Noel And Harriette Levine Foundation Inc
Noel And Harriette Levine Foundation consistently spends more than it earns, relying on significant assets.
EIN: 134074336 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.6M |
| Total Expenses | $2.5M |
| Program Spending | 90% |
| Net Assets | $8.2M |
| Transparency Score | 75/100 |
Is Noel And Harriette Levine Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Noel And Harriette Levine Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Noel And Harriette Levine Foundation Inc
Noel And Harriette Levine Foundation Inc (EIN: 134074336) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $10.6M and total assets of $16.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Noel And Harriette Levine Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Noel And Harriette Levine Foundation Inc is a large nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 66.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $481K |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-2,012,423 |
| Total Assets | $8.2M |
| Total Liabilities | $1 |
| Net Assets | $8.2M |
| Operating Margin | -418.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 39.5 months |
Financial Health Grade: B
In 2023, Noel And Harriette Levine Foundation Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 39.5 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), Noel And Harriette Levine Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 66.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.9% | +5.5% | -19.8% |
| 2022 | +4.6% | -48.2% | -16.3% |
| 2021 | -52.3% | +72.6% | -30.7% |
| 2020 | -97.0% | -53.4% | -9.7% |
| 2019 | +2459303.3% | +552829.9% | +7402504.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Noel And Harriette Levine Foundation Inc with a Mission Score of 75 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, Noel And Harriette Levine 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 deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for minimizing administrative costs.
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 Noel And Harriette Levine Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses significantly exceed revenue in recent years, e.g., $2.49M expenses vs. $0.48M revenue in 2023).
- Lack of detailed expense breakdown to fully assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Noel And Harriette Levine Foundation Inc:
- Zero reported officer compensation, indicating efficient use of funds regarding executive pay.
- Substantial asset base ($16,796,418 latest) provides financial stability for its grant-making activities.
- Long history of IRS 990 filings, indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Noel And Harriette Levine Foundation Inc
Is Noel And Harriette Levine Foundation Inc a legitimate charity?
Noel And Harriette Levine Foundation Inc (EIN: 134074336) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $10.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Noel And Harriette Levine Foundation Inc spend its money?
Noel And Harriette Levine Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Noel And Harriette Levine Foundation Inc tax-deductible?
Noel And Harriette Levine Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134074336). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Noel And Harriette Levine Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Noel And Harriette Levine Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Noel And Harriette Levine Foundation Inc located?
Noel And Harriette Levine Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 134074336. It is classified under NTEE code T22.
How many years of IRS 990 filings does Noel And Harriette Levine Foundation Inc have?
Noel And Harriette Levine 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 $10.6M in total revenue.
Is Noel And Harriette Levine Foundation Inc. a good charity?
Based on the available data, the foundation appears to be a grant-making entity with no reported officer compensation, which is positive. However, its consistent deficit spending (e.g., $2.49M expenses vs. $0.48M revenue in 2023) suggests it's distributing from its asset base rather than operating on annual revenue. A 'good' charity depends on its impact, which isn't directly measurable from these financial figures alone, but its financial structure suggests a focus on asset distribution.
What is the primary source of the foundation's funding?
While specific funding sources aren't detailed, the significant assets ($16.7M latest) and the pattern of expenses far exceeding annual revenue suggest that the foundation primarily operates by distributing funds from its endowment or investment income, rather than relying heavily on annual public donations.
How does the foundation manage its significant asset base?
The foundation maintains a substantial asset base, most recently $16,796,418. Given its consistent deficit spending, these assets are likely being drawn upon to fund its activities. The management strategy for these assets, including investment performance and distribution policies, would be key to understanding its long-term financial health, though this detail is not available in the provided summary.
Filing History
IRS 990 filing history for Noel And Harriette Levine Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Noel And Harriette Levine Foundation Inc's revenue has grown by 43642.4%, moving from $1K to $481K. Total assets increased by 931.6% over the same period, from $796K to $8.2M. Total functional expenses rose by 167255%, from $1K to $2.5M. In its most recent filing year (2023), Noel And Harriette Levine Foundation Inc reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $481K | $2.5M | $8.2M | $1 | — | View 990 |
| 2022 | $376K | $2.4M | $10.2M | $1 | — | View 990 |
| 2021 | $360K | $4.6M | $12.2M | $1 | — | View 990 |
| 2020 | $754K | $2.6M | $17.7M | $750 | — | View 990 |
| 2019 | $25.2M | $5.7M | $19.5M | $1 | — | — |
| 2015 | $1K | $1K | $264 | $1 | — | View 990 |
| 2014 | $1 | $1K | $264 | $1 | — | View 990 |
| 2013 | $2K | $2K | $2K | $1 | — | View 990 |
| 2012 | $-792,649 | $1K | $2K | $1 | — | View 990 |
| 2011 | $1K | $1K | $796K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $481K, expenses of $2.5M, and assets of $8.2M (revenue +27.9% year-over-year).
- 2022: Revenue of $376K, expenses of $2.4M, and assets of $10.2M (revenue +4.6% year-over-year).
- 2021: Revenue of $360K, expenses of $4.6M, and assets of $12.2M (revenue -52.3% year-over-year).
- 2020: Revenue of $754K, expenses of $2.6M, and assets of $17.7M (revenue -97.0% year-over-year).
- 2019: Revenue of $25.2M, expenses of $5.7M, and assets of $19.5M (revenue +2459303.3% year-over-year).
- 2015: Revenue of $1K, expenses of $1K, and assets of $264 (revenue +102400.0% year-over-year).
- 2014: Revenue of $1, expenses of $1K, and assets of $264 (revenue -99.9% year-over-year).
- 2013: Revenue of $2K, expenses of $2K, and assets of $2K.
- 2012: Revenue of $-792,649, expenses of $1K, and assets of $2K (revenue -72159.0% year-over-year).
- 2011: Revenue of $1K, expenses of $1K, and assets of $796K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Noel And Harriette Levine Foundation Inc:
Data Sources and Methodology
This transparency report for Noel And Harriette Levine 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.