Jerome L Greene Foundation Inc
Jerome L Greene Foundation maintains robust assets and minimal liabilities with no reported officer compensation.
EIN: 132960852 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51.6M |
| Total Expenses | $37.5M |
| Program Spending | 90% |
| Net Assets | $736.7M |
| Transparency Score | 95/100 |
Is Jerome L Greene Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jerome L Greene Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jerome L Greene Foundation Inc
Jerome L Greene Foundation Inc (EIN: 132960852) is a nonprofit organization based in New York, NY. The organization reported total revenue of $51.6M and total assets of $794.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jerome L Greene Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jerome L Greene Foundation Inc is a major nonprofit that has been operating for 48 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.4M |
| Total Expenses | $37.5M |
| Surplus / Deficit | +$13.9M |
| Total Assets | $736.7M |
| Total Liabilities | $2K |
| Net Assets | $736.7M |
| Operating Margin | 27.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 235.4 months |
Financial Health Grade: A
In 2023, Jerome L Greene Foundation Inc reported a surplus of $13.9M with revenue exceeding expenses, holds 235.4 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), Jerome L Greene Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.7% | +1.1% | +14.2% |
| 2022 | -24.0% | -5.3% | -15.3% |
| 2021 | +222.7% | +6.9% | +11.2% |
| 2020 | -56.1% | +15.1% | +3.5% |
| 2019 | -89.6% | +27.1% | +13.8% |
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 Jerome L Greene Foundation Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Jerome L Greene Foundation Inc 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 $13.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base. This suggests that executive leadership may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, contributing to very low reported administrative costs.
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 Jerome L Greene Foundation Inc's IRS 990 filings:
- Unusually low reported liabilities across all periods, potentially indicating a lack of transparency if certain obligations are not fully captured.
- 0% officer compensation reported across all filings for an organization with nearly $800 million in assets, which is highly atypical and could suggest compensation is structured in a way that avoids this reporting line, or that the foundation is entirely volunteer-led at the executive level.
Strengths
The following positive indicators were identified for Jerome L Greene Foundation Inc:
- Exceptional financial stability with nearly $800 million in assets and consistently minimal liabilities (e.g., $1,760 in 2023).
- Strong program spending, with an estimated 90% of expenses directed towards programs, indicating a high efficiency in delivering on its mission.
- No reported officer compensation, suggesting very low administrative overhead related to executive salaries.
- Consistent growth in assets over the long term, demonstrating effective financial management and investment.
Frequently Asked Questions about Jerome L Greene Foundation Inc
Is Jerome L Greene Foundation Inc a legitimate charity?
Jerome L Greene Foundation Inc (EIN: 132960852) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $51.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Jerome L Greene Foundation Inc spend its money?
Jerome L Greene Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Jerome L Greene Foundation Inc tax-deductible?
Jerome L Greene Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132960852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jerome L Greene Foundation Inc located?
Jerome L Greene Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 132960852.
How many years of IRS 990 filings does Jerome L Greene Foundation Inc have?
Jerome L Greene 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 $51.6M in total revenue.
Is the Jerome L Greene Foundation Inc. a good charity?
Based on the provided financial data, the Jerome L Greene Foundation Inc. appears to be a very strong charity. It boasts substantial assets ($794,304,840), minimal liabilities (e.g., $1,760 in 2023), and consistently reports 0% officer compensation, indicating excellent financial stewardship and a strong focus on its mission without significant overhead for executive pay.
How does the foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses well. In the latest period (202312), expenses were $37,545,844 against revenues of $51,440,146, indicating a surplus. While there have been periods where expenses exceeded revenue (e.g., 202212, 202012), the overall trend shows responsible financial management, especially given its large asset base which can absorb such fluctuations.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth and stability over the years, increasing from $530,729,036 in 2011 to $794,304,840 in the latest period. This consistent growth in assets demonstrates strong financial management and investment strategies, providing a solid base for its philanthropic activities.
Filing History
IRS 990 filing history for Jerome L Greene Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jerome L Greene Foundation Inc's revenue has declined by 89.8%, moving from $506.3M to $51.4M. Total assets increased by 38.8% over the same period, from $530.7M to $736.7M. Total functional expenses rose by 1157.2%, from $3.0M to $37.5M. In its most recent filing year (2023), Jerome L Greene Foundation Inc reported a surplus of $13.9M, with revenue exceeding expenses. The organization holds $2K in liabilities against $736.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $736.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.4M | $37.5M | $736.7M | $2K | — | View 990 |
| 2022 | $33.5M | $37.1M | $645.0M | $1K | — | View 990 |
| 2021 | $44.1M | $39.2M | $761.2M | $2K | — | View 990 |
| 2020 | $13.7M | $36.7M | $684.4M | $2K | — | View 990 |
| 2019 | $31.1M | $31.9M | $661.1M | $3K | — | View 990 |
| 2015 | $299.4M | $25.1M | $580.7M | $1 | — | View 990 |
| 2014 | $5.8M | $14.4M | $306.9M | $1 | — | View 990 |
| 2013 | $18.3M | $102.8M | $316.8M | $1 | — | View 990 |
| 2012 | $9.6M | $139.2M | $401.1M | $1 | — | View 990 |
| 2011 | $506.3M | $3.0M | $530.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.4M, expenses of $37.5M, and assets of $736.7M (revenue +53.7% year-over-year).
- 2022: Revenue of $33.5M, expenses of $37.1M, and assets of $645.0M (revenue -24.0% year-over-year).
- 2021: Revenue of $44.1M, expenses of $39.2M, and assets of $761.2M (revenue +222.7% year-over-year).
- 2020: Revenue of $13.7M, expenses of $36.7M, and assets of $684.4M (revenue -56.1% year-over-year).
- 2019: Revenue of $31.1M, expenses of $31.9M, and assets of $661.1M (revenue -89.6% year-over-year).
- 2015: Revenue of $299.4M, expenses of $25.1M, and assets of $580.7M (revenue +5072.3% year-over-year).
- 2014: Revenue of $5.8M, expenses of $14.4M, and assets of $306.9M (revenue -68.4% year-over-year).
- 2013: Revenue of $18.3M, expenses of $102.8M, and assets of $316.8M (revenue +91.1% year-over-year).
- 2012: Revenue of $9.6M, expenses of $139.2M, and assets of $401.1M (revenue -98.1% year-over-year).
- 2011: Revenue of $506.3M, expenses of $3.0M, and assets of $530.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jerome L Greene Foundation Inc:
Data Sources and Methodology
This transparency report for Jerome L Greene 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.