Habe Foundation
Habe Foundation shows highly inconsistent revenue, with a recent surge to $128M contrasting historical figures, and no reported officer compensation.
EIN: 201366114 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $128.3M |
| Total Expenses | $915K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $15.7M |
| Transparency Score | 65/100 |
Is Habe Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Habe Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Habe Foundation
Habe Foundation (EIN: 201366114) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $128.3M and total assets of $81.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Habe Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Habe Foundation is a major nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $915K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $15.7M |
| Total Liabilities | $1 |
| Net Assets | $15.7M |
| Operating Margin | 53.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 205.5 months |
Financial Health Grade: A
In 2023, Habe Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 205.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Habe Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +147.7% | +4.8% | +1.5% |
| 2022 | -88.4% | -11.9% | +1.0% |
| 2021 | +3193.6% | +92.1% | +72.9% |
| 2020 | -17.7% | -15.7% | -3.5% |
| 2019 | -28.5% | -16.3% | +28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Habe Foundation with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Habe Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported in any of the provided historical 990 filings, which is unusual for an organization with assets growing to over $15 million and revenues reaching nearly $2 million in its latest historical filing. This could indicate a volunteer-led structure or that compensation is categorized differently, warranting further investigation for full transparency.
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 Habe Foundation's IRS 990 filings:
- Extreme volatility and discrepancy in reported revenue figures, with the 'Latest Revenue' being orders of magnitude higher than historical 990 filings.
- Consistent reporting of $1 in liabilities across all historical filings, which is highly unusual and may obscure financial realities.
- No reported officer compensation in any historical filing, which could indicate a lack of transparency regarding leadership costs or a fully volunteer-led structure for an organization with growing assets.
- Historical periods of deficit spending where expenses exceeded revenue (e.g., 202212, 202012, 201912, 201512, 201412, 201312, 201212).
Strengths
The following positive indicators were identified for Habe Foundation:
- Significant growth in assets, from $8,178,481 in 201112 to $15,671,482 in 202312, indicating financial stability and accumulation of resources.
- Positive financial performance in the latest historical filing (202312), with revenue ($1,981,234) significantly exceeding expenses ($914,993).
- Low reported liabilities, consistently at $1, suggesting minimal debt burden.
Frequently Asked Questions about Habe Foundation
Is Habe Foundation a legitimate charity?
Habe Foundation (EIN: 201366114) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $128.3M. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does Habe Foundation spend its money?
Habe Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Habe Foundation tax-deductible?
Habe Foundation is registered as a tax-exempt nonprofit (EIN: 201366114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Habe Foundation CEO make?
Habe Foundation's highest-compensated officer earns $15 annually. The organization reported $128.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Habe Foundation's spending goes to programs?
Habe Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Habe Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Habe Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Habe Foundation located?
Habe Foundation is headquartered in New York, New York and files with the IRS under EIN 201366114. It is classified under NTEE code T22.
How many years of IRS 990 filings does Habe Foundation have?
Habe Foundation 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 $128.3M in total revenue.
Why is there such a large discrepancy between the 'Latest Revenue' ($128,262,783) and the highest historical revenue ($6,868,341 in 202112)?
The provided 'Latest Revenue' figure is significantly higher than any historical revenue reported in the 990 filings. This could be due to a recent major grant or donation, a change in reporting, or a data entry error. Further investigation into the most recent full 990 filing would be necessary to understand this substantial increase.
How does the Habe Foundation manage to operate with $1 in reported liabilities consistently across all historical filings?
The consistent reporting of $1 in liabilities is highly unusual for any organization. It might indicate a very strong financial position with virtually no debt, or it could be a simplified reporting method for certain types of organizations. It warrants a closer look at the balance sheet details in the full 990 forms.
Is the Habe Foundation primarily volunteer-run, given the 0% officer compensation reported?
The absence of reported officer compensation suggests that the organization may be volunteer-led, or that executive compensation is being reported under other expense categories, such as salaries and wages for program or administrative staff, rather than specifically as officer compensation. This impacts the clarity of leadership costs.
What are the primary program activities of the Habe Foundation, given its NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations)?
As a grantmaking foundation, the Habe Foundation's primary program activities would involve making grants to other organizations or individuals to support charitable causes. The efficiency of its program spending would be measured by the amount of grants distributed relative to its operational costs.
Filing History
IRS 990 filing history for Habe Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Habe Foundation's revenue has declined by 47%, moving from $3.7M to $2.0M. Total assets increased by 91.6% over the same period, from $8.2M to $15.7M. Total functional expenses rose by 127.7%, from $402K to $915K. In its most recent filing year (2023), Habe Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $15.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $915K | $15.7M | $1 | — | — |
| 2022 | $800K | $873K | $15.4M | $1 | — | View 990 |
| 2021 | $6.9M | $991K | $15.3M | $1 | — | View 990 |
| 2020 | $209K | $516K | $8.8M | $1 | — | — |
| 2019 | $253K | $612K | $9.2M | $1 | — | — |
| 2015 | $354K | $731K | $7.2M | $1 | — | View 990 |
| 2014 | $338K | $521K | $7.5M | $1 | — | View 990 |
| 2013 | $328K | $508K | $7.7M | $1 | — | View 990 |
| 2012 | $229K | $517K | $7.9M | $1 | — | View 990 |
| 2011 | $3.7M | $402K | $8.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $915K, and assets of $15.7M (revenue +147.7% year-over-year).
- 2022: Revenue of $800K, expenses of $873K, and assets of $15.4M (revenue -88.4% year-over-year).
- 2021: Revenue of $6.9M, expenses of $991K, and assets of $15.3M (revenue +3193.6% year-over-year).
- 2020: Revenue of $209K, expenses of $516K, and assets of $8.8M (revenue -17.7% year-over-year).
- 2019: Revenue of $253K, expenses of $612K, and assets of $9.2M (revenue -28.5% year-over-year).
- 2015: Revenue of $354K, expenses of $731K, and assets of $7.2M (revenue +4.7% year-over-year).
- 2014: Revenue of $338K, expenses of $521K, and assets of $7.5M (revenue +3.3% year-over-year).
- 2013: Revenue of $328K, expenses of $508K, and assets of $7.7M (revenue +43.0% year-over-year).
- 2012: Revenue of $229K, expenses of $517K, and assets of $7.9M (revenue -93.9% year-over-year).
- 2011: Revenue of $3.7M, expenses of $402K, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Habe Foundation:
Data Sources and Methodology
This transparency report for Habe 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.