Joyce & Irving Goldman Family Foundation Inc
Joyce & Irving Goldman Family Foundation maintains strong asset base with consistent philanthropic spending and no reported officer compensation.
EIN: 133216152 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $84.1M |
| Total Expenses | $13.1M |
| Program Spending | 90% |
| Net Assets | $205.5M |
| Transparency Score | 90/100 |
Is Joyce & Irving Goldman Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joyce & Irving Goldman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joyce & Irving Goldman Family Foundation Inc
Joyce & Irving Goldman Family Foundation Inc (EIN: 133216152) is a nonprofit organization based in New York, NY. The organization reported total revenue of $84.1M and total assets of $229.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joyce & Irving Goldman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joyce & Irving Goldman Family Foundation Inc is a major nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.9M |
| Total Expenses | $13.1M |
| Surplus / Deficit | $-1,191,496 |
| Total Assets | $205.5M |
| Total Liabilities | $1 |
| Net Assets | $205.5M |
| Operating Margin | -10.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 188.7 months |
Financial Health Grade: B
In 2023, Joyce & Irving Goldman Family Foundation Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 188.7 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), Joyce & Irving Goldman Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.6% | -16.7% | +5.8% |
| 2022 | -24.9% | +8.8% | -10.8% |
| 2021 | +68.8% | +12.6% | +10.0% |
| 2020 | -22.4% | -2.3% | +10.8% |
| 2019 | +428.6% | +47.3% | +31.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Joyce & Irving Goldman Family Foundation Inc with a Mission Score of 90 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, Joyce & Irving Goldman Family 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through non-officer categories, which is highly favorable for maximizing funds for the mission.
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 Joyce & Irving Goldman Family Foundation Inc's IRS 990 filings:
- NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Joyce & Irving Goldman Family Foundation Inc:
- Strong Asset Base: Assets have consistently grown, reaching $205,519,244 in 2023, indicating financial stability.
- Minimal Liabilities: Liabilities are consistently reported as $1, suggesting excellent financial health and low debt.
- No Reported Officer Compensation: 0% officer compensation across all filings is a strong indicator of efficient use of funds for the mission.
- Consistent IRS 990 Filings: A history of 10 filings demonstrates transparency and compliance.
- Consistent Philanthropic Activity: The foundation consistently incurs significant expenses, indicating active grant-making and programmatic spending.
Frequently Asked Questions about Joyce & Irving Goldman Family Foundation Inc
Is Joyce & Irving Goldman Family Foundation Inc a legitimate charity?
Joyce & Irving Goldman Family Foundation Inc (EIN: 133216152) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $84.1M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Joyce & Irving Goldman Family Foundation Inc spend its money?
Joyce & Irving Goldman Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Joyce & Irving Goldman Family Foundation Inc tax-deductible?
Joyce & Irving Goldman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133216152). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Joyce & Irving Goldman Family Foundation Inc located?
Joyce & Irving Goldman Family Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133216152.
How many years of IRS 990 filings does Joyce & Irving Goldman Family Foundation Inc have?
Joyce & Irving Goldman Family Foundation Inc 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 $84.1M in total revenue.
Is Joyce & Irving Goldman Family Foundation Inc a good charity?
Based on the available financial data, the foundation appears to be a well-managed and financially stable entity. Its consistent asset growth, minimal liabilities, and reported 0% officer compensation are strong indicators of good stewardship and a focus on its mission.
How does the foundation manage its expenses relative to its revenue?
In some recent years, such as 2023 ($13,067,517 expenses vs. $11,876,021 revenue) and 2022 ($15,684,896 expenses vs. $15,152,105 revenue), expenses have slightly exceeded revenue. However, this is typical for foundations that utilize their substantial endowments to fund grants and operations, as evidenced by their growing asset base.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the past decade, increasing from $147,100,191 in 2011 to $205,519,244 in 2023, indicating financial stability and effective asset management.
Filing History
IRS 990 filing history for Joyce & Irving Goldman Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joyce & Irving Goldman Family Foundation Inc's revenue has grown by 152.4%, moving from $4.7M to $11.9M. Total assets increased by 39.7% over the same period, from $147.1M to $205.5M. Total functional expenses rose by 60.5%, from $8.1M to $13.1M. In its most recent filing year (2023), Joyce & Irving Goldman Family Foundation Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $1 in liabilities against $205.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $205.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.9M | $13.1M | $205.5M | $1 | — | — |
| 2022 | $15.2M | $15.7M | $194.2M | $1 | — | View 990 |
| 2021 | $20.2M | $14.4M | $217.8M | $1 | — | View 990 |
| 2020 | $11.9M | $12.8M | $198.0M | $1 | — | View 990 |
| 2019 | $15.4M | $13.1M | $178.7M | $1 | — | View 990 |
| 2015 | $2.9M | $8.9M | $135.9M | $0 | — | View 990 |
| 2014 | $7.4M | $9.2M | $144.1M | $1.3M | — | View 990 |
| 2013 | $14.9M | $7.4M | $152.1M | $5.7M | — | View 990 |
| 2012 | $13.2M | $6.8M | $149.1M | $10.2M | — | View 990 |
| 2011 | $4.7M | $8.1M | $147.1M | $14.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.9M, expenses of $13.1M, and assets of $205.5M (revenue -21.6% year-over-year).
- 2022: Revenue of $15.2M, expenses of $15.7M, and assets of $194.2M (revenue -24.9% year-over-year).
- 2021: Revenue of $20.2M, expenses of $14.4M, and assets of $217.8M (revenue +68.8% year-over-year).
- 2020: Revenue of $11.9M, expenses of $12.8M, and assets of $198.0M (revenue -22.4% year-over-year).
- 2019: Revenue of $15.4M, expenses of $13.1M, and assets of $178.7M (revenue +428.6% year-over-year).
- 2015: Revenue of $2.9M, expenses of $8.9M, and assets of $135.9M (revenue -60.7% year-over-year).
- 2014: Revenue of $7.4M, expenses of $9.2M, and assets of $144.1M (revenue -50.3% year-over-year).
- 2013: Revenue of $14.9M, expenses of $7.4M, and assets of $152.1M (revenue +13.0% year-over-year).
- 2012: Revenue of $13.2M, expenses of $6.8M, and assets of $149.1M (revenue +180.0% year-over-year).
- 2011: Revenue of $4.7M, expenses of $8.1M, and assets of $147.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joyce & Irving Goldman Family Foundation Inc:
Data Sources and Methodology
This transparency report for Joyce & Irving Goldman Family 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.