Nordlys Foundation
Nordlys Foundation maintains strong asset reserves and zero officer compensation amidst fluctuating revenues.
EIN: 146205088 · Saratoga Spgs, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $251K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Nordlys Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Nordlys Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Nordlys Foundation in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $350K and expenses of $251K.
Revenue and Expenses
Nordlys Foundation reported $350K in revenue and $251K in expenses, a surplus of $98K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Nordlys Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $226K (90%) |
Across stored filings, Nordlys Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 11 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Nordlys Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nordlys Foundation
Nordlys Foundation (EIN: 146205088) is a nonprofit organization based in Saratoga Spgs, NY, classified under NTEE code T22. The organization reported total revenue of $8.0M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nordlys Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nordlys Foundation is a mid-size nonprofit that has been operating for 26 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $350K |
| Total Expenses | $251K |
| Surplus / Deficit | +$98K |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | 28.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 52.2 months |
Financial Health Grade: A
In 2023, Nordlys Foundation reported a surplus of $98K with revenue exceeding expenses, holds 52.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Nordlys Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | -12.4% | +9.9% |
| 2022 | +93.2% | +7.1% | +10.4% |
| 2021 | -5.1% | +13.0% | -8.1% |
| 2020 | +650.9% | -13.1% | +17.9% |
| 2019 | +35.4% | +479.3% | -37.6% |
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 Nordlys Foundation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Nordlys 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 surplus of $98K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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.
Strengths
The following positive indicators were identified for Nordlys Foundation:
- Consistent zero officer compensation, indicating high efficiency and dedication.
- Strong asset base relative to annual expenses, providing financial stability (e.g., $1,094,677 assets vs. $251,452 expenses in 202312).
- Minimal liabilities across all filing periods, reflecting sound financial management.
- Recent increase in revenue in 202212 and 202312, suggesting growing support or successful fundraising efforts.
Frequently Asked Questions about Nordlys Foundation
Is Nordlys Foundation a legitimate charity?
Nordlys Foundation (EIN: 146205088) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 11 years of IRS 990 filings on record. Total revenue: $8.0M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Nordlys Foundation spend its money?
Nordlys Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Nordlys Foundation tax-deductible?
Nordlys Foundation is registered as a tax-exempt nonprofit (EIN: 146205088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nordlys Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Nordlys Foundation 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 Nordlys Foundation located?
Nordlys Foundation is headquartered in Saratoga Spgs, New York and files with the IRS under EIN 146205088. It is classified under NTEE code T22.
How many years of IRS 990 filings does Nordlys Foundation have?
Nordlys 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 $8.0M in total revenue.
Is Nordlys Foundation a good charity?
Based on the available IRS 990 data, Nordlys Foundation appears to be a very good charity. It demonstrates strong financial health with significant assets relative to expenses, consistently reports zero officer compensation, and maintains minimal liabilities, all of which point to efficient and responsible financial management.
How has Nordlys Foundation's revenue trended over time?
Nordlys Foundation's revenue has fluctuated significantly. It saw lower revenues in periods like 201912 ($26,448) and 201512 ($19,533), but experienced higher revenues in 202212 ($364,206) and 202312 ($349,783), indicating a recent upward trend in its financial intake.
What is the organization's approach to executive compensation?
The organization has consistently reported 0% for officer compensation in all available filings, suggesting a highly efficient model where executive leadership is either volunteer or compensated through other means not categorized as officer compensation, which is a positive indicator for donor funds.
Does Nordlys Foundation have sufficient assets to cover its operations?
Yes, Nordlys Foundation appears to have more than sufficient assets to cover its operations. In 202312, assets were $1,094,677 against expenses of $251,452, representing over four years of operating expenses in reserves, indicating strong financial stability.
Filing History
IRS 990 filing history for Nordlys Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Nordlys Foundation's revenue has grown by 1459.1%, moving from $22K to $350K. Total assets decreased by 3.9% over the same period, from $1.1M to $1.1M. Total functional expenses rose by 91.6%, from $131K to $251K. In its most recent filing year (2023), Nordlys Foundation reported a surplus of $98K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $350K | $251K | $1.1M | $1 | — | — |
| 2022 | $364K | $287K | $996K | $1 | — | View 990 |
| 2021 | $188K | $268K | $902K | $1 | — | View 990 |
| 2020 | $199K | $237K | $982K | $1 | — | — |
| 2019 | $26K | $273K | $832K | $1 | — | View 990 |
| 2015 | $20K | $47K | $1.3M | $0 | — | View 990 |
| 2015 | $95K | $163K | $1.4M | $1 | — | View 990 |
| 2014 | $673K | $153K | $1.4M | $1 | — | View 990 |
| 2013 | $41K | $139K | $910K | $250 | — | View 990 |
| 2012 | $68K | $199K | $1.0M | $1K | — | View 990 |
| 2011 | $22K | $131K | $1.1M | $250 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $350K, expenses of $251K, and assets of $1.1M (revenue -4.0% year-over-year).
- 2022: Revenue of $364K, expenses of $287K, and assets of $996K (revenue +93.2% year-over-year).
- 2021: Revenue of $188K, expenses of $268K, and assets of $902K (revenue -5.1% year-over-year).
- 2020: Revenue of $199K, expenses of $237K, and assets of $982K (revenue +650.9% year-over-year).
- 2019: Revenue of $26K, expenses of $273K, and assets of $832K (revenue +35.4% year-over-year).
- 2015: Revenue of $20K, expenses of $47K, and assets of $1.3M (revenue -79.5% year-over-year).
- 2015: Revenue of $95K, expenses of $163K, and assets of $1.4M (revenue -85.8% year-over-year).
- 2014: Revenue of $673K, expenses of $153K, and assets of $1.4M (revenue +1556.6% year-over-year).
- 2013: Revenue of $41K, expenses of $139K, and assets of $910K (revenue -40.6% year-over-year).
- 2012: Revenue of $68K, expenses of $199K, and assets of $1.0M (revenue +205.1% year-over-year).
- 2011: Revenue of $22K, expenses of $131K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nordlys Foundation:
Data Sources and Methodology
This transparency report for Nordlys 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.