Horace W Goldsmith Foundation
Horace W Goldsmith Foundation consistently dedicates over 90% of expenses to programs with no officer compensation.
EIN: 136107758 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $321.2M |
| Total Expenses | $32.1M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $750 |
| Net Assets | $738.8M |
| Transparency Score | 95/100 |
Is Horace W Goldsmith Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horace W Goldsmith Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horace W Goldsmith Foundation
Horace W Goldsmith Foundation (EIN: 136107758) is a nonprofit organization based in New York, NY. The organization reported total revenue of $321.2M and total assets of $826.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horace W Goldsmith Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horace W Goldsmith Foundation is a major nonprofit that has been operating for 69 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.7M |
| Total Expenses | $32.1M |
| Surplus / Deficit | $-7,391,057 |
| Total Assets | $753.4M |
| Total Liabilities | $14.6M |
| Net Assets | $738.8M |
| Operating Margin | -29.9% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 281.8 months |
Financial Health Grade: B
In 2023, Horace W Goldsmith Foundation reported a deficit of $7.4M with expenses exceeding revenue, holds 281.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Horace W Goldsmith Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.4% | -20.1% | +15.7% |
| 2022 | -67.6% | +24.2% | -17.6% |
| 2021 | +236.0% | +21.7% | +15.6% |
| 2020 | -11.9% | -26.0% | +7.9% |
| 2019 | -49.8% | +29.2% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
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 Horace W Goldsmith Foundation 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: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Horace W Goldsmith Foundation allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. 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 $7.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
The Horace W Goldsmith Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is highly unusual for an organization of its size with assets exceeding $750 million, suggesting either a fully volunteer leadership or compensation is structured in a way not reported as officer compensation on the 990, though the latter is less likely given the consistent 0% reporting.
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 Horace W Goldsmith Foundation's IRS 990 filings:
- No officer compensation reported for an organization of this size, which could indicate an unusual operational model or that compensation is structured in a non-standard way not captured in this line item.
Strengths
The following positive indicators were identified for Horace W Goldsmith Foundation:
- Exceptional program spending ratio (95% in 2023), indicating high efficiency.
- Zero reported officer compensation, maximizing funds for charitable purposes.
- Strong and growing asset base, demonstrating financial stability and long-term sustainability.
- Low administrative and fundraising overhead (4% admin, 1% fundraising in 2023).
- Consistent and transparent IRS 990 filing history.
Frequently Asked Questions about Horace W Goldsmith Foundation
Is Horace W Goldsmith Foundation a legitimate charity?
Horace W Goldsmith Foundation (EIN: 136107758) 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: $321.2M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Horace W Goldsmith Foundation spend its money?
Horace W Goldsmith Foundation directs 95% of its spending to programs and services. Fundraising costs 1%. This exceeds the 65% industry benchmark.
Are donations to Horace W Goldsmith Foundation tax-deductible?
Horace W Goldsmith Foundation is registered as a tax-exempt nonprofit (EIN: 136107758). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Horace W Goldsmith Foundation CEO make?
Horace W Goldsmith Foundation's highest-compensated officer earns $750 annually. The organization reported $321.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Horace W Goldsmith Foundation's spending goes to programs?
Horace W Goldsmith Foundation directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Horace W Goldsmith Foundation located?
Horace W Goldsmith Foundation is headquartered in New York, New York and files with the IRS under EIN 136107758.
How many years of IRS 990 filings does Horace W Goldsmith Foundation have?
Horace W Goldsmith 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 $321.2M in total revenue.
Is the Horace W Goldsmith Foundation a good charity?
Based on its financial data, the Horace W Goldsmith Foundation appears to be a very good charity. It consistently allocates a very high percentage (95% in 2023) of its expenses directly to program services, indicating strong efficiency. The organization also reports no officer compensation, further demonstrating its commitment to its mission.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs very effectively, with only 4% of total expenses allocated to administrative functions in 2023. This low ratio is a strong indicator of operational efficiency.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the past decade, increasing from $392,124,459 in 2011 to $753,425,740 in 2023, demonstrating strong financial management and growth in its endowment.
Does the foundation engage in fundraising activities?
Based on the spending breakdown, only 1% of the foundation's expenses are allocated to fundraising. This suggests that the foundation primarily relies on its endowment and investment income rather than extensive public fundraising efforts.
Filing History
IRS 990 filing history for Horace W Goldsmith Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Horace W Goldsmith Foundation's revenue has declined by 41.9%, moving from $42.5M to $24.7M. Total assets increased by 92.1% over the same period, from $392.1M to $753.4M. Total functional expenses rose by 55.2%, from $20.7M to $32.1M. In its most recent filing year (2023), Horace W Goldsmith Foundation reported a deficit of $7.4M, with expenses exceeding revenue. The organization holds $14.6M in liabilities against $753.4M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $738.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.7M | $32.1M | $753.4M | $14.6M | — | View 990 |
| 2022 | $28.8M | $40.2M | $650.9M | $17.6M | — | View 990 |
| 2021 | $88.9M | $32.4M | $789.8M | $13.7M | — | View 990 |
| 2020 | $26.5M | $26.6M | $683.0M | $12.2M | — | View 990 |
| 2019 | $30.0M | $35.9M | $633.1M | $17.2M | — | View 990 |
| 2015 | $59.9M | $27.8M | $554.7M | $13.6M | — | View 990 |
| 2014 | $33.6M | $31.6M | $592.7M | $19.6M | — | View 990 |
| 2013 | $30.8M | $25.1M | $563.4M | $17.0M | — | View 990 |
| 2012 | $19.5M | $22.7M | $440.2M | $15.6M | — | View 990 |
| 2011 | $42.5M | $20.7M | $392.1M | $16.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.7M, expenses of $32.1M, and assets of $753.4M (revenue -14.4% year-over-year).
- 2022: Revenue of $28.8M, expenses of $40.2M, and assets of $650.9M (revenue -67.6% year-over-year).
- 2021: Revenue of $88.9M, expenses of $32.4M, and assets of $789.8M (revenue +236.0% year-over-year).
- 2020: Revenue of $26.5M, expenses of $26.6M, and assets of $683.0M (revenue -11.9% year-over-year).
- 2019: Revenue of $30.0M, expenses of $35.9M, and assets of $633.1M (revenue -49.8% year-over-year).
- 2015: Revenue of $59.9M, expenses of $27.8M, and assets of $554.7M (revenue +78.1% year-over-year).
- 2014: Revenue of $33.6M, expenses of $31.6M, and assets of $592.7M (revenue +9.1% year-over-year).
- 2013: Revenue of $30.8M, expenses of $25.1M, and assets of $563.4M (revenue +57.8% year-over-year).
- 2012: Revenue of $19.5M, expenses of $22.7M, and assets of $440.2M (revenue -54.1% year-over-year).
- 2011: Revenue of $42.5M, expenses of $20.7M, and assets of $392.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horace W Goldsmith Foundation:
Data Sources and Methodology
This transparency report for Horace W Goldsmith 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.