Neil S Hirsch Foundation
Neil S Hirsch Foundation experiences massive revenue spikes and asset growth with inconsistent spending patterns.
EIN: 136881621 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $44.1M |
| Total Expenses | $5.0M |
| Program Spending | 90% |
| Net Assets | $97.1M |
| Transparency Score | 60/100 |
Is Neil S Hirsch Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neil S Hirsch Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neil S Hirsch Foundation
Neil S Hirsch Foundation (EIN: 136881621) is a nonprofit organization based in New York, NY. The organization reported total revenue of $44.1M and total assets of $97.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neil S Hirsch Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neil S Hirsch Foundation is a large nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 196.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-2,145,739 |
| Total Assets | $97.1M |
| Total Liabilities | $1 |
| Net Assets | $97.1M |
| Operating Margin | -76.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 235.2 months |
Financial Health Grade: B
In 2023, Neil S Hirsch Foundation reported a deficit of $2.1M with expenses exceeding revenue, holds 235.2 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), Neil S Hirsch Foundation's revenue has grown at a compound annual growth rate (CAGR) of 196.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.2% | +1783.0% | -3.2% |
| 2022 | +5081579850.0% | — | +433909.4% |
| 2021 | +0.0% | — | +0.0% |
| 2020 | +0.0% | — | +0.0% |
| 2019 | +0.0% | — | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Neil S Hirsch Foundation with a Mission Score of 60 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Neil S Hirsch Foundation 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 $2.1M, 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 or key employees are compensated directly by the foundation, which is a 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 Neil S Hirsch Foundation's IRS 990 filings:
- Highly inconsistent financial activity with extreme revenue and expense fluctuations.
- Periods of minimal reported activity (revenue $2, expenses $0) for several years.
- Disproportionately low expenses relative to revenue in 2022 ($263,072 expenses vs. $101,631,599 revenue).
Strengths
The following positive indicators were identified for Neil S Hirsch Foundation:
- No reported officer compensation, indicating efficient use of funds for leadership.
- Significant growth in assets to over $97 million, providing substantial potential for future charitable giving.
- Low liabilities across all reported periods ($0-$1).
Frequently Asked Questions about Neil S Hirsch Foundation
Is Neil S Hirsch Foundation a legitimate charity?
Neil S Hirsch Foundation (EIN: 136881621) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $44.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Neil S Hirsch Foundation spend its money?
Neil S Hirsch Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Neil S Hirsch Foundation tax-deductible?
Neil S Hirsch Foundation is registered as a tax-exempt nonprofit (EIN: 136881621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Neil S Hirsch Foundation located?
Neil S Hirsch Foundation is headquartered in New York, New York and files with the IRS under EIN 136881621.
How many years of IRS 990 filings does Neil S Hirsch Foundation have?
Neil S Hirsch Foundation 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 $44.1M in total revenue.
What caused the massive revenue spike to $101,631,599 in 2022 and subsequent asset growth?
The filings do not provide specific details on the source of this significant revenue, but it dramatically increased the foundation's assets from $23,114 in 2021 to over $100 million in 2022.
Why were expenses so low ($263,072) relative to revenue ($101,631,599) in 2022?
The substantial difference suggests that a large portion of the revenue was retained and added to assets rather than being spent on charitable activities in that specific year.
What are the specific program activities and their associated costs?
The provided data does not offer a detailed breakdown of program expenses, making it difficult to assess the nature and scope of the foundation's charitable work.
What explains the periods of minimal revenue ($2-$3) and zero expenses from 2019-2021?
These periods suggest either dormancy, minimal operational activity, or that the foundation primarily functions as a grant-making entity with infrequent large distributions.
How does the foundation plan to utilize its significant assets ($97,839,807) for its charitable mission going forward?
With substantial assets, the foundation has the potential for significant philanthropic impact, but the filings do not detail future spending plans or strategies.
Filing History
IRS 990 filing history for Neil S Hirsch Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Neil S Hirsch Foundation's revenue has grown by 46796550%, moving from $6 to $2.8M. Total assets increased by 393952.4% over the same period, from $25K to $97.1M. Total functional expenses rose by 19051969.2%, from $26 to $5.0M. In its most recent filing year (2023), Neil S Hirsch Foundation reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $97.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $97.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $5.0M | $97.1M | $1 | — | View 990 |
| 2022 | $101.6M | $263K | $100.3M | $1 | — | View 990 |
| 2021 | $2 | $0 | $23K | $1 | — | — |
| 2020 | $2 | $0 | $23K | $1 | — | View 990 |
| 2019 | $2 | $0 | $23K | $1 | — | View 990 |
| 2015 | $2 | $0 | $25K | $1 | — | View 990 |
| 2014 | $3 | $0 | $25K | $1 | — | View 990 |
| 2013 | $2 | $25 | $25K | $1 | — | View 990 |
| 2012 | $3 | $25 | $25K | $0 | — | View 990 |
| 2011 | $6 | $26 | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $5.0M, and assets of $97.1M (revenue -97.2% year-over-year).
- 2022: Revenue of $101.6M, expenses of $263K, and assets of $100.3M (revenue +5081579850.0% year-over-year).
- 2021: Revenue of $2, expenses of $0, and assets of $23K (revenue +0.0% year-over-year).
- 2020: Revenue of $2, expenses of $0, and assets of $23K (revenue +0.0% year-over-year).
- 2019: Revenue of $2, expenses of $0, and assets of $23K (revenue +0.0% year-over-year).
- 2015: Revenue of $2, expenses of $0, and assets of $25K (revenue -33.3% year-over-year).
- 2014: Revenue of $3, expenses of $0, and assets of $25K (revenue +50.0% year-over-year).
- 2013: Revenue of $2, expenses of $25, and assets of $25K (revenue -33.3% year-over-year).
- 2012: Revenue of $3, expenses of $25, and assets of $25K (revenue -50.0% year-over-year).
- 2011: Revenue of $6, expenses of $26, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neil S Hirsch Foundation:
Data Sources and Methodology
This transparency report for Neil S Hirsch 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.