Israel Scholarship Education Foundation
Israel Scholarship Education Foundation shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 132909403 · New York, NY · NTEE: Q220 · Updated: 2026-03-28
Is Israel Scholarship Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Israel Scholarship Education Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Israel Scholarship Education Foundation
Israel Scholarship Education Foundation (EIN: 132909403) is a nonprofit organization based in New York, NY, classified under NTEE code Q220. The organization reported total revenue of $2.0M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Israel Scholarship Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Israel Scholarship Education Foundation is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-327,602 |
| Total Assets | $7.6M |
| Total Liabilities | $38K |
| Net Assets | $7.5M |
| Operating Margin | -18.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 42.8 months |
Financial Health Grade: B
In 2023, Israel Scholarship Education Foundation reported a deficit of $328K with expenses exceeding revenue, holds 42.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Israel Scholarship Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.6% | +1.2% | +1.8% |
| 2022 | +96.8% | +18.8% | +10.3% |
| 2021 | +12.9% | -4.5% | +11.7% |
| 2020 | -37.3% | -4.3% | -4.7% |
| 2019 | +50.4% | +0.3% | +20.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Israel Scholarship Education Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Israel Scholarship Education Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $328K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with revenues often exceeding $1.5 million annually.
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 Israel Scholarship Education Foundation's IRS 990 filings:
- Occasional years with expenses exceeding revenue (e.g., 2014, 2023) without immediate explanation in summary data.
Strengths
The following positive indicators were identified for Israel Scholarship Education Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Steady growth in assets over the past decade, from $4,325,492 in 2014 to $7,560,795 in 2023.
- Very low liabilities relative to assets, demonstrating strong financial solvency and stability.
- Long history of IRS 990 filings (13 filings), indicating good transparency and compliance.
- Clear alignment between organization name, NTEE code (Q220 - Scholarship & Financial Aid), and implied mission.
Frequently Asked Questions about Israel Scholarship Education Foundation
Is Israel Scholarship Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Israel Scholarship Education Foundation (EIN: 132909403) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Israel Scholarship Education Foundation spend its money?
Israel Scholarship Education Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Israel Scholarship Education Foundation tax-deductible?
Israel Scholarship Education Foundation is registered as a tax-exempt nonprofit (EIN: 132909403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, or compensation is covered by an affiliated entity, which would require further investigation of the detailed 990 forms.
What caused the expense spikes in 2014 and 2023 that exceeded revenue?
In 2014, expenses were $3,003,670 against $2,320,967 in revenue, and in 2023, expenses were $2,121,689 against $1,794,087 in revenue. These deficits could be due to strategic spending from accumulated reserves, significant one-time program expenditures, or investment losses, which would be detailed in the full 990s.
What is the primary source of the organization's revenue?
While not explicitly stated in the provided summary, for a scholarship foundation, revenue typically comes from contributions, gifts, grants, and potentially investment income. The detailed 990 would specify the breakdown.
Filing History
IRS 990 filing history for Israel Scholarship Education Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Israel Scholarship Education Foundation's revenue has declined by 44.2%, moving from $3.2M to $1.8M. Total assets increased by 32.7% over the same period, from $5.7M to $7.6M. Total functional expenses fell by 36.1%, from $3.3M to $2.1M. In its most recent filing year (2023), Israel Scholarship Education Foundation reported a deficit of $328K, with expenses exceeding revenue. The organization holds $38K in liabilities against $7.6M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.1M | $7.6M | $38K | — | — |
| 2022 | $3.9M | $2.1M | $7.4M | $83K | — | View 990 |
| 2021 | $2.0M | $1.8M | $6.7M | $57K | — | View 990 |
| 2020 | $1.8M | $1.8M | $6.0M | $25K | — | — |
| 2019 | $2.8M | $1.9M | $6.3M | $464K | — | View 990 |
| 2018 | $1.9M | $1.9M | $5.2M | $350K | — | View 990 |
| 2017 | $1.6M | $1.6M | $5.0M | $79K | — | View 990 |
| 2016 | $1.5M | $1.3M | $4.5M | $57K | — | View 990 |
| 2015 | $1.4M | $1.4M | $4.0M | $41K | — | View 990 |
| 2014 | $2.3M | $3.0M | $4.3M | $44K | — | View 990 |
| 2013 | $2.8M | $3.9M | $4.8M | $41K | — | View 990 |
| 2012 | $3.2M | $3.3M | $5.7M | $9K | — | View 990 |
| 2011 | $3.2M | $3.3M | $5.7M | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.1M, and assets of $7.6M (revenue -54.6% year-over-year).
- 2022: Revenue of $3.9M, expenses of $2.1M, and assets of $7.4M (revenue +96.8% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.8M, and assets of $6.7M (revenue +12.9% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.8M, and assets of $6.0M (revenue -37.3% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.9M, and assets of $6.3M (revenue +50.4% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $5.2M (revenue +18.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $5.0M (revenue +7.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $4.5M (revenue +2.2% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $4.0M (revenue -37.9% year-over-year).
- 2014: Revenue of $2.3M, expenses of $3.0M, and assets of $4.3M (revenue -15.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $3.9M, and assets of $4.8M (revenue -13.2% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.3M, and assets of $5.7M (revenue -1.3% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.3M, and assets of $5.7M.
Data Sources and Methodology
This transparency report for Israel Scholarship Education 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.