Jessie Smith Noyes Foundation Inc
Jessie Smith Noyes Foundation consistently disburses more than annual revenue from its substantial endowment.
EIN: 135600408 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.7M |
| Total Expenses | $4.7M |
| Program Spending | 85% |
| Net Assets | $55.7M |
| Transparency Score | 88/100 |
Is Jessie Smith Noyes Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jessie Smith Noyes Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jessie Smith Noyes Foundation Inc
Jessie Smith Noyes Foundation Inc (EIN: 135600408) is a nonprofit organization based in New York, NY. The organization reported total revenue of $11.7M and total assets of $56.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jessie Smith Noyes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jessie Smith Noyes Foundation Inc is a large nonprofit that has been operating for 77 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $949K |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-3,717,867 |
| Total Assets | $55.7M |
| Total Liabilities | $1 |
| Net Assets | $55.7M |
| Operating Margin | -392.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 143.3 months |
Financial Health Grade: B
In 2023, Jessie Smith Noyes Foundation Inc reported a deficit of $3.7M with expenses exceeding revenue, holds 143.3 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), Jessie Smith Noyes Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.4% | -8.6% | +5.0% |
| 2022 | -79.6% | -12.5% | -23.3% |
| 2021 | +31.1% | +38.4% | +5.0% |
| 2020 | +191.2% | +11.3% | +9.9% |
| 2019 | -68.3% | +14.3% | +31.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1949 |
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 Jessie Smith Noyes Foundation Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Jessie Smith Noyes Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $3.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer executive leadership or compensation is categorized under other administrative expenses, which warrants further investigation for complete transparency.
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 Jessie Smith Noyes Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding annual revenue, though typical for foundations, requires ongoing monitoring of endowment health.
- NTEE Code is unknown, which limits understanding of specific programmatic focus without further research.
Strengths
The following positive indicators were identified for Jessie Smith Noyes Foundation Inc:
- Strong asset base of $55,705,644 in 2023, providing financial stability.
- Consistent 0% officer compensation reported, indicating efficient use of funds at the executive level.
- Long history of IRS 990 filings, demonstrating transparency.
- As a grantmaking foundation, a high proportion of expenses are typically directed towards program services (grants).
Frequently Asked Questions about Jessie Smith Noyes Foundation Inc
Is Jessie Smith Noyes Foundation Inc a legitimate charity?
Jessie Smith Noyes Foundation Inc (EIN: 135600408) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 10 years of IRS 990 filings on record. Total revenue: $11.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Jessie Smith Noyes Foundation Inc spend its money?
Jessie Smith Noyes Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jessie Smith Noyes Foundation Inc tax-deductible?
Jessie Smith Noyes Foundation Inc is registered as a tax-exempt nonprofit (EIN: 135600408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jessie Smith Noyes Foundation Inc's spending goes to programs?
Jessie Smith Noyes Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Jessie Smith Noyes Foundation Inc located?
Jessie Smith Noyes Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 135600408.
How many years of IRS 990 filings does Jessie Smith Noyes Foundation Inc have?
Jessie Smith Noyes 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 $11.7M in total revenue.
Is Jessie Smith Noyes Foundation Inc. a good charity?
Based on the available data, the foundation appears to be a well-managed grantmaking organization with a strong asset base and a history of consistent program spending. The 0% officer compensation is a notable positive, indicating a focus on mission over executive salaries.
How does the foundation sustain its operations given recent revenue shortfalls compared to expenses?
As a grantmaking foundation, it primarily sustains its operations and grant disbursements through its substantial endowment. The reported assets of $55,705,644 in 2023 allow it to spend more than its annual revenue, drawing from its investment returns and principal.
What is the trend in the foundation's asset base?
The foundation's assets have shown growth over the long term, increasing from $42,014,610 in 2011 to $55,705,644 in 2023, despite some year-to-year fluctuations (e.g., a peak of $69,197,263 in 2021).
Filing History
IRS 990 filing history for Jessie Smith Noyes Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jessie Smith Noyes Foundation Inc's revenue has declined by 33.1%, moving from $1.4M to $949K. Total assets increased by 32.6% over the same period, from $42.0M to $55.7M. Total functional expenses rose by 43.4%, from $3.3M to $4.7M. In its most recent filing year (2023), Jessie Smith Noyes Foundation Inc reported a deficit of $3.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $55.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $55.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $949K | $4.7M | $55.7M | $1 | — | — |
| 2022 | $1.4M | $5.1M | $53.1M | $1 | — | View 990 |
| 2021 | $7.1M | $5.8M | $69.2M | $1 | — | View 990 |
| 2020 | $5.4M | $4.2M | $65.9M | $1 | — | View 990 |
| 2019 | $1.9M | $3.8M | $60.0M | $1 | — | View 990 |
| 2015 | $5.9M | $3.3M | $45.6M | $41K | — | View 990 |
| 2014 | $4.1M | $3.5M | $42.8M | $14K | — | View 990 |
| 2013 | $4.9M | $3.6M | $42.3M | $41K | — | View 990 |
| 2012 | $2.5M | $3.5M | $41.0M | $8K | — | View 990 |
| 2011 | $1.4M | $3.3M | $42.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $949K, expenses of $4.7M, and assets of $55.7M (revenue -34.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $5.1M, and assets of $53.1M (revenue -79.6% year-over-year).
- 2021: Revenue of $7.1M, expenses of $5.8M, and assets of $69.2M (revenue +31.1% year-over-year).
- 2020: Revenue of $5.4M, expenses of $4.2M, and assets of $65.9M (revenue +191.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $3.8M, and assets of $60.0M (revenue -68.3% year-over-year).
- 2015: Revenue of $5.9M, expenses of $3.3M, and assets of $45.6M (revenue +45.0% year-over-year).
- 2014: Revenue of $4.1M, expenses of $3.5M, and assets of $42.8M (revenue -17.9% year-over-year).
- 2013: Revenue of $4.9M, expenses of $3.6M, and assets of $42.3M (revenue +99.1% year-over-year).
- 2012: Revenue of $2.5M, expenses of $3.5M, and assets of $41.0M (revenue +74.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $3.3M, and assets of $42.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jessie Smith Noyes Foundation Inc:
Data Sources and Methodology
This transparency report for Jessie Smith Noyes 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.