Russell Sage Foundation
Russell Sage Foundation maintains robust financial health with significant assets and consistent operational surpluses.
EIN: 131635303 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $48.1M |
| Total Expenses | $19.4M |
| Program Spending | 85% |
| Net Assets | $412.7M |
| Transparency Score | 88/100 |
Is Russell Sage Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Russell Sage Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Russell Sage Foundation
Russell Sage Foundation (EIN: 131635303) is a nonprofit organization based in New York, NY. The organization reported total revenue of $48.1M and total assets of $466.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russell Sage Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russell Sage Foundation is a large nonprofit that has been operating for 67 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42.2M |
| Total Expenses | $19.4M |
| Surplus / Deficit | +$22.8M |
| Total Assets | $423.2M |
| Total Liabilities | $10.5M |
| Net Assets | $412.7M |
| Operating Margin | 54.1% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 261.9 months |
Financial Health Grade: A
In 2023, Russell Sage Foundation reported a surplus of $22.8M with revenue exceeding expenses, holds 261.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Russell Sage Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +229.4% | +19.2% | +8.1% |
| 2022 | -74.0% | -6.7% | -13.4% |
| 2021 | +31.7% | +3.6% | +20.9% |
| 2020 | +140.9% | -8.9% | +10.9% |
| 2019 | -78.8% | +47.1% | +20.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Russell Sage Foundation with a Mission Score of 88 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, Russell Sage Foundation 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 $22.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization of this size and suggests that either compensation is not categorized under 'Officer Comp' or is exceptionally low, warranting further scrutiny for full transparency.
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 Russell Sage Foundation's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Russell Sage Foundation:
- Strong and growing asset base, with latest assets at $466,906,661.
- Consistent operational surpluses, with revenue frequently exceeding expenses (e.g., $42.2M revenue vs. $19.4M expenses in 2023).
- Demonstrates long-term financial stability and growth.
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $10.4M liabilities vs. $423.1M assets in 2023).
Frequently Asked Questions about Russell Sage Foundation
Is Russell Sage Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Russell Sage Foundation (EIN: 131635303) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Russell Sage Foundation spend its money?
Russell Sage Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Russell Sage Foundation tax-deductible?
Russell Sage Foundation is registered as a tax-exempt nonprofit (EIN: 131635303). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Russell Sage Foundation's spending goes to programs?
Russell Sage Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Russell Sage Foundation located?
Russell Sage Foundation is headquartered in New York, New York and files with the IRS under EIN 131635303.
How many years of IRS 990 filings does Russell Sage Foundation have?
Russell Sage 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 $48.1M in total revenue.
Is Russell Sage Foundation a good charity?
Based on its strong financial health, substantial assets ($466,906,661), and consistent operational surpluses, the Russell Sage Foundation appears to be a well-managed organization. Its consistent reporting of 0% officer compensation is noteworthy, though it would be beneficial to understand how key personnel are compensated if not through this category.
How does Russell Sage Foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses effectively, with expenses typically significantly lower than revenue. For example, in 2023, expenses were $19,389,715 against revenue of $42,228,265, allowing for substantial asset growth.
What is the trend in Russell Sage Foundation's assets?
The foundation's assets have shown consistent growth over the past decade, increasing from $218,096,723 in 2011 to $466,906,661 in the latest period, indicating strong financial stewardship and investment performance.
Filing History
IRS 990 filing history for Russell Sage Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Russell Sage Foundation's revenue has grown by 433.1%, moving from $7.9M to $42.2M. Total assets increased by 94% over the same period, from $218.1M to $423.2M. Total functional expenses rose by 61.7%, from $12.0M to $19.4M. In its most recent filing year (2023), Russell Sage Foundation reported a surplus of $22.8M, with revenue exceeding expenses. The organization holds $10.5M in liabilities against $423.2M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $412.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42.2M | $19.4M | $423.2M | $10.5M | — | — |
| 2022 | $12.8M | $16.3M | $391.5M | $9.1M | — | View 990 |
| 2021 | $49.4M | $17.4M | $452.1M | $10.1M | — | View 990 |
| 2020 | $37.5M | $16.8M | $373.9M | $9.2M | — | View 990 |
| 2019 | $15.6M | $18.5M | $337.3M | $9.0M | — | View 990 |
| 2015 | $73.4M | $12.6M | $281.1M | $3.4M | — | View 990 |
| 2014 | $16.4M | $13.6M | $292.6M | $2.8M | — | View 990 |
| 2013 | $13.1M | $12.9M | $253.5M | $1.6M | — | View 990 |
| 2012 | $8.6M | $13.0M | $227.9M | $1.4M | — | View 990 |
| 2011 | $7.9M | $12.0M | $218.1M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42.2M, expenses of $19.4M, and assets of $423.2M (revenue +229.4% year-over-year).
- 2022: Revenue of $12.8M, expenses of $16.3M, and assets of $391.5M (revenue -74.0% year-over-year).
- 2021: Revenue of $49.4M, expenses of $17.4M, and assets of $452.1M (revenue +31.7% year-over-year).
- 2020: Revenue of $37.5M, expenses of $16.8M, and assets of $373.9M (revenue +140.9% year-over-year).
- 2019: Revenue of $15.6M, expenses of $18.5M, and assets of $337.3M (revenue -78.8% year-over-year).
- 2015: Revenue of $73.4M, expenses of $12.6M, and assets of $281.1M (revenue +348.0% year-over-year).
- 2014: Revenue of $16.4M, expenses of $13.6M, and assets of $292.6M (revenue +25.5% year-over-year).
- 2013: Revenue of $13.1M, expenses of $12.9M, and assets of $253.5M (revenue +51.3% year-over-year).
- 2012: Revenue of $8.6M, expenses of $13.0M, and assets of $227.9M (revenue +9.0% year-over-year).
- 2011: Revenue of $7.9M, expenses of $12.0M, and assets of $218.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Russell Sage Foundation:
Data Sources and Methodology
This transparency report for Russell Sage 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.