Josiah Macy Jr Foundation
Josiah Macy Jr Foundation consistently spends more than annual revenue, relying on substantial assets.
EIN: 135596895 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38.5M |
| Total Expenses | $9.1M |
| Program Spending | 90% |
| Net Assets | $139.9M |
| Transparency Score | 85/100 |
Is Josiah Macy Jr Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Josiah Macy Jr Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Josiah Macy Jr Foundation
Josiah Macy Jr Foundation (EIN: 135596895) is a nonprofit organization based in New York, NY. The organization reported total revenue of $38.5M and total assets of $147.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Josiah Macy Jr Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Josiah Macy Jr Foundation is a large nonprofit that has been operating for 96 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $9.1M |
| Surplus / Deficit | $-1,296,484 |
| Total Assets | $141.3M |
| Total Liabilities | $1.5M |
| Net Assets | $139.9M |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 185.7 months |
Financial Health Grade: B
In 2023, Josiah Macy Jr Foundation reported a deficit of $1.3M with expenses exceeding revenue, holds 185.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Josiah Macy Jr Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.6% | +1.7% | +0.4% |
| 2022 | +91.1% | +0.3% | -11.3% |
| 2021 | +231.0% | +16.6% | +24.3% |
| 2020 | -68.2% | -22.4% | -5.0% |
| 2019 | +64.4% | +9.5% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1930 |
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 Josiah Macy Jr Foundation 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, Josiah Macy Jr Foundation 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:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual and suggests a volunteer-led or externally funded executive structure.
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 Josiah Macy Jr Foundation's IRS 990 filings:
- Consistent expenses exceeding revenue, indicating reliance on asset drawdowns for operations.
Strengths
The following positive indicators were identified for Josiah Macy Jr Foundation:
- Substantial asset base ($147,192,747 latest) provides long-term financial stability.
- Consistently low liabilities relative to assets, indicating a strong balance sheet.
- 0% officer compensation reported across all filings, suggesting high efficiency in executive costs.
- Strong program focus implied by the absence of fundraising expenses and low administrative overhead.
Frequently Asked Questions about Josiah Macy Jr Foundation
Is Josiah Macy Jr Foundation a legitimate charity?
Josiah Macy Jr Foundation (EIN: 135596895) 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: $38.5M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Josiah Macy Jr Foundation spend its money?
Josiah Macy Jr Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Josiah Macy Jr Foundation tax-deductible?
Josiah Macy Jr Foundation is registered as a tax-exempt nonprofit (EIN: 135596895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Josiah Macy Jr Foundation located?
Josiah Macy Jr Foundation is headquartered in New York, New York and files with the IRS under EIN 135596895.
How many years of IRS 990 filings does Josiah Macy Jr Foundation have?
Josiah Macy Jr 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 $38.5M in total revenue.
Is Josiah Macy Jr Foundation a good charity?
Based on the available data, the foundation appears to be a financially stable organization with a strong balance sheet and a clear commitment to its mission, evidenced by its consistent spending and 0% officer compensation. Its reliance on asset drawdowns for operations is typical for a grant-making foundation.
How does the foundation sustain its operations given consistent expense over revenue?
The foundation sustains its operations by drawing from its significant asset base, which was $147,192,747 in the latest period. This is a common practice for endowed foundations.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the foundation operates with a very lean administrative structure.
Filing History
IRS 990 filing history for Josiah Macy Jr Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Josiah Macy Jr Foundation's revenue has grown by 41.2%, moving from $5.6M to $7.8M. Total assets decreased by 8.2% over the same period, from $154.0M to $141.3M. Total functional expenses rose by 0.3%, from $9.1M to $9.1M. In its most recent filing year (2023), Josiah Macy Jr Foundation reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $141.3M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $139.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $9.1M | $141.3M | $1.5M | — | — |
| 2022 | $15.2M | $9.0M | $140.8M | $1.8M | — | View 990 |
| 2021 | $8.0M | $8.9M | $158.6M | $2.4M | — | View 990 |
| 2020 | $2.4M | $7.7M | $127.6M | $884K | — | View 990 |
| 2019 | $7.6M | $9.9M | $134.4M | $824K | — | View 990 |
| 2015 | $4.6M | $9.0M | $142.6M | $980K | — | View 990 |
| 2014 | $8.4M | $9.8M | $153.9M | $1.1M | — | View 990 |
| 2013 | $5.3M | $9.7M | $144.0M | $861K | — | View 990 |
| 2012 | $11.3M | $8.6M | $138.0M | $848K | — | View 990 |
| 2011 | $5.6M | $9.1M | $154.0M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $9.1M, and assets of $141.3M (revenue -48.6% year-over-year).
- 2022: Revenue of $15.2M, expenses of $9.0M, and assets of $140.8M (revenue +91.1% year-over-year).
- 2021: Revenue of $8.0M, expenses of $8.9M, and assets of $158.6M (revenue +231.0% year-over-year).
- 2020: Revenue of $2.4M, expenses of $7.7M, and assets of $127.6M (revenue -68.2% year-over-year).
- 2019: Revenue of $7.6M, expenses of $9.9M, and assets of $134.4M (revenue +64.4% year-over-year).
- 2015: Revenue of $4.6M, expenses of $9.0M, and assets of $142.6M (revenue -45.1% year-over-year).
- 2014: Revenue of $8.4M, expenses of $9.8M, and assets of $153.9M (revenue +58.7% year-over-year).
- 2013: Revenue of $5.3M, expenses of $9.7M, and assets of $144.0M (revenue -53.0% year-over-year).
- 2012: Revenue of $11.3M, expenses of $8.6M, and assets of $138.0M (revenue +102.7% year-over-year).
- 2011: Revenue of $5.6M, expenses of $9.1M, and assets of $154.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Josiah Macy Jr Foundation:
Data Sources and Methodology
This transparency report for Josiah Macy Jr 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.