Fisher Brothers Foundation Inc
Fisher Brothers Foundation consistently operates with multi-million dollar revenues and expenses, maintaining minimal assets and reporting no officer compensation.
EIN: 133118286 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $3.4M |
| Program Spending | 90% |
| Net Assets | $-827 |
| Transparency Score | 85/100 |
Is Fisher Brothers Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fisher Brothers Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fisher Brothers Foundation Inc
Fisher Brothers Foundation Inc (EIN: 133118286) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.6M and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fisher Brothers Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fisher Brothers Foundation Inc is a mid-size nonprofit that has been operating for 44 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-56,695 |
| Total Assets | $9K |
| Total Liabilities | $10K |
| Net Assets | $-827 |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 109.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Fisher Brothers Foundation Inc reported a deficit of $57K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 109.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fisher Brothers Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | +5.0% | -86.1% |
| 2022 | +21.8% | +20.9% | +187.4% |
| 2021 | +401.9% | +364.7% | +184.5% |
| 2020 | -85.4% | -84.2% | -83.0% |
| 2019 | +2.1% | +4.0% | -76.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Fisher Brothers Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Fisher Brothers Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated directly from the foundation's funds, which is a positive sign for donor confidence given the multi-million dollar operational scale.
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 Fisher Brothers Foundation Inc's IRS 990 filings:
- Unknown NTEE code limits understanding of mission focus
- Consistent $10,000 liability without clear explanation
Strengths
The following positive indicators were identified for Fisher Brothers Foundation Inc:
- Consistent multi-million dollar revenue and expense activity
- Zero officer compensation reported across all filings
- Low asset accumulation suggests efficient fund disbursement
- Consistent IRS 990 filing history (10 filings)
- Expenses closely align with revenue, indicating active program spending
Frequently Asked Questions about Fisher Brothers Foundation Inc
Is Fisher Brothers Foundation Inc a legitimate charity?
Fisher Brothers Foundation Inc (EIN: 133118286) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 5 strengths noted. Financial health grade: D.
How does Fisher Brothers Foundation Inc spend its money?
Fisher Brothers Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fisher Brothers Foundation Inc tax-deductible?
Fisher Brothers Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133118286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fisher Brothers Foundation Inc's spending goes to programs?
Fisher Brothers Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fisher Brothers Foundation Inc located?
Fisher Brothers Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133118286.
How many years of IRS 990 filings does Fisher Brothers Foundation Inc have?
Fisher Brothers Foundation Inc 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 $2.6M in total revenue.
Is Fisher Brothers Foundation Inc. a good charity?
Based on the available data, the Fisher Brothers Foundation Inc. appears to be a financially sound organization that effectively disburses its funds. Its consistent multi-million dollar operations, minimal asset accumulation, and zero officer compensation suggest a strong focus on its mission without significant overhead or executive enrichment. However, without an NTEE code, the specific programmatic impact is not fully clear.
Why are the assets so low compared to revenue?
The consistently low asset levels (e.g., $9,173 in 2023 compared to $3.3 million in revenue) suggest that the Fisher Brothers Foundation Inc. operates primarily as a pass-through entity, distributing most of its incoming funds as grants or program expenses rather than accumulating significant reserves. This model can indicate efficient and timely deployment of resources.
What is the nature of the consistent $10,000 liability?
The consistent reporting of $10,000 in liabilities across all available filing periods (e.g., 2011-2023) is unusual. While not necessarily a red flag on its own, understanding the specific nature of this recurring liability would provide greater clarity on the foundation's financial structure and obligations.
How does the foundation manage to operate with 0% officer compensation?
The 0% officer compensation reported across all filings suggests that the foundation's leadership may be volunteers, or their compensation is covered by an affiliated entity, or they have other sources of income. This practice significantly reduces administrative overhead and maximizes funds available for programmatic activities.
What is the primary focus of the Fisher Brothers Foundation Inc.?
Unfortunately, the NTEE code for Fisher Brothers Foundation Inc. is listed as 'Unknown' in the provided data. This makes it difficult to ascertain the specific programmatic areas or mission focus of the organization from the financial filings alone. Further research outside of the 990 data would be needed to understand its primary activities.
Filing History
IRS 990 filing history for Fisher Brothers Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fisher Brothers Foundation Inc's revenue has grown by 22%, moving from $2.7M to $3.3M. Total assets decreased by 96.6% over the same period, from $266K to $9K. Total functional expenses rose by 36.1%, from $2.5M to $3.4M. In its most recent filing year (2023), Fisher Brothers Foundation Inc reported a deficit of $57K, with expenses exceeding revenue. The organization holds $10K in liabilities against $9K in assets (debt-to-asset ratio: 109.0%), resulting in net assets of $-827.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.4M | $9K | $10K | — | View 990 |
| 2022 | $3.2M | $3.2M | $66K | $10K | — | View 990 |
| 2021 | $2.7M | $2.6M | $23K | $10K | — | View 990 |
| 2020 | $530K | $569K | $8K | $10K | — | View 990 |
| 2019 | $3.6M | $3.6M | $47K | $10K | — | — |
| 2015 | $3.5M | $3.5M | $204K | $10K | — | View 990 |
| 2014 | $2.8M | $3.0M | $130K | $10K | — | View 990 |
| 2013 | $3.0M | $2.7M | $328K | $10K | — | View 990 |
| 2012 | $2.9M | $3.1M | $47K | $10K | — | View 990 |
| 2011 | $2.7M | $2.5M | $266K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.4M, and assets of $9K (revenue +1.9% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.2M, and assets of $66K (revenue +21.8% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.6M, and assets of $23K (revenue +401.9% year-over-year).
- 2020: Revenue of $530K, expenses of $569K, and assets of $8K (revenue -85.4% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.6M, and assets of $47K (revenue +2.1% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.5M, and assets of $204K (revenue +26.6% year-over-year).
- 2014: Revenue of $2.8M, expenses of $3.0M, and assets of $130K (revenue -6.7% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.7M, and assets of $328K (revenue +3.4% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.1M, and assets of $47K (revenue +7.3% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.5M, and assets of $266K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fisher Brothers Foundation Inc:
Data Sources and Methodology
This transparency report for Fisher Brothers 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.