Marc Haas Foundation
Marc Haas Foundation maintains strong asset base with zero officer compensation, consistently directing funds to programs.
EIN: 133073137 · Melville, NY · Updated: 2026-03-28
Is Marc Haas Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marc Haas Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marc Haas Foundation
Marc Haas Foundation (EIN: 133073137) is a nonprofit organization based in Melville, NY. The organization reported total revenue of $8.9M and total assets of $80.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marc Haas Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marc Haas Foundation is a mid-size nonprofit that has been operating for 45 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $8.4M |
| Surplus / Deficit | $-1,071,836 |
| Total Assets | $81.0M |
| Total Liabilities | $1 |
| Net Assets | $81.0M |
| Operating Margin | -14.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 115.8 months |
Financial Health Grade: B
In 2023, Marc Haas Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 115.8 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), Marc Haas Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.2% | -5.2% | -1.3% |
| 2022 | -26.3% | +10.5% | +4.3% |
| 2021 | +267.2% | +7.2% | +12.3% |
| 2020 | -53.5% | -4.3% | -4.0% |
| 2019 | +175.5% | -3.3% | +2.1% |
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 Marc Haas Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Marc Haas Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the foundation. This is highly favorable, suggesting that all operational expenses are directed towards program activities and general administration, rather than executive salaries, especially for an organization with assets exceeding $80 million.
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.
Strengths
The following positive indicators were identified for Marc Haas Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Strong and stable asset base, consistently over $70 million, providing long-term financial security.
- Minimal to no liabilities reported across all filings, demonstrating excellent financial management.
- Consistent operational expenses in the $7-8 million range, suggesting predictable and managed spending.
Frequently Asked Questions about Marc Haas Foundation
Is Marc Haas Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Marc Haas Foundation (EIN: 133073137) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Marc Haas Foundation spend its money?
Marc Haas Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marc Haas Foundation tax-deductible?
Marc Haas Foundation is registered as a tax-exempt nonprofit (EIN: 133073137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Marc Haas Foundation financially stable?
Yes, the Marc Haas Foundation is financially stable, consistently holding over $70 million in assets and reporting minimal to no liabilities across all available filings, such as $80,988,649 in assets and $1 in liabilities in 2023.
How efficient is the Marc Haas Foundation's spending?
The foundation demonstrates high spending efficiency, particularly by reporting 0% officer compensation in all filings, indicating that nearly all expenses are directed towards program services and essential administrative functions.
Does the Marc Haas Foundation have high administrative costs?
Based on the 0% officer compensation, the foundation appears to have very low administrative costs related to executive salaries, suggesting a high proportion of funds are allocated to its mission.
Filing History
IRS 990 filing history for Marc Haas Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Marc Haas Foundation's revenue has grown by 15.7%, moving from $6.3M to $7.3M. Total assets increased by 9.4% over the same period, from $74.1M to $81.0M. Total functional expenses rose by 15.1%, from $7.3M to $8.4M. In its most recent filing year (2023), Marc Haas Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $81.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $81.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $8.4M | $81.0M | $1 | — | View 990 |
| 2022 | $12.2M | $8.8M | $82.1M | $1 | — | View 990 |
| 2021 | $16.6M | $8.0M | $78.7M | $1 | — | View 990 |
| 2020 | $4.5M | $7.5M | $70.1M | $1 | — | View 990 |
| 2019 | $9.7M | $7.8M | $73.0M | $0 | — | View 990 |
| 2015 | $3.5M | $8.1M | $71.5M | $0 | — | View 990 |
| 2014 | $7.8M | $7.7M | $76.0M | $0 | — | View 990 |
| 2013 | $7.7M | $7.2M | $75.9M | $0 | — | View 990 |
| 2012 | $8.6M | $7.2M | $75.4M | $0 | — | View 990 |
| 2011 | $6.3M | $7.3M | $74.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $8.4M, and assets of $81.0M (revenue -40.2% year-over-year).
- 2022: Revenue of $12.2M, expenses of $8.8M, and assets of $82.1M (revenue -26.3% year-over-year).
- 2021: Revenue of $16.6M, expenses of $8.0M, and assets of $78.7M (revenue +267.2% year-over-year).
- 2020: Revenue of $4.5M, expenses of $7.5M, and assets of $70.1M (revenue -53.5% year-over-year).
- 2019: Revenue of $9.7M, expenses of $7.8M, and assets of $73.0M (revenue +175.5% year-over-year).
- 2015: Revenue of $3.5M, expenses of $8.1M, and assets of $71.5M (revenue -54.6% year-over-year).
- 2014: Revenue of $7.8M, expenses of $7.7M, and assets of $76.0M (revenue +1.2% year-over-year).
- 2013: Revenue of $7.7M, expenses of $7.2M, and assets of $75.9M (revenue -10.5% year-over-year).
- 2012: Revenue of $8.6M, expenses of $7.2M, and assets of $75.4M (revenue +35.6% year-over-year).
- 2011: Revenue of $6.3M, expenses of $7.3M, and assets of $74.1M.
Data Sources and Methodology
This transparency report for Marc Haas 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.