Lemberg Foundation Inc
Lemberg Foundation consistently spends more than it earns in recent years, drawing down on assets.
EIN: 136082064 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $4.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6.2 |
| Net Assets | $8.9M |
| Transparency Score | 85/100 |
Is Lemberg Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lemberg Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lemberg Foundation Inc
Lemberg Foundation Inc (EIN: 136082064) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.3M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lemberg Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lemberg Foundation Inc is a mid-size nonprofit that has been operating for 77 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-537,905 |
| Total Assets | $8.9M |
| Total Liabilities | $1 |
| Net Assets | $8.9M |
| Operating Margin | -15.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.4 months |
Financial Health Grade: B
In 2023, Lemberg Foundation Inc reported a deficit of $538K with expenses exceeding revenue, holds 26.4 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), Lemberg Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.1% | -14.6% | -5.7% |
| 2022 | -44.8% | +7.7% | -3.6% |
| 2021 | +164.7% | +4.0% | +56.5% |
| 2020 | -14.5% | +2.0% | -16.3% |
| 2019 | +43.8% | +6.4% | -29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1949 |
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 Lemberg 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, Lemberg 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 $538K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is a strong positive for a foundation of its size, with assets ranging from $6.2 million to $15.2 million over the past decade.
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 Lemberg Foundation Inc's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 2023, 2022, 2020, 2019, 2015, 2014) where expenses exceeded revenue, indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Lemberg Foundation Inc:
- Zero officer compensation reported across all filings, demonstrating efficient use of funds at the executive level.
- Consistently low or zero liabilities, indicating strong financial management and minimal debt.
- Significant asset base (over $8 million currently) provides a buffer despite recent negative net income trends.
Frequently Asked Questions about Lemberg Foundation Inc
Is Lemberg Foundation Inc a legitimate charity?
Lemberg Foundation Inc (EIN: 136082064) 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: $5.3M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Lemberg Foundation Inc spend its money?
Lemberg Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lemberg Foundation Inc tax-deductible?
Lemberg Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136082064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lemberg Foundation Inc CEO make?
Lemberg Foundation Inc's highest-compensated officer earns $6.2 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Lemberg Foundation Inc located?
Lemberg Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136082064.
How many years of IRS 990 filings does Lemberg Foundation Inc have?
Lemberg 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 $5.3M in total revenue.
Is Lemberg Foundation Inc. financially stable given its recent expense trends?
While the foundation has significant assets (latest reported at $8,712,606), its recent trend of expenses exceeding revenue (e.g., $4,027,957 expenses vs. $3,490,052 revenue in 2023) suggests it may be drawing down on its principal or prior surpluses. This trend, if continued, could impact long-term financial stability.
What is the primary purpose of the Lemberg Foundation Inc.?
Based on the financial data, the Lemberg Foundation Inc. operates as a grant-making organization, distributing funds rather than directly operating programs. The consistent 'Officer Comp=0%' suggests it may be a family foundation or one run by volunteers.
How does the Lemberg Foundation Inc. manage its liabilities?
The foundation consistently reports extremely low or zero liabilities across all filings (e.g., $1 in 2023 and 2022, $4,378 in 2021), indicating very strong financial management regarding debt and obligations.
Filing History
IRS 990 filing history for Lemberg Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lemberg Foundation Inc's revenue has grown by 23.1%, moving from $2.8M to $3.5M. Total assets decreased by 27.1% over the same period, from $12.2M to $8.9M. Total functional expenses rose by 79.3%, from $2.2M to $4.0M. In its most recent filing year (2023), Lemberg Foundation Inc reported a deficit of $538K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $4.0M | $8.9M | $1 | — | View 990 |
| 2022 | $4.4M | $4.7M | $9.4M | $1 | — | View 990 |
| 2021 | $7.9M | $4.4M | $9.8M | $4K | — | View 990 |
| 2020 | $3.0M | $4.2M | $6.2M | $12K | — | View 990 |
| 2019 | $3.5M | $4.1M | $7.5M | $3K | — | View 990 |
| 2015 | $2.4M | $3.9M | $10.5M | $1 | — | View 990 |
| 2014 | $2.3M | $3.4M | $12.0M | $1 | — | View 990 |
| 2013 | $2.8M | $2.7M | $13.1M | $0 | — | View 990 |
| 2012 | $5.5M | $2.4M | $15.2M | $0 | — | View 990 |
| 2011 | $2.8M | $2.2M | $12.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $4.0M, and assets of $8.9M (revenue -20.1% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.7M, and assets of $9.4M (revenue -44.8% year-over-year).
- 2021: Revenue of $7.9M, expenses of $4.4M, and assets of $9.8M (revenue +164.7% year-over-year).
- 2020: Revenue of $3.0M, expenses of $4.2M, and assets of $6.2M (revenue -14.5% year-over-year).
- 2019: Revenue of $3.5M, expenses of $4.1M, and assets of $7.5M (revenue +43.8% year-over-year).
- 2015: Revenue of $2.4M, expenses of $3.9M, and assets of $10.5M (revenue +5.6% year-over-year).
- 2014: Revenue of $2.3M, expenses of $3.4M, and assets of $12.0M (revenue -17.5% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.7M, and assets of $13.1M (revenue -48.8% year-over-year).
- 2012: Revenue of $5.5M, expenses of $2.4M, and assets of $15.2M (revenue +92.4% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.2M, and assets of $12.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lemberg Foundation Inc:
Data Sources and Methodology
This transparency report for Lemberg 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.