Johnson Street Foundation
Johnson Street Foundation shows significant asset growth despite highly volatile revenue and consistent minimal reported liabilities.
EIN: 137579596 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.7M |
| Total Expenses | $2.0M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $55,456,736 |
| Net Assets | $40.6M |
| Transparency Score | 75/100 |
Is Johnson Street Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Johnson Street Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Johnson Street Foundation
Johnson Street Foundation (EIN: 137579596) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $28.7M and total assets of $55.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Johnson Street Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Johnson Street Foundation is a large nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $40.6M |
| Total Liabilities | $1 |
| Net Assets | $40.6M |
| Operating Margin | 37.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 245.9 months |
Financial Health Grade: A
In 2023, Johnson Street Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 245.9 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), Johnson Street Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +411.3% | -10.9% | +26.1% |
| 2022 | +24.1% | -21.7% | -20.6% |
| 2021 | -2.0% | +50.4% | +14.0% |
| 2020 | -38.8% | -19.2% | +7.7% |
| 2019 | -96.1% | +6.3% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Johnson Street Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Johnson Street Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size and asset base ($55,456,736). This could indicate a fully volunteer-led executive team or that compensation is categorized under other expense lines, warranting further scrutiny 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 Johnson Street Foundation's IRS 990 filings:
- Highly volatile revenue, making operational sustainability difficult to predict (e.g., $21M in 2015 vs. $495K in 2021).
- Consistent reporting of only $1 in liabilities across all filings, which is highly unusual and may indicate incomplete financial disclosure.
- Frequent years where expenses exceeded revenue (e.g., 2022, 2021, 2020, 2019, 2013), suggesting reliance on non-operating income or prior reserves.
Strengths
The following positive indicators were identified for Johnson Street Foundation:
- Significant asset growth from $9.5M in 2011 to $55.4M currently, indicating strong long-term financial management or investment performance.
- Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing executive overhead or a volunteer-driven leadership.
- Ability to maintain and grow assets despite periods of operational deficits, demonstrating financial resilience.
Frequently Asked Questions about Johnson Street Foundation
Is Johnson Street Foundation a legitimate charity?
Johnson Street Foundation (EIN: 137579596) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $28.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Johnson Street Foundation spend its money?
Johnson Street Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Johnson Street Foundation tax-deductible?
Johnson Street Foundation is registered as a tax-exempt nonprofit (EIN: 137579596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Johnson Street Foundation CEO make?
Johnson Street Foundation's highest-compensated officer earns $55,456,736 annually. The organization reported $28.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Johnson Street Foundation's spending goes to programs?
Johnson Street Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Johnson Street Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Johnson Street Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Johnson Street Foundation located?
Johnson Street Foundation is headquartered in New York, New York and files with the IRS under EIN 137579596. It is classified under NTEE code T20.
How many years of IRS 990 filings does Johnson Street Foundation have?
Johnson Street 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 $28.7M in total revenue.
How does Johnson Street Foundation consistently report only $1 in liabilities across all filings?
The consistent reporting of $1 in liabilities is highly unusual and could indicate a unique accounting practice, a specific type of trust or foundation structure, or potentially incomplete reporting. It warrants further investigation to understand the full financial picture.
What is the primary source of funding for Johnson Street Foundation, given its volatile revenue and significant asset growth?
Given the significant fluctuations in annual revenue (e.g., $21M in 2015, then sub-$1M for several years, then $3M in 2023) and substantial asset growth from $9.5M to $55M, it's likely the foundation relies heavily on investment income, large infrequent grants, or endowment distributions rather than consistent operational revenue.
Is the 0% officer compensation truly indicative of no executive pay, or is it reported elsewhere?
While 0% officer compensation is reported, for an organization with assets over $55 million, it's uncommon for all executive leadership to be unpaid. It's possible that compensation is reported under other expense categories (e.g., professional fees, salaries for non-officers) or that the organization is indeed run by entirely volunteer executives.
Filing History
IRS 990 filing history for Johnson Street Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Johnson Street Foundation's revenue has declined by 16.3%, moving from $3.8M to $3.1M. Total assets increased by 324.2% over the same period, from $9.6M to $40.6M. Total functional expenses rose by 477.6%, from $343K to $2.0M. In its most recent filing year (2023), Johnson Street Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $40.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $40.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.0M | $40.6M | $1 | — | — |
| 2022 | $615K | $2.2M | $32.2M | $1 | — | View 990 |
| 2021 | $496K | $2.8M | $40.5M | $1 | — | View 990 |
| 2020 | $506K | $1.9M | $35.6M | $1 | — | View 990 |
| 2019 | $827K | $2.3M | $33.0M | $1 | — | View 990 |
| 2015 | $21.4M | $2.2M | $30.8M | $1 | — | View 990 |
| 2014 | $3.6M | $1.8M | $12.3M | $1 | — | View 990 |
| 2013 | $251K | $2.0M | $10.7M | $1 | — | View 990 |
| 2012 | $2.0M | $490K | $11.6M | $1 | — | View 990 |
| 2011 | $3.8M | $343K | $9.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.0M, and assets of $40.6M (revenue +411.3% year-over-year).
- 2022: Revenue of $615K, expenses of $2.2M, and assets of $32.2M (revenue +24.1% year-over-year).
- 2021: Revenue of $496K, expenses of $2.8M, and assets of $40.5M (revenue -2.0% year-over-year).
- 2020: Revenue of $506K, expenses of $1.9M, and assets of $35.6M (revenue -38.8% year-over-year).
- 2019: Revenue of $827K, expenses of $2.3M, and assets of $33.0M (revenue -96.1% year-over-year).
- 2015: Revenue of $21.4M, expenses of $2.2M, and assets of $30.8M (revenue +491.2% year-over-year).
- 2014: Revenue of $3.6M, expenses of $1.8M, and assets of $12.3M (revenue +1341.9% year-over-year).
- 2013: Revenue of $251K, expenses of $2.0M, and assets of $10.7M (revenue -87.1% year-over-year).
- 2012: Revenue of $2.0M, expenses of $490K, and assets of $11.6M (revenue -48.1% year-over-year).
- 2011: Revenue of $3.8M, expenses of $343K, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Johnson Street Foundation:
Data Sources and Methodology
This transparency report for Johnson Street 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.