Herbert And Nell Singer Foundation Inc
Herbert And Nell Singer Foundation consistently distributes more than annual revenue from its substantial endowment.
EIN: 133151548 · Wilmington, DE · Updated: 2026-03-28
Is Herbert And Nell Singer Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Herbert And Nell Singer Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Herbert And Nell Singer Foundation Inc
Herbert And Nell Singer Foundation Inc (EIN: 133151548) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $37.5M and total assets of $60.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herbert And Nell Singer Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herbert And Nell Singer Foundation Inc is a large nonprofit that has been operating for 43 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-1,410,968 |
| Total Assets | $57.7M |
| Total Liabilities | $1 |
| Net Assets | $57.7M |
| Operating Margin | -41.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 144.6 months |
Financial Health Grade: B
In 2023, Herbert And Nell Singer Foundation Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 144.6 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), Herbert And Nell Singer Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.1% | +5.5% | -2.4% |
| 2022 | -54.2% | +13.3% | -3.2% |
| 2021 | +79.2% | +0.3% | +2.7% |
| 2020 | +26.2% | +4.2% | -1.3% |
| 2019 | -16.5% | -6.5% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Herbert And Nell Singer Foundation Inc 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, Herbert And Nell Singer 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 deficit of $1.4M, 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 the foundation's leadership either serves without compensation or that compensation is handled through an external entity not directly reported on the 990, which is highly efficient for an organization of its asset size.
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 Herbert And Nell Singer Foundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue, leading to gradual asset depletion (though typical for foundations, it warrants monitoring for long-term sustainability).
Strengths
The following positive indicators were identified for Herbert And Nell Singer Foundation Inc:
- Strong program spending, as indicated by consistent distributions from its endowment.
- Zero reported officer compensation, suggesting highly efficient administrative costs.
- Substantial asset base (over $57 million in 2023) providing long-term stability.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Minimal liabilities ($1 in recent years), indicating sound financial health.
Frequently Asked Questions about Herbert And Nell Singer Foundation Inc
Is Herbert And Nell Singer Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Herbert And Nell Singer Foundation Inc (EIN: 133151548) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Herbert And Nell Singer Foundation Inc spend its money?
Herbert And Nell Singer Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Herbert And Nell Singer Foundation Inc tax-deductible?
Herbert And Nell Singer Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133151548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Herbert And Nell Singer Foundation Inc a good charity?
Based on the available IRS 990 data, the Herbert And Nell Singer Foundation Inc appears to be a well-managed private foundation. It consistently distributes funds, maintains a substantial asset base, and reports no officer compensation, suggesting high efficiency in its operations. Its consistent spending above revenue indicates active grantmaking from its endowment.
How does the foundation manage its expenses relative to its revenue?
The foundation consistently incurs expenses that exceed its annual revenue. For example, in 2023, expenses were $4,784,904 against revenue of $3,373,936. This indicates a strategy of distributing funds from its existing endowment rather than solely relying on new contributions, which is common for private foundations.
What is the trend in the foundation's assets?
The foundation's assets have seen a gradual decrease over the past decade, from $66,808,102 in 2011 to $57,666,837 in 2023. This trend is consistent with a foundation that is actively distributing grants from its endowment, causing a slow draw-down of its principal.
Filing History
IRS 990 filing history for Herbert And Nell Singer Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Herbert And Nell Singer Foundation Inc's revenue has grown by 41.7%, moving from $2.4M to $3.4M. Total assets decreased by 13.7% over the same period, from $66.8M to $57.7M. Total functional expenses rose by 215.4%, from $1.5M to $4.8M. In its most recent filing year (2023), Herbert And Nell Singer Foundation Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $57.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $57.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $4.8M | $57.7M | $1 | — | View 990 |
| 2022 | $2.6M | $4.5M | $59.1M | $1 | — | View 990 |
| 2021 | $5.6M | $4.0M | $61.0M | $1 | — | View 990 |
| 2020 | $3.1M | $4.0M | $59.4M | $1 | — | — |
| 2019 | $2.5M | $3.8M | $60.2M | $1 | — | — |
| 2015 | $3.0M | $4.1M | $63.6M | $1 | — | View 990 |
| 2014 | $4.3M | $4.1M | $64.7M | $1 | — | View 990 |
| 2013 | $3.7M | $4.2M | $64.5M | $1 | — | View 990 |
| 2012 | $2.0M | $3.8M | $65.0M | $1 | — | View 990 |
| 2011 | $2.4M | $1.5M | $66.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $4.8M, and assets of $57.7M (revenue +31.1% year-over-year).
- 2022: Revenue of $2.6M, expenses of $4.5M, and assets of $59.1M (revenue -54.2% year-over-year).
- 2021: Revenue of $5.6M, expenses of $4.0M, and assets of $61.0M (revenue +79.2% year-over-year).
- 2020: Revenue of $3.1M, expenses of $4.0M, and assets of $59.4M (revenue +26.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $3.8M, and assets of $60.2M (revenue -16.5% year-over-year).
- 2015: Revenue of $3.0M, expenses of $4.1M, and assets of $63.6M (revenue -30.6% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.1M, and assets of $64.7M (revenue +16.6% year-over-year).
- 2013: Revenue of $3.7M, expenses of $4.2M, and assets of $64.5M (revenue +86.2% year-over-year).
- 2012: Revenue of $2.0M, expenses of $3.8M, and assets of $65.0M (revenue -17.1% year-over-year).
- 2011: Revenue of $2.4M, expenses of $1.5M, and assets of $66.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herbert And Nell Singer Foundation Inc:
Data Sources and Methodology
This transparency report for Herbert And Nell Singer 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.