Hymowitz Family Foundation Tr
Hymowitz Family Foundation Tr shows highly volatile finances with significant revenue and asset growth in its latest filing, alongside zero officer compensation.
EIN: 134089721 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $500K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 75/100 |
Is Hymowitz Family Foundation Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hymowitz Family Foundation Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hymowitz Family Foundation Tr
Hymowitz Family Foundation Tr (EIN: 134089721) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $2.1M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hymowitz Family Foundation Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hymowitz Family Foundation Tr is a mid-size nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $500K |
| Surplus / Deficit | +$1.0M |
| Total Assets | $1.0M |
| Total Liabilities | $1 |
| Net Assets | $1.0M |
| Operating Margin | 67.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 25.1 months |
Financial Health Grade: A
In 2023, Hymowitz Family Foundation Tr reported a surplus of $1.0M with revenue exceeding expenses, holds 25.1 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), Hymowitz Family Foundation Tr's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +561.9% | +109.8% | +7148.0% |
| 2022 | +1836.7% | +36.2% | -33.4% |
| 2021 | -62.3% | -61.4% | -88.3% |
| 2019 | -64935.5% | -100.0% | -17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Hymowitz Family Foundation Tr 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: 90%
- fundraising: 0%
According to IRS 990 filings, Hymowitz Family Foundation Tr 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 surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or directors receive compensation from the foundation, which is highly favorable for a foundation of its size with assets exceeding $1 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 Hymowitz Family Foundation Tr's IRS 990 filings:
- Highly volatile revenue and expense figures across reporting periods, making financial predictability challenging.
- Significant drop in assets from $184,733 in 202006 to $14,408 in 202206, followed by a substantial increase to $1,044,294 in 202306, indicating potential instability or major financial events.
Strengths
The following positive indicators were identified for Hymowitz Family Foundation Tr:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds without executive salary burdens.
- Strong asset growth in the latest reporting period (202306) to over $1 million, suggesting renewed financial health.
- Minimal to no reported liabilities across most filing periods, indicating a strong balance sheet.
Frequently Asked Questions about Hymowitz Family Foundation Tr
Is Hymowitz Family Foundation Tr a legitimate charity?
Hymowitz Family Foundation Tr (EIN: 134089721) 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: $2.1M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Hymowitz Family Foundation Tr spend its money?
Hymowitz Family Foundation Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hymowitz Family Foundation Tr tax-deductible?
Hymowitz Family Foundation Tr is registered as a tax-exempt nonprofit (EIN: 134089721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hymowitz Family Foundation Tr CEO make?
Hymowitz Family Foundation Tr's highest-compensated officer earns $1 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hymowitz Family Foundation Tr compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hymowitz Family Foundation Tr 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 Hymowitz Family Foundation Tr located?
Hymowitz Family Foundation Tr is headquartered in New York, New York and files with the IRS under EIN 134089721. It is classified under NTEE code T22.
How many years of IRS 990 filings does Hymowitz Family Foundation Tr have?
Hymowitz Family Foundation Tr 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 $2.1M in total revenue.
What caused the significant fluctuations in revenue and assets, particularly the negative revenue in 201906 and the asset dip in 202206?
The provided data does not specify the reasons for these dramatic financial swings. Further investigation into the full IRS 990 filings would be necessary to understand the nature of these events, such as large investment losses, significant one-time donations, or changes in operational strategy.
What is the specific grantmaking activity of the Hymowitz Family Foundation Tr?
As a private grantmaking foundation (NTEE T22), its primary mission is to make grants. However, the summary data does not detail the recipients or types of grants made. The full 990 forms would provide this information in Schedule I.
How does the foundation manage its investments, given the asset volatility?
The significant changes in asset values suggest either active investment management or exposure to volatile assets. Without detailed investment schedules from the full 990, it's impossible to assess their investment strategy or risk profile.
Filing History
IRS 990 filing history for Hymowitz Family Foundation Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hymowitz Family Foundation Tr's revenue has grown by 636.2%, moving from $208K to $1.5M. Total assets increased by 42.4% over the same period, from $733K to $1.0M. Total functional expenses rose by 137.2%, from $211K to $500K. In its most recent filing year (2023), Hymowitz Family Foundation Tr reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $500K | $1.0M | $1 | — | View 990 |
| 2022 | $231K | $238K | $14K | $1 | — | View 990 |
| 2021 | $12K | $175K | $22K | $1 | — | View 990 |
| 2020 | $32K | $453K | $185K | $1 | — | View 990 |
| 2019 | $-129,671 | $0 | $606K | $1 | — | View 990 |
| 2015 | $200 | $200 | $736K | $1 | — | View 990 |
| 2014 | $230K | $230K | $736K | $1 | — | View 990 |
| 2013 | $156K | $160K | $736K | $0 | — | View 990 |
| 2012 | $97K | $90K | $740K | $1 | — | View 990 |
| 2011 | $208K | $211K | $733K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $500K, and assets of $1.0M (revenue +561.9% year-over-year).
- 2022: Revenue of $231K, expenses of $238K, and assets of $14K (revenue +1836.7% year-over-year).
- 2021: Revenue of $12K, expenses of $175K, and assets of $22K (revenue -62.3% year-over-year).
- 2020: Revenue of $32K, expenses of $453K, and assets of $185K.
- 2019: Revenue of $-129,671, expenses of $0, and assets of $606K (revenue -64935.5% year-over-year).
- 2015: Revenue of $200, expenses of $200, and assets of $736K (revenue -99.9% year-over-year).
- 2014: Revenue of $230K, expenses of $230K, and assets of $736K (revenue +47.2% year-over-year).
- 2013: Revenue of $156K, expenses of $160K, and assets of $736K (revenue +61.6% year-over-year).
- 2012: Revenue of $97K, expenses of $90K, and assets of $740K (revenue -53.4% year-over-year).
- 2011: Revenue of $208K, expenses of $211K, and assets of $733K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hymowitz Family Foundation Tr:
Data Sources and Methodology
This transparency report for Hymowitz Family Foundation Tr 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.