Edward H Harvitt Family Foundation
Edward H Harvitt Family Foundation: Consistent Growth, Minimal Overhead
EIN: 222755485 · Florham Park, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $268K |
| Total Expenses | $125K |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 75/100 |
Is Edward H Harvitt Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward H Harvitt Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward H Harvitt Family Foundation
Edward H Harvitt Family Foundation (EIN: 222755485) is a nonprofit organization based in Florham Park, NJ. The organization reported total revenue of $268K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward H Harvitt Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward H Harvitt Family Foundation is a small nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $125K |
| Surplus / Deficit | +$123K |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | 49.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 174.4 months |
Financial Health Grade: A
In 2023, Edward H Harvitt Family Foundation reported a surplus of $123K with revenue exceeding expenses, holds 174.4 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), Edward H Harvitt Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.3% | +17.5% | +7.3% |
| 2022 | -2.6% | +7.2% | +5.4% |
| 2021 | +0.0% | +8.6% | +6.6% |
| 2020 | +2.1% | -5.7% | +7.6% |
| 2019 | +20.3% | -14.8% | +35.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 H Harvitt Family Foundation with a Mission Score of 75 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Edward H Harvitt Family Foundation 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 surplus of $123K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No executive compensation is reported in the provided data, suggesting a volunteer-led or minimal-staff operation, which contributes to low 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.
Strengths
The following positive indicators were identified for Edward H Harvitt Family Foundation:
- Consistent asset growth over a decade, indicating financial stability and effective investment strategies.
- Very low administrative and fundraising expenses, maximizing the proportion of funds available for programs.
- Steady revenue generation, with $247,941 in 2023, supporting ongoing operations and program delivery.
- Long operational history with consistent financial reporting, suggesting reliability and established processes.
Frequently Asked Questions about Edward H Harvitt Family Foundation
Is Edward H Harvitt Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Edward H Harvitt Family Foundation (EIN: 222755485) appears legitimate. Mission Score: 75/100. 0 red flags identified, 4 strengths noted.
How does Edward H Harvitt Family Foundation spend its money?
Edward H Harvitt Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Edward H Harvitt Family Foundation tax-deductible?
Edward H Harvitt Family Foundation is registered as a tax-exempt nonprofit (EIN: 222755485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edward H Harvitt Family Foundation's spending goes to programs?
Edward H Harvitt Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Edward H Harvitt Family Foundation located?
Edward H Harvitt Family Foundation is headquartered in Florham Park, New Jersey and files with the IRS under EIN 222755485.
How many years of IRS 990 filings does Edward H Harvitt Family Foundation have?
Edward H Harvitt Family 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 $268K in total revenue.
What does Edward H Harvitt Family Foundation do?
Edward H Harvitt Family Foundation is a nonprofit organization in the Unknown sector, located in Florham Park, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Edward H Harvitt Family Foundation have?
Edward H Harvitt Family Foundation reported total revenue of $268,156. Based on 10 IRS 990 filings on record.
What are Edward H Harvitt Family Foundation's total assets?
Edward H Harvitt Family Foundation holds total assets of $1,997,390 as reported in IRS 990 filings.
Where is Edward H Harvitt Family Foundation located?
Edward H Harvitt Family Foundation is based in Florham Park, New Jersey.
What is Edward H Harvitt Family Foundation's EIN?
Edward H Harvitt Family Foundation's Employer Identification Number (EIN) is 222755485. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Edward H Harvitt Family Foundation?
Edward H Harvitt Family Foundation is classified under NTEE code Unknown (Unknown).
Is Edward H Harvitt Family Foundation a registered 501(c)(3)?
Edward H Harvitt Family Foundation appears in IRS records (EIN: 222755485). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Edward H Harvitt Family Foundation file IRS Form 990?
Yes, Edward H Harvitt Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Edward H Harvitt Family Foundation's revenue in 2023?
In the 202312 filing period, Edward H Harvitt Family Foundation reported total revenue of $247,941, total expenses of $125,024, and net assets of $1,817,140.
Is Edward H Harvitt Family Foundation's revenue growing or declining?
Edward H Harvitt Family Foundation's revenue is growing. Revenue went from $193,288 (202212) to $247,941 (202312), a +28.3% change. Based on 10 filings on record.
What is Edward H Harvitt Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Edward H Harvitt Family Foundation covers tax period 202312. It shows revenue of $247,941, expenses of $125,024, total assets of $1,817,140, and liabilities of $1.
How much does Edward H Harvitt Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, Edward H Harvitt Family Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Edward H Harvitt Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Edward H Harvitt Family Foundation appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Edward H Harvitt Family Foundation's strengths?
Positive indicators for Edward H Harvitt Family Foundation include: Consistent asset growth over a decade, indicating financial stability and effective investment strategies.. Very low administrative and fundraising expenses, maximizing the proportion of funds available for programs.. Steady revenue generation, with $247,941 in 2023, supporting ongoing operations and program delivery.. Long operational history with consistent financial reporting, suggesting reliability and established processes.. These findings are derived from AI analysis of the organization's financial filings.
How does Edward H Harvitt Family Foundation compensate executives?
No executive compensation is reported in the provided data, suggesting a volunteer-led or minimal-staff operation, which contributes to low administrative costs. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% fundraising costs and lack of reported executive compensation, what is the primary mechanism for the foundation's revenue generation and operational management?
The data suggests the foundation likely relies on a small, dedicated group of founders or family members for both funding and operational oversight, potentially through direct contributions or endowment returns, rather than public fundraising or paid executive staff.
How does the foundation maintain such low administrative expenses while experiencing consistent asset growth?
The low administrative expenses, such as $125,024 in 2023, are likely maintained through a lean operational model, potentially leveraging volunteer efforts, in-kind support, or outsourcing minimal administrative functions, allowing a greater portion of assets to be invested and grow.
Filing History
IRS 990 filing history for Edward H Harvitt Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward H Harvitt Family Foundation's revenue has grown by 1.3%, moving from $245K to $248K. Total assets increased by 140.9% over the same period, from $754K to $1.8M. Total functional expenses rose by 84.2%, from $68K to $125K. In its most recent filing year (2023), Edward H Harvitt Family Foundation reported a surplus of $123K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $125K | $1.8M | $1 | — | View 990 |
| 2022 | $193K | $106K | $1.7M | $1 | — | View 990 |
| 2021 | $198K | $99K | $1.6M | $1 | — | View 990 |
| 2020 | $198K | $91K | $1.5M | $1 | — | View 990 |
| 2019 | $194K | $97K | $1.4M | $1 | — | — |
| 2015 | $161K | $114K | $1.0M | $1 | — | View 990 |
| 2014 | $159K | $57K | $987K | $1 | — | View 990 |
| 2013 | $108K | $99K | $885K | $1 | — | View 990 |
| 2012 | $206K | $84K | $877K | $1 | — | View 990 |
| 2011 | $245K | $68K | $754K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $125K, and assets of $1.8M (revenue +28.3% year-over-year).
- 2022: Revenue of $193K, expenses of $106K, and assets of $1.7M (revenue -2.6% year-over-year).
- 2021: Revenue of $198K, expenses of $99K, and assets of $1.6M (revenue +0.0% year-over-year).
- 2020: Revenue of $198K, expenses of $91K, and assets of $1.5M (revenue +2.1% year-over-year).
- 2019: Revenue of $194K, expenses of $97K, and assets of $1.4M (revenue +20.3% year-over-year).
- 2015: Revenue of $161K, expenses of $114K, and assets of $1.0M (revenue +1.6% year-over-year).
- 2014: Revenue of $159K, expenses of $57K, and assets of $987K (revenue +47.7% year-over-year).
- 2013: Revenue of $108K, expenses of $99K, and assets of $885K (revenue -47.7% year-over-year).
- 2012: Revenue of $206K, expenses of $84K, and assets of $877K (revenue -15.9% year-over-year).
- 2011: Revenue of $245K, expenses of $68K, and assets of $754K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward H Harvitt Family Foundation:
Data Sources and Methodology
This transparency report for Edward H Harvitt Family 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.