Frances & Edwin Cummings Memorial
Frances & Edwin Cummings Memorial consistently spends more than it earns, relying on substantial assets.
EIN: 136814491 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $2.1M |
| Program Spending | 80% |
| Net Assets | $45.9M |
| Transparency Score | 75/100 |
Is Frances & Edwin Cummings Memorial Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frances & Edwin Cummings Memorial directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frances & Edwin Cummings Memorial
Frances & Edwin Cummings Memorial (EIN: 136814491) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.8M and total assets of $45.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frances & Edwin Cummings Memorial's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frances & Edwin Cummings Memorial is a mid-size nonprofit that has been operating for 42 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-284,379 |
| Total Assets | $45.9M |
| Total Liabilities | $1 |
| Net Assets | $45.9M |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 262.5 months |
Financial Health Grade: B
In 2024, Frances & Edwin Cummings Memorial reported a deficit of $284K with expenses exceeding revenue, holds 262.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Frances & Edwin Cummings Memorial's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +179.2% | +0.9% | -0.7% |
| 2023 | -97.1% | -17.3% | -3.0% |
| 2022 | +722.9% | +20.5% | +73.0% |
| 2021 | +63.5% | +2.4% | +2.5% |
| 2020 | -38.9% | +2.2% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Frances & Edwin Cummings Memorial 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Frances & Edwin Cummings Memorial 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $284K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive for minimizing overhead.
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 Frances & Edwin Cummings Memorial's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most recent years, e.g., 2024, 2023, 2020, 2013, 2012)
- Significant volatility in annual revenue, making financial planning potentially challenging (e.g., $22.6M in 2022 vs. $0.6M in 2023)
Strengths
The following positive indicators were identified for Frances & Edwin Cummings Memorial:
- Very strong asset base ($45,906,375 in 2024) providing long-term stability
- Extremely low liabilities ($1 or $0 across all filings) indicating minimal debt
- No reported officer compensation, suggesting efficient use of funds for leadership or volunteer-led structure
Frequently Asked Questions about Frances & Edwin Cummings Memorial
Is Frances & Edwin Cummings Memorial a legitimate charity?
Frances & Edwin Cummings Memorial (EIN: 136814491) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $6.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Frances & Edwin Cummings Memorial spend its money?
Frances & Edwin Cummings Memorial directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Frances & Edwin Cummings Memorial tax-deductible?
Frances & Edwin Cummings Memorial is registered as a tax-exempt nonprofit (EIN: 136814491). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Frances & Edwin Cummings Memorial's spending goes to programs?
Frances & Edwin Cummings Memorial directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Frances & Edwin Cummings Memorial located?
Frances & Edwin Cummings Memorial is headquartered in New York, New York and files with the IRS under EIN 136814491.
How many years of IRS 990 filings does Frances & Edwin Cummings Memorial have?
Frances & Edwin Cummings Memorial has 9 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 $6.8M in total revenue.
How does Frances & Edwin Cummings Memorial cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue in most recent years (e.g., $2,098,293 expenses vs. $1,813,914 revenue in 2024). This suggests they are likely drawing from their substantial asset base, which stood at $45,906,375 in 2024, possibly through investment income or endowment drawdowns.
What is the primary source of revenue for Frances & Edwin Cummings Memorial?
While specific revenue sources are not detailed in the provided data, the significant fluctuations in revenue (e.g., $22,643,234 in 2022 vs. $649,637 in 2023) suggest a reliance on investment gains, large one-time contributions, or other non-recurring income, rather than consistent program service fees or public support.
Is the organization financially stable given its spending patterns?
Despite consistent operating deficits, the organization appears financially stable due to its very low liabilities ($1 or $0 across all filings) and substantial asset base ($45,906,375 in 2024). These assets provide a significant buffer against ongoing operational shortfalls.
Filing History
IRS 990 filing history for Frances & Edwin Cummings Memorial showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Frances & Edwin Cummings Memorial's revenue has grown by 3.7%, moving from $1.7M to $1.8M. Total assets increased by 75.9% over the same period, from $26.1M to $45.9M. Total functional expenses rose by 3.9%, from $2.0M to $2.1M. In its most recent filing year (2024), Frances & Edwin Cummings Memorial reported a deficit of $284K, with expenses exceeding revenue. The organization holds $1 in liabilities against $45.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $45.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $2.1M | $45.9M | $1 | — | View 990 |
| 2023 | $650K | $2.1M | $46.2M | $1 | — | View 990 |
| 2022 | $22.6M | $2.5M | $47.7M | $1 | — | View 990 |
| 2021 | $2.8M | $2.1M | $27.5M | $1 | — | View 990 |
| 2020 | $1.7M | $2.0M | $26.9M | $1 | — | View 990 |
| 2015 | $2.8M | $2.0M | $27.6M | $0 | — | View 990 |
| 2014 | $3.1M | $2.0M | $26.8M | $0 | — | View 990 |
| 2013 | $1.5M | $2.0M | $25.6M | $0 | — | View 990 |
| 2012 | $1.7M | $2.0M | $26.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.8M, expenses of $2.1M, and assets of $45.9M (revenue +179.2% year-over-year).
- 2023: Revenue of $650K, expenses of $2.1M, and assets of $46.2M (revenue -97.1% year-over-year).
- 2022: Revenue of $22.6M, expenses of $2.5M, and assets of $47.7M (revenue +722.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.1M, and assets of $27.5M (revenue +63.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.0M, and assets of $26.9M (revenue -38.9% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.0M, and assets of $27.6M (revenue -12.3% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.0M, and assets of $26.8M (revenue +109.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.0M, and assets of $25.6M (revenue -14.4% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2.0M, and assets of $26.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frances & Edwin Cummings Memorial:
Data Sources and Methodology
This transparency report for Frances & Edwin Cummings Memorial 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.