Raymond And Sharon Haber Foundation Inc
Raymond And Sharon Haber Foundation consistently disburses nearly all revenue with no reported officer compensation.
EIN: 202059762 · Avenel, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.1M |
| Program Spending | 90% |
| Net Assets | $82K |
| Transparency Score | 85/100 |
Is Raymond And Sharon Haber Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Raymond And Sharon Haber Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Raymond And Sharon Haber Foundation Inc
Raymond And Sharon Haber Foundation Inc (EIN: 202059762) is a nonprofit organization based in Avenel, NJ. The organization reported total revenue of $3.1M and total assets of $60K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raymond And Sharon Haber Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raymond And Sharon Haber Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$8K |
| Total Assets | $82K |
| Total Liabilities | $1 |
| Net Assets | $82K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.3 months |
Financial Health Grade: A
In 2023, Raymond And Sharon Haber Foundation Inc reported a surplus of $8K with revenue exceeding expenses, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Raymond And Sharon Haber Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +2.6% | +11.0% |
| 2022 | +28.8% | +30.8% | -7.0% |
| 2021 | +14.6% | +17.2% | +55.4% |
| 2020 | +10.8% | +4.2% | +46.8% |
| 2019 | +31.8% | +34.4% | +3474900.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Raymond And Sharon Haber Foundation Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Raymond And Sharon Haber Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly commendable for an organization with multi-million dollar revenues, indicating a strong commitment to mission-focused spending.
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 Raymond And Sharon Haber Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- NTEE code is unknown, hindering sector-specific analysis
Strengths
The following positive indicators were identified for Raymond And Sharon Haber Foundation Inc:
- Consistent 0% officer compensation across all filings
- Revenues closely match expenses, indicating efficient fund disbursement
- Minimal liabilities, suggesting fiscal responsibility
- Consistent revenue growth over the past decade (e.g., $880,000 in 2011 to $3,120,000 in 2023)
Frequently Asked Questions about Raymond And Sharon Haber Foundation Inc
Is Raymond And Sharon Haber Foundation Inc a legitimate charity?
Raymond And Sharon Haber Foundation Inc (EIN: 202059762) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Raymond And Sharon Haber Foundation Inc spend its money?
Raymond And Sharon Haber Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Raymond And Sharon Haber Foundation Inc tax-deductible?
Raymond And Sharon Haber Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202059762). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Raymond And Sharon Haber Foundation Inc's spending goes to programs?
Raymond And Sharon Haber Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Raymond And Sharon Haber Foundation Inc located?
Raymond And Sharon Haber Foundation Inc is headquartered in Avenel, New Jersey and files with the IRS under EIN 202059762.
How many years of IRS 990 filings does Raymond And Sharon Haber Foundation Inc have?
Raymond And Sharon Haber 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 $3.1M in total revenue.
What are the specific programs or grants funded by the Raymond And Sharon Haber Foundation Inc?
The provided IRS 990 data does not detail the specific programs or grants funded by the organization. Further investigation into their public disclosures or website would be necessary to understand their programmatic activities.
How does the organization manage to operate with such low assets relative to its revenue?
The low asset base suggests that the foundation operates primarily as a pass-through entity, receiving funds and disbursing them quickly, rather than accumulating significant reserves or endowments. This is common for grant-making foundations.
What is the NTEE code for this organization, and how does it align with its activities?
The NTEE code for this organization is listed as 'Unknown' in the provided data. Knowing the NTEE code would help classify its primary area of activity and allow for comparison with similar organizations.
Filing History
IRS 990 filing history for Raymond And Sharon Haber Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Raymond And Sharon Haber Foundation Inc's revenue has grown by 254.5%, moving from $880K to $3.1M. Total assets increased by 295.6% over the same period, from $21K to $82K. Total functional expenses rose by 105.8%, from $1.5M to $3.1M. In its most recent filing year (2023), Raymond And Sharon Haber Foundation Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1 in liabilities against $82K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $82K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.1M | $82K | $1 | — | — |
| 2022 | $3.0M | $3.0M | $74K | $1 | — | View 990 |
| 2021 | $2.4M | $2.3M | $79K | $1 | — | View 990 |
| 2020 | $2.0M | $2.0M | $51K | $2K | — | View 990 |
| 2019 | $1.9M | $1.9M | $35K | $58K | — | View 990 |
| 2015 | $1.4M | $1.4M | $1 | $3K | — | View 990 |
| 2014 | $1.1M | $1.2M | $6K | $0 | — | View 990 |
| 2013 | $1.3M | $1.2M | $14K | $0 | — | View 990 |
| 2012 | $1.4M | $1.5M | $16K | $38K | — | View 990 |
| 2011 | $880K | $1.5M | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.1M, and assets of $82K (revenue +3.1% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.0M, and assets of $74K (revenue +28.8% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $79K (revenue +14.6% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.0M, and assets of $51K (revenue +10.8% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $35K (revenue +31.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $1 (revenue +22.1% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $6K (revenue -8.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $14K (revenue -12.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $16K (revenue +61.9% year-over-year).
- 2011: Revenue of $880K, expenses of $1.5M, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raymond And Sharon Haber Foundation Inc:
Data Sources and Methodology
This transparency report for Raymond And Sharon Haber 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.