from $2.6M to $27.7M. Total functional expenses rose by 559%, from $112K to $737K. In its most recent filing year (2023), Edward Albee Foundation Inc reported a deficit of $671K, with expenses exceeding revenue. The organization holds $18K in liabilities against $27.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $27.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $737K | $27.7M | $18K | — | — |
| 2022 | $513K | $233K | $28.4M | $10K | — | View 990 |
| 2021 | $443K | $479K | $28.1M | $5K | — | View 990 |
| 2020 | $341K | $571K | $28.1M | $1 | — | View 990 |
| 2019 | $7.8M | $487K | $28.4M | $1 | — | — |
| 2015 | $4K | $269K | $10.1M | $1 | — | View 990 |
| 2014 | $5K | $163K | $10.4M | $1 | — | View 990 |
| 2013 | $8.2M | $174K | $10.5M | $1 | — | View 990 |
| 2012 | $8K | $122K | $2.5M | $1 | — | View 990 |
| 2011 | $509K | $112K | $2.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $737K, and assets of $27.7M (revenue -87.2% year-over-year).
- 2022: Revenue of $513K, expenses of $233K, and assets of $28.4M (revenue +15.8% year-over-year).
- 2021: Revenue of $443K, expenses of $479K, and assets of $28.1M (revenue +30.0% year-over-year).
- 2020: Revenue of $341K, expenses of $571K, and assets of $28.1M (revenue -95.6% year-over-year).
- 2019: Revenue of $7.8M, expenses of $487K, and assets of $28.4M (revenue +174068.5% year-over-year).
- 2015: Revenue of $4K, expenses of $269K, and assets of $10.1M (revenue -14.0% year-over-year).
- 2014: Revenue of $5K, expenses of $163K, and assets of $10.4M (revenue -99.9% year-over-year).
- 2013: Revenue of $8.2M, expenses of $174K, and assets of $10.5M (revenue +103194.1% year-over-year).
- 2012: Revenue of $8K, expenses of $122K, and assets of $2.5M (revenue -98.4% year-over-year).
- 2011: Revenue of $509K, expenses of $112K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward Albee Foundation Inc:
Data Sources and Methodology
This transparency report for Edward Albee 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.