Friedman Fam Charitable Tr Agreement 11052003
Friedman Fam Charitable Trust consistently reports 0% officer compensation and growing assets.
EIN: 137385556 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.5M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $581K |
| Transparency Score | 85/100 |
Is Friedman Fam Charitable Tr Agreement 11052003 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friedman Fam Charitable Tr Agreement 11052003 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friedman Fam Charitable Tr Agreement 11052003
Friedman Fam Charitable Tr Agreement 11052003 (EIN: 137385556) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $15.5M and total assets of $345K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friedman Fam Charitable Tr Agreement 11052003's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friedman Fam Charitable Tr Agreement 11052003 is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$277K |
| Total Assets | $598K |
| Total Liabilities | $17K |
| Net Assets | $581K |
| Operating Margin | 18.8% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Friedman Fam Charitable Tr Agreement 11052003 reported a surplus of $277K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Friedman Fam Charitable Tr Agreement 11052003's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.8% | +95.7% | +6.5% |
| 2022 | +16.8% | -24.1% | +53.7% |
| 2021 | +121.2% | +2.2% | +21.9% |
| 2020 | -50.5% | -13.0% | -60.6% |
| 2019 | -46.7% | +50.1% | -28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Friedman Fam Charitable Tr Agreement 11052003 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Friedman Fam Charitable Tr Agreement 11052003 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $277K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly favorable for a nonprofit of its size with revenues ranging from hundreds of thousands to over a million dollars annually.
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 Friedman Fam Charitable Tr Agreement 11052003's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
- Significant year-to-year fluctuations in revenue, which could indicate inconsistent funding sources.
Strengths
The following positive indicators were identified for Friedman Fam Charitable Tr Agreement 11052003:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in directing funds.
- Positive net income in most recent years (e.g., $277,289 in 2023, $406,869 in 2022), contributing to financial stability.
- Growing asset base, from $75,586 in 2011 to $598,000 in 2023, enhancing long-term capacity.
- Consistent IRS 990 filing history over 10 periods, demonstrating transparency and compliance.
Frequently Asked Questions about Friedman Fam Charitable Tr Agreement 11052003
Is Friedman Fam Charitable Tr Agreement 11052003 a legitimate charity?
Friedman Fam Charitable Tr Agreement 11052003 (EIN: 137385556) 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: $15.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Friedman Fam Charitable Tr Agreement 11052003 spend its money?
Friedman Fam Charitable Tr Agreement 11052003 directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Friedman Fam Charitable Tr Agreement 11052003 tax-deductible?
Friedman Fam Charitable Tr Agreement 11052003 is registered as a tax-exempt nonprofit (EIN: 137385556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Friedman Fam Charitable Tr Agreement 11052003 compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Friedman Fam Charitable Tr Agreement 11052003 is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friedman Fam Charitable Tr Agreement 11052003 located?
Friedman Fam Charitable Tr Agreement 11052003 is headquartered in New York, New York and files with the IRS under EIN 137385556. It is classified under NTEE code T20.
How many years of IRS 990 filings does Friedman Fam Charitable Tr Agreement 11052003 have?
Friedman Fam Charitable Tr Agreement 11052003 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 $15.5M in total revenue.
Is Friedman Fam Charitable Tr Agreement 11052003 a good charity?
Based on the available data, the organization appears to be a good charity, primarily due to its consistent reporting of 0% officer compensation, indicating that all funds are directed towards its mission rather than executive salaries. Its assets have also shown growth over time, suggesting financial stability.
What is the primary use of the organization's funds?
Without a detailed breakdown of expenses beyond total expenses, it's difficult to pinpoint the exact primary use. However, given the 0% officer compensation, it's highly probable that the vast majority of funds are used for program services and necessary administrative overhead.
How has the organization's financial health changed over the past decade?
The organization's financial health has generally improved, with assets growing from $75,586 in 2011 to $598,000 in 2023. While revenues and expenses fluctuate annually, the organization has frequently reported a surplus in recent years, such as $277,289 in 2023.
Filing History
IRS 990 filing history for Friedman Fam Charitable Tr Agreement 11052003 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Friedman Fam Charitable Tr Agreement 11052003's revenue has grown by 42.1%, moving from $1.0M to $1.5M. Total assets increased by 691.2% over the same period, from $76K to $598K. Total functional expenses rose by 148.3%, from $483K to $1.2M. In its most recent filing year (2023), Friedman Fam Charitable Tr Agreement 11052003 reported a surplus of $277K, with revenue exceeding expenses. The organization holds $17K in liabilities against $598K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $581K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.2M | $598K | $17K | — | View 990 |
| 2022 | $1.0M | $612K | $561K | $163K | — | View 990 |
| 2021 | $873K | $807K | $365K | $1 | — | View 990 |
| 2020 | $395K | $790K | $300K | $1 | — | View 990 |
| 2019 | $797K | $908K | $761K | $66K | — | View 990 |
| 2015 | $1.5M | $605K | $1.1M | $91K | — | View 990 |
| 2014 | $374K | $1.0M | $76K | $1 | — | View 990 |
| 2013 | $2.2M | $813K | $745K | $0 | — | View 990 |
| 2012 | $1.0M | $516K | $164K | $0 | — | View 990 |
| 2011 | $1.0M | $483K | $76K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.2M, and assets of $598K (revenue +44.8% year-over-year).
- 2022: Revenue of $1.0M, expenses of $612K, and assets of $561K (revenue +16.8% year-over-year).
- 2021: Revenue of $873K, expenses of $807K, and assets of $365K (revenue +121.2% year-over-year).
- 2020: Revenue of $395K, expenses of $790K, and assets of $300K (revenue -50.5% year-over-year).
- 2019: Revenue of $797K, expenses of $908K, and assets of $761K (revenue -46.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $605K, and assets of $1.1M (revenue +299.9% year-over-year).
- 2014: Revenue of $374K, expenses of $1.0M, and assets of $76K (revenue -83.0% year-over-year).
- 2013: Revenue of $2.2M, expenses of $813K, and assets of $745K (revenue +111.6% year-over-year).
- 2012: Revenue of $1.0M, expenses of $516K, and assets of $164K (revenue +0.1% year-over-year).
- 2011: Revenue of $1.0M, expenses of $483K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friedman Fam Charitable Tr Agreement 11052003:
Data Sources and Methodology
This transparency report for Friedman Fam Charitable Tr Agreement 11052003 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.