Halcyon Foundation
Halcyon Foundation shows fluctuating revenue and recent deficit spending despite healthy assets and no officer compensation.
EIN: 136059784 · New York, NY · NTEE: A110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $983K |
| Program Spending | 70% |
| Net Assets | $6.9M |
| Transparency Score | 75/100 |
Is Halcyon Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Halcyon Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Halcyon Foundation
Halcyon Foundation (EIN: 136059784) is a nonprofit organization based in New York, NY, classified under NTEE code A110. The organization reported total revenue of $3.3M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Halcyon Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Halcyon Foundation is a mid-size nonprofit that has been operating for 69 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $685K |
| Total Expenses | $983K |
| Surplus / Deficit | $-297,594 |
| Total Assets | $7.2M |
| Total Liabilities | $316K |
| Net Assets | $6.9M |
| Operating Margin | -43.4% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 88.3 months |
Financial Health Grade: B
In 2023, Halcyon Foundation reported a deficit of $298K with expenses exceeding revenue, holds 88.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Halcyon Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.5% | +42.9% | +20.5% |
| 2022 | -64.5% | -38.4% | -37.5% |
| 2021 | +12.6% | +111.5% | +10.6% |
| 2020 | +116.9% | -42.4% | +37.6% |
| 2019 | -4.6% | +64.3% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
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 Halcyon 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Halcyon Foundation 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 $298K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
Halcyon Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a positive sign for minimizing administrative overhead.
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 Halcyon Foundation's IRS 990 filings:
- Expenses exceeded revenue in the last two reported periods (2023 and 2022), indicating deficit spending.
- Significant fluctuations in annual revenue, from $1,467,558 in 2021 to $520,839 in 2022, suggest revenue instability.
Strengths
The following positive indicators were identified for Halcyon Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating low executive overhead.
- Maintained a healthy asset base, with $7,411,682 in the latest period, providing financial stability.
- Demonstrated ability to generate substantial revenue in certain years, such as $1,467,558 in 2021.
Frequently Asked Questions about Halcyon Foundation
Is Halcyon Foundation a legitimate charity?
Halcyon Foundation (EIN: 136059784) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Halcyon Foundation spend its money?
Halcyon Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Halcyon Foundation tax-deductible?
Halcyon Foundation is registered as a tax-exempt nonprofit (EIN: 136059784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Halcyon Foundation's spending goes to programs?
Halcyon Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Halcyon Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Halcyon Foundation is above average for NTEE category A110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Halcyon Foundation located?
Halcyon Foundation is headquartered in New York, New York and files with the IRS under EIN 136059784. It is classified under NTEE code A110.
How many years of IRS 990 filings does Halcyon Foundation have?
Halcyon Foundation 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 $3.3M in total revenue.
Why has Halcyon Foundation experienced deficit spending in the last two reported periods (2023 and 2022)?
In 2023, expenses were $982,551 against revenue of $684,957, and in 2022, expenses were $687,735 against revenue of $520,839. This trend suggests that the organization is spending more than it earns, potentially drawing down on its reserves.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of how the total expenses are allocated among programs, administration, and fundraising. This information is crucial for a complete assessment of spending efficiency.
How does Halcyon Foundation sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that key leadership roles may be filled by volunteers, or compensation is structured in a way that is not reported under 'officer compensation' on the 990 form. This is a notable aspect of its financial model.
Filing History
IRS 990 filing history for Halcyon Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Halcyon Foundation's revenue has grown by 66.3%, moving from $412K to $685K. Total assets increased by 95.7% over the same period, from $3.7M to $7.2M. Total functional expenses rose by 60.8%, from $611K to $983K. In its most recent filing year (2023), Halcyon Foundation reported a deficit of $298K, with expenses exceeding revenue. The organization holds $316K in liabilities against $7.2M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $685K | $983K | $7.2M | $316K | — | — |
| 2022 | $521K | $688K | $6.0M | $368K | — | View 990 |
| 2021 | $1.5M | $1.1M | $9.6M | $8K | — | View 990 |
| 2020 | $1.3M | $528K | $8.7M | $7K | — | View 990 |
| 2019 | $601K | $916K | $6.3M | $16K | — | View 990 |
| 2018 | $630K | $557K | $5.3M | $69K | — | View 990 |
| 2017 | $776K | $1.2M | $5.3M | $7K | — | View 990 |
| 2016 | $973K | $557K | $4.8M | $538 | — | View 990 |
| 2015 | $923K | $517K | $4.3M | $36K | — | View 990 |
| 2014 | $540K | $437K | $4.0M | $11K | — | View 990 |
| 2013 | $540K | $441K | $4.0M | $16K | — | View 990 |
| 2012 | $493K | $615K | $3.8M | $69K | — | View 990 |
| 2011 | $412K | $611K | $3.7M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $685K, expenses of $983K, and assets of $7.2M (revenue +31.5% year-over-year).
- 2022: Revenue of $521K, expenses of $688K, and assets of $6.0M (revenue -64.5% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $9.6M (revenue +12.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $528K, and assets of $8.7M (revenue +116.9% year-over-year).
- 2019: Revenue of $601K, expenses of $916K, and assets of $6.3M (revenue -4.6% year-over-year).
- 2018: Revenue of $630K, expenses of $557K, and assets of $5.3M (revenue -18.9% year-over-year).
- 2017: Revenue of $776K, expenses of $1.2M, and assets of $5.3M (revenue -20.2% year-over-year).
- 2016: Revenue of $973K, expenses of $557K, and assets of $4.8M (revenue +5.4% year-over-year).
- 2015: Revenue of $923K, expenses of $517K, and assets of $4.3M (revenue +70.8% year-over-year).
- 2014: Revenue of $540K, expenses of $437K, and assets of $4.0M (revenue +0.1% year-over-year).
- 2013: Revenue of $540K, expenses of $441K, and assets of $4.0M (revenue +9.5% year-over-year).
- 2012: Revenue of $493K, expenses of $615K, and assets of $3.8M (revenue +19.7% year-over-year).
- 2011: Revenue of $412K, expenses of $611K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Halcyon Foundation:
Data Sources and Methodology
This transparency report for Halcyon 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.