Joseph S & Diane H Steinberg 1992 Charitable Trust
Joseph S & Diane H Steinberg 1992 Charitable Trust consistently distributes millions in grants with zero officer compensation, despite recent fluctuating revenues.
EIN: 137002791 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.9M |
| Total Expenses | $2.9M |
| Program Spending | 99% |
| Net Assets | $45.2M |
| Transparency Score | 95/100 |
Is Joseph S & Diane H Steinberg 1992 Charitable Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joseph S & Diane H Steinberg 1992 Charitable Trust directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joseph S & Diane H Steinberg 1992 Charitable Trust
Joseph S & Diane H Steinberg 1992 Charitable Trust (EIN: 137002791) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $21.9M and total assets of $40.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph S & Diane H Steinberg 1992 Charitable Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joseph S & Diane H Steinberg 1992 Charitable Trust is a large nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -107.8% | -18.3% | -6.1% |
| 2022 | +1384.7% | +107.3% | +12.1% |
| 2021 | -85.0% | -31.2% | -9.6% |
| 2020 | -40.6% | -25.7% | +5.4% |
| 2019 | -63.0% | +0.8% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 S & Diane H Steinberg 1992 Charitable Trust 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Joseph S & Diane H Steinberg 1992 Charitable Trust allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for a trust of this size and nature.
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 S & Diane H Steinberg 1992 Charitable Trust's IRS 990 filings:
- Negative revenue reported in 2023 (-$172,094), indicating potential investment losses.
Strengths
The following positive indicators were identified for Joseph S & Diane H Steinberg 1992 Charitable Trust:
- Consistent zero officer compensation, indicating high efficiency.
- Substantial and stable asset base (over $40 million) for long-term sustainability.
- High percentage of expenses directly allocated to program services (grants).
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Joseph S & Diane H Steinberg 1992 Charitable Trust
Is Joseph S & Diane H Steinberg 1992 Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Joseph S & Diane H Steinberg 1992 Charitable Trust (EIN: 137002791) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Joseph S & Diane H Steinberg 1992 Charitable Trust spend its money?
Joseph S & Diane H Steinberg 1992 Charitable Trust directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joseph S & Diane H Steinberg 1992 Charitable Trust tax-deductible?
Joseph S & Diane H Steinberg 1992 Charitable Trust is registered as a tax-exempt nonprofit (EIN: 137002791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joseph S & Diane H Steinberg 1992 Charitable Trust located?
Joseph S & Diane H Steinberg 1992 Charitable Trust is headquartered in Brooklyn, New York and files with the IRS under EIN 137002791.
How many years of IRS 990 filings does Joseph S & Diane H Steinberg 1992 Charitable Trust have?
Joseph S & Diane H Steinberg 1992 Charitable Trust 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 $21.9M in total revenue.
Is the Joseph S & Diane H Steinberg 1992 Charitable Trust a good charity?
Yes, as a grant-making trust with zero officer compensation and consistent distribution of funds, it appears to be a highly efficient and effective charity for its purpose.
How does the trust manage its administrative costs?
The trust manages administrative costs exceptionally well, reporting 0% officer compensation across all filings, suggesting very low overhead for its grant-making operations.
What caused the negative revenue in 2023?
The negative revenue of $-172,094 in 2023 likely indicates investment losses or significant unrealized losses on assets during that fiscal period, as the trust primarily relies on investment income.
Does the trust have sufficient assets to continue its mission?
Yes, with assets consistently above $40 million, reaching $45,208,428 in 2023, the trust appears to have a robust endowment to continue its grant-making mission.
Filing History
IRS 990 filing history for Joseph S & Diane H Steinberg 1992 Charitable Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joseph S & Diane H Steinberg 1992 Charitable Trust's revenue has declined by 104.3%, moving from $4.0M to $-172,094. Total assets increased by 0.1% over the same period, from $45.1M to $45.2M. Total functional expenses fell by 29.7%, from $4.1M to $2.9M. The organization holds $1 in liabilities against $45.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $45.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-172,094 | $2.9M | $45.2M | $1 | — | — |
| 2022 | $2.2M | $3.6M | $48.2M | $1 | — | View 990 |
| 2021 | $148K | $1.7M | $43.0M | $1 | — | View 990 |
| 2020 | $989K | $2.5M | $47.5M | $1 | — | View 990 |
| 2019 | $1.7M | $3.4M | $45.1M | $1 | — | View 990 |
| 2015 | $4.5M | $3.3M | $48.1M | $0 | — | View 990 |
| 2014 | $4.3M | $3.1M | $49.5M | $1 | — | View 990 |
| 2013 | $7.2M | $4.4M | $49.5M | $1 | — | View 990 |
| 2012 | $7.4M | $3.9M | $47.2M | $0 | — | View 990 |
| 2011 | $4.0M | $4.1M | $45.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-172,094, expenses of $2.9M, and assets of $45.2M (revenue -107.8% year-over-year).
- 2022: Revenue of $2.2M, expenses of $3.6M, and assets of $48.2M (revenue +1384.7% year-over-year).
- 2021: Revenue of $148K, expenses of $1.7M, and assets of $43.0M (revenue -85.0% year-over-year).
- 2020: Revenue of $989K, expenses of $2.5M, and assets of $47.5M (revenue -40.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $3.4M, and assets of $45.1M (revenue -63.0% year-over-year).
- 2015: Revenue of $4.5M, expenses of $3.3M, and assets of $48.1M (revenue +5.3% year-over-year).
- 2014: Revenue of $4.3M, expenses of $3.1M, and assets of $49.5M (revenue -40.8% year-over-year).
- 2013: Revenue of $7.2M, expenses of $4.4M, and assets of $49.5M (revenue -2.6% year-over-year).
- 2012: Revenue of $7.4M, expenses of $3.9M, and assets of $47.2M (revenue +87.0% year-over-year).
- 2011: Revenue of $4.0M, expenses of $4.1M, and assets of $45.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joseph S & Diane H Steinberg 1992 Charitable Trust:
Data Sources and Methodology
This transparency report for Joseph S & Diane H Steinberg 1992 Charitable Trust 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.