Joseph Jack Sitt 1986 Charitable Tr
Joseph Jack Sitt 1986 Charitable Tr consistently distributes funds from its endowment with no officer compensation.
EIN: 133406764 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $138K |
| Program Spending | 90% |
| Net Assets | $7.1M |
| Transparency Score | 85/100 |
Is Joseph Jack Sitt 1986 Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joseph Jack Sitt 1986 Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph Jack Sitt 1986 Charitable Tr
Joseph Jack Sitt 1986 Charitable Tr (EIN: 133406764) is a nonprofit organization based in New York, NY. The organization reported total revenue of $4.4M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph Jack Sitt 1986 Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph Jack Sitt 1986 Charitable Tr is a mid-size nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -145.6% | +40.6% | -3.4% |
| 2020 | -89.3% | -2.2% | -2.1% |
| 2019 | -83.3% | -66.3% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Joseph Jack Sitt 1986 Charitable Tr 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Joseph Jack Sitt 1986 Charitable Tr 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient.
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 Joseph Jack Sitt 1986 Charitable Tr's IRS 990 filings:
- Consistent negative revenue in recent years, indicating reliance on asset depletion rather than income generation.
- Unknown NTEE code, which limits detailed comparative analysis of its charitable purpose and efficiency.
Strengths
The following positive indicators were identified for Joseph Jack Sitt 1986 Charitable Tr:
- Consistent 0% officer compensation, demonstrating high efficiency in executive pay.
- Substantial asset base ($7,060,254 in 2023) provides a strong foundation for its charitable activities.
- Low reported expenses relative to asset size, suggesting a lean operational structure.
Frequently Asked Questions about Joseph Jack Sitt 1986 Charitable Tr
Is Joseph Jack Sitt 1986 Charitable Tr a legitimate charity?
Joseph Jack Sitt 1986 Charitable Tr (EIN: 133406764) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Joseph Jack Sitt 1986 Charitable Tr spend its money?
Joseph Jack Sitt 1986 Charitable Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Joseph Jack Sitt 1986 Charitable Tr tax-deductible?
Joseph Jack Sitt 1986 Charitable Tr is registered as a tax-exempt nonprofit (EIN: 133406764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joseph Jack Sitt 1986 Charitable Tr located?
Joseph Jack Sitt 1986 Charitable Tr is headquartered in New York, New York and files with the IRS under EIN 133406764.
How many years of IRS 990 filings does Joseph Jack Sitt 1986 Charitable Tr have?
Joseph Jack Sitt 1986 Charitable Tr 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 $4.4M in total revenue.
Is Joseph Jack Sitt 1986 Charitable Tr actively fundraising?
Based on the consistent negative revenue reported in recent years (e.g., $-395,590 in 2023, $-755,809 in 2022), it appears the organization is not actively fundraising for operational revenue but rather distributing from its existing assets.
What is the primary activity of this organization?
Given the financial patterns, including negative revenue and substantial assets, the organization likely functions as a private grant-making foundation, distributing funds to other charitable causes.
How has the organization's asset base changed over time?
The organization's assets have fluctuated, decreasing from a high of $9,600,274 in 2014 to $7,060,254 in 2023, suggesting ongoing distributions from its capital.
Filing History
IRS 990 filing history for Joseph Jack Sitt 1986 Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joseph Jack Sitt 1986 Charitable Tr's revenue has declined by 314060.3%, moving from $126 to $-395,590. Total assets decreased by 18.1% over the same period, from $8.6M to $7.1M. Total functional expenses fell by 52.7%, from $291K to $138K. The organization holds $1 in liabilities against $7.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-395,590 | $138K | $7.1M | $1 | — | — |
| 2022 | $-755,809 | $134K | $7.6M | $1 | — | View 990 |
| 2021 | $-23,329 | $272K | $8.4M | $1 | — | View 990 |
| 2020 | $51K | $193K | $8.7M | $1 | — | View 990 |
| 2019 | $477K | $197K | $8.9M | $50K | — | — |
| 2015 | $2.9M | $586K | $9.0M | $1 | — | View 990 |
| 2014 | $666K | $695K | $9.6M | $2.8M | — | — |
| 2013 | $46 | $484K | $9.2M | $2.4M | — | View 990 |
| 2012 | $60 | $561K | $9.2M | $1.9M | — | View 990 |
| 2011 | $126 | $291K | $8.6M | $788K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-395,590, expenses of $138K, and assets of $7.1M.
- 2022: Revenue of $-755,809, expenses of $134K, and assets of $7.6M.
- 2021: Revenue of $-23,329, expenses of $272K, and assets of $8.4M (revenue -145.6% year-over-year).
- 2020: Revenue of $51K, expenses of $193K, and assets of $8.7M (revenue -89.3% year-over-year).
- 2019: Revenue of $477K, expenses of $197K, and assets of $8.9M (revenue -83.3% year-over-year).
- 2015: Revenue of $2.9M, expenses of $586K, and assets of $9.0M (revenue +329.2% year-over-year).
- 2014: Revenue of $666K, expenses of $695K, and assets of $9.6M (revenue +1448637.0% year-over-year).
- 2013: Revenue of $46, expenses of $484K, and assets of $9.2M (revenue -23.3% year-over-year).
- 2012: Revenue of $60, expenses of $561K, and assets of $9.2M (revenue -52.4% year-over-year).
- 2011: Revenue of $126, expenses of $291K, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph Jack Sitt 1986 Charitable Tr:
Data Sources and Methodology
This transparency report for Joseph Jack Sitt 1986 Charitable Tr 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.