Emily Harvey Foundation
Emily Harvey Foundation shows strong recent revenue growth and consistent zero officer compensation.
EIN: 201136424 · Old Saybrook, CT · NTEE: T20 · Updated: 2026-03-28
Is Emily Harvey Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Emily Harvey Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Emily Harvey Foundation
Emily Harvey Foundation (EIN: 201136424) is a nonprofit organization based in Old Saybrook, CT, classified under NTEE code T20. The organization reported total revenue of $879K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emily Harvey Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Emily Harvey Foundation with a Mission Score of 95 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, Emily Harvey Foundation 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a nonprofit of its size with assets over $1.8 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 Emily Harvey Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Significant revenue growth in recent years, with 2023 revenue at $857,006.
- Substantial surplus in 2023 ($857,006 revenue vs. $332,702 expenses), demonstrating strong financial management.
- Growing asset base, rebounding to $1,803,448 in 2023 after a dip.
Frequently Asked Questions about Emily Harvey Foundation
Is Emily Harvey Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Emily Harvey Foundation (EIN: 201136424) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Emily Harvey Foundation spend its money?
Emily Harvey Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Emily Harvey Foundation tax-deductible?
Emily Harvey Foundation is registered as a tax-exempt nonprofit (EIN: 201136424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Emily Harvey Foundation financially stable?
The foundation's financial stability has improved significantly, with a substantial surplus in 2023 ($857,006 revenue vs. $332,702 expenses) and growing assets, reaching $1,803,448 in 2023. While there were periods of deficit spending in prior years, the recent trend is positive.
How does the Emily Harvey Foundation manage its administrative costs?
Given the consistent 0% officer compensation and the overall expense levels relative to revenue, the foundation appears to manage its administrative costs very efficiently, directing resources primarily to its programs.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated, decreasing from a high of $2,685,125 in 2011 to a low of $1,016,693 in 2021, but have since rebounded to $1,803,448 in 2023, indicating a recent positive growth trend.
Filing History
IRS 990 filing history for Emily Harvey Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Emily Harvey Foundation's revenue has grown by 181.7%, moving from $304K to $857K. Total assets decreased by 32.8% over the same period, from $2.7M to $1.8M. Total functional expenses fell by 37.6%, from $534K to $333K. In its most recent filing year (2023), Emily Harvey Foundation reported a surplus of $524K, with revenue exceeding expenses. The organization holds $175K in liabilities against $1.8M in assets (debt-to-asset ratio: 9.7%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $857K | $333K | $1.8M | $175K | — | — |
| 2022 | $429K | $364K | $1.3M | $162K | — | View 990 |
| 2021 | $156K | $265K | $1.0M | $5K | — | View 990 |
| 2020 | $190K | $324K | $1.1M | $5K | — | View 990 |
| 2019 | $270K | $454K | $1.3M | $7K | — | — |
| 2015 | $254K | $388K | $1.8M | $28K | — | View 990 |
| 2014 | $173K | $448K | $1.9M | $17K | — | View 990 |
| 2013 | $279K | $419K | $2.2M | $16K | — | View 990 |
| 2012 | $139K | $450K | $2.4M | $784K | — | View 990 |
| 2011 | $304K | $534K | $2.7M | $788K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $857K, expenses of $333K, and assets of $1.8M (revenue +99.7% year-over-year).
- 2022: Revenue of $429K, expenses of $364K, and assets of $1.3M (revenue +176.0% year-over-year).
- 2021: Revenue of $156K, expenses of $265K, and assets of $1.0M (revenue -18.3% year-over-year).
- 2020: Revenue of $190K, expenses of $324K, and assets of $1.1M (revenue -29.6% year-over-year).
- 2019: Revenue of $270K, expenses of $454K, and assets of $1.3M (revenue +6.5% year-over-year).
- 2015: Revenue of $254K, expenses of $388K, and assets of $1.8M (revenue +46.6% year-over-year).
- 2014: Revenue of $173K, expenses of $448K, and assets of $1.9M (revenue -38.0% year-over-year).
- 2013: Revenue of $279K, expenses of $419K, and assets of $2.2M (revenue +100.5% year-over-year).
- 2012: Revenue of $139K, expenses of $450K, and assets of $2.4M (revenue -54.2% year-over-year).
- 2011: Revenue of $304K, expenses of $534K, and assets of $2.7M.
Data Sources and Methodology
This transparency report for Emily Harvey 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.