Rabbi Isaac Elchanan Theological Seminary
Rabbi Isaac Elchanan Theological Seminary maintains over $100M in assets with no reported officer compensation on 990s.
EIN: 132673756 · New York, NY · NTEE: B500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29.8M |
| Total Expenses | $18.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $29.8M |
| Net Assets | $134.4M |
| Transparency Score | 85/100 |
Is Rabbi Isaac Elchanan Theological Seminary Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rabbi Isaac Elchanan Theological Seminary directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rabbi Isaac Elchanan Theological Seminary
Rabbi Isaac Elchanan Theological Seminary (EIN: 132673756) is a nonprofit organization based in New York, NY, classified under NTEE code B500. The organization reported total revenue of $29.8M and total assets of $138.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rabbi Isaac Elchanan Theological Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rabbi Isaac Elchanan Theological Seminary is a large nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.0M |
| Total Expenses | $18.2M |
| Surplus / Deficit | +$4.9M |
| Total Assets | $136.6M |
| Total Liabilities | $2.2M |
| Net Assets | $134.4M |
| Operating Margin | 21.1% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 90.2 months |
Financial Health Grade: A
In 2023, Rabbi Isaac Elchanan Theological Seminary reported a surplus of $4.9M with revenue exceeding expenses, holds 90.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rabbi Isaac Elchanan Theological Seminary's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.1% | -5.2% | -2.2% |
| 2022 | +33.7% | +9.2% | -9.8% |
| 2021 | +64.6% | +17.2% | +27.7% |
| 2020 | -29.8% | -5.7% | +0.3% |
| 2019 | +58.0% | +0.8% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1973 |
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 Rabbi Isaac Elchanan Theological Seminary with a Mission Score of 85 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, Rabbi Isaac Elchanan Theological Seminary 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 surplus of $4.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available IRS 990 filings, which is highly unusual for an organization of this size ($29.8M latest revenue, $138.4M assets) and suggests compensation may be handled through a related entity or not directly reported as officer compensation on these specific forms.
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 Rabbi Isaac Elchanan Theological Seminary's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, limiting full efficiency analysis.
- Consistent 0% officer compensation for an organization of this size, which, while potentially positive, warrants further investigation into how executive leadership is compensated or supported.
Strengths
The following positive indicators were identified for Rabbi Isaac Elchanan Theological Seminary:
- Strong asset base, consistently over $100 million, providing financial stability.
- Generally positive net income in recent years (e.g., $23M revenue vs. $18M expenses in 2023).
- No reported officer compensation on 990s, indicating potential for high efficiency in executive pay or alternative compensation structures.
- Long filing history (13 filings) demonstrates consistent compliance and operational longevity.
Frequently Asked Questions about Rabbi Isaac Elchanan Theological Seminary
Is Rabbi Isaac Elchanan Theological Seminary a legitimate charity?
Rabbi Isaac Elchanan Theological Seminary (EIN: 132673756) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $29.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Rabbi Isaac Elchanan Theological Seminary spend its money?
Rabbi Isaac Elchanan Theological Seminary directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rabbi Isaac Elchanan Theological Seminary tax-deductible?
Rabbi Isaac Elchanan Theological Seminary is registered as a tax-exempt nonprofit (EIN: 132673756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rabbi Isaac Elchanan Theological Seminary CEO make?
Rabbi Isaac Elchanan Theological Seminary's highest-compensated officer earns $29.8M annually. The organization reported $29.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rabbi Isaac Elchanan Theological Seminary's spending goes to programs?
Rabbi Isaac Elchanan Theological Seminary directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rabbi Isaac Elchanan Theological Seminary compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rabbi Isaac Elchanan Theological Seminary is above average for NTEE category B500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rabbi Isaac Elchanan Theological Seminary located?
Rabbi Isaac Elchanan Theological Seminary is headquartered in New York, New York and files with the IRS under EIN 132673756. It is classified under NTEE code B500.
How many years of IRS 990 filings does Rabbi Isaac Elchanan Theological Seminary have?
Rabbi Isaac Elchanan Theological Seminary has 13 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 $29.8M in total revenue.
How does Rabbi Isaac Elchanan Theological Seminary manage executive compensation if 0% is reported on all 990s?
The consistent reporting of 0% for officer compensation across all 13 filings suggests that executive compensation may be paid by a related organization, or that the individuals serving as officers are not compensated directly by the seminary in a manner that requires reporting on this specific line item of the 990.
What is the actual breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed functional expense breakdown. While a hypothetical breakdown was provided in the JSON, a definitive answer would require reviewing the full IRS 990 forms, specifically Part IX, Statement of Functional Expenses.
Is the organization's revenue growth sustainable given the fluctuations?
Revenue has fluctuated significantly, from a low of $11,431,153 in 2016 to a high of $32,501,491 in 2022. While there's no clear linear growth, the organization has consistently generated substantial revenue, often exceeding expenses, indicating a resilient funding model, though subject to year-to-year variations.
Filing History
IRS 990 filing history for Rabbi Isaac Elchanan Theological Seminary showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rabbi Isaac Elchanan Theological Seminary's revenue has grown by 20.8%, moving from $19.1M to $23.0M. Total assets increased by 5.3% over the same period, from $129.7M to $136.6M. Total functional expenses fell by 18.1%, from $22.2M to $18.2M. In its most recent filing year (2023), Rabbi Isaac Elchanan Theological Seminary reported a surplus of $4.9M, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $136.6M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $134.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.0M | $18.2M | $136.6M | $2.2M | — | — |
| 2022 | $32.5M | $19.2M | $139.7M | $3.9M | — | View 990 |
| 2021 | $24.3M | $17.6M | $154.9M | $4.5M | — | — |
| 2020 | $14.8M | $15.0M | $121.4M | $4.2M | — | — |
| 2019 | $21.0M | $15.9M | $121.0M | $3.5M | — | View 990 |
| 2018 | $13.3M | $15.8M | $126.9M | $4.4M | — | View 990 |
| 2017 | $15.3M | $16.1M | $126.7M | $6.1M | — | — |
| 2016 | $11.4M | $16.1M | $123.9M | $5.9M | — | View 990 |
| 2015 | $12.0M | $16.2M | $134.2M | $6.0M | — | View 990 |
| 2014 | $19.6M | $19.5M | $139.6M | $7.9M | — | View 990 |
| 2013 | $21.8M | $18.0M | $135.7M | $12.9M | — | View 990 |
| 2012 | $12.2M | $19.1M | $122.7M | $4.6M | — | View 990 |
| 2011 | $19.1M | $22.2M | $129.7M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.0M, expenses of $18.2M, and assets of $136.6M (revenue -29.1% year-over-year).
- 2022: Revenue of $32.5M, expenses of $19.2M, and assets of $139.7M (revenue +33.7% year-over-year).
- 2021: Revenue of $24.3M, expenses of $17.6M, and assets of $154.9M (revenue +64.6% year-over-year).
- 2020: Revenue of $14.8M, expenses of $15.0M, and assets of $121.4M (revenue -29.8% year-over-year).
- 2019: Revenue of $21.0M, expenses of $15.9M, and assets of $121.0M (revenue +58.0% year-over-year).
- 2018: Revenue of $13.3M, expenses of $15.8M, and assets of $126.9M (revenue -12.8% year-over-year).
- 2017: Revenue of $15.3M, expenses of $16.1M, and assets of $126.7M (revenue +33.6% year-over-year).
- 2016: Revenue of $11.4M, expenses of $16.1M, and assets of $123.9M (revenue -5.0% year-over-year).
- 2015: Revenue of $12.0M, expenses of $16.2M, and assets of $134.2M (revenue -38.5% year-over-year).
- 2014: Revenue of $19.6M, expenses of $19.5M, and assets of $139.6M (revenue -10.4% year-over-year).
- 2013: Revenue of $21.8M, expenses of $18.0M, and assets of $135.7M (revenue +78.7% year-over-year).
- 2012: Revenue of $12.2M, expenses of $19.1M, and assets of $122.7M (revenue -36.0% year-over-year).
- 2011: Revenue of $19.1M, expenses of $22.2M, and assets of $129.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rabbi Isaac Elchanan Theological Seminary:
Data Sources and Methodology
This transparency report for Rabbi Isaac Elchanan Theological Seminary 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.