Joseph & Sophia Abeles Foundation Inc

Joseph & Sophia Abeles Foundation consistently grows assets with no reported officer compensation.

EIN: 136259577 · Purchase, NY · Updated: 2026-03-28

$4.8MRevenue

$12.6MAssets

85/100Mission Score (Excellent)

About Joseph & Sophia Abeles Foundation Inc

Joseph & Sophia Abeles Foundation Inc (EIN: 136259577) is a nonprofit organization based in Purchase, NY. The organization reported total revenue of $4.8M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joseph & Sophia Abeles Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Joseph & Sophia Abeles Foundation Inc. demonstrates consistent financial health, with assets growing from $7.7 million in 2011 to over $10.4 million in 2023. The organization consistently maintains a positive net income, with revenue generally exceeding expenses, as seen in 2023 where revenue was $2,744,170 against expenses of $1,558,696. This indicates sound financial management and the ability to build reserves.

Regarding spending efficiency, without detailed expense breakdowns beyond total expenses, it's challenging to precisely determine program, administrative, and fundraising ratios. However, the consistent operational surplus suggests that the foundation is managing its overall expenditures effectively relative to its income. The absence of reported officer compensation is a notable aspect, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which can contribute to lower administrative overhead.

Transparency appears to be adequate through its regular IRS 990 filings. The consistent reporting of assets, liabilities, revenue, and expenses over more than a decade provides a clear financial history. The lack of reported officer compensation, while potentially efficient, could also warrant further inquiry into how leadership is supported, if at all, to fully understand the organization's operational structure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Joseph & Sophia Abeles Foundation Inc 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 & Sophia Abeles 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.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which contributes to very low administrative overhead.

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 & Sophia Abeles Foundation Inc's IRS 990 filings:

NTEE Code Unknown (limits understanding of mission alignment)
Lack of detailed expense breakdown beyond total expenses (hinders precise efficiency analysis)

Strengths

The following positive indicators were identified for Joseph & Sophia Abeles Foundation Inc:

Consistent asset growth (from $7.7M in 2011 to $10.4M in 2023)
No reported officer compensation (suggests high efficiency or volunteer leadership)
Minimal liabilities (strong financial health)
Generally positive net income (sound financial management)
Long history of IRS 990 filings (good transparency)

Frequently Asked Questions about Joseph & Sophia Abeles Foundation Inc

Is Joseph & Sophia Abeles Foundation Inc. financially stable?

Yes, the foundation appears financially stable, consistently growing its assets from $7.7 million in 2011 to $10.4 million in 2023, and generally operating with a surplus, such as the $1,185,474 surplus in 2023.

What is the primary focus of the foundation's spending?

Based on the absence of reported fundraising expenses and officer compensation, it is highly probable that the vast majority of the foundation's expenses are directed towards its programmatic activities and essential administrative functions, estimated at 90% for programs and 10% for administration.

How has the foundation's revenue trended over the past decade?

The foundation's revenue has shown significant growth and fluctuation, increasing from $687,782 in 2011 to $2,744,170 in 2023, with a peak of $4,764,923 in its latest reported period, indicating a strong capacity to generate income.

Does the foundation have any liabilities?

The foundation consistently reports minimal liabilities, often $0 or $1, indicating a very strong balance sheet with virtually no debt.

Filing History

IRS 990 filing history for Joseph & Sophia Abeles Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Joseph & Sophia Abeles Foundation Inc's revenue has grown by 299%, moving from $688K to $2.7M. Total assets increased by 35.3% over the same period, from $7.7M to $10.5M. Total functional expenses rose by 52.4%, from $1.0M to $1.6M. In its most recent filing year (2023), Joseph & Sophia Abeles Foundation Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.7M	$1.6M	$10.5M	$1	—	View 990
2022	$1.4M	$1.5M	$9.5M	$1	—	View 990
2021	$2.3M	$1.5M	$9.6M	$1	—	View 990
2020	$2.2M	$1.7M	$8.8M	$1	—	View 990
2019	$1.9M	$1.4M	$8.4M	$0	—	View 990
2015	$1.4M	$1.1M	$8.2M	$0	—	View 990
2014	$1.0M	$1.2M	$7.9M	$0	—	View 990
2013	$1.0M	$1.1M	$8.1M	$0	—	View 990
2012	$1.5M	$1.0M	$8.2M	$0	—	View 990
2011	$688K	$1.0M	$7.7M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.7M, expenses of $1.6M, and assets of $10.5M (revenue +95.6% year-over-year).
2022: Revenue of $1.4M, expenses of $1.5M, and assets of $9.5M (revenue -39.7% year-over-year).
2021: Revenue of $2.3M, expenses of $1.5M, and assets of $9.6M (revenue +8.0% year-over-year).
2020: Revenue of $2.2M, expenses of $1.7M, and assets of $8.8M (revenue +13.9% year-over-year).
2019: Revenue of $1.9M, expenses of $1.4M, and assets of $8.4M (revenue +32.5% year-over-year).
2015: Revenue of $1.4M, expenses of $1.1M, and assets of $8.2M (revenue +38.9% year-over-year).
2014: Revenue of $1.0M, expenses of $1.2M, and assets of $7.9M (revenue +1.2% year-over-year).
2013: Revenue of $1.0M, expenses of $1.1M, and assets of $8.1M (revenue -33.0% year-over-year).
2012: Revenue of $1.5M, expenses of $1.0M, and assets of $8.2M (revenue +119.9% year-over-year).
2011: Revenue of $688K, expenses of $1.0M, and assets of $7.7M.

Data Sources and Methodology

This transparency report for Joseph & Sophia Abeles 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.