Hadassah Foundation Inc
Hadassah Foundation Inc. shows strong asset growth and low liabilities, with fluctuating but generally increasing revenue and no reported officer compensation.
EIN: 134022483 · New York, NY · NTEE: T700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $19.3M |
| Net Assets | $17.6M |
| Transparency Score | 88/100 |
Is Hadassah Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hadassah Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hadassah Foundation Inc
Hadassah Foundation Inc (EIN: 134022483) is a nonprofit organization based in New York, NY, classified under NTEE code T700. The organization reported total revenue of $3.0M and total assets of $19.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hadassah Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hadassah Foundation Inc is a mid-size nonprofit that has been operating for 27 years, with 13 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 | $2.7M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $17.6M |
| Total Liabilities | $6K |
| Net Assets | $17.6M |
| Operating Margin | 49.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.3 months |
Financial Health Grade: A
In 2023, Hadassah Foundation Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 154.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hadassah Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.5% | -65.6% | +8.2% |
| 2022 | -26.5% | +461.3% | -10.3% |
| 2021 | +97.8% | -12.2% | +13.2% |
| 2020 | +192.5% | +74.8% | +14.8% |
| 2019 | -26.4% | -37.5% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Hadassah Foundation Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hadassah Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Hadassah Foundation Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base ($19.3M). This suggests either a fully volunteer leadership structure or that executive compensation is categorized differently, requiring further scrutiny for complete 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 Hadassah Foundation Inc's IRS 990 filings:
- Unexplained 0% officer compensation across all filings, which is atypical for an organization of this size and could indicate a lack of transparency in reporting executive pay.
- Significant expense spike in 2022 ($3,972,482) far exceeding revenue ($2,072,836) without clear explanation in the provided data, potentially indicating a large one-time investment or operational deficit.
Strengths
The following positive indicators were identified for Hadassah Foundation Inc:
- Consistent and strong asset growth, from $11,928,333 in 2015 to $19,335,204 currently, demonstrating effective financial management and endowment building.
- Very low liabilities relative to assets, indicating strong financial health and minimal debt burden.
- Significant revenue growth in recent years, with 2023 revenue of $2,725,698 being substantially higher than earlier years like $487,223 in 2019.
- Efficient spending in most years, with expenses often well below revenue, allowing for asset accumulation and program investment (e.g., 2023 expenses $1,366,210 vs. revenue $2,725,698).
Frequently Asked Questions about Hadassah Foundation Inc
Is Hadassah Foundation Inc a legitimate charity?
Hadassah Foundation Inc (EIN: 134022483) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Hadassah Foundation Inc spend its money?
Hadassah Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hadassah Foundation Inc tax-deductible?
Hadassah Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134022483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hadassah Foundation Inc CEO make?
Hadassah Foundation Inc's highest-compensated officer earns $19.3M annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hadassah Foundation Inc's spending goes to programs?
Hadassah Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hadassah Foundation Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Hadassah Foundation Inc is above average for NTEE category T700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hadassah Foundation Inc located?
Hadassah Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 134022483. It is classified under NTEE code T700.
How many years of IRS 990 filings does Hadassah Foundation Inc have?
Hadassah Foundation Inc has 13 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 $3.0M in total revenue.
Is Hadassah Foundation Inc. a good charity?
Based on its strong asset growth, low liabilities, and efficient spending in recent years (e.g., 2023 expenses were less than half of revenue), the Hadassah Foundation Inc. appears to be a financially sound organization. The consistent 0% officer compensation reported is a unique aspect that could be viewed positively for efficiency, but also warrants further inquiry for full understanding of leadership compensation.
How does Hadassah Foundation Inc. manage its expenses?
The organization generally manages its expenses well, often spending less than its revenue, as seen in 2023 where expenses were $1,366,210 against $2,725,698 in revenue. However, there was an outlier in 2022 where expenses ($3,972,482) significantly exceeded revenue ($2,072,836), indicating a year of substantial investment or a draw from reserves.
What is the trend in Hadassah Foundation Inc.'s revenue?
Revenue for Hadassah Foundation Inc. has shown significant volatility but an overall upward trend. It ranged from a low of $447,177 in 2016 to a high of $2,819,008 in 2021, with the latest reported revenue at $2,725,698 in 2023, indicating strong fundraising capacity in recent years.
Are there any concerns about the organization's liabilities?
Generally, the organization maintains very low liabilities relative to its assets. For example, in 2023, liabilities were $5,703 against assets of $17,566,344. The highest reported liabilities were $90,775 in 2016, which is still a small fraction of its assets, indicating strong financial stability and low debt.
Filing History
IRS 990 filing history for Hadassah Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hadassah Foundation Inc's revenue has grown by 42%, moving from $1.9M to $2.7M. Total assets increased by 64.7% over the same period, from $10.7M to $17.6M. Total functional expenses rose by 210.7%, from $440K to $1.4M. In its most recent filing year (2023), Hadassah Foundation Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $6K in liabilities against $17.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $17.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $1.4M | $17.6M | $6K | — | — |
| 2022 | $2.1M | $4.0M | $16.2M | $37K | — | View 990 |
| 2021 | $2.8M | $708K | $18.1M | $802 | — | View 990 |
| 2020 | $1.4M | $806K | $16.0M | $426 | — | View 990 |
| 2019 | $487K | $461K | $13.9M | $6K | — | View 990 |
| 2018 | $662K | $738K | $11.9M | $57K | — | View 990 |
| 2017 | $450K | $771K | $12.9M | $87K | — | View 990 |
| 2016 | $447K | $848K | $11.8M | $91K | — | View 990 |
| 2015 | $897K | $756K | $11.9M | $48K | — | View 990 |
| 2014 | $818K | $650K | $12.7M | $60K | — | View 990 |
| 2013 | $1.0M | $463K | $12.6M | $752 | — | View 990 |
| 2012 | $430K | $528K | $11.2M | $5K | — | View 990 |
| 2011 | $1.9M | $440K | $10.7M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $1.4M, and assets of $17.6M (revenue +31.5% year-over-year).
- 2022: Revenue of $2.1M, expenses of $4.0M, and assets of $16.2M (revenue -26.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $708K, and assets of $18.1M (revenue +97.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $806K, and assets of $16.0M (revenue +192.5% year-over-year).
- 2019: Revenue of $487K, expenses of $461K, and assets of $13.9M (revenue -26.4% year-over-year).
- 2018: Revenue of $662K, expenses of $738K, and assets of $11.9M (revenue +47.1% year-over-year).
- 2017: Revenue of $450K, expenses of $771K, and assets of $12.9M (revenue +0.6% year-over-year).
- 2016: Revenue of $447K, expenses of $848K, and assets of $11.8M (revenue -50.2% year-over-year).
- 2015: Revenue of $897K, expenses of $756K, and assets of $11.9M (revenue +9.7% year-over-year).
- 2014: Revenue of $818K, expenses of $650K, and assets of $12.7M (revenue -20.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $463K, and assets of $12.6M (revenue +138.2% year-over-year).
- 2012: Revenue of $430K, expenses of $528K, and assets of $11.2M (revenue -77.6% year-over-year).
- 2011: Revenue of $1.9M, expenses of $440K, and assets of $10.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hadassah Foundation Inc:
Data Sources and Methodology
This transparency report for Hadassah 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.