Episcopal Church Foundation
Episcopal Church Foundation shows significant asset growth and strong financial surplus, with no reported officer compensation.
EIN: 131776448 · New York, NY · NTEE: X110 · Updated: 2026-03-28
Is Episcopal Church Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Episcopal Church Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Episcopal Church Foundation
Episcopal Church Foundation (EIN: 131776448) is a nonprofit organization based in New York, NY, classified under NTEE code X110. The organization reported total revenue of $16.1M and total assets of $874.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Episcopal Church Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Episcopal Church Foundation is a large nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.0M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$11.7M |
| Total Assets | $709.2M |
| Total Liabilities | $654.0M |
| Net Assets | $55.2M |
| Operating Margin | 73.3% |
| Debt-to-Asset Ratio | 92.2% |
| Months of Reserves | 1999.5 months |
Financial Health Grade: A
In 2023, Episcopal Church Foundation reported a surplus of $11.7M with revenue exceeding expenses, holds 1999.5 months of operating reserves (strong position), has a debt-to-asset ratio of 92.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Episcopal Church Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +212.2% | -8.0% | +26.5% |
| 2022 | -22.8% | +10.0% | -13.7% |
| 2021 | +29.7% | -3.1% | +6.1% |
| 2020 | +13.7% | -3.6% | +7.9% |
| 2019 | -7.8% | +1.9% | +43.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 Episcopal Church Foundation with a Mission Score of 88 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Episcopal Church Foundation 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 surplus of $11.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filing periods, which is highly unusual for an organization of its size with assets exceeding $874 million. This suggests that executive compensation may be structured differently, such as through a related entity, or that key leadership roles are filled by volunteers, which would require further clarification to fully understand the compensation practices.
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 Episcopal Church Foundation's IRS 990 filings:
- Unclear executive compensation structure (0% reported officer comp for large organization)
Strengths
The following positive indicators were identified for Episcopal Church Foundation:
- Exceptional asset growth (from $228M in 2014 to $874M currently)
- Strong financial surplus (e.g., $11.7M net revenue in 2023)
- Consistent history of IRS 990 filings (13 filings)
- Low expense ratio relative to revenue (e.g., 26.7% in 2023)
- Significant and growing asset base provides long-term stability
Frequently Asked Questions about Episcopal Church Foundation
Is Episcopal Church Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Episcopal Church Foundation (EIN: 131776448) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Episcopal Church Foundation spend its money?
Episcopal Church Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Episcopal Church Foundation tax-deductible?
Episcopal Church Foundation is registered as a tax-exempt nonprofit (EIN: 131776448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Episcopal Church Foundation manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this scale. This could indicate that executive leadership is compensated through a related entity, receives no compensation, or that the compensation is reported under a different category not captured by 'Officer Comp' in this summary. Further investigation into their full 990 forms would be needed to understand this structure.
What is the primary source of the Episcopal Church Foundation's significant revenue and asset growth?
While the specific sources are not detailed in the provided summary, the substantial and consistent growth in assets from $228 million in 2014 to over $874 million currently, alongside significant revenue figures like $16 million in the latest period, suggests strong investment returns, successful fundraising, or a combination of both. Given the NTEE code X110 (Religious Organizations), endowment management and contributions are likely key drivers.
Is the Episcopal Church Foundation financially stable for long-term operations?
Yes, the Episcopal Church Foundation appears to be very financially stable. Its assets have grown substantially over the past decade, and its revenue consistently exceeds expenses, as seen in the 2023 period where revenue was $15.9 million against expenses of $4.2 million. This strong financial position indicates excellent capacity for long-term operations and mission fulfillment.
Filing History
IRS 990 filing history for Episcopal Church Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Episcopal Church Foundation's revenue has grown by 339.2%, moving from $3.6M to $16.0M. Total assets increased by 309.6% over the same period, from $173.1M to $709.2M. Total functional expenses rose by 24.2%, from $3.4M to $4.3M. In its most recent filing year (2023), Episcopal Church Foundation reported a surplus of $11.7M, with revenue exceeding expenses. The organization holds $654.0M in liabilities against $709.2M in assets (debt-to-asset ratio: 92.2%), resulting in net assets of $55.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.0M | $4.3M | $709.2M | $654.0M | — | — |
| 2022 | $5.1M | $4.6M | $560.7M | $511.2M | — | — |
| 2021 | $6.6M | $4.2M | $650.1M | $588.7M | — | View 990 |
| 2020 | $5.1M | $4.3M | $612.7M | $556.9M | — | — |
| 2019 | $4.5M | $4.5M | $567.8M | $516.3M | — | View 990 |
| 2018 | $4.9M | $4.4M | $396.4M | $351.6M | — | View 990 |
| 2017 | $6.2M | $4.3M | $408.7M | $359.4M | — | View 990 |
| 2016 | $3.9M | $4.2M | $327.0M | $284.0M | — | View 990 |
| 2015 | $3.5M | $3.8M | $261.4M | $219.9M | — | View 990 |
| 2014 | $3.2M | $3.7M | $228.9M | $185.1M | — | View 990 |
| 2013 | $4.1M | $3.6M | $212.2M | $167.4M | — | View 990 |
| 2012 | $3.3M | $3.6M | $187.2M | $147.6M | — | View 990 |
| 2011 | $3.6M | $3.4M | $173.1M | $136.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.0M, expenses of $4.3M, and assets of $709.2M (revenue +212.2% year-over-year).
- 2022: Revenue of $5.1M, expenses of $4.6M, and assets of $560.7M (revenue -22.8% year-over-year).
- 2021: Revenue of $6.6M, expenses of $4.2M, and assets of $650.1M (revenue +29.7% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.3M, and assets of $612.7M (revenue +13.7% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.5M, and assets of $567.8M (revenue -7.8% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.4M, and assets of $396.4M (revenue -21.5% year-over-year).
- 2017: Revenue of $6.2M, expenses of $4.3M, and assets of $408.7M (revenue +59.3% year-over-year).
- 2016: Revenue of $3.9M, expenses of $4.2M, and assets of $327.0M (revenue +11.1% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.8M, and assets of $261.4M (revenue +11.2% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.7M, and assets of $228.9M (revenue -22.2% year-over-year).
- 2013: Revenue of $4.1M, expenses of $3.6M, and assets of $212.2M (revenue +22.1% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.6M, and assets of $187.2M (revenue -8.6% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.4M, and assets of $173.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Episcopal Church Foundation:
Data Sources and Methodology
This transparency report for Episcopal Church 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.