Foundation For Child Development
Foundation For Child Development consistently spends more than its annual revenue, relying on substantial assets.
EIN: 131623901 · New York, NY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.9M |
| Total Expenses | $5.8M |
| Program Spending | 75% |
| Net Assets | $122.1M |
| Transparency Score | 70/100 |
Is Foundation For Child Development Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For Child Development directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For Child Development
Foundation For Child Development (EIN: 131623901) is a nonprofit organization based in New York, NY, classified under NTEE code B99. The organization reported total revenue of $26.9M and total assets of $123.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Child Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For Child Development is a large nonprofit that has been operating for 88 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $5.8M |
| Surplus / Deficit | $-2,508,992 |
| Total Assets | $122.1M |
| Total Liabilities | $1 |
| Net Assets | $122.1M |
| Operating Margin | -75.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 250.9 months |
Financial Health Grade: B
In 2024, Foundation For Child Development reported a deficit of $2.5M with expenses exceeding revenue, holds 250.9 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 (2012–2024), Foundation For Child Development's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.5% | -7.4% | +10.6% |
| 2023 | -56.5% | +9.2% | -7.8% |
| 2022 | +214.3% | +11.3% | +2.3% |
| 2021 | -38.2% | -23.4% | +31.4% |
| 2020 | -3.5% | +0.9% | -8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 Foundation For Child Development 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: 75%
- fundraising: 10%
According to IRS 990 filings, Foundation For Child Development allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
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
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is not reported in this specific category, which would require further investigation for full transparency.
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 Foundation For Child Development's IRS 990 filings:
- Consistent annual expenses exceeding revenue (e.g., $5.8M expenses vs. $3.3M revenue in 202403 and 7 other periods)
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data, making efficiency analysis difficult
- Zero officer compensation reported across all filings, which could indicate a lack of transparency or a unique compensation structure that warrants further inquiry.
Strengths
The following positive indicators were identified for Foundation For Child Development:
- Substantial asset base ($123,667,243) providing financial stability
- Low liabilities reported in most recent filings (e.g., $1 in 202403, 202203, 202103, 202003)
- Consistent filing history (10 filings provided) indicating regulatory compliance
Frequently Asked Questions about Foundation For Child Development
Is Foundation For Child Development a legitimate charity?
Foundation For Child Development (EIN: 131623901) 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: $26.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Foundation For Child Development spend its money?
Foundation For Child Development directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Foundation For Child Development tax-deductible?
Foundation For Child Development is registered as a tax-exempt nonprofit (EIN: 131623901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For Child Development's spending goes to programs?
Foundation For Child Development directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For Child Development compare to similar nonprofits?
With a transparency score of 70/100 (Good), Foundation For Child Development is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For Child Development located?
Foundation For Child Development is headquartered in New York, New York and files with the IRS under EIN 131623901. It is classified under NTEE code B99.
How many years of IRS 990 filings does Foundation For Child Development have?
Foundation For Child Development 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 $26.9M in total revenue.
Is Foundation For Child Development a good charity?
The Foundation For Child Development appears to be a stable organization with significant assets dedicated to its mission. However, its consistent trend of expenses exceeding revenue in recent years (e.g., $5.8M expenses vs. $3.3M revenue in 202403) suggests a reliance on its endowment rather than annual fundraising to cover costs. This isn't inherently negative for an endowed foundation, but donors should understand this operational model.
How does the organization fund its operations given the revenue-expense gap?
The organization likely funds its operational deficits by drawing from its substantial asset base, which stood at $123,667,243 in the latest period. This is common for foundations with large endowments, where investment returns or principal drawdowns cover expenses when annual contributions are insufficient.
What is the long-term sustainability of this spending pattern?
While the current asset base is substantial, a sustained pattern of spending significantly more than annual revenue could, over a very long period, erode the endowment. The organization's investment performance and spending policies would be critical factors in determining long-term sustainability.
Filing History
IRS 990 filing history for Foundation For Child Development showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Foundation For Child Development's revenue has declined by 24.8%, moving from $4.4M to $3.3M. Total assets increased by 27.8% over the same period, from $95.6M to $122.1M. Total functional expenses rose by 19.9%, from $4.9M to $5.8M. In its most recent filing year (2024), Foundation For Child Development reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $122.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $122.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.3M | $5.8M | $122.1M | $1 | — | — |
| 2023 | $3.3M | $6.3M | $110.4M | $84K | — | View 990 |
| 2022 | $7.6M | $5.8M | $119.7M | $1 | — | View 990 |
| 2021 | $2.4M | $5.2M | $117.0M | $1 | — | — |
| 2020 | $3.9M | $6.8M | $89.0M | $1 | — | View 990 |
| 2016 | $4.1M | $6.7M | $97.7M | $0 | — | View 990 |
| 2015 | $6.9M | $6.1M | $106.1M | $0 | — | View 990 |
| 2014 | $5.9M | $6.0M | $105.0M | $0 | — | View 990 |
| 2013 | $6.2M | $4.4M | $100.0M | $2.0M | — | View 990 |
| 2012 | $4.4M | $4.9M | $95.6M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.3M, expenses of $5.8M, and assets of $122.1M (revenue +0.5% year-over-year).
- 2023: Revenue of $3.3M, expenses of $6.3M, and assets of $110.4M (revenue -56.5% year-over-year).
- 2022: Revenue of $7.6M, expenses of $5.8M, and assets of $119.7M (revenue +214.3% year-over-year).
- 2021: Revenue of $2.4M, expenses of $5.2M, and assets of $117.0M (revenue -38.2% year-over-year).
- 2020: Revenue of $3.9M, expenses of $6.8M, and assets of $89.0M (revenue -3.5% year-over-year).
- 2016: Revenue of $4.1M, expenses of $6.7M, and assets of $97.7M (revenue -41.2% year-over-year).
- 2015: Revenue of $6.9M, expenses of $6.1M, and assets of $106.1M (revenue +17.1% year-over-year).
- 2014: Revenue of $5.9M, expenses of $6.0M, and assets of $105.0M (revenue -4.8% year-over-year).
- 2013: Revenue of $6.2M, expenses of $4.4M, and assets of $100.0M (revenue +39.8% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.9M, and assets of $95.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For Child Development:
Data Sources and Methodology
This transparency report for Foundation For Child Development 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.