Fragrance Foundation Inc
Fragrance Foundation Inc. shows consistent asset growth with stable revenues and no reported officer compensation.
EIN: 136162393 · New York, NY · NTEE: U99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $4.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.4M |
| Transparency Score | 75/100 |
Is Fragrance Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fragrance Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fragrance Foundation Inc
Fragrance Foundation Inc (EIN: 136162393) is a nonprofit organization based in New York, NY, classified under NTEE code U99Z. The organization reported total revenue of $4.9M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fragrance Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fragrance Foundation Inc is a mid-size nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-127,953 |
| Total Assets | $4.5M |
| Total Liabilities | $2.2M |
| Net Assets | $2.4M |
| Operating Margin | -3.1% |
| Debt-to-Asset Ratio | 47.6% |
| Months of Reserves | 12.6 months |
Financial Health Grade: B
In 2023, Fragrance Foundation Inc reported a deficit of $128K with expenses exceeding revenue, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 47.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fragrance Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +12.4% | +1.9% |
| 2022 | +54.6% | +61.7% | +1.8% |
| 2021 | +25.5% | +16.5% | +10.9% |
| 2020 | -51.2% | -45.6% | -3.3% |
| 2019 | -3.5% | -1.7% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1950 |
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 Fragrance Foundation Inc with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Fragrance Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $128K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.6%.
Executive Compensation Analysis
The organization consistently reports 0% for officer compensation across all available filings, which is highly unusual for an organization of its size with revenues often exceeding $4 million. This suggests either a fully volunteer executive leadership or that executive compensation is reported under other expense categories, which would require further clarification for complete 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 Fragrance Foundation Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
- Significant liabilities consistently around $2 million relative to assets
Strengths
The following positive indicators were identified for Fragrance Foundation Inc:
- Consistent asset growth over the past decade, from $2.2M in 2014 to $4.5M in 2023
- No reported officer compensation, indicating potential volunteer leadership or efficient use of funds for executive roles
- Generally stable revenue streams, recovering well from pandemic-related dips
- Revenues generally exceed expenses, contributing to asset accumulation
Frequently Asked Questions about Fragrance Foundation Inc
Is Fragrance Foundation Inc a legitimate charity?
Fragrance Foundation Inc (EIN: 136162393) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Fragrance Foundation Inc spend its money?
Fragrance Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Fragrance Foundation Inc tax-deductible?
Fragrance Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136162393). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fragrance Foundation Inc CEO make?
Fragrance Foundation Inc's highest-compensated officer earns $4 annually. The organization reported $4.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fragrance Foundation Inc's spending goes to programs?
Fragrance Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Fragrance Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fragrance Foundation Inc is above average for NTEE category U99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fragrance Foundation Inc located?
Fragrance Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136162393. It is classified under NTEE code U99Z.
How many years of IRS 990 filings does Fragrance Foundation Inc have?
Fragrance Foundation Inc 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 $4.9M in total revenue.
Is Fragrance Foundation Inc. a good charity?
Based on the available data, the Fragrance Foundation Inc. appears to be a financially stable organization with growing assets and no reported officer compensation, which are positive indicators. However, without a detailed breakdown of program spending versus administrative and fundraising costs, it's difficult to fully assess its efficiency as a charity.
How has the organization's revenue trended over the past decade?
The organization's revenue has shown fluctuations but generally remained stable, ranging from a low of $2,051,882 in 2020 to a high of $4,356,527 in 2018, with the latest reported revenue at $4,188,898 in 2023. There was a dip during the pandemic years (2020-2021) but a strong recovery since.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $2,217,976 in 2014 to $4,545,376 in 2023, indicating good financial management and accumulation of resources over time.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this size. It could mean that executive leadership is entirely volunteer-based, or that compensation is categorized differently within the financial statements, which would warrant further inquiry for full understanding.
Filing History
IRS 990 filing history for Fragrance Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fragrance Foundation Inc's revenue has grown by 18.3%, moving from $3.5M to $4.2M. Total assets increased by 291.9% over the same period, from $1.2M to $4.5M. Total functional expenses rose by 26.8%, from $3.4M to $4.3M. In its most recent filing year (2023), Fragrance Foundation Inc reported a deficit of $128K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $4.5M in assets (debt-to-asset ratio: 47.6%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.3M | $4.5M | $2.2M | — | View 990 |
| 2022 | $4.0M | $3.8M | $4.5M | $2.0M | — | View 990 |
| 2021 | $2.6M | $2.4M | $4.4M | $2.0M | — | View 990 |
| 2020 | $2.1M | $2.0M | $4.0M | $1.8M | — | — |
| 2019 | $4.2M | $3.8M | $4.1M | $2.1M | — | — |
| 2018 | $4.4M | $3.8M | $3.7M | $2.4M | — | View 990 |
| 2017 | $4.3M | $4.2M | $3.2M | $2.3M | — | View 990 |
| 2016 | $4.1M | $3.8M | $2.7M | $2.0M | — | View 990 |
| 2015 | $4.2M | $3.7M | $2.7M | $2.1M | — | View 990 |
| 2014 | $3.8M | $4.1M | $2.2M | $1.9M | — | View 990 |
| 2013 | $3.7M | $3.6M | $1.4M | $1.0M | — | View 990 |
| 2012 | $3.4M | $3.1M | $1.4M | $1.2M | — | View 990 |
| 2011 | $3.5M | $3.4M | $1.2M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.3M, and assets of $4.5M (revenue +5.2% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.8M, and assets of $4.5M (revenue +54.6% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.4M, and assets of $4.4M (revenue +25.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $4.0M (revenue -51.2% year-over-year).
- 2019: Revenue of $4.2M, expenses of $3.8M, and assets of $4.1M (revenue -3.5% year-over-year).
- 2018: Revenue of $4.4M, expenses of $3.8M, and assets of $3.7M (revenue +1.7% year-over-year).
- 2017: Revenue of $4.3M, expenses of $4.2M, and assets of $3.2M (revenue +5.1% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.8M, and assets of $2.7M (revenue -3.0% year-over-year).
- 2015: Revenue of $4.2M, expenses of $3.7M, and assets of $2.7M (revenue +9.2% year-over-year).
- 2014: Revenue of $3.8M, expenses of $4.1M, and assets of $2.2M (revenue +4.2% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.6M, and assets of $1.4M (revenue +8.2% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.1M, and assets of $1.4M (revenue -3.6% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.4M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fragrance Foundation Inc:
Data Sources and Methodology
This transparency report for Fragrance 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.