Essel Foundation Inc
Essel Foundation Inc. shows volatile revenue and expenses, with no reported officer compensation.
EIN: 136191234 · Purchase, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $343.8M |
| Total Expenses | $6.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $109.7M |
| Transparency Score | 70/100 |
Search Intent Cockpit
Essel Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Essel Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Essel Foundation Inc in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $4.4M and expenses of $6.9M.
Revenue and Expenses
Essel Foundation Inc reported $4.4M in revenue and $6.9M in expenses, a deficit of $2.5M.
Executive Compensation
Top officer compensation appears as $100 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Essel Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $5.5M (80%) |
Across stored filings, Essel Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 11 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Purchase, NY nonprofitsFollow the Money
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Keep the Investigation Moving
Essel Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Essel Foundation Inc
Essel Foundation Inc (EIN: 136191234) is a nonprofit organization based in Purchase, NY. The organization reported total revenue of $343.8M and total assets of $270.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Essel Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Essel Foundation Inc is a major nonprofit that has been operating for 60 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-2,479,858 |
| Total Assets | $109.7M |
| Total Liabilities | $1 |
| Net Assets | $109.7M |
| Operating Margin | -56.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 191.2 months |
Financial Health Grade: B
In 2023, Essel Foundation Inc reported a deficit of $2.5M with expenses exceeding revenue, holds 191.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Essel Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.6% | -51.7% | -0.3% |
| 2023 | +360.4% | -3.5% | +16.8% |
| 2022 | -45.8% | -23.7% | -6.0% |
| 2021 | -6.2% | +395.0% | +4.2% |
| 2020 | +36.4% | +203.5% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Essel Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Essel Foundation Inc 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 deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries were paid, which is highly unusual for an organization of its size with assets exceeding $100 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.
Red Flags
The following concerns were identified during AI analysis of Essel Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue and expense volatility, making financial planning and stability uncertain.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency assessment.
- Consistently reported 0% officer compensation for an organization with substantial assets and expenses, which is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Essel Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating resources are not being used for executive salaries.
- Healthy asset growth over the past decade, from $62.6M in 201211 to $109.6M in 202312.
- Generally low liabilities reported in most periods, suggesting a strong balance sheet.
Frequently Asked Questions about Essel Foundation Inc
Is Essel Foundation Inc a legitimate charity?
Essel Foundation Inc (EIN: 136191234) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $343.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Essel Foundation Inc spend its money?
Essel Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Essel Foundation Inc tax-deductible?
Essel Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136191234). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Essel Foundation Inc CEO make?
Essel Foundation Inc's highest-compensated officer earns $100 annually. The organization reported $343.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Essel Foundation Inc's spending goes to programs?
Essel Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Essel Foundation Inc located?
Essel Foundation Inc is headquartered in Purchase, New York and files with the IRS under EIN 136191234.
How many years of IRS 990 filings does Essel Foundation Inc have?
Essel Foundation Inc has 11 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 $343.8M in total revenue.
What is the primary source of Essel Foundation Inc.'s revenue given its significant fluctuations?
The provided data does not specify revenue sources, but the large swings suggest potential reliance on grants, investments, or a few large donors rather than consistent operational income.
How does Essel Foundation Inc. manage to operate without any reported officer compensation?
This could indicate that officers are volunteers, compensated through a related entity not reflected in these filings, or that the organization's operational structure minimizes traditional executive salaries.
What are the specific program activities funded by Essel Foundation Inc.?
The NTEE code is unknown, and the provided financial data does not detail specific program expenditures, making it difficult to assess the nature of its charitable activities.
Why did expenses significantly exceed revenue in several periods, such as 202312 ($6.8M expenses vs. $4.4M revenue) and 202211 ($14.7M expenses vs. $6.6M revenue)?
Such deficits could be covered by drawing from accumulated assets or prior year surpluses, but consistent deficits could indicate unsustainable spending patterns.
Filing History
IRS 990 filing history for Essel Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Essel Foundation Inc's revenue has grown by 47.6%, moving from $3.0M to $4.4M. Total assets increased by 64.8% over the same period, from $66.5M to $109.7M. Total functional expenses rose by 46.9%, from $4.7M to $6.9M. In its most recent filing year (2023), Essel Foundation Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $109.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $109.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $6.9M | $109.7M | $1 | — | — |
| 2023 | $30.7M | $14.3M | $110.0M | $102K | — | — |
| 2022 | $6.7M | $14.8M | $94.1M | $102K | — | View 990 |
| 2021 | $12.3M | $19.4M | $100.1M | $172K | — | View 990 |
| 2020 | $13.1M | $3.9M | $96.0M | $172K | — | — |
| 2019 | $9.6M | $1.3M | $85.8M | $106K | — | View 990 |
| 2015 | $5.6M | $5.1M | $63.2M | $1 | — | View 990 |
| 2014 | $4.4M | $9.4M | $63.3M | $2.5M | — | View 990 |
| 2013 | $3.7M | $9.2M | $56.9M | $1 | — | View 990 |
| 2012 | $2.5M | $3.9M | $62.7M | $0 | — | View 990 |
| 2011 | $3.0M | $4.7M | $66.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $6.9M, and assets of $109.7M (revenue -85.6% year-over-year).
- 2023: Revenue of $30.7M, expenses of $14.3M, and assets of $110.0M (revenue +360.4% year-over-year).
- 2022: Revenue of $6.7M, expenses of $14.8M, and assets of $94.1M (revenue -45.8% year-over-year).
- 2021: Revenue of $12.3M, expenses of $19.4M, and assets of $100.1M (revenue -6.2% year-over-year).
- 2020: Revenue of $13.1M, expenses of $3.9M, and assets of $96.0M (revenue +36.4% year-over-year).
- 2019: Revenue of $9.6M, expenses of $1.3M, and assets of $85.8M (revenue +72.7% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.1M, and assets of $63.2M (revenue +25.6% year-over-year).
- 2014: Revenue of $4.4M, expenses of $9.4M, and assets of $63.3M (revenue +20.9% year-over-year).
- 2013: Revenue of $3.7M, expenses of $9.2M, and assets of $56.9M (revenue +48.2% year-over-year).
- 2012: Revenue of $2.5M, expenses of $3.9M, and assets of $62.7M (revenue -17.2% year-over-year).
- 2011: Revenue of $3.0M, expenses of $4.7M, and assets of $66.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Essel Foundation Inc:
Data Sources and Methodology
This transparency report for Essel Foundation Inc 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.