Harry Frank Guggenheim Foundation
Harry Frank Guggenheim Foundation maintains strong asset base despite fluctuating revenues and reports no officer compensation.
EIN: 136043471 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $4.7M |
| Program Spending | 85% |
| Net Assets | $70.2M |
| Transparency Score | 90/100 |
Is Harry Frank Guggenheim Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harry Frank Guggenheim Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harry Frank Guggenheim Foundation
Harry Frank Guggenheim Foundation (EIN: 136043471) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.6M and total assets of $73.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harry Frank Guggenheim Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harry Frank Guggenheim Foundation is a mid-size nonprofit that has been operating for 91 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-1,047,466 |
| Total Assets | $70.2M |
| Total Liabilities | $1 |
| Net Assets | $70.2M |
| Operating Margin | -28.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.7 months |
Financial Health Grade: B
In 2023, Harry Frank Guggenheim Foundation reported a deficit of $1.0M with expenses exceeding revenue, holds 179.7 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), Harry Frank Guggenheim Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +166.9% | +9.3% | +6.8% |
| 2022 | -84.5% | +16.2% | -20.5% |
| 2021 | +265.3% | +8.6% | +14.1% |
| 2020 | -28.3% | -10.4% | +11.6% |
| 2019 | -34.0% | -7.6% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1935 |
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 Harry Frank Guggenheim Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Harry Frank Guggenheim Foundation 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 deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Harry Frank Guggenheim Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-officer channels, which is a strong positive for financial transparency and resource allocation.
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 Harry Frank Guggenheim Foundation's IRS 990 filings:
- Expenses consistently exceed revenue in recent years (e.g., 2023: Revenue $3.6M, Expenses $4.6M; 2022: Revenue $1.3M, Expenses $4.2M), indicating reliance on asset drawdowns or prior year surpluses.
Strengths
The following positive indicators were identified for Harry Frank Guggenheim Foundation:
- Strong and stable asset base, reaching $70,151,428 in 2023, providing long-term financial security.
- Consistent reporting of 0% officer compensation, indicating high transparency and efficient use of funds.
- Minimal liabilities ($1 in recent years) demonstrating excellent financial management and low risk.
- Long history of operations with consistent filing of IRS 990 data, showing commitment to transparency.
Frequently Asked Questions about Harry Frank Guggenheim Foundation
Is Harry Frank Guggenheim Foundation a legitimate charity?
Harry Frank Guggenheim Foundation (EIN: 136043471) 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: $3.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Harry Frank Guggenheim Foundation spend its money?
Harry Frank Guggenheim Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harry Frank Guggenheim Foundation tax-deductible?
Harry Frank Guggenheim Foundation is registered as a tax-exempt nonprofit (EIN: 136043471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harry Frank Guggenheim Foundation's spending goes to programs?
Harry Frank Guggenheim Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Harry Frank Guggenheim Foundation located?
Harry Frank Guggenheim Foundation is headquartered in New York, New York and files with the IRS under EIN 136043471.
How many years of IRS 990 filings does Harry Frank Guggenheim Foundation have?
Harry Frank Guggenheim 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 $3.6M in total revenue.
Is the Harry Frank Guggenheim Foundation financially stable?
Yes, the foundation is financially stable, evidenced by its substantial assets of $70,151,428 in 2023, which provide a strong buffer against fluctuating annual revenues.
How does the foundation manage executive compensation?
The foundation reports 0% officer compensation in all available filings, suggesting a highly efficient use of funds with no direct compensation to officers reported on the 990 forms.
What is the trend in the foundation's assets?
The foundation's assets have generally grown over the past decade, from $72,338,685 in 2011 to $70,151,428 in 2023, demonstrating long-term financial growth and stability, despite some year-to-year fluctuations.
Does the foundation have significant liabilities?
No, the foundation consistently reports minimal liabilities, often $1 in recent years, indicating very strong financial health and low financial risk.
How efficient is the foundation's spending?
Given its nature as a grant-making foundation and the absence of officer compensation, the foundation appears highly efficient, with a significant portion of its expenses likely directed towards its programmatic mission.
Filing History
IRS 990 filing history for Harry Frank Guggenheim Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harry Frank Guggenheim Foundation's revenue has grown by 210.6%, moving from $1.2M to $3.6M. Total assets decreased by 3% over the same period, from $72.3M to $70.2M. Total functional expenses rose by 25.4%, from $3.7M to $4.7M. In its most recent filing year (2023), Harry Frank Guggenheim Foundation reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $70.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $70.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $4.7M | $70.2M | $1 | — | View 990 |
| 2022 | $1.4M | $4.3M | $65.7M | $1 | — | View 990 |
| 2021 | $8.8M | $3.7M | $82.6M | $1 | — | View 990 |
| 2020 | $2.4M | $3.4M | $72.4M | $1 | — | — |
| 2019 | $3.4M | $3.8M | $64.8M | $1 | — | View 990 |
| 2015 | $5.1M | $4.1M | $60.4M | $0 | — | View 990 |
| 2014 | $5.9M | $4.5M | $61.7M | $0 | — | View 990 |
| 2013 | $5.0M | $4.5M | $61.9M | $0 | — | View 990 |
| 2012 | $2.6M | $4.0M | $58.5M | $0 | — | View 990 |
| 2011 | $1.2M | $3.7M | $72.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $4.7M, and assets of $70.2M (revenue +166.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $4.3M, and assets of $65.7M (revenue -84.5% year-over-year).
- 2021: Revenue of $8.8M, expenses of $3.7M, and assets of $82.6M (revenue +265.3% year-over-year).
- 2020: Revenue of $2.4M, expenses of $3.4M, and assets of $72.4M (revenue -28.3% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.8M, and assets of $64.8M (revenue -34.0% year-over-year).
- 2015: Revenue of $5.1M, expenses of $4.1M, and assets of $60.4M (revenue -13.1% year-over-year).
- 2014: Revenue of $5.9M, expenses of $4.5M, and assets of $61.7M (revenue +16.4% year-over-year).
- 2013: Revenue of $5.0M, expenses of $4.5M, and assets of $61.9M (revenue +96.5% year-over-year).
- 2012: Revenue of $2.6M, expenses of $4.0M, and assets of $58.5M (revenue +119.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $3.7M, and assets of $72.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harry Frank Guggenheim Foundation:
Data Sources and Methodology
This transparency report for Harry Frank Guggenheim 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.