Henry Luce Foundation Inc
Henry Luce Foundation maintains over $1 billion in assets with zero reported officer compensation.
EIN: 136001282 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $284.5M |
| Total Expenses | $62.2M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $1.13 |
| Net Assets | $1.0B |
| Transparency Score | 98/100 |
Is Henry Luce Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henry Luce Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry Luce Foundation Inc
Henry Luce Foundation Inc (EIN: 136001282) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $284.5M and total assets of $1.1B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Luce Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry Luce Foundation Inc is a major nonprofit that has been operating for 89 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65.1M |
| Total Expenses | $62.2M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $1.1B |
| Total Liabilities | $46.7M |
| Net Assets | $1.0B |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 210.3 months |
Financial Health Grade: A
In 2023, Henry Luce Foundation Inc reported a surplus of $2.8M with revenue exceeding expenses, holds 210.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 10 years of filings (2010–2023), Henry Luce Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.6% | +4.2% | +1.9% |
| 2022 | +9.0% | +0.3% | -12.7% |
| 2021 | +15.4% | +0.7% | +18.1% |
| 2020 | +170.5% | +12.4% | +11.9% |
| 2019 | -42.0% | +10.3% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1937 |
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 Henry Luce Foundation Inc with a Mission Score of 98 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, Henry Luce Foundation Inc 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 surplus of $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization of this size and asset base ($1.13 billion). This suggests a unique operational model where leadership may be voluntary or compensated through other means not reported as officer compensation on the 990.
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 Henry Luce Foundation Inc's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this scale, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Henry Luce Foundation Inc:
- Exceptional financial stability with over $1 billion in assets.
- Very low liability-to-asset ratio, indicating minimal financial risk.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
- Strong asset growth over the past decade.
- Consistent revenue generation, generally exceeding expenses in recent years.
Frequently Asked Questions about Henry Luce Foundation Inc
Is Henry Luce Foundation Inc a legitimate charity?
Henry Luce Foundation Inc (EIN: 136001282) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 98/100. It has 10 years of IRS 990 filings on record. Total revenue: $284.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Henry Luce Foundation Inc spend its money?
Henry Luce Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Henry Luce Foundation Inc tax-deductible?
Henry Luce Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136001282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Henry Luce Foundation Inc CEO make?
Henry Luce Foundation Inc's highest-compensated officer earns $1.13 annually. The organization reported $284.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Henry Luce Foundation Inc compare to similar nonprofits?
With a transparency score of 98/100 (Excellent), Henry Luce Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Henry Luce Foundation Inc located?
Henry Luce Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136001282. It is classified under NTEE code T22.
How many years of IRS 990 filings does Henry Luce Foundation Inc have?
Henry Luce 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 $284.5M in total revenue.
Is the Henry Luce Foundation Inc. financially stable?
Yes, the foundation is highly financially stable, consistently holding over $1 billion in assets in recent years and maintaining a very low liability-to-asset ratio (e.g., 4.28% in 2023).
How much of its spending goes to programs?
Given the reported 0% officer compensation and the nature of a foundation, it is highly probable that the vast majority, estimated at 95% or more, of its expenses are directed towards programmatic grants and activities, with minimal administrative overhead.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the past decade, increasing from $762,603,542 in 2010 to $1,090,872,427 in 2023, with a peak of $1,226,277,880 in 2021.
Does the foundation have high administrative costs?
Based on the 0% officer compensation reported, administrative costs related to executive salaries are non-existent, suggesting very low overall administrative overhead, likely below 5%.
Is the Henry Luce Foundation Inc. transparent?
Yes, the foundation demonstrates strong transparency through consistent IRS 990 filings and the clear reporting of 0% officer compensation, which is a highly transparent practice.
Filing History
IRS 990 filing history for Henry Luce Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), Henry Luce Foundation Inc's revenue has grown by 161.2%, moving from $24.9M to $65.1M. Total assets increased by 43% over the same period, from $762.6M to $1.1B. Total functional expenses rose by 64.6%, from $37.8M to $62.2M. In its most recent filing year (2023), Henry Luce Foundation Inc reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $46.7M in liabilities against $1.1B in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $1.0B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65.1M | $62.2M | $1.1B | $46.7M | — | — |
| 2022 | $92.4M | $59.7M | $1.1B | $44.8M | — | View 990 |
| 2021 | $84.8M | $59.6M | $1.2B | $39.8M | — | View 990 |
| 2020 | $73.5M | $59.2M | $1.0B | $38.6M | — | View 990 |
| 2019 | $27.2M | $52.6M | $927.5M | $29.7M | — | — |
| 2014 | $46.9M | $47.7M | $873.0M | $27.4M | — | View 990 |
| 2013 | $29.2M | $46.1M | $867.4M | $27.3M | — | View 990 |
| 2012 | $47.7M | $41.1M | $764.4M | $25.5M | — | View 990 |
| 2011 | $51.0M | $38.6M | $713.1M | $25.1M | — | View 990 |
| 2010 | $24.9M | $37.8M | $762.6M | $25.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65.1M, expenses of $62.2M, and assets of $1.1B (revenue -29.6% year-over-year).
- 2022: Revenue of $92.4M, expenses of $59.7M, and assets of $1.1B (revenue +9.0% year-over-year).
- 2021: Revenue of $84.8M, expenses of $59.6M, and assets of $1.2B (revenue +15.4% year-over-year).
- 2020: Revenue of $73.5M, expenses of $59.2M, and assets of $1.0B (revenue +170.5% year-over-year).
- 2019: Revenue of $27.2M, expenses of $52.6M, and assets of $927.5M (revenue -42.0% year-over-year).
- 2014: Revenue of $46.9M, expenses of $47.7M, and assets of $873.0M (revenue +60.6% year-over-year).
- 2013: Revenue of $29.2M, expenses of $46.1M, and assets of $867.4M (revenue -38.9% year-over-year).
- 2012: Revenue of $47.7M, expenses of $41.1M, and assets of $764.4M (revenue -6.4% year-over-year).
- 2011: Revenue of $51.0M, expenses of $38.6M, and assets of $713.1M (revenue +104.8% year-over-year).
- 2010: Revenue of $24.9M, expenses of $37.8M, and assets of $762.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry Luce Foundation Inc:
Data Sources and Methodology
This transparency report for Henry Luce 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.