Howard Gilman Foundation Inc
Howard Gilman Foundation consistently spends more than it earns, drawing on substantial assets.
EIN: 133097486 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $332.0M |
| Total Expenses | $34.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500 |
| Net Assets | $590.7M |
| Transparency Score | 75/100 |
Is Howard Gilman Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Howard Gilman Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Howard Gilman Foundation Inc
Howard Gilman Foundation Inc (EIN: 133097486) is a nonprofit organization based in New York, NY. The organization reported total revenue of $332.0M and total assets of $630.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Howard Gilman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Howard Gilman Foundation Inc is a major nonprofit that has been operating for 45 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.8M |
| Total Expenses | $34.8M |
| Surplus / Deficit | $-8,959,330 |
| Total Assets | $592.7M |
| Total Liabilities | $2.0M |
| Net Assets | $590.7M |
| Operating Margin | -34.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 204.4 months |
Financial Health Grade: B
In 2023, Howard Gilman Foundation Inc reported a deficit of $9.0M with expenses exceeding revenue, holds 204.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Howard Gilman Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.7% | -1.7% | +6.6% |
| 2022 | +166.7% | -1.2% | -16.8% |
| 2021 | -1.2% | -4.9% | +11.3% |
| 2020 | +4.3% | +65.5% | +6.9% |
| 2019 | +452.1% | +57.6% | +70.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Howard Gilman Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Howard Gilman Foundation Inc 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 $9.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the foundation, which is highly unusual for an organization with assets exceeding $500 million.
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 Howard Gilman Foundation Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $34.7M vs. revenue $25.8M)
- Lack of detailed spending breakdown (program vs. admin/fundraising) in provided data to fully assess efficiency
- Unusually low liabilities relative to assets in some periods (e.g., $1 in 2015, 2014, 2013, 2012) which might indicate incomplete reporting or specific financial structures.
Strengths
The following positive indicators were identified for Howard Gilman Foundation Inc:
- Substantial and growing asset base ($592,743,063 in 2023) providing long-term stability
- 0% officer compensation reported, indicating a strong commitment to directing funds to mission
- Consistent IRS 990 filing history, demonstrating transparency
- Significant revenue spikes in some years (e.g., $332M latest revenue, $73M in 2022) indicating potential for large contributions or investment gains.
Frequently Asked Questions about Howard Gilman Foundation Inc
Is Howard Gilman Foundation Inc a legitimate charity?
Howard Gilman Foundation Inc (EIN: 133097486) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $332.0M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Howard Gilman Foundation Inc spend its money?
Howard Gilman Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Howard Gilman Foundation Inc tax-deductible?
Howard Gilman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133097486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Howard Gilman Foundation Inc CEO make?
Howard Gilman Foundation Inc's highest-compensated officer earns $500 annually. The organization reported $332.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Howard Gilman Foundation Inc's spending goes to programs?
Howard Gilman Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Howard Gilman Foundation Inc located?
Howard Gilman Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133097486.
How many years of IRS 990 filings does Howard Gilman Foundation Inc have?
Howard Gilman 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 $332.0M in total revenue.
Is Howard Gilman Foundation Inc. financially sustainable given its recent spending patterns?
While the foundation possesses substantial assets ($592,743,063 in 2023), its consistent trend of expenses exceeding revenue (e.g., $34.7M expenses vs. $25.8M revenue in 2023) suggests it is drawing down on its endowment. This pattern, if continued, could impact long-term sustainability despite the large asset base.
What is the reason for 0% officer compensation?
The filings consistently report 0% officer compensation. This could indicate that officers are volunteers, compensated by a related entity, or that the foundation's structure does not involve paid officers in the traditional sense. Further investigation into the foundation's governance and operational model would be needed to understand this fully.
How has the foundation's asset base changed over time?
The foundation's assets have shown significant growth, from $351,236,770 in 2011 to $592,743,063 in 2023, peaking at $668,352,418 in 2021. This indicates strong investment performance or significant contributions over the long term, despite recent drawdowns.
Filing History
IRS 990 filing history for Howard Gilman Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Howard Gilman Foundation Inc's revenue has grown by 457.1%, moving from $4.6M to $25.8M. Total assets increased by 68.8% over the same period, from $351.2M to $592.7M. Total functional expenses rose by 692.6%, from $4.4M to $34.8M. In its most recent filing year (2023), Howard Gilman Foundation Inc reported a deficit of $9.0M, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $592.7M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $590.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.8M | $34.8M | $592.7M | $2.0M | — | View 990 |
| 2022 | $73.1M | $35.4M | $556.1M | $11.9M | — | View 990 |
| 2021 | $27.4M | $35.8M | $668.4M | $4.8M | — | View 990 |
| 2020 | $27.8M | $37.7M | $600.7M | $3.2M | — | View 990 |
| 2019 | $26.6M | $22.8M | $562.0M | $1.4M | — | View 990 |
| 2015 | $4.8M | $14.4M | $329.0M | $1 | — | View 990 |
| 2014 | $6.6M | $13.2M | $338.7M | $1 | — | View 990 |
| 2013 | $11.6M | $9.4M | $345.3M | $1 | — | View 990 |
| 2012 | $4.1M | $6.8M | $343.2M | $1 | — | View 990 |
| 2011 | $4.6M | $4.4M | $351.2M | $5.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.8M, expenses of $34.8M, and assets of $592.7M (revenue -64.7% year-over-year).
- 2022: Revenue of $73.1M, expenses of $35.4M, and assets of $556.1M (revenue +166.7% year-over-year).
- 2021: Revenue of $27.4M, expenses of $35.8M, and assets of $668.4M (revenue -1.2% year-over-year).
- 2020: Revenue of $27.8M, expenses of $37.7M, and assets of $600.7M (revenue +4.3% year-over-year).
- 2019: Revenue of $26.6M, expenses of $22.8M, and assets of $562.0M (revenue +452.1% year-over-year).
- 2015: Revenue of $4.8M, expenses of $14.4M, and assets of $329.0M (revenue -26.6% year-over-year).
- 2014: Revenue of $6.6M, expenses of $13.2M, and assets of $338.7M (revenue -43.3% year-over-year).
- 2013: Revenue of $11.6M, expenses of $9.4M, and assets of $345.3M (revenue +183.5% year-over-year).
- 2012: Revenue of $4.1M, expenses of $6.8M, and assets of $343.2M (revenue -11.9% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.4M, and assets of $351.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Howard Gilman Foundation Inc:
Data Sources and Methodology
This transparency report for Howard Gilman 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.