Epstein Philanthropies
Epstein Philanthropies consistently spends more than its revenue, drawing down assets, with no reported officer compensation.
EIN: 132902852 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $3.4M |
| Program Spending | 85% |
| Net Assets | $19.4M |
| Transparency Score | 70/100 |
Is Epstein Philanthropies Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Epstein Philanthropies directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Epstein Philanthropies
Epstein Philanthropies (EIN: 132902852) is a nonprofit organization based in New York, NY. The organization reported total revenue of $7.7M and total assets of $18.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Epstein Philanthropies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Epstein Philanthropies is a mid-size nonprofit that has been operating for 49 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-1,041,934 |
| Total Assets | $19.4M |
| Total Liabilities | $1 |
| Net Assets | $19.4M |
| Operating Margin | -43.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 68.0 months |
Financial Health Grade: B
In 2023, Epstein Philanthropies reported a deficit of $1.0M with expenses exceeding revenue, holds 68.0 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), Epstein Philanthropies's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +235.6% | +17.2% | -5.1% |
| 2022 | -79.4% | -13.2% | -9.8% |
| 2021 | -25.9% | +5.0% | +0.4% |
| 2020 | +292.9% | +2.0% | +6.9% |
| 2019 | -74.7% | +24.4% | -25.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Epstein Philanthropies 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Epstein Philanthropies allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Epstein Philanthropies consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its top executives, which is highly unusual and suggests a volunteer-led or very lean executive structure.
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 Epstein Philanthropies's IRS 990 filings:
- Consistent deficit spending: Expenses frequently exceed revenue (e.g., $3.4M expenses vs. $2.3M revenue in 2023), leading to asset depletion.
- Significant decline in assets: Assets have decreased by over $8M since 2015 ($28.1M to $19.4M), indicating a draw on reserves.
- Lack of detailed expense breakdown: The absence of program, administrative, and fundraising expense ratios prevents a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Epstein Philanthropies:
- Zero officer compensation: Consistently reports 0% officer compensation, indicating a highly lean or volunteer-led executive structure.
- Low liabilities: Consistently reports minimal liabilities ($0 or $1 in most recent years), suggesting sound debt management.
- Substantial asset base: Despite declines, the organization still maintains a significant asset base of $19.4M, providing a buffer for operations.
Frequently Asked Questions about Epstein Philanthropies
Is Epstein Philanthropies a legitimate charity?
Epstein Philanthropies (EIN: 132902852) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Epstein Philanthropies spend its money?
Epstein Philanthropies directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Epstein Philanthropies tax-deductible?
Epstein Philanthropies is registered as a tax-exempt nonprofit (EIN: 132902852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Epstein Philanthropies's spending goes to programs?
Epstein Philanthropies directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Epstein Philanthropies located?
Epstein Philanthropies is headquartered in New York, New York and files with the IRS under EIN 132902852.
How many years of IRS 990 filings does Epstein Philanthropies have?
Epstein Philanthropies 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 $7.7M in total revenue.
Is Epstein Philanthropies financially sustainable given its recent deficit spending?
The organization has consistently spent more than its revenue in recent years (e.g., $3.4M expenses vs. $2.3M revenue in 2023), leading to a decline in assets from $28.1M in 2015 to $19.4M in 2023. This trend is not sustainable long-term without a change in revenue generation or spending patterns.
What is the reason for 0% officer compensation?
The filings consistently show 0% officer compensation, which is highly unusual for an organization of its asset size. This could indicate a volunteer-led executive team or that compensation is structured in a way not reported as 'officer compensation' on the 990, though the latter is less likely for a consistent 0%.
How are the organization's expenses allocated between programs, administration, and fundraising?
The provided data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency directly. However, the absence of officer compensation suggests a low administrative burden at the executive level.
Why have assets declined significantly since 2015?
Assets have decreased from $28.1M in 2015 to $19.4M in 2023. This decline is primarily attributable to the organization's consistent pattern of spending more than its annual revenue in multiple periods, effectively drawing down its endowment or accumulated funds.
Filing History
IRS 990 filing history for Epstein Philanthropies showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Epstein Philanthropies's revenue has grown by 98.4%, moving from $1.2M to $2.4M. Total assets decreased by 14.5% over the same period, from $22.7M to $19.4M. Total functional expenses rose by 96%, from $1.7M to $3.4M. In its most recent filing year (2023), Epstein Philanthropies reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $3.4M | $19.4M | $1 | — | View 990 |
| 2022 | $710K | $2.9M | $20.5M | $1 | — | View 990 |
| 2021 | $3.4M | $3.4M | $22.7M | $1 | — | View 990 |
| 2020 | $4.7M | $3.2M | $22.6M | $1 | — | View 990 |
| 2019 | $1.2M | $3.1M | $21.1M | $0 | — | View 990 |
| 2015 | $4.7M | $2.5M | $28.2M | $1.4M | — | View 990 |
| 2014 | $2.1M | $2.4M | $24.7M | $0 | — | View 990 |
| 2013 | $4.4M | $2.2M | $25.0M | $0 | — | View 990 |
| 2012 | $1.9M | $1.8M | $22.7M | $0 | — | View 990 |
| 2011 | $1.2M | $1.7M | $22.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $3.4M, and assets of $19.4M (revenue +235.6% year-over-year).
- 2022: Revenue of $710K, expenses of $2.9M, and assets of $20.5M (revenue -79.4% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.4M, and assets of $22.7M (revenue -25.9% year-over-year).
- 2020: Revenue of $4.7M, expenses of $3.2M, and assets of $22.6M (revenue +292.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $3.1M, and assets of $21.1M (revenue -74.7% year-over-year).
- 2015: Revenue of $4.7M, expenses of $2.5M, and assets of $28.2M (revenue +127.6% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.4M, and assets of $24.7M (revenue -53.5% year-over-year).
- 2013: Revenue of $4.4M, expenses of $2.2M, and assets of $25.0M (revenue +137.6% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $22.7M (revenue +55.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.7M, and assets of $22.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Epstein Philanthropies:
Data Sources and Methodology
This transparency report for Epstein Philanthropies 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.