Kate Spade New York Foundation
Kate Spade New York Foundation maintains substantial assets and zero officer compensation amidst fluctuating revenues.
EIN: 133060673 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.6M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| Net Assets | $24.4M |
| Transparency Score | 88/100 |
Is Kate Spade New York Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kate Spade New York Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kate Spade New York Foundation
Kate Spade New York Foundation (EIN: 133060673) is a nonprofit organization based in New York, NY. The organization reported total revenue of $26.6M and total assets of $25.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kate Spade New York Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kate Spade New York Foundation is a large nonprofit that has been operating for 45 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $880K |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-595,254 |
| Total Assets | $24.4M |
| Total Liabilities | $1 |
| Net Assets | $24.4M |
| Operating Margin | -67.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 198.2 months |
Financial Health Grade: B
In 2023, Kate Spade New York Foundation reported a deficit of $595K with expenses exceeding revenue, holds 198.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Kate Spade New York Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.0% | +4.5% | +7.9% |
| 2022 | -49.8% | -0.8% | -19.1% |
| 2021 | +82.5% | -3.4% | +5.0% |
| 2020 | -7.8% | +27.8% | +2.8% |
| 2019 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Kate Spade New York Foundation with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Kate Spade New York Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $595K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means, which is a strong positive for resource allocation.
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 Kate Spade New York Foundation's IRS 990 filings:
- Recent decline in revenue from $2.3M in 2021 to $880K in 2023, while expenses remained stable, leading to a deficit in 2023.
Strengths
The following positive indicators were identified for Kate Spade New York Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
- Maintains substantial assets, with $24,373,639 in 2023, providing a strong financial cushion.
- Low liabilities, often reported as $1, indicating sound financial management and minimal debt.
- Consistent filing of IRS 990s over 11 periods, demonstrating strong commitment to transparency and compliance.
Frequently Asked Questions about Kate Spade New York Foundation
Is Kate Spade New York Foundation a legitimate charity?
Kate Spade New York Foundation (EIN: 133060673) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 11 years of IRS 990 filings on record. Total revenue: $26.6M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Kate Spade New York Foundation spend its money?
Kate Spade New York Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kate Spade New York Foundation tax-deductible?
Kate Spade New York Foundation is registered as a tax-exempt nonprofit (EIN: 133060673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kate Spade New York Foundation's spending goes to programs?
Kate Spade New York Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Kate Spade New York Foundation located?
Kate Spade New York Foundation is headquartered in New York, New York and files with the IRS under EIN 133060673.
How many years of IRS 990 filings does Kate Spade New York Foundation have?
Kate Spade New York Foundation has 11 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 $26.6M in total revenue.
Is the Kate Spade New York Foundation financially stable?
Yes, the foundation appears financially stable, consistently holding significant assets (e.g., $24,373,639 in 2023) and maintaining low liabilities, often reported as $1.
How has the foundation's revenue trended recently?
Revenue has fluctuated, decreasing from $2,368,950 in 2021 to $880,267 in 2023, while expenses have remained relatively stable around $1.4 million annually.
Does the foundation pay its officers?
Based on the provided IRS 990 data, officer compensation has consistently been reported as 0% across all filings, suggesting officers are not compensated directly by the foundation.
What is the foundation's asset base?
The foundation maintains a substantial asset base, with $24,373,639 reported in 2023 and a peak of $27,928,829 in 2021.
Filing History
IRS 990 filing history for Kate Spade New York Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Kate Spade New York Foundation's revenue has declined by 51.1%, moving from $1.8M to $880K. Total assets decreased by 1% over the same period, from $24.6M to $24.4M. Total functional expenses fell by 51.7%, from $3.1M to $1.5M. In its most recent filing year (2023), Kate Spade New York Foundation reported a deficit of $595K, with expenses exceeding revenue. The organization holds $1 in liabilities against $24.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $24.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $880K | $1.5M | $24.4M | $1 | — | — |
| 2022 | $1.2M | $1.4M | $22.6M | $1 | — | View 990 |
| 2021 | $2.4M | $1.4M | $27.9M | $1 | — | View 990 |
| 2020 | $1.3M | $1.5M | $26.6M | $1 | — | View 990 |
| 2019 | $1.4M | $1.2M | $25.9M | $459K | — | — |
| 2018 | $1.4M | $1.2M | $25.9M | $459K | — | View 990 |
| 2015 | $1.2M | $1.3M | $22.1M | $335K | — | View 990 |
| 2014 | $3.0M | $7.2M | $21.9M | $0 | — | View 990 |
| 2013 | $2.6M | $1.5M | $26.1M | $0 | — | View 990 |
| 2012 | $2.0M | $1.6M | $25.0M | $0 | — | View 990 |
| 2011 | $1.8M | $3.1M | $24.6M | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $880K, expenses of $1.5M, and assets of $24.4M (revenue -26.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.4M, and assets of $22.6M (revenue -49.8% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.4M, and assets of $27.9M (revenue +82.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.5M, and assets of $26.6M (revenue -7.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $25.9M (revenue +0.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $25.9M (revenue +15.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $22.1M (revenue -58.6% year-over-year).
- 2014: Revenue of $3.0M, expenses of $7.2M, and assets of $21.9M (revenue +12.3% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.5M, and assets of $26.1M (revenue +28.9% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.6M, and assets of $25.0M (revenue +13.3% year-over-year).
- 2011: Revenue of $1.8M, expenses of $3.1M, and assets of $24.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kate Spade New York Foundation:
Data Sources and Methodology
This transparency report for Kate Spade New York 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.