Friedman Family Foundation
Friedman Family Foundation shows strong asset growth and no officer compensation, despite fluctuating annual revenues and expenses.
EIN: 133025979 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48.9M |
| Total Expenses | $10.7M |
| Program Spending | 80% |
| Net Assets | $25.9M |
| Transparency Score | 75/100 |
Is Friedman Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friedman Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friedman Family Foundation
Friedman Family Foundation (EIN: 133025979) is a nonprofit organization based in New York, NY. The organization reported total revenue of $48.9M and total assets of $65.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friedman Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friedman Family Foundation is a large nonprofit that has been operating for 46 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $10.7M |
| Surplus / Deficit | $-6,312,567 |
| Total Assets | $25.9M |
| Total Liabilities | $1 |
| Net Assets | $25.9M |
| Operating Margin | -144.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 29.1 months |
Financial Health Grade: B
In 2024, Friedman Family Foundation reported a deficit of $6.3M with expenses exceeding revenue, holds 29.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Friedman Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -86.0% | +78.5% | -22.6% |
| 2023 | +321.0% | -25.8% | +221.6% |
| 2022 | -49.4% | +26.5% | -28.5% |
| 2021 | +361.1% | -52.4% | +10.0% |
| 2020 | -84.9% | +130.8% | -46.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Family Foundation 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Friedman Family Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $6.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Friedman Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for resource allocation and donor trust.
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 Family Foundation's IRS 990 filings:
- Significant year-over-year revenue and expense volatility, making consistent financial planning challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency analysis.
- NTEE code is unknown, which limits understanding of the organization's specific mission and impact area.
Strengths
The following positive indicators were identified for Friedman Family Foundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and strong governance.
- Substantial asset growth from $10.3M in 201207 to $65.6M currently, demonstrating financial stability and capacity.
- Consistently low liabilities, suggesting sound financial management and minimal debt burden.
- High latest reported revenue of $48,934,160, indicating strong fundraising or investment income potential.
Frequently Asked Questions about Friedman Family Foundation
Is Friedman Family Foundation a legitimate charity?
Friedman Family Foundation (EIN: 133025979) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $48.9M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Friedman Family Foundation spend its money?
Friedman Family Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Friedman Family Foundation tax-deductible?
Friedman Family Foundation is registered as a tax-exempt nonprofit (EIN: 133025979). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friedman Family Foundation's spending goes to programs?
Friedman Family Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Friedman Family Foundation located?
Friedman Family Foundation is headquartered in New York, New York and files with the IRS under EIN 133025979.
How many years of IRS 990 filings does Friedman Family Foundation have?
Friedman Family Foundation has 11 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 $48.9M in total revenue.
What are the specific program areas the Friedman Family Foundation supports?
The provided data does not include the NTEE code or a detailed breakdown of program expenses, making it difficult to ascertain the specific program areas the Friedman Family Foundation supports.
Why is there such high variability in annual revenue and expenses?
The significant fluctuations in annual revenue (e.g., $31M in 202307 vs. $4M in 202407) and expenses (e.g., $5.9M in 202307 vs. $10.6M in 202407) could be due to the timing of large grants received or disbursed, investment performance, or specific project cycles. Without further detail, the exact reasons remain unclear.
How does the foundation manage its significant assets?
The foundation has grown its assets from $10.3M in 201207 to $65.6M currently. While the data shows this growth, it does not detail the investment strategies or management practices employed to achieve and maintain this asset base.
Filing History
IRS 990 filing history for Friedman Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Friedman Family Foundation's revenue has grown by 7.3%, moving from $4.1M to $4.4M. Total assets increased by 224.1% over the same period, from $8.0M to $25.9M. Total functional expenses rose by 159.9%, from $4.1M to $10.7M. In its most recent filing year (2024), Friedman Family Foundation reported a deficit of $6.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $25.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.4M | $10.7M | $25.9M | $1 | — | View 990 |
| 2023 | $31.1M | $6.0M | $33.5M | $184K | — | View 990 |
| 2022 | $7.4M | $8.1M | $10.4M | $1 | — | View 990 |
| 2021 | $14.6M | $6.4M | $14.6M | $1 | — | View 990 |
| 2020 | $3.2M | $13.4M | $13.2M | $1 | — | — |
| 2019 | $21.0M | $5.8M | $24.7M | $1 | — | View 990 |
| 2015 | $13.5M | $5.5M | $20.5M | $0 | — | View 990 |
| 2014 | $26.9M | $5.3M | $24.4M | $0 | — | View 990 |
| 2013 | $9.5M | $3.1M | $12.5M | $0 | — | View 990 |
| 2012 | $10.4M | $5.4M | $10.4M | $2.5M | — | View 990 |
| 2011 | $4.1M | $4.1M | $8.0M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.4M, expenses of $10.7M, and assets of $25.9M (revenue -86.0% year-over-year).
- 2023: Revenue of $31.1M, expenses of $6.0M, and assets of $33.5M (revenue +321.0% year-over-year).
- 2022: Revenue of $7.4M, expenses of $8.1M, and assets of $10.4M (revenue -49.4% year-over-year).
- 2021: Revenue of $14.6M, expenses of $6.4M, and assets of $14.6M (revenue +361.1% year-over-year).
- 2020: Revenue of $3.2M, expenses of $13.4M, and assets of $13.2M (revenue -84.9% year-over-year).
- 2019: Revenue of $21.0M, expenses of $5.8M, and assets of $24.7M (revenue +56.1% year-over-year).
- 2015: Revenue of $13.5M, expenses of $5.5M, and assets of $20.5M (revenue -49.9% year-over-year).
- 2014: Revenue of $26.9M, expenses of $5.3M, and assets of $24.4M (revenue +184.3% year-over-year).
- 2013: Revenue of $9.5M, expenses of $3.1M, and assets of $12.5M (revenue -9.2% year-over-year).
- 2012: Revenue of $10.4M, expenses of $5.4M, and assets of $10.4M (revenue +155.3% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.1M, and assets of $8.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friedman Family Foundation:
Data Sources and Methodology
This transparency report for Friedman Family Foundation 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.