Helen Frankenthaler Foundation Inc
Helen Frankenthaler Foundation maintains robust assets and zero officer compensation amidst fluctuating revenues.
EIN: 133244308 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48.6M |
| Total Expenses | $32.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $173,182,625 |
| Net Assets | $176.1M |
| Transparency Score | 95/100 |
Is Helen Frankenthaler Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Helen Frankenthaler Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Helen Frankenthaler Foundation Inc
Helen Frankenthaler Foundation Inc (EIN: 133244308) is a nonprofit organization based in New York, NY. The organization reported total revenue of $48.6M and total assets of $173.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helen Frankenthaler Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Helen Frankenthaler Foundation Inc is a large nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 53.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.4M |
| Total Expenses | $32.2M |
| Surplus / Deficit | $-12,721,924 |
| Total Assets | $176.1M |
| Total Liabilities | $1 |
| Net Assets | $176.1M |
| Operating Margin | -65.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 65.7 months |
Financial Health Grade: B
In 2023, Helen Frankenthaler Foundation Inc reported a deficit of $12.7M with expenses exceeding revenue, holds 65.7 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), Helen Frankenthaler Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 53.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.9% | +151.2% | +6.0% |
| 2022 | -6.3% | +11.8% | +9.2% |
| 2021 | +294.3% | +64.6% | +11.3% |
| 2020 | -62.6% | -43.9% | -0.1% |
| 2019 | +17.5% | +252.0% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Helen Frankenthaler Foundation Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Helen Frankenthaler Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $12.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the foundation, which is highly unusual for an organization of this size and asset base ($173,182,625).
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 Helen Frankenthaler Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility
- Expenses exceeding revenue in 2023 ($32,170,742 vs. $19,448,818)
Strengths
The following positive indicators were identified for Helen Frankenthaler Foundation Inc:
- Consistently low liabilities (often $1)
- Zero officer compensation reported across all filings
- Substantial and growing asset base ($176,117,159 in 2023)
- Strong financial stability and solvency
Frequently Asked Questions about Helen Frankenthaler Foundation Inc
Is Helen Frankenthaler Foundation Inc a legitimate charity?
Helen Frankenthaler Foundation Inc (EIN: 133244308) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $48.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Helen Frankenthaler Foundation Inc spend its money?
Helen Frankenthaler Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Helen Frankenthaler Foundation Inc tax-deductible?
Helen Frankenthaler Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133244308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Helen Frankenthaler Foundation Inc CEO make?
Helen Frankenthaler Foundation Inc's highest-compensated officer earns $173,182,625 annually. The organization reported $48.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Helen Frankenthaler Foundation Inc located?
Helen Frankenthaler Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133244308.
How many years of IRS 990 filings does Helen Frankenthaler Foundation Inc have?
Helen Frankenthaler Foundation Inc 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 $48.6M in total revenue.
How does the foundation manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership may be entirely volunteer-based or compensated through other entities, which is a notable operational model for an organization with significant assets and activities.
What caused the significant expense increase in 2023 ($32,170,742) compared to previous years?
The 2023 expenses of $32,170,742 represent a substantial increase from prior years (e.g., $12,804,330 in 2022), indicating a potential major program initiative, acquisition, or investment that year, which would warrant further investigation into the specific use of funds.
What is the primary source of the foundation's revenue given its fluctuations?
Revenue has varied widely, from $116,932 in 2011 to $77,326,759 in 2013. This volatility suggests reliance on non-recurring income sources, such as investment gains, art sales, or large individual donations, rather than consistent program service fees.
Filing History
IRS 990 filing history for Helen Frankenthaler Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Helen Frankenthaler Foundation Inc's revenue has grown by 16532.6%, moving from $117K to $19.4M. Total assets increased by 917.7% over the same period, from $17.3M to $176.1M. Total functional expenses rose by 23171.7%, from $138K to $32.2M. In its most recent filing year (2023), Helen Frankenthaler Foundation Inc reported a deficit of $12.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $176.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $176.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.4M | $32.2M | $176.1M | $1 | — | — |
| 2022 | $25.2M | $12.8M | $166.2M | $1 | — | View 990 |
| 2021 | $26.9M | $11.5M | $152.1M | $1 | — | View 990 |
| 2020 | $6.8M | $7.0M | $136.7M | $1 | — | View 990 |
| 2019 | $18.3M | $12.4M | $136.8M | $1 | — | — |
| 2015 | $15.5M | $3.5M | $112.7M | $2K | — | View 990 |
| 2014 | $4.8M | $2.7M | $100.7M | $1 | — | View 990 |
| 2013 | $77.3M | $492K | $98.5M | $0 | — | View 990 |
| 2012 | $4.6M | $175K | $21.7M | $0 | — | View 990 |
| 2011 | $117K | $138K | $17.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.4M, expenses of $32.2M, and assets of $176.1M (revenue -22.9% year-over-year).
- 2022: Revenue of $25.2M, expenses of $12.8M, and assets of $166.2M (revenue -6.3% year-over-year).
- 2021: Revenue of $26.9M, expenses of $11.5M, and assets of $152.1M (revenue +294.3% year-over-year).
- 2020: Revenue of $6.8M, expenses of $7.0M, and assets of $136.7M (revenue -62.6% year-over-year).
- 2019: Revenue of $18.3M, expenses of $12.4M, and assets of $136.8M (revenue +17.5% year-over-year).
- 2015: Revenue of $15.5M, expenses of $3.5M, and assets of $112.7M (revenue +220.8% year-over-year).
- 2014: Revenue of $4.8M, expenses of $2.7M, and assets of $100.7M (revenue -93.7% year-over-year).
- 2013: Revenue of $77.3M, expenses of $492K, and assets of $98.5M (revenue +1596.0% year-over-year).
- 2012: Revenue of $4.6M, expenses of $175K, and assets of $21.7M (revenue +3799.2% year-over-year).
- 2011: Revenue of $117K, expenses of $138K, and assets of $17.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Helen Frankenthaler Foundation Inc:
Data Sources and Methodology
This transparency report for Helen Frankenthaler 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.