Friends Of Ir David Inc
Friends Of Ir David Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 113466176 · New York, NY · NTEE: Q122 · Updated: 2026-03-28
Is Friends Of Ir David Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Ir David Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Ir David Inc
Friends Of Ir David Inc (EIN: 113466176) is a nonprofit organization based in New York, NY, classified under NTEE code Q122. The organization reported total revenue of $15.6M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Ir David Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Ir David Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Friends Of Ir David Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with revenues exceeding $24 million in 2023.
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 Friends Of Ir David Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may indicate compensation is paid by an affiliated entity, which could obscure the true cost of executive leadership.
- Significant fluctuations in revenue and expenses year-over-year, such as the drop from $29,978,219 revenue in 2019 to $8,657,861 in 2021, could indicate unpredictable funding streams.
Strengths
The following positive indicators were identified for Friends Of Ir David Inc:
- Strong program spending efficiency implied by 0% officer compensation and significant revenue surpluses in recent years.
- Substantial asset growth, with assets increasing from $1,931,131 in 2021 to $14,519,715 in 2023.
- Positive financial performance in the latest filing (2023), with revenue significantly exceeding expenses ($24,187,388 vs. $13,856,916).
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Friends Of Ir David Inc
Is Friends Of Ir David Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Ir David Inc (EIN: 113466176) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Friends Of Ir David Inc spend its money?
Friends Of Ir David Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Ir David Inc tax-deductible?
Friends Of Ir David Inc is registered as a tax-exempt nonprofit (EIN: 113466176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of Ir David Inc financially stable?
Yes, the organization appears financially stable, especially given its 2023 revenue of $24,187,388 significantly exceeding expenses of $13,856,916, leading to a substantial increase in assets to $14,519,715.
How has the organization's revenue trended over time?
Revenue has fluctuated significantly, ranging from a low of $5,138,788 in 2015 to a high of $29,978,219 in 2019, with a strong rebound to $24,187,388 in 2023 after a dip in 2021.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that either executive roles are filled by volunteers, or compensation is covered by an affiliated entity, which is a notable characteristic for an organization of this scale.
Are the organization's assets growing?
Yes, the organization's assets have shown significant growth, particularly from $1,931,131 in 2021 to $14,519,715 in 2023, indicating effective financial management and accumulation.
Filing History
IRS 990 filing history for Friends Of Ir David Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Friends Of Ir David Inc's revenue has grown by 340%, moving from $5.5M to $24.2M. Total assets increased by 1371.5% over the same period, from $987K to $14.5M. Total functional expenses rose by 194.5%, from $4.7M to $13.9M. In its most recent filing year (2023), Friends Of Ir David Inc reported a surplus of $10.3M, with revenue exceeding expenses. The organization holds $14K in liabilities against $14.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $24.2M | $13.9M | $14.5M | $14K | — | — |
| 2022 | $13.1M | $10.8M | $4.2M | $14K | — | View 990 |
| 2021 | $8.7M | $9.5M | $1.9M | $13K | — | View 990 |
| 2020 | $14.4M | $11.6M | $2.7M | $13K | — | View 990 |
| 2019 | $30.0M | $30.2M | $2.2M | $0 | — | View 990 |
| 2018 | $19.6M | $21.3M | $2.5M | $14K | — | View 990 |
| 2017 | $10.7M | $9.7M | $4.2M | $24K | — | View 990 |
| 2016 | $6.2M | $7.7M | $3.2M | $16K | — | View 990 |
| 2015 | $5.1M | $5.8M | $4.8M | $13K | — | View 990 |
| 2014 | $12.9M | $9.9M | $5.4M | $17K | — | View 990 |
| 2013 | $6.6M | $3.6M | $3.2M | $24K | — | View 990 |
| 2012 | $5.9M | $5.8M | $302K | $28K | — | View 990 |
| 2011 | $6.4M | $7.2M | $237K | $21K | — | View 990 |
| 2010 | $5.5M | $4.7M | $987K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.2M, expenses of $13.9M, and assets of $14.5M (revenue +84.9% year-over-year).
- 2022: Revenue of $13.1M, expenses of $10.8M, and assets of $4.2M (revenue +51.1% year-over-year).
- 2021: Revenue of $8.7M, expenses of $9.5M, and assets of $1.9M (revenue -39.8% year-over-year).
- 2020: Revenue of $14.4M, expenses of $11.6M, and assets of $2.7M (revenue -52.0% year-over-year).
- 2019: Revenue of $30.0M, expenses of $30.2M, and assets of $2.2M (revenue +53.2% year-over-year).
- 2018: Revenue of $19.6M, expenses of $21.3M, and assets of $2.5M (revenue +82.3% year-over-year).
- 2017: Revenue of $10.7M, expenses of $9.7M, and assets of $4.2M (revenue +74.0% year-over-year).
- 2016: Revenue of $6.2M, expenses of $7.7M, and assets of $3.2M (revenue +20.0% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.8M, and assets of $4.8M (revenue -60.3% year-over-year).
- 2014: Revenue of $12.9M, expenses of $9.9M, and assets of $5.4M (revenue +97.4% year-over-year).
- 2013: Revenue of $6.6M, expenses of $3.6M, and assets of $3.2M (revenue +11.3% year-over-year).
- 2012: Revenue of $5.9M, expenses of $5.8M, and assets of $302K (revenue -8.4% year-over-year).
- 2011: Revenue of $6.4M, expenses of $7.2M, and assets of $237K (revenue +16.8% year-over-year).
- 2010: Revenue of $5.5M, expenses of $4.7M, and assets of $987K.
Data Sources and Methodology
This transparency report for Friends Of Ir David 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.