Massry Charitable Foundation Inc
Massry Charitable Foundation consistently grows assets with minimal liabilities and no reported officer compensation.
EIN: 141777179 · Albany, NY · NTEE: T31Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.8M |
| Total Expenses | $4.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $42.5M |
| Transparency Score | 95/100 |
Is Massry Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Massry Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Massry Charitable Foundation Inc
Massry Charitable Foundation Inc (EIN: 141777179) is a nonprofit organization based in Albany, NY, classified under NTEE code T31Z. The organization reported total revenue of $22.8M and total assets of $48.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massry Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Massry Charitable Foundation Inc is a large nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$426K |
| Total Assets | $42.5M |
| Total Liabilities | $1 |
| Net Assets | $42.5M |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 127.6 months |
Financial Health Grade: A
In 2023, Massry Charitable Foundation Inc reported a surplus of $426K with revenue exceeding expenses, holds 127.6 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), Massry Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.2% | +16.0% | +1.0% |
| 2022 | -42.0% | +9.0% | -1.9% |
| 2021 | +3.8% | +7.6% | +3.4% |
| 2020 | +58.5% | +12.7% | +3.6% |
| 2019 | -47.2% | +36.9% | +33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Massry Charitable Foundation Inc with a Mission Score of 95 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, Massry Charitable 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 surplus of $426K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Massry Charitable Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS Form 990, which is highly unusual for an organization with assets nearing $50 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.
Red Flags
The following concerns were identified during AI analysis of Massry Charitable Foundation Inc's IRS 990 filings:
- Lack of detailed breakdown for program vs. administrative expenses in provided data (assumed high program spending based on overall efficiency)
Strengths
The following positive indicators were identified for Massry Charitable Foundation Inc:
- Consistent asset growth (from $19.16M in 2011 to $48.69M currently)
- Extremely low liabilities (often $1 reported)
- 0% reported officer compensation across all filings
- Revenue consistently exceeding expenses, leading to financial stability
- Strong financial health and stability
Frequently Asked Questions about Massry Charitable Foundation Inc
Is Massry Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Massry Charitable Foundation Inc (EIN: 141777179) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Massry Charitable Foundation Inc spend its money?
Massry Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Massry Charitable Foundation Inc tax-deductible?
Massry Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141777179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Massry Charitable Foundation Inc CEO make?
Massry Charitable Foundation Inc's highest-compensated officer earns $50 annually. The organization reported $22.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Massry Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Massry Charitable Foundation Inc is above average for NTEE category T31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Massry Charitable Foundation Inc located?
Massry Charitable Foundation Inc is headquartered in Albany, New York and files with the IRS under EIN 141777179. It is classified under NTEE code T31Z.
How many years of IRS 990 filings does Massry Charitable Foundation Inc have?
Massry Charitable 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 $22.8M in total revenue.
Is Massry Charitable Foundation Inc. a good charity?
Based on its financial data, the Massry Charitable Foundation Inc. appears to be a very good charity. It consistently grows its assets, maintains extremely low liabilities, and reports 0% officer compensation, suggesting a strong focus on its mission and efficient use of funds.
How has the foundation's asset base changed over time?
The foundation's assets have grown significantly, from $19.16 million in 2011 to $48.69 million currently, demonstrating strong financial management and growth.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, which is a highly unusual and positive indicator of resource allocation directly to charitable activities rather than executive salaries.
How does the foundation manage its liabilities?
The foundation consistently reports extremely low liabilities, often just $1 in recent years, indicating excellent financial stability and minimal debt.
Filing History
IRS 990 filing history for Massry Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Massry Charitable Foundation Inc's revenue has grown by 123.5%, moving from $2.0M to $4.4M. Total assets increased by 121.6% over the same period, from $19.2M to $42.5M. Total functional expenses rose by 680.4%, from $512K to $4.0M. In its most recent filing year (2023), Massry Charitable Foundation Inc reported a surplus of $426K, with revenue exceeding expenses. The organization holds $1 in liabilities against $42.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $42.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.0M | $42.5M | $1 | — | — |
| 2022 | $2.6M | $3.4M | $42.0M | $1 | — | View 990 |
| 2021 | $4.6M | $3.2M | $42.8M | $1 | — | View 990 |
| 2020 | $4.4M | $2.9M | $41.4M | $1 | — | View 990 |
| 2019 | $2.8M | $2.6M | $40.0M | $0 | — | View 990 |
| 2015 | $5.2M | $1.9M | $30.1M | $0 | — | View 990 |
| 2014 | $5.1M | $2.0M | $27.4M | $435K | — | View 990 |
| 2013 | $4.8M | $1.3M | $24.4M | $75K | — | View 990 |
| 2012 | $2.9M | $1.0M | $21.0M | $27K | — | View 990 |
| 2011 | $2.0M | $512K | $19.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.0M, and assets of $42.5M (revenue +67.2% year-over-year).
- 2022: Revenue of $2.6M, expenses of $3.4M, and assets of $42.0M (revenue -42.0% year-over-year).
- 2021: Revenue of $4.6M, expenses of $3.2M, and assets of $42.8M (revenue +3.8% year-over-year).
- 2020: Revenue of $4.4M, expenses of $2.9M, and assets of $41.4M (revenue +58.5% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.6M, and assets of $40.0M (revenue -47.2% year-over-year).
- 2015: Revenue of $5.2M, expenses of $1.9M, and assets of $30.1M (revenue +3.7% year-over-year).
- 2014: Revenue of $5.1M, expenses of $2.0M, and assets of $27.4M (revenue +6.1% year-over-year).
- 2013: Revenue of $4.8M, expenses of $1.3M, and assets of $24.4M (revenue +66.2% year-over-year).
- 2012: Revenue of $2.9M, expenses of $1.0M, and assets of $21.0M (revenue +45.2% year-over-year).
- 2011: Revenue of $2.0M, expenses of $512K, and assets of $19.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Massry Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Massry Charitable 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.