Middle Road Foundation
Middle Road Foundation shows inconsistent revenue and operational deficits in recent years, maintaining substantial assets with no reported officer compensation.
EIN: 133202345 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.6M |
| Transparency Score | 70/100 |
Is Middle Road Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Middle Road Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Middle Road Foundation
Middle Road Foundation (EIN: 133202345) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.4M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middle Road Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Middle Road Foundation is a mid-size nonprofit that has been operating for 42 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $754K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-250,280 |
| Total Assets | $11.7M |
| Total Liabilities | $104K |
| Net Assets | $11.6M |
| Operating Margin | -33.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 140.0 months |
Financial Health Grade: B
In 2023, Middle Road Foundation reported a deficit of $250K with expenses exceeding revenue, holds 140.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Middle Road Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +175.2% | -6.2% | -1.9% |
| 2022 | +0.3% | +10.3% | -6.1% |
| 2021 | -90.3% | -18.9% | -5.2% |
| 2021 | +10.4% | +5.3% | +14.3% |
| 2020 | +155.0% | -32.8% | +14.5% |
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 Middle Road Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Middle Road Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $250K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
The Middle Road Foundation consistently reports 0% officer compensation across all available filings. For an organization with assets exceeding $11 million, this is unusual and suggests either a fully volunteer executive team or that compensation is reported under different categories, which could impact transparency.
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 Middle Road Foundation's IRS 990 filings:
- Inconsistent revenue streams and significant year-over-year fluctuations.
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2021, 2019) where expenses exceeded revenue.
- Reporting 0% officer compensation for an organization with over $11 million in assets, which may obscure actual leadership costs or compensation structures.
Strengths
The following positive indicators were identified for Middle Road Foundation:
- Strong asset base, consistently above $10 million, providing financial stability.
- Relatively stable expense levels, indicating consistent operational scale despite revenue volatility.
- No reported officer compensation, suggesting a high proportion of funds could be directed to programs if leadership is truly unpaid.
Frequently Asked Questions about Middle Road Foundation
Is Middle Road Foundation a legitimate charity?
Middle Road Foundation (EIN: 133202345) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $3.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Middle Road Foundation spend its money?
Middle Road Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Middle Road Foundation tax-deductible?
Middle Road Foundation is registered as a tax-exempt nonprofit (EIN: 133202345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Middle Road Foundation CEO make?
Middle Road Foundation's highest-compensated officer earns $11 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Middle Road Foundation's spending goes to programs?
Middle Road Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Middle Road Foundation located?
Middle Road Foundation is headquartered in New York, New York and files with the IRS under EIN 133202345.
How many years of IRS 990 filings does Middle Road Foundation have?
Middle Road 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 $3.4M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation for an organization with significant assets ($13,212,627 latest) is unusual and could indicate a fully volunteer-led executive team, or that executive compensation is categorized differently within the financial statements, which would require further clarification for full transparency.
What caused the significant fluctuations in annual revenue?
Revenue has varied dramatically, from a high of $6,193,169 in 2012 to a low of $273,222 in 2021. Understanding the sources of these revenues (e.g., grants, investments, donations) and the reasons for their volatility is crucial for assessing financial stability.
How does the organization cover its operational deficits in recent years?
In several recent periods (e.g., 2023, 2022, 2021, 2019), expenses exceeded revenue. Given the substantial asset base, it's likely these deficits are covered by drawing from reserves or investment income, but the sustainability of this approach warrants examination.
Filing History
IRS 990 filing history for Middle Road Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Middle Road Foundation's revenue has declined by 40%, moving from $1.3M to $754K. Total assets increased by 39.4% over the same period, from $8.4M to $11.7M. Total functional expenses rose by 170.2%, from $372K to $1.0M. In its most recent filing year (2023), Middle Road Foundation reported a deficit of $250K, with expenses exceeding revenue. The organization holds $104K in liabilities against $11.7M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $754K | $1.0M | $11.7M | $104K | — | View 990 |
| 2022 | $274K | $1.1M | $11.9M | $75K | — | View 990 |
| 2021 | $273K | $971K | $12.7M | $60K | — | View 990 |
| 2021 | $2.8M | $1.2M | $13.4M | $59K | — | View 990 |
| 2020 | $2.5M | $1.1M | $11.7M | $0 | — | View 990 |
| 2019 | $999K | $1.7M | $10.3M | $0 | — | View 990 |
| 2015 | $1.8M | $1.1M | $14.7M | $0 | — | View 990 |
| 2014 | $599K | $922K | $14.9M | $0 | — | View 990 |
| 2013 | $2.1M | $1.2M | $14.6M | $0 | — | View 990 |
| 2012 | $6.2M | $608K | $14.1M | $0 | — | View 990 |
| 2011 | $1.3M | $372K | $8.4M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $754K, expenses of $1.0M, and assets of $11.7M (revenue +175.2% year-over-year).
- 2022: Revenue of $274K, expenses of $1.1M, and assets of $11.9M (revenue +0.3% year-over-year).
- 2021: Revenue of $273K, expenses of $971K, and assets of $12.7M (revenue -90.3% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.2M, and assets of $13.4M (revenue +10.4% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.1M, and assets of $11.7M (revenue +155.0% year-over-year).
- 2019: Revenue of $999K, expenses of $1.7M, and assets of $10.3M (revenue -43.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.1M, and assets of $14.7M (revenue +193.3% year-over-year).
- 2014: Revenue of $599K, expenses of $922K, and assets of $14.9M (revenue -71.8% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.2M, and assets of $14.6M (revenue -65.6% year-over-year).
- 2012: Revenue of $6.2M, expenses of $608K, and assets of $14.1M (revenue +392.8% year-over-year).
- 2011: Revenue of $1.3M, expenses of $372K, and assets of $8.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Middle Road Foundation:
Data Sources and Methodology
This transparency report for Middle Road 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.