Iris Foundation
Iris Foundation maintains substantial assets and reports no officer compensation, with fluctuating but generally stable revenue.
EIN: 136977690 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.7M |
| Total Expenses | $14.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $90 |
| Net Assets | $82.0M |
| Transparency Score | 85/100 |
Is Iris Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iris Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iris Foundation
Iris Foundation (EIN: 136977690) is a nonprofit organization based in New York, NY. The organization reported total revenue of $14.7M and total assets of $89.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iris Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iris Foundation is a large nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.4M |
| Total Expenses | $14.9M |
| Surplus / Deficit | +$490K |
| Total Assets | $89.0M |
| Total Liabilities | $7.0M |
| Net Assets | $82.0M |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 71.7 months |
Financial Health Grade: A
In 2023, Iris Foundation reported a surplus of $490K with revenue exceeding expenses, holds 71.7 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Iris Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +16.4% | +9.2% |
| 2022 | +12.1% | -14.4% | +-0.0% |
| 2021 | +8.1% | +12.3% | -4.2% |
| 2020 | -28.2% | +2.4% | -3.2% |
| 2019 | +67.0% | +11.3% | -18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Iris Foundation with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Iris Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $490K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving compensation from the organization, which is highly unusual for an organization of this size with assets nearing $90 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 Iris Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
- Significant decline in total assets over the past decade, from over $111 million to $89 million.
Strengths
The following positive indicators were identified for Iris Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency regarding executive pay.
- Substantial asset base ($89,025,142 in 202308) provides financial stability.
- Generally low liabilities, indicating sound financial management.
- Positive net income in the most recent filing (202308), with revenue exceeding expenses.
Frequently Asked Questions about Iris Foundation
Is Iris Foundation a legitimate charity?
Iris Foundation (EIN: 136977690) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $14.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Iris Foundation spend its money?
Iris Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Iris Foundation tax-deductible?
Iris Foundation is registered as a tax-exempt nonprofit (EIN: 136977690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iris Foundation CEO make?
Iris Foundation's highest-compensated officer earns $90 annually. The organization reported $14.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Iris Foundation's spending goes to programs?
Iris Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Iris Foundation located?
Iris Foundation is headquartered in New York, New York and files with the IRS under EIN 136977690.
How many years of IRS 990 filings does Iris Foundation have?
Iris 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 $14.7M in total revenue.
Is Iris Foundation a good charity?
Based on the available data, Iris Foundation appears to be a financially stable organization with substantial assets and a strong commitment to not compensating its officers. However, without detailed program expense breakdowns, it's difficult to fully assess its programmatic impact and efficiency.
How does Iris Foundation manage its liabilities?
Iris Foundation consistently reports very low or zero liabilities in most of its filings, with the exception of 202308 ($7,000,028) and 201508 ($1,000,000), suggesting strong financial management and minimal debt.
What is the trend in Iris Foundation's assets?
Iris Foundation's assets have decreased from a high of $111,141,219 in 201108 to $89,025,142 in 202308, representing a gradual decline over the past decade, though they remain substantial.
Filing History
IRS 990 filing history for Iris Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Iris Foundation's revenue has grown by 36.7%, moving from $11.3M to $15.4M. Total assets decreased by 19.9% over the same period, from $111.1M to $89.0M. Total functional expenses rose by 7.8%, from $13.8M to $14.9M. In its most recent filing year (2023), Iris Foundation reported a surplus of $490K, with revenue exceeding expenses. The organization holds $7.0M in liabilities against $89.0M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $82.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.4M | $14.9M | $89.0M | $7.0M | — | View 990 |
| 2022 | $12.8M | $12.8M | $81.5M | $28 | — | View 990 |
| 2021 | $11.4M | $14.9M | $81.6M | $28 | — | View 990 |
| 2020 | $10.5M | $13.3M | $85.1M | $28 | — | View 990 |
| 2019 | $14.7M | $13.0M | $87.9M | $28 | — | View 990 |
| 2015 | $8.8M | $11.7M | $107.3M | $1.0M | — | View 990 |
| 2014 | $18.5M | $13.7M | $109.2M | $219 | — | View 990 |
| 2013 | $8.9M | $11.2M | $104.4M | $1 | — | View 990 |
| 2012 | $6.4M | $10.9M | $106.6M | $1 | — | View 990 |
| 2011 | $11.3M | $13.8M | $111.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.4M, expenses of $14.9M, and assets of $89.0M (revenue +20.5% year-over-year).
- 2022: Revenue of $12.8M, expenses of $12.8M, and assets of $81.5M (revenue +12.1% year-over-year).
- 2021: Revenue of $11.4M, expenses of $14.9M, and assets of $81.6M (revenue +8.1% year-over-year).
- 2020: Revenue of $10.5M, expenses of $13.3M, and assets of $85.1M (revenue -28.2% year-over-year).
- 2019: Revenue of $14.7M, expenses of $13.0M, and assets of $87.9M (revenue +67.0% year-over-year).
- 2015: Revenue of $8.8M, expenses of $11.7M, and assets of $107.3M (revenue -52.4% year-over-year).
- 2014: Revenue of $18.5M, expenses of $13.7M, and assets of $109.2M (revenue +106.9% year-over-year).
- 2013: Revenue of $8.9M, expenses of $11.2M, and assets of $104.4M (revenue +38.7% year-over-year).
- 2012: Revenue of $6.4M, expenses of $10.9M, and assets of $106.6M (revenue -42.8% year-over-year).
- 2011: Revenue of $11.3M, expenses of $13.8M, and assets of $111.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iris Foundation:
Data Sources and Methodology
This transparency report for Iris 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.