Gary Saltz Foundation Inc
Gary Saltz Foundation Inc. consistently operates with expenses exceeding revenue in recent years, maintaining substantial assets without executive compensation.
EIN: 133267114 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.7M |
| Total Expenses | $1.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $68 |
| Net Assets | $66.8M |
| Transparency Score | 75/100 |
Is Gary Saltz Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gary Saltz Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Gary Saltz Foundation Inc
Gary Saltz Foundation Inc (EIN: 133267114) is a nonprofit organization based in New York, NY. The organization reported total revenue of $28.7M and total assets of $68.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gary Saltz Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gary Saltz Foundation Inc is a large nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-30,377 |
| Total Assets | $67.9M |
| Total Liabilities | $1.1M |
| Net Assets | $66.8M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 425.7 months |
Financial Health Grade: B
In 2023, Gary Saltz Foundation Inc reported a deficit of $30K with expenses exceeding revenue, holds 425.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2023), Gary Saltz Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.1% | -51.6% | -0.5% |
| 2023 | -29.0% | -15.9% | -0.6% |
| 2022 | +8.0% | +16.8% | -0.2% |
| 2021 | +49.1% | -2.0% | +0.3% |
| 2020 | -46.4% | +6.5% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Gary Saltz 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, Gary Saltz 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 $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly efficient for an organization with assets exceeding $68 million.
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 Gary Saltz Foundation Inc's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue in recent periods (e.g., 202312, 202304, 202204, 202104, 202004).
- Lack of NTEE code, which obscures the organization's primary mission and program focus.
- Absence of detailed spending breakdown (program, admin, fundraising) in the provided data, making efficiency analysis difficult.
Strengths
The following positive indicators were identified for Gary Saltz Foundation Inc:
- Zero reported officer compensation across all filings, indicating highly efficient leadership costs.
- Substantial and stable asset base (e.g., $67,912,290 in 202312), providing significant financial reserves.
- Long history of IRS 990 filings (10 filings), suggesting consistent compliance and operation.
Frequently Asked Questions about Gary Saltz Foundation Inc
Is Gary Saltz Foundation Inc a legitimate charity?
Gary Saltz Foundation Inc (EIN: 133267114) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $28.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gary Saltz Foundation Inc spend its money?
Gary Saltz Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Gary Saltz Foundation Inc tax-deductible?
Gary Saltz Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133267114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gary Saltz Foundation Inc CEO make?
Gary Saltz Foundation Inc's highest-compensated officer earns $68 annually. The organization reported $28.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gary Saltz Foundation Inc's spending goes to programs?
Gary Saltz Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Gary Saltz Foundation Inc located?
Gary Saltz Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133267114.
How many years of IRS 990 filings does Gary Saltz Foundation Inc have?
Gary Saltz Foundation Inc 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 $28.7M in total revenue.
How does the Gary Saltz Foundation Inc. cover its operational deficits, given that expenses have frequently exceeded revenue in recent periods (e.g., $1,914,211 expenses vs. $1,883,834 revenue in 202312)?
The organization likely covers its operational deficits by drawing from its substantial asset base, which was $67,912,290 in the latest filing. This suggests a reliance on investment income or principal to sustain operations when revenue falls short.
What are the specific program activities of the Gary Saltz Foundation Inc., as the NTEE code is unknown?
Without an NTEE code or further details from the IRS 990 filings, the specific program activities of the Gary Saltz Foundation Inc. cannot be determined from the provided data. This lack of information is a transparency gap.
What is the long-term strategy for financial sustainability, given the recurring pattern of expenses exceeding revenue?
The provided data does not detail the long-term financial sustainability strategy. While the organization has significant assets, consistent operational deficits could eventually erode the principal if not managed with a clear strategy for revenue generation or expense reduction.
Filing History
IRS 990 filing history for Gary Saltz Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Gary Saltz Foundation Inc's revenue has declined by 57.2%, moving from $4.4M to $1.9M. Total assets increased by 80.8% over the same period, from $37.6M to $67.9M. Total functional expenses fell by 29.2%, from $2.7M to $1.9M. In its most recent filing year (2023), Gary Saltz Foundation Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $67.9M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $66.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $67.9M | $1.1M | — | View 990 |
| 2023 | $2.9M | $4.0M | $68.2M | $1.4M | — | View 990 |
| 2022 | $4.1M | $4.7M | $68.6M | $773K | — | View 990 |
| 2021 | $3.8M | $4.0M | $68.8M | $380K | — | View 990 |
| 2020 | $2.6M | $4.1M | $68.6M | $0 | — | View 990 |
| 2019 | $4.8M | $3.9M | $70.1M | $9K | — | View 990 |
| 2015 | $6.5M | $3.3M | $45.4M | $0 | — | View 990 |
| 2014 | $5.6M | $2.8M | $42.3M | $339 | — | View 990 |
| 2013 | $5.1M | $3.2M | $39.5M | $0 | — | View 990 |
| 2012 | $4.4M | $2.7M | $37.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $67.9M (revenue -36.1% year-over-year).
- 2023: Revenue of $2.9M, expenses of $4.0M, and assets of $68.2M (revenue -29.0% year-over-year).
- 2022: Revenue of $4.1M, expenses of $4.7M, and assets of $68.6M (revenue +8.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $4.0M, and assets of $68.8M (revenue +49.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $4.1M, and assets of $68.6M (revenue -46.4% year-over-year).
- 2019: Revenue of $4.8M, expenses of $3.9M, and assets of $70.1M (revenue -25.9% year-over-year).
- 2015: Revenue of $6.5M, expenses of $3.3M, and assets of $45.4M (revenue +15.4% year-over-year).
- 2014: Revenue of $5.6M, expenses of $2.8M, and assets of $42.3M (revenue +11.1% year-over-year).
- 2013: Revenue of $5.1M, expenses of $3.2M, and assets of $39.5M (revenue +15.0% year-over-year).
- 2012: Revenue of $4.4M, expenses of $2.7M, and assets of $37.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gary Saltz Foundation Inc:
Data Sources and Methodology
This transparency report for Gary Saltz 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.