Prospect Hill Foundation Inc
Prospect Hill Foundation maintains substantial assets with zero reported officer compensation over a decade.
EIN: 136075567 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $4.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $70 |
| Net Assets | $74.1M |
| Transparency Score | 92/100 |
Is Prospect Hill Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prospect Hill Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prospect Hill Foundation Inc
Prospect Hill Foundation Inc (EIN: 136075567) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.0M and total assets of $78.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prospect Hill Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prospect Hill Foundation Inc is a mid-size nonprofit that has been operating for 65 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-2,413,717 |
| Total Assets | $74.1M |
| Total Liabilities | $1 |
| Net Assets | $74.1M |
| Operating Margin | -96.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.9 months |
Financial Health Grade: B
In 2023, Prospect Hill Foundation Inc reported a deficit of $2.4M with expenses exceeding revenue, holds 180.9 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), Prospect Hill Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.5% | +3.8% | -1.0% |
| 2022 | +73.5% | +16.6% | -15.9% |
| 2021 | -14.4% | -6.3% | +27.2% |
| 2020 | +64.1% | -0.2% | +0.5% |
| 2019 | -46.1% | +10.2% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1961 |
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 Prospect Hill Foundation Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Prospect Hill Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all ten available filings, indicating that the organization's leadership either volunteers their time or is compensated through other means not classified as officer compensation, which is highly unusual for an organization with assets exceeding $70 million.
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 Prospect Hill Foundation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization with significant assets, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Prospect Hill Foundation Inc:
- Strong and stable asset base, consistently around $70 million, indicating long-term financial health.
- Consistently reported 0% officer compensation, suggesting highly efficient use of funds for programmatic purposes.
- Minimal liabilities ($0 or $1 across all filings), indicating sound financial management and low debt.
- Consistent IRS 990 filing history over a decade, demonstrating good transparency practices.
Frequently Asked Questions about Prospect Hill Foundation Inc
Is Prospect Hill Foundation Inc a legitimate charity?
Prospect Hill Foundation Inc (EIN: 136075567) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Prospect Hill Foundation Inc spend its money?
Prospect Hill Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Prospect Hill Foundation Inc tax-deductible?
Prospect Hill Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136075567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Prospect Hill Foundation Inc CEO make?
Prospect Hill Foundation Inc's highest-compensated officer earns $70 annually. The organization reported $6.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Prospect Hill Foundation Inc's spending goes to programs?
Prospect Hill Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Prospect Hill Foundation Inc located?
Prospect Hill Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136075567.
How many years of IRS 990 filings does Prospect Hill Foundation Inc have?
Prospect Hill 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 $6.0M in total revenue.
How does Prospect Hill Foundation Inc sustain its operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or compensation is structured in a way that it is not reported under 'officer compensation' on the 990, which is uncommon for an organization of this size and asset base. Further investigation into their specific operational model would be needed.
What are the primary grant-making areas of Prospect Hill Foundation Inc?
The provided IRS 990 data does not specify the NTEE code or the specific programmatic areas of the foundation. To understand their grant-making focus, one would need to review their full 990 filings or their official website.
Is the foundation's fluctuating revenue a concern for its long-term stability?
Fluctuating revenue is typical for foundations, as it often depends on investment performance and market conditions. Given the foundation's substantial and stable asset base, which has consistently been around $70 million, these fluctuations are likely managed through their endowment and do not appear to threaten long-term stability. For example, in 2023, expenses exceeded revenue by over $2.4 million, but the foundation's assets remained robust at $74.1 million.
Filing History
IRS 990 filing history for Prospect Hill Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Prospect Hill Foundation Inc's revenue has grown by 34.6%, moving from $1.9M to $2.5M. Total assets increased by 18.7% over the same period, from $62.4M to $74.1M. Total functional expenses rose by 30.9%, from $3.8M to $4.9M. In its most recent filing year (2023), Prospect Hill Foundation Inc reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $74.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $74.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $4.9M | $74.1M | $1 | — | View 990 |
| 2022 | $7.7M | $4.7M | $74.9M | $1 | — | View 990 |
| 2021 | $4.4M | $4.1M | $89.0M | $1 | — | View 990 |
| 2020 | $5.2M | $4.3M | $69.9M | $1 | — | View 990 |
| 2019 | $3.2M | $4.3M | $69.6M | $1 | — | View 990 |
| 2015 | $5.9M | $3.9M | $62.5M | $0 | — | View 990 |
| 2014 | $3.7M | $4.3M | $65.0M | $0 | — | View 990 |
| 2013 | $4.8M | $3.3M | $61.5M | $0 | — | View 990 |
| 2012 | $3.0M | $4.0M | $58.9M | $0 | — | View 990 |
| 2011 | $1.9M | $3.8M | $62.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $4.9M, and assets of $74.1M (revenue -67.5% year-over-year).
- 2022: Revenue of $7.7M, expenses of $4.7M, and assets of $74.9M (revenue +73.5% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.1M, and assets of $89.0M (revenue -14.4% year-over-year).
- 2020: Revenue of $5.2M, expenses of $4.3M, and assets of $69.9M (revenue +64.1% year-over-year).
- 2019: Revenue of $3.2M, expenses of $4.3M, and assets of $69.6M (revenue -46.1% year-over-year).
- 2015: Revenue of $5.9M, expenses of $3.9M, and assets of $62.5M (revenue +58.7% year-over-year).
- 2014: Revenue of $3.7M, expenses of $4.3M, and assets of $65.0M (revenue -23.0% year-over-year).
- 2013: Revenue of $4.8M, expenses of $3.3M, and assets of $61.5M (revenue +57.6% year-over-year).
- 2012: Revenue of $3.0M, expenses of $4.0M, and assets of $58.9M (revenue +63.9% year-over-year).
- 2011: Revenue of $1.9M, expenses of $3.8M, and assets of $62.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prospect Hill Foundation Inc:
Data Sources and Methodology
This transparency report for Prospect Hill 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.