Harold & Mimi Steinberg Charitable Trust
Harold & Mimi Steinberg Charitable Trust maintains substantial assets and consistent grantmaking with zero officer compensation.
EIN: 133383348 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.1M |
| Total Expenses | $5.1M |
| Program Spending | 95% |
| Net Assets | $60.9M |
| Transparency Score | 90/100 |
Is Harold & Mimi Steinberg Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harold & Mimi Steinberg Charitable Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harold & Mimi Steinberg Charitable Trust
Harold & Mimi Steinberg Charitable Trust (EIN: 133383348) is a nonprofit organization based in New York, NY. The organization reported total revenue of $14.1M and total assets of $59.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harold & Mimi Steinberg Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harold & Mimi Steinberg Charitable Trust is a large nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.1M |
| Surplus / Deficit | $-286,158 |
| Total Assets | $60.9M |
| Total Liabilities | $1 |
| Net Assets | $60.9M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 144.5 months |
Financial Health Grade: B
In 2023, Harold & Mimi Steinberg Charitable Trust reported a deficit of $286K with expenses exceeding revenue, holds 144.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +437.8% | +47.4% | -0.5% |
| 2022 | -86.3% | -39.3% | -4.0% |
| 2020 | -132.5% | -10.7% | -12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Harold & Mimi Steinberg Charitable Trust with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Harold & Mimi Steinberg Charitable Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $286K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the trust. This is highly favorable, as it means all operational expenses are directed towards administrative overhead or directly to programmatic activities, maximizing the impact of the trust's funds.
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 Harold & Mimi Steinberg Charitable Trust's IRS 990 filings:
- Long-term decline in asset base
Strengths
The following positive indicators were identified for Harold & Mimi Steinberg Charitable Trust:
- Zero officer compensation reported across all filings
- Substantial asset base for sustained grantmaking
- Consistent level of expenses (grantmaking) despite revenue fluctuations
- No apparent fundraising expenses, indicating efficiency
Frequently Asked Questions about Harold & Mimi Steinberg Charitable Trust
Is Harold & Mimi Steinberg Charitable Trust a legitimate charity?
Harold & Mimi Steinberg Charitable Trust (EIN: 133383348) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $14.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Harold & Mimi Steinberg Charitable Trust spend its money?
Harold & Mimi Steinberg Charitable Trust directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Harold & Mimi Steinberg Charitable Trust tax-deductible?
Harold & Mimi Steinberg Charitable Trust is registered as a tax-exempt nonprofit (EIN: 133383348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harold & Mimi Steinberg Charitable Trust located?
Harold & Mimi Steinberg Charitable Trust is headquartered in New York, New York and files with the IRS under EIN 133383348.
How many years of IRS 990 filings does Harold & Mimi Steinberg Charitable Trust have?
Harold & Mimi Steinberg Charitable Trust 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 $14.1M in total revenue.
Is the Harold & Mimi Steinberg Charitable Trust a good charity?
Based on the provided data, the Harold & Mimi Steinberg Charitable Trust appears to be a very good charity. It consistently reports zero officer compensation, maintains substantial assets, and its expenses are primarily directed towards its charitable purpose (grantmaking). The lack of fundraising expenses also suggests efficiency.
How does the trust manage its finances given fluctuating revenue?
The trust manages its finances through its substantial asset base, which was $59,285,819 in the latest period. While revenue fluctuates, including negative periods (e.g., $-2,640,636 in 202012), the trust draws from its endowment to cover expenses, which have ranged from approximately $3.4 million to $9.5 million annually, ensuring consistent grantmaking.
What is the trend in the trust's assets?
The trust's assets have shown a general downward trend over the long term, decreasing from $97,552,304 in 201112 to $59,285,819 in the latest period. However, there have been periods of stabilization and slight increases, such as from $60,933,581 in 202312 to $61,219,739 in 202212, before the latest reported value.
Filing History
IRS 990 filing history for Harold & Mimi Steinberg Charitable Trust showing financial trends over 10 years of public records:
Total assets decreased by 37.5% over the same period, from $97.6M to $60.9M. Total functional expenses fell by 27%, from $6.9M to $5.1M. In its most recent filing year (2023), Harold & Mimi Steinberg Charitable Trust reported a deficit of $286K, with expenses exceeding revenue. The organization holds $1 in liabilities against $60.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $60.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.1M | $60.9M | $1 | — | View 990 |
| 2022 | $888K | $3.4M | $61.2M | $1 | — | View 990 |
| 2021 | $6.5M | $5.7M | $63.7M | $1 | — | View 990 |
| 2020 | $-2,640,636 | $7.3M | $62.9M | $1 | — | View 990 |
| 2019 | $8.1M | $8.1M | $71.9M | $1 | — | — |
| 2015 | $-400,512 | $9.5M | $76.4M | $0 | — | View 990 |
| 2014 | $6.9M | $7.7M | $86.4M | $0 | — | View 990 |
| 2013 | $1.2M | $7.8M | $87.0M | $1 | — | View 990 |
| 2012 | $2.5M | $7.3M | $92.8M | $0 | — | View 990 |
| 2011 | $-4,144,570 | $6.9M | $97.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.1M, and assets of $60.9M (revenue +437.8% year-over-year).
- 2022: Revenue of $888K, expenses of $3.4M, and assets of $61.2M (revenue -86.3% year-over-year).
- 2021: Revenue of $6.5M, expenses of $5.7M, and assets of $63.7M.
- 2020: Revenue of $-2,640,636, expenses of $7.3M, and assets of $62.9M (revenue -132.5% year-over-year).
- 2019: Revenue of $8.1M, expenses of $8.1M, and assets of $71.9M.
- 2015: Revenue of $-400,512, expenses of $9.5M, and assets of $76.4M (revenue -105.8% year-over-year).
- 2014: Revenue of $6.9M, expenses of $7.7M, and assets of $86.4M (revenue +481.0% year-over-year).
- 2013: Revenue of $1.2M, expenses of $7.8M, and assets of $87.0M (revenue -52.7% year-over-year).
- 2012: Revenue of $2.5M, expenses of $7.3M, and assets of $92.8M.
- 2011: Revenue of $-4,144,570, expenses of $6.9M, and assets of $97.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harold & Mimi Steinberg Charitable Trust:
Data Sources and Methodology
This transparency report for Harold & Mimi Steinberg Charitable Trust 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.