Eric And Tamar Goldstein Foundation
Eric And Tamar Goldstein Foundation consistently accumulates assets with low reported expenses and no officer compensation.
EIN: 161647207 · New York, NY · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $780K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $12.5M |
| Transparency Score | 85/100 |
Is Eric And Tamar Goldstein Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eric And Tamar Goldstein Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eric And Tamar Goldstein Foundation
Eric And Tamar Goldstein Foundation (EIN: 161647207) is a nonprofit organization based in New York, NY, classified under NTEE code T12. The organization reported total revenue of $2.0M and total assets of $14.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eric And Tamar Goldstein Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eric And Tamar Goldstein Foundation is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $780K |
| Surplus / Deficit | +$1.4M |
| Total Assets | $12.8M |
| Total Liabilities | $330K |
| Net Assets | $12.5M |
| Operating Margin | 64.3% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 196.9 months |
Financial Health Grade: A
In 2023, Eric And Tamar Goldstein Foundation reported a surplus of $1.4M with revenue exceeding expenses, holds 196.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eric And Tamar Goldstein Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.3% | -14.9% | +20.6% |
| 2022 | -5.9% | +34.2% | -3.6% |
| 2021 | +14.4% | +2.9% | +37.8% |
| 2020 | -13.6% | -49.2% | +8.9% |
| 2019 | +9.5% | +29.3% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Eric And Tamar Goldstein Foundation with a Mission Score of 85 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, Eric And Tamar Goldstein 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is entirely volunteer-based or that compensation is not reported in this category, which is highly efficient for an organization of its size with over $2 million in annual revenue.
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 Eric And Tamar Goldstein Foundation's IRS 990 filings:
- Consistently low expense ratio relative to revenue, indicating significant asset accumulation rather than direct program spending proportional to income.
- Lack of detailed program spending breakdown in the provided data, making it difficult to assess direct mission impact.
Strengths
The following positive indicators were identified for Eric And Tamar Goldstein Foundation:
- Strong and consistent asset growth, from $4.29 million in 2014 to $12.79 million in 2023.
- Zero reported officer compensation across all filings, indicating highly efficient leadership.
- Consistent revenue generation, with the latest period reaching over $2.18 million.
- Minimal to no liabilities in most filing periods, demonstrating financial stability.
Frequently Asked Questions about Eric And Tamar Goldstein Foundation
Is Eric And Tamar Goldstein Foundation a legitimate charity?
Eric And Tamar Goldstein Foundation (EIN: 161647207) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Eric And Tamar Goldstein Foundation spend its money?
Eric And Tamar Goldstein Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Eric And Tamar Goldstein Foundation tax-deductible?
Eric And Tamar Goldstein Foundation is registered as a tax-exempt nonprofit (EIN: 161647207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Eric And Tamar Goldstein Foundation CEO make?
Eric And Tamar Goldstein Foundation's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Eric And Tamar Goldstein Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Eric And Tamar Goldstein Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eric And Tamar Goldstein Foundation located?
Eric And Tamar Goldstein Foundation is headquartered in New York, New York and files with the IRS under EIN 161647207. It is classified under NTEE code T12.
How many years of IRS 990 filings does Eric And Tamar Goldstein Foundation have?
Eric And Tamar Goldstein Foundation has 13 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 $2.0M in total revenue.
What are the specific programs or grants funded by the foundation?
The provided data does not detail specific programs or grant recipients, only overall expenses. Further investigation into their 990 Schedule I or website would be needed.
Why are expenses consistently much lower than revenue?
The foundation consistently reports expenses significantly lower than its revenue, leading to substantial asset growth. This suggests a strategy of endowment building or accumulating funds for future, larger grant distributions rather than immediate, high-volume spending.
How does the foundation ensure its accumulated assets are effectively deployed for its mission?
While asset growth is strong, the low expense ratio relative to revenue raises questions about the immediate impact of these funds. The foundation should clearly articulate its strategy for deploying its growing asset base to fulfill its mission effectively.
Filing History
IRS 990 filing history for Eric And Tamar Goldstein Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eric And Tamar Goldstein Foundation's revenue has grown by 61.4%, moving from $1.4M to $2.2M. Total assets increased by 812.4% over the same period, from $1.4M to $12.8M. Total functional expenses rose by 45.9%, from $534K to $780K. In its most recent filing year (2023), Eric And Tamar Goldstein Foundation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $330K in liabilities against $12.8M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $780K | $12.8M | $330K | — | — |
| 2022 | $1.8M | $916K | $10.6M | $400K | — | View 990 |
| 2021 | $1.9M | $683K | $11.0M | $0 | — | View 990 |
| 2020 | $1.7M | $664K | $8.0M | $0 | — | View 990 |
| 2019 | $2.0M | $1.3M | $7.3M | $0 | — | View 990 |
| 2018 | $1.8M | $1.0M | $7.2M | $0 | — | View 990 |
| 2017 | $1.5M | $1.3M | $6.4M | $0 | — | View 990 |
| 2016 | $1.5M | $704K | $5.6M | $0 | — | View 990 |
| 2015 | $2.0M | $674K | $5.3M | $0 | — | View 990 |
| 2014 | $1.5M | $834K | $4.3M | $250K | — | View 990 |
| 2013 | $1.8M | $754K | $3.1M | $50K | — | View 990 |
| 2012 | $1.4M | $631K | $1.8M | $0 | — | View 990 |
| 2011 | $1.4M | $534K | $1.4M | $305K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $780K, and assets of $12.8M (revenue +20.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $916K, and assets of $10.6M (revenue -5.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $683K, and assets of $11.0M (revenue +14.4% year-over-year).
- 2020: Revenue of $1.7M, expenses of $664K, and assets of $8.0M (revenue -13.6% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.3M, and assets of $7.3M (revenue +9.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.0M, and assets of $7.2M (revenue +16.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $6.4M (revenue +3.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $704K, and assets of $5.6M (revenue -25.4% year-over-year).
- 2015: Revenue of $2.0M, expenses of $674K, and assets of $5.3M (revenue +29.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $834K, and assets of $4.3M (revenue -13.6% year-over-year).
- 2013: Revenue of $1.8M, expenses of $754K, and assets of $3.1M (revenue +29.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $631K, and assets of $1.8M (revenue +0.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $534K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eric And Tamar Goldstein Foundation:
Data Sources and Methodology
This transparency report for Eric And Tamar Goldstein 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.