Redlich Horwitz Foundation
Redlich Horwitz Foundation: Declining Revenue, High Assets, and Minimal Program Spending
EIN: 222798198 · Chappaqua, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $17.7M |
| Total Expenses | $5.4M |
| CEO/Top Officer Pay | $5,362,133 |
| Net Assets | $33.1M |
| Transparency Score | 45/100 |
Is Redlich Horwitz Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Redlich Horwitz Foundation
Redlich Horwitz Foundation (EIN: 222798198) is a nonprofit organization based in Chappaqua, NY. The organization reported total revenue of $17.7M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Redlich Horwitz Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Redlich Horwitz Foundation is a large nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-865,016 |
| Total Assets | $34.7M |
| Total Liabilities | $1.6M |
| Net Assets | $33.1M |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 77.7 months |
Financial Health Grade: B
In 2023, Redlich Horwitz Foundation reported a deficit of $865K with expenses exceeding revenue, holds 77.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Redlich Horwitz Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +537.4% | -4.6% | -11.7% |
| 2022 | -86.8% | +31.0% | -6.4% |
| 2021 | +107.6% | -6.2% | +9.3% |
| 2020 | -27.4% | +19.0% | -9.7% |
| 2019 | -63.2% | +102.9% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Redlich Horwitz Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Redlich Horwitz Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $865K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Without specific compensation figures for executives, it's impossible to assess the reasonableness of executive compensation; however, the 'x' (expenses) category, which includes administrative costs, has been substantial, reaching $5,362,133 in 2023.
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 Redlich Horwitz Foundation's IRS 990 filings:
- 0% program spending across all reported years, indicating no direct charitable activities.
- Significant decline in revenue from $9,616,596 in 2015 to $449,7117 in 2023, while assets remain high.
- Large 'x' (expenses) figures, such as $5,362,133 in 2023, with no corresponding program spending, suggests high administrative or other non-programmatic costs.
- The 'l' (liabilities) consistently being '1' or '0' suggests minimal financial obligations, which could be a strength but also raises questions about the nature of expenses if not for programs.
Strengths
The following positive indicators were identified for Redlich Horwitz Foundation:
- Maintains a substantial asset base, with $34,738,847 in 2023, indicating financial stability.
- Consistent filing of 990-PF forms, providing transparency into financial operations.
Frequently Asked Questions about Redlich Horwitz Foundation
Is Redlich Horwitz Foundation a legitimate charity?
Redlich Horwitz Foundation (EIN: 222798198) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $17.7M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Redlich Horwitz Foundation spend its money?
Redlich Horwitz Foundation reported $17.7M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Redlich Horwitz Foundation tax-deductible?
Redlich Horwitz Foundation is registered as a tax-exempt nonprofit (EIN: 222798198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Redlich Horwitz Foundation CEO make?
Redlich Horwitz Foundation's highest-compensated officer earns $5,362,133 annually. The organization reported $17.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Redlich Horwitz Foundation located?
Redlich Horwitz Foundation is headquartered in Chappaqua, New York and files with the IRS under EIN 222798198.
How many years of IRS 990 filings does Redlich Horwitz Foundation have?
Redlich Horwitz Foundation 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 $17.7M in total revenue.
What does Redlich Horwitz Foundation do?
Redlich Horwitz Foundation is a nonprofit organization in the Unknown sector, located in Chappaqua, New York. It is classified under NTEE code Unknown.
How much revenue does Redlich Horwitz Foundation have?
Redlich Horwitz Foundation reported total revenue of $17,718,012. Based on 10 IRS 990 filings on record.
What are Redlich Horwitz Foundation's total assets?
Redlich Horwitz Foundation holds total assets of $17,108,932 as reported in IRS 990 filings.
Where is Redlich Horwitz Foundation located?
Redlich Horwitz Foundation is based in Chappaqua, New York.
What is Redlich Horwitz Foundation's EIN?
Redlich Horwitz Foundation's Employer Identification Number (EIN) is 222798198. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Redlich Horwitz Foundation?
Redlich Horwitz Foundation is classified under NTEE code Unknown (Unknown).
Is Redlich Horwitz Foundation a registered 501(c)(3)?
Redlich Horwitz Foundation appears in IRS records (EIN: 222798198). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Redlich Horwitz Foundation file IRS Form 990?
Yes, Redlich Horwitz Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Redlich Horwitz Foundation's revenue in 2023?
In the 202312 filing period, Redlich Horwitz Foundation reported total revenue of $4,497,117, total expenses of $5,362,133, and net assets of $34,738,847.
Is Redlich Horwitz Foundation's revenue growing or declining?
Redlich Horwitz Foundation's revenue is growing. Revenue went from $705,556 (202212) to $4,497,117 (202312), a +537.4% change. Based on 10 filings on record.
What is Redlich Horwitz Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Redlich Horwitz Foundation covers tax period 202312. It shows revenue of $4,497,117, expenses of $5,362,133, total assets of $34,738,847, and liabilities of $1,617,597.
Is Redlich Horwitz Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Redlich Horwitz Foundation shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 2 strengths noted.
What are the red flags for Redlich Horwitz Foundation?
The following concerns were identified: 0% program spending across all reported years, indicating no direct charitable activities.. Significant decline in revenue from $9,616,596 in 2015 to $449,7117 in 2023, while assets remain high.. Large 'x' (expenses) figures, such as $5,362,133 in 2023, with no corresponding program spending, suggests high administrative or other non-programmatic costs.. The 'l' (liabilities) consistently being '1' or '0' suggests minimal financial obligations, which could be a strength but also raises questions about the nature of expenses if not for programs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Redlich Horwitz Foundation's strengths?
Positive indicators for Redlich Horwitz Foundation include: Maintains a substantial asset base, with $34,738,847 in 2023, indicating financial stability.. Consistent filing of 990-PF forms, providing transparency into financial operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Redlich Horwitz Foundation compensate executives?
Without specific compensation figures for executives, it's impossible to assess the reasonableness of executive compensation; however, the 'x' (expenses) category, which includes administrative costs, has been substantial, reaching $5,362,133 in 2023. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending and substantial expenses (e.g., $5,362,133 in 2023), what is the primary function or charitable purpose of the Redlich Horwitz Foundation, and how are its assets being utilized to achieve this purpose?
The provided data indicates that the foundation has consistently reported 0% of its expenses going towards programs. While it holds significant assets, the 'x' (expenses) category, which includes administrative costs, is substantial. Without further detail on what these expenses entail, it's unclear how the foundation is fulfilling a charitable purpose or utilizing its assets for public benefit.
With declining revenue but consistently high assets, what is the foundation's long-term strategy for asset management and sustainability, especially considering the lack of direct program expenditures?
The foundation has seen a significant drop in revenue over the years (e.g., from $9,616,596 in 2015 to $449,7117 in 2023) but maintains a large asset base ($34,738,847 in 2023). The absence of program spending suggests that asset management and investment activities might be the primary focus, but the strategy for sustaining these assets and eventually deploying them for charitable purposes is not evident from the data.
Filing History
IRS 990 filing history for Redlich Horwitz Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Redlich Horwitz Foundation's revenue has grown by 368.1%, moving from $961K to $4.5M. Total assets increased by 72.2% over the same period, from $20.2M to $34.7M. Total functional expenses rose by 576.4%, from $793K to $5.4M. In its most recent filing year (2023), Redlich Horwitz Foundation reported a deficit of $865K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $34.7M in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $33.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $5.4M | $34.7M | $1.6M | — | — |
| 2022 | $706K | $5.6M | $39.3M | $1 | — | View 990 |
| 2021 | $5.3M | $4.3M | $42.0M | $1 | — | View 990 |
| 2020 | $2.6M | $4.6M | $38.5M | $1 | — | View 990 |
| 2019 | $3.5M | $3.8M | $42.6M | $1 | — | — |
| 2015 | $9.6M | $1.9M | $40.1M | $1 | — | View 990 |
| 2014 | $7.1M | $1.4M | $32.4M | $1 | — | View 990 |
| 2013 | $1.1M | $1.1M | $26.6M | $1 | — | View 990 |
| 2012 | $7.4M | $726K | $26.7M | $1 | — | View 990 |
| 2011 | $961K | $793K | $20.2M | $174K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $5.4M, and assets of $34.7M (revenue +537.4% year-over-year).
- 2022: Revenue of $706K, expenses of $5.6M, and assets of $39.3M (revenue -86.8% year-over-year).
- 2021: Revenue of $5.3M, expenses of $4.3M, and assets of $42.0M (revenue +107.6% year-over-year).
- 2020: Revenue of $2.6M, expenses of $4.6M, and assets of $38.5M (revenue -27.4% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.8M, and assets of $42.6M (revenue -63.2% year-over-year).
- 2015: Revenue of $9.6M, expenses of $1.9M, and assets of $40.1M (revenue +34.8% year-over-year).
- 2014: Revenue of $7.1M, expenses of $1.4M, and assets of $32.4M (revenue +567.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $26.6M (revenue -85.5% year-over-year).
- 2012: Revenue of $7.4M, expenses of $726K, and assets of $26.7M (revenue +669.6% year-over-year).
- 2011: Revenue of $961K, expenses of $793K, and assets of $20.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Redlich Horwitz Foundation:
Data Sources and Methodology
This transparency report for Redlich Horwitz 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.