Nonprofit Finance Fund
Nonprofit Finance Fund shows fluctuating revenues and expenses, with consistent asset growth and no reported officer compensation.
EIN: 133238657 · New York, NY · NTEE: S500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.8M |
| Total Expenses | $26.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $31 |
| Net Assets | $80.2M |
| Transparency Score | 75/100 |
Is Nonprofit Finance Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nonprofit Finance Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nonprofit Finance Fund
Nonprofit Finance Fund (EIN: 133238657) is a nonprofit organization based in New York, NY, classified under NTEE code S500. The organization reported total revenue of $31.8M and total assets of $259.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nonprofit Finance Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nonprofit Finance Fund is a large nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.6M |
| Total Expenses | $26.2M |
| Surplus / Deficit | $-1,555,241 |
| Total Assets | $252.4M |
| Total Liabilities | $172.2M |
| Net Assets | $80.2M |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 68.2% |
| Months of Reserves | 115.7 months |
Financial Health Grade: C
In 2023, Nonprofit Finance Fund reported a deficit of $1.6M with expenses exceeding revenue, holds 115.7 months of operating reserves (strong position), has a debt-to-asset ratio of 68.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Nonprofit Finance Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.9% | +5.6% | -4.6% |
| 2022 | -52.5% | +2.1% | -17.3% |
| 2021 | -34.3% | +20.2% | +2.7% |
| 2020 | +139.9% | -14.9% | +61.8% |
| 2019 | -3.3% | +2.6% | +22.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Nonprofit Finance Fund 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nonprofit Finance Fund 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 $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.2%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available IRS 990 filings is highly unusual for an organization of this size with over $31 million in latest revenue and $259 million in assets. This either indicates that executive compensation is not categorized as 'officer compensation' on the 990 (e.g., paid through a related entity or as independent contractors) or that the organization truly operates without paid officers, which would be a significant anomaly for a financial institution of its scale.
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 Nonprofit Finance Fund's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s for a large organization, warranting further scrutiny.
- Significant revenue volatility and multiple years where expenses exceeded revenue (e.g., 2023, 2022, 2019, 2017, 2015, 2014) indicating potential reliance on reserves or other income sources.
- High liabilities relative to assets, with liabilities at $172,171,984 against assets of $252,356,375 in 2023, which is typical for a financial institution but requires understanding the nature of these liabilities.
Strengths
The following positive indicators were identified for Nonprofit Finance Fund:
- Substantial and growing asset base, reaching $259,586,654, indicating strong financial capacity.
- Long history of IRS 990 filings (14 filings), suggesting consistent compliance and operational longevity.
- Role as a financial intermediary (NTEE S500) provides critical support to the broader nonprofit sector.
Frequently Asked Questions about Nonprofit Finance Fund
Is Nonprofit Finance Fund a legitimate charity?
Nonprofit Finance Fund (EIN: 133238657) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $31.8M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Nonprofit Finance Fund spend its money?
Nonprofit Finance Fund directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nonprofit Finance Fund tax-deductible?
Nonprofit Finance Fund is registered as a tax-exempt nonprofit (EIN: 133238657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nonprofit Finance Fund CEO make?
Nonprofit Finance Fund's highest-compensated officer earns $31 annually. The organization reported $31.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nonprofit Finance Fund's spending goes to programs?
Nonprofit Finance Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nonprofit Finance Fund compare to similar nonprofits?
With a transparency score of 75/100 (Good), Nonprofit Finance Fund is above average for NTEE category S500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nonprofit Finance Fund located?
Nonprofit Finance Fund is headquartered in New York, New York and files with the IRS under EIN 133238657. It is classified under NTEE code S500.
How many years of IRS 990 filings does Nonprofit Finance Fund have?
Nonprofit Finance Fund has 14 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 $31.8M in total revenue.
How does Nonprofit Finance Fund manage its significant revenue volatility, given that expenses exceeded revenue in multiple recent years (e.g., 2023, 2022)?
The organization likely relies on its substantial asset base, investment income, or prior year surpluses to cover operational deficits during periods when expenses exceed revenue. For example, in 2023, expenses were $26,173,540 against revenues of $24,618,299, indicating a deficit covered by other means.
What is the true nature of executive compensation, given that 'Officer Comp' is consistently reported as 0% on all 990 filings despite the organization's size?
This requires further investigation beyond the 990 summary data. It's possible that compensation for key executives is reported under different categories (e.g., 'salaries and wages' for non-officer employees if they are not legally designated as officers for 990 purposes), paid through a related entity, or structured in a way that doesn't appear in the 'Officer Comp' line item. Without this clarity, it's difficult to assess executive pay practices.
How does Nonprofit Finance Fund's NTEE code (S500 - Philanthropy, Voluntarism, and Grantmaking Foundations) influence its financial structure and spending ratios?
As a financial intermediary for other nonprofits, NFF's financial structure likely involves managing significant loan funds or grants, which can lead to a large asset base and liabilities. Its 'program' spending might include direct financial assistance, capacity building, and advisory services to other nonprofits, rather than direct service delivery, which can affect how efficiency is typically measured.
What is the breakdown of the organization's liabilities, which were $172,171,984 in 2023, and how do they relate to its mission?
Given NFF's role as a financial institution for nonprofits, a significant portion of its liabilities likely represents funds held for lending programs, grants payable, or other financial commitments to the sector. Understanding the composition of these liabilities is crucial to assessing its financial health and impact.
Filing History
IRS 990 filing history for Nonprofit Finance Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Nonprofit Finance Fund's revenue has declined by 2.4%, moving from $25.2M to $24.6M. Total assets increased by 165.1% over the same period, from $95.2M to $252.4M. Total functional expenses rose by 10.4%, from $23.7M to $26.2M. In its most recent filing year (2023), Nonprofit Finance Fund reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $172.2M in liabilities against $252.4M in assets (debt-to-asset ratio: 68.2%), resulting in net assets of $80.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.6M | $26.2M | $252.4M | $172.2M | — | — |
| 2022 | $16.9M | $24.8M | $264.4M | $182.7M | — | — |
| 2021 | $35.5M | $24.3M | $319.6M | $230.0M | — | View 990 |
| 2020 | $54.0M | $20.2M | $311.1M | $232.7M | — | — |
| 2019 | $22.5M | $23.7M | $192.3M | $147.6M | — | View 990 |
| 2018 | $23.3M | $23.1M | $156.6M | $110.6M | — | View 990 |
| 2017 | $17.5M | $23.1M | $129.4M | $87.6M | — | View 990 |
| 2016 | $25.5M | $17.8M | $90.5M | $43.1M | — | View 990 |
| 2015 | $13.1M | $15.1M | $79.2M | $39.7M | — | View 990 |
| 2014 | $20.4M | $35.2M | $74.8M | $33.3M | — | View 990 |
| 2013 | $35.1M | $34.2M | $100.4M | $44.0M | — | View 990 |
| 2012 | $34.9M | $31.8M | $99.3M | $43.9M | — | View 990 |
| 2011 | $40.2M | $31.8M | $104.4M | $52.1M | — | View 990 |
| 2010 | $25.2M | $23.7M | $95.2M | $51.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.6M, expenses of $26.2M, and assets of $252.4M (revenue +45.9% year-over-year).
- 2022: Revenue of $16.9M, expenses of $24.8M, and assets of $264.4M (revenue -52.5% year-over-year).
- 2021: Revenue of $35.5M, expenses of $24.3M, and assets of $319.6M (revenue -34.3% year-over-year).
- 2020: Revenue of $54.0M, expenses of $20.2M, and assets of $311.1M (revenue +139.9% year-over-year).
- 2019: Revenue of $22.5M, expenses of $23.7M, and assets of $192.3M (revenue -3.3% year-over-year).
- 2018: Revenue of $23.3M, expenses of $23.1M, and assets of $156.6M (revenue +33.4% year-over-year).
- 2017: Revenue of $17.5M, expenses of $23.1M, and assets of $129.4M (revenue -31.6% year-over-year).
- 2016: Revenue of $25.5M, expenses of $17.8M, and assets of $90.5M (revenue +94.6% year-over-year).
- 2015: Revenue of $13.1M, expenses of $15.1M, and assets of $79.2M (revenue -35.7% year-over-year).
- 2014: Revenue of $20.4M, expenses of $35.2M, and assets of $74.8M (revenue -42.0% year-over-year).
- 2013: Revenue of $35.1M, expenses of $34.2M, and assets of $100.4M (revenue +0.6% year-over-year).
- 2012: Revenue of $34.9M, expenses of $31.8M, and assets of $99.3M (revenue -13.1% year-over-year).
- 2011: Revenue of $40.2M, expenses of $31.8M, and assets of $104.4M (revenue +59.3% year-over-year).
- 2010: Revenue of $25.2M, expenses of $23.7M, and assets of $95.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nonprofit Finance Fund:
Data Sources and Methodology
This transparency report for Nonprofit Finance Fund 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.