Irving M Einbinder Charitable Foundation Incorporated
Irving M Einbinder Charitable Foundation consistently distributes funds, leading to a gradual decline in assets.
EIN: 202061329 · Hagerstown, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $403K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $5.9M |
| Transparency Score | 85/100 |
Is Irving M Einbinder Charitable Foundation Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Irving M Einbinder Charitable Foundation Incorporated directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Irving M Einbinder Charitable Foundation Incorporated
Irving M Einbinder Charitable Foundation Incorporated (EIN: 202061329) is a nonprofit organization based in Hagerstown, MD, classified under NTEE code T22. The organization reported total revenue of $1.8M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Irving M Einbinder Charitable Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Irving M Einbinder Charitable Foundation Incorporated is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $95K |
| Total Expenses | $403K |
| Surplus / Deficit | $-307,767 |
| Total Assets | $5.9M |
| Total Liabilities | $1 |
| Net Assets | $5.9M |
| Operating Margin | -322.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.4 months |
Financial Health Grade: B
In 2023, Irving M Einbinder Charitable Foundation Incorporated reported a deficit of $308K with expenses exceeding revenue, holds 175.4 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), Irving M Einbinder Charitable Foundation Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | -8.4% | -5.1% |
| 2022 | -72.2% | +17.8% | -5.4% |
| 2021 | +146.6% | -0.1% | -1.1% |
| 2020 | -91.0% | +23.6% | -3.7% |
| 2019 | +493.5% | +145.2% | +208.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Irving M Einbinder Charitable Foundation Incorporated 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Irving M Einbinder Charitable Foundation Incorporated 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 $308K, 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 no officers or key employees receive salaries from the foundation. This suggests a highly efficient administrative structure, likely relying on volunteer leadership or external, non-compensated board members, which is commendable for a foundation of its size with assets nearing $6 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 Irving M Einbinder Charitable Foundation Incorporated's IRS 990 filings:
- Consistent decline in total assets over recent years (from $6.88M in 2019 to $5.89M in 2023), indicating sustained capital distribution without equivalent replenishment.
Strengths
The following positive indicators were identified for Irving M Einbinder Charitable Foundation Incorporated:
- Zero officer compensation reported across all filings, indicating highly efficient administrative spending.
- Substantial asset base ($5,892,121 in 2023) providing a strong financial foundation for grant-making.
- Minimal liabilities ($1 across all filings), demonstrating excellent financial stability.
- Consistent distribution of funds (expenses often exceeding revenue), fulfilling its mission as a grant-making foundation.
Frequently Asked Questions about Irving M Einbinder Charitable Foundation Incorporated
Is Irving M Einbinder Charitable Foundation Incorporated a legitimate charity?
Irving M Einbinder Charitable Foundation Incorporated (EIN: 202061329) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Irving M Einbinder Charitable Foundation Incorporated spend its money?
Irving M Einbinder Charitable Foundation Incorporated directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Irving M Einbinder Charitable Foundation Incorporated tax-deductible?
Irving M Einbinder Charitable Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 202061329). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Irving M Einbinder Charitable Foundation Incorporated CEO make?
Irving M Einbinder Charitable Foundation Incorporated's highest-compensated officer earns $6 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Irving M Einbinder Charitable Foundation Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Irving M Einbinder Charitable Foundation Incorporated 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 Irving M Einbinder Charitable Foundation Incorporated located?
Irving M Einbinder Charitable Foundation Incorporated is headquartered in Hagerstown, Maryland and files with the IRS under EIN 202061329. It is classified under NTEE code T22.
How many years of IRS 990 filings does Irving M Einbinder Charitable Foundation Incorporated have?
Irving M Einbinder Charitable Foundation Incorporated 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 $1.8M in total revenue.
Is Irving M Einbinder Charitable Foundation Incorporated a good charity?
Based on the available data, the foundation appears to be a well-managed grant-making entity. It consistently distributes funds (expenses often exceed revenue), maintains substantial assets, and reports no officer compensation, indicating efficient use of resources for its charitable purpose.
Why are expenses often higher than revenue for this organization?
As a private grant-making foundation, it's common for expenses (grants distributed) to exceed annual revenue, especially in years with lower investment returns or when drawing down from the endowment to fulfill its charitable mission. For example, in 2023, revenue was $95,368 while expenses were $403,135.
What is the trend in the foundation's assets?
The foundation's assets have shown a declining trend in recent years, from $6,884,630 in 2019 to $5,892,121 in 2023. This suggests a consistent distribution of funds from its principal, which is typical for a foundation fulfilling its mandate.
Does the foundation have high administrative costs?
The foundation appears to have very low administrative costs, as evidenced by 0% officer compensation reported across all filings. This indicates a highly efficient operational model, likely dedicating nearly all expenses to program-related distributions.
Filing History
IRS 990 filing history for Irving M Einbinder Charitable Foundation Incorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Irving M Einbinder Charitable Foundation Incorporated's revenue has declined by 49.1%, moving from $187K to $95K. Total assets increased by 226.4% over the same period, from $1.8M to $5.9M. Total functional expenses rose by 375.7%, from $85K to $403K. In its most recent filing year (2023), Irving M Einbinder Charitable Foundation Incorporated reported a deficit of $308K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $95K | $403K | $5.9M | $1 | — | — |
| 2022 | $84K | $440K | $6.2M | $1 | — | View 990 |
| 2021 | $302K | $373K | $6.6M | $1 | — | View 990 |
| 2020 | $122K | $374K | $6.6M | $1 | — | — |
| 2019 | $1.4M | $302K | $6.9M | $1 | — | View 990 |
| 2015 | $230K | $123K | $2.2M | $1 | — | View 990 |
| 2014 | $475K | $120K | $2.1M | $1 | — | View 990 |
| 2013 | $74K | $99K | $1.8M | $1 | — | View 990 |
| 2012 | $72K | $83K | $1.8M | $1 | — | View 990 |
| 2011 | $187K | $85K | $1.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $95K, expenses of $403K, and assets of $5.9M (revenue +13.5% year-over-year).
- 2022: Revenue of $84K, expenses of $440K, and assets of $6.2M (revenue -72.2% year-over-year).
- 2021: Revenue of $302K, expenses of $373K, and assets of $6.6M (revenue +146.6% year-over-year).
- 2020: Revenue of $122K, expenses of $374K, and assets of $6.6M (revenue -91.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $302K, and assets of $6.9M (revenue +493.5% year-over-year).
- 2015: Revenue of $230K, expenses of $123K, and assets of $2.2M (revenue -51.6% year-over-year).
- 2014: Revenue of $475K, expenses of $120K, and assets of $2.1M (revenue +543.0% year-over-year).
- 2013: Revenue of $74K, expenses of $99K, and assets of $1.8M (revenue +2.6% year-over-year).
- 2012: Revenue of $72K, expenses of $83K, and assets of $1.8M (revenue -61.6% year-over-year).
- 2011: Revenue of $187K, expenses of $85K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Irving M Einbinder Charitable Foundation Incorporated:
Data Sources and Methodology
This transparency report for Irving M Einbinder Charitable Foundation Incorporated 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.