New York Foundation
New York Foundation consistently reports 0% officer compensation amidst fluctuating revenues and expenses.
EIN: 135626345 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.0M |
| Total Expenses | $8.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $57 |
| Net Assets | $53.0M |
| Transparency Score | 90/100 |
Is New York Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Foundation
New York Foundation (EIN: 135626345) is a nonprofit organization based in New York, NY. The organization reported total revenue of $25.0M and total assets of $57.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Foundation is a large nonprofit that has been operating for 76 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $8.2M |
| Surplus / Deficit | $-1,651,444 |
| Total Assets | $54.5M |
| Total Liabilities | $1.5M |
| Net Assets | $53.0M |
| Operating Margin | -25.1% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 79.5 months |
Financial Health Grade: B
In 2023, New York Foundation reported a deficit of $1.7M with expenses exceeding revenue, holds 79.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), New York Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.2% | -21.5% | -1.3% |
| 2022 | -48.7% | +13.9% | -18.0% |
| 2021 | +146.0% | +18.2% | +7.8% |
| 2020 | +22.4% | +15.2% | -1.4% |
| 2019 | -18.7% | +32.4% | +3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
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 New York 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New York Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization. This is a highly positive sign for a nonprofit of its size, with assets of over $57 million, demonstrating a strong commitment to directing resources towards its mission.
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 New York Foundation's IRS 990 filings:
- Expenses frequently exceed revenue in recent years (e.g., 2023 expenses $8.2M vs. revenue $6.5M; 2022 expenses $10.4M vs. revenue $7.6M), which could indicate reliance on asset drawdowns or prior surpluses.
Strengths
The following positive indicators were identified for New York Foundation:
- Consistent 0% officer compensation reported across all ten filings, indicating excellent financial stewardship and transparency.
- Maintains a substantial asset base ($57,058,636 in latest filing), providing financial stability and capacity for future operations.
- Strong program focus implied by the lack of executive compensation, suggesting resources are directed towards mission-related activities.
Frequently Asked Questions about New York Foundation
Is New York Foundation a legitimate charity?
New York Foundation (EIN: 135626345) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $25.0M. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does New York Foundation spend its money?
New York Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Foundation tax-deductible?
New York Foundation is registered as a tax-exempt nonprofit (EIN: 135626345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Foundation CEO make?
New York Foundation's highest-compensated officer earns $57 annually. The organization reported $25.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Foundation's spending goes to programs?
New York Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Foundation located?
New York Foundation is headquartered in New York, New York and files with the IRS under EIN 135626345.
How many years of IRS 990 filings does New York Foundation have?
New York 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 $25.0M in total revenue.
Is New York Foundation a good charity?
Based on the available IRS 990 data, the New York Foundation appears to be a good charity, primarily due to its consistent reporting of 0% officer compensation and substantial asset base, suggesting a strong commitment to its mission and efficient use of funds.
How has the New York Foundation's financial health changed over the past few years?
The New York Foundation's financial health has seen fluctuations. While it maintains a robust asset base (e.g., $54,520,936 in 2023), it has frequently experienced expenses exceeding revenue in recent years, such as in 2023 ($8,232,736 expenses vs. $6,581,292 revenue) and 2022 ($10,480,956 expenses vs. $7,668,593 revenue). This trend suggests reliance on its endowment or prior surpluses to cover operational costs.
What is the New York Foundation's approach to executive compensation?
The New York Foundation's approach to executive compensation is highly commendable, as it consistently reports 0% officer compensation across all ten available IRS 990 filings. This indicates that no officers are paid directly by the organization, maximizing funds available for programmatic activities.
Filing History
IRS 990 filing history for New York Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), New York Foundation's revenue has grown by 67.7%, moving from $3.9M to $6.6M. Total assets decreased by 5% over the same period, from $57.4M to $54.5M. Total functional expenses rose by 62.9%, from $5.1M to $8.2M. In its most recent filing year (2023), New York Foundation reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $54.5M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $53.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $8.2M | $54.5M | $1.5M | — | — |
| 2022 | $7.7M | $10.5M | $55.3M | $3.0M | — | View 990 |
| 2021 | $14.9M | $9.2M | $67.4M | $1.1M | — | View 990 |
| 2020 | $6.1M | $7.8M | $62.5M | $289K | — | View 990 |
| 2019 | $5.0M | $6.8M | $63.4M | $230K | — | — |
| 2015 | $6.1M | $5.1M | $61.0M | $711K | — | View 990 |
| 2014 | $3.3M | $4.2M | $64.6M | $778K | — | View 990 |
| 2013 | $4.1M | $4.6M | $65.7M | $881K | — | View 990 |
| 2012 | $2.6M | $5.0M | $59.8M | $969K | — | View 990 |
| 2011 | $3.9M | $5.1M | $57.4M | $956K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $8.2M, and assets of $54.5M (revenue -14.2% year-over-year).
- 2022: Revenue of $7.7M, expenses of $10.5M, and assets of $55.3M (revenue -48.7% year-over-year).
- 2021: Revenue of $14.9M, expenses of $9.2M, and assets of $67.4M (revenue +146.0% year-over-year).
- 2020: Revenue of $6.1M, expenses of $7.8M, and assets of $62.5M (revenue +22.4% year-over-year).
- 2019: Revenue of $5.0M, expenses of $6.8M, and assets of $63.4M (revenue -18.7% year-over-year).
- 2015: Revenue of $6.1M, expenses of $5.1M, and assets of $61.0M (revenue +83.9% year-over-year).
- 2014: Revenue of $3.3M, expenses of $4.2M, and assets of $64.6M (revenue -19.8% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.6M, and assets of $65.7M (revenue +57.0% year-over-year).
- 2012: Revenue of $2.6M, expenses of $5.0M, and assets of $59.8M (revenue -32.8% year-over-year).
- 2011: Revenue of $3.9M, expenses of $5.1M, and assets of $57.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Foundation:
Data Sources and Methodology
This transparency report for New York 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.