S & L Marx Foundation Inc
S & L Marx Foundation consistently spends more than annual revenue, drawing from its substantial $75M+ endowment.
EIN: 200677535 · Greenwich, CT · NTEE: T20 · Updated: 2026-03-28
Is S & L Marx Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
S & L Marx Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About S & L Marx Foundation Inc
S & L Marx Foundation Inc (EIN: 200677535) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T20. The organization reported total revenue of $32.3M and total assets of $83.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of S & L Marx Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
S & L Marx Foundation Inc is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-1,672,870 |
| Total Assets | $75.4M |
| Total Liabilities | $1 |
| Net Assets | $75.4M |
| Operating Margin | -45.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.2 months |
Financial Health Grade: B
In 2023, S & L Marx Foundation Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 168.2 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), S & L Marx Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.1% | +0.2% | -2.2% |
| 2022 | -30.5% | +1.1% | +0.7% |
| 2021 | +156.1% | +5.5% | +4.3% |
| 2020 | -9.5% | +0.3% | -19.0% |
| 2019 | -10.2% | +11.8% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 S & L Marx 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: 95%
- fundraising: 0%
According to IRS 990 filings, S & L Marx Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 S & L Marx Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) without clear explanation of sustainability beyond endowment draw
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data
Strengths
The following positive indicators were identified for S & L Marx Foundation Inc:
- Substantial and stable asset base (over $75 million in recent years)
- Consistently low liabilities ($0 or $1 reported)
- No reported officer compensation, indicating efficient leadership cost structure
- Consistent filing of IRS 990 forms, demonstrating transparency
- Active deployment of capital, with expenses consistently exceeding annual revenue
Frequently Asked Questions about S & L Marx Foundation Inc
Is S & L Marx Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, S & L Marx Foundation Inc (EIN: 200677535) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does S & L Marx Foundation Inc spend its money?
S & L Marx Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to S & L Marx Foundation Inc tax-deductible?
S & L Marx Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200677535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities or grants funded by the S & L Marx Foundation?
The provided data does not detail specific program activities or grant recipients. As a private foundation (NTEE T20), its primary activity is typically grantmaking to other organizations.
How does the foundation manage its investment portfolio to sustain its spending?
While the data shows significant assets and consistent spending exceeding revenue, the specific investment strategies or returns that sustain this model are not detailed in the provided summary.
What is the breakdown of expenses beyond total expenses, specifically for program services, management, and fundraising?
The provided data only gives total revenue and expenses. A detailed breakdown of program, administrative, and fundraising expenses would require reviewing the full IRS 990 forms.
Filing History
IRS 990 filing history for S & L Marx Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), S & L Marx Foundation Inc's revenue has grown by 13.6%, moving from $3.3M to $3.7M. Total assets decreased by 1% over the same period, from $76.1M to $75.4M. Total functional expenses rose by 39.8%, from $3.8M to $5.4M. In its most recent filing year (2023), S & L Marx Foundation Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $75.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $75.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $5.4M | $75.4M | $1 | — | View 990 |
| 2022 | $5.9M | $5.4M | $77.0M | $1 | — | View 990 |
| 2021 | $8.5M | $5.3M | $76.5M | $1 | — | View 990 |
| 2020 | $3.3M | $5.0M | $73.4M | $1 | — | View 990 |
| 2019 | $3.7M | $5.0M | $90.6M | $1 | — | View 990 |
| 2015 | $4.1M | $4.5M | $81.4M | $0 | — | View 990 |
| 2014 | $4.2M | $4.5M | $88.0M | $0 | — | View 990 |
| 2013 | $3.3M | $4.3M | $86.2M | $0 | — | View 990 |
| 2012 | $3.0M | $4.1M | $79.5M | $0 | — | View 990 |
| 2011 | $3.3M | $3.8M | $76.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $5.4M, and assets of $75.4M (revenue -37.1% year-over-year).
- 2022: Revenue of $5.9M, expenses of $5.4M, and assets of $77.0M (revenue -30.5% year-over-year).
- 2021: Revenue of $8.5M, expenses of $5.3M, and assets of $76.5M (revenue +156.1% year-over-year).
- 2020: Revenue of $3.3M, expenses of $5.0M, and assets of $73.4M (revenue -9.5% year-over-year).
- 2019: Revenue of $3.7M, expenses of $5.0M, and assets of $90.6M (revenue -10.2% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.5M, and assets of $81.4M (revenue -3.0% year-over-year).
- 2014: Revenue of $4.2M, expenses of $4.5M, and assets of $88.0M (revenue +25.8% year-over-year).
- 2013: Revenue of $3.3M, expenses of $4.3M, and assets of $86.2M (revenue +11.9% year-over-year).
- 2012: Revenue of $3.0M, expenses of $4.1M, and assets of $79.5M (revenue -8.5% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.8M, and assets of $76.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for S & L Marx Foundation Inc:
Data Sources and Methodology
This transparency report for S & L Marx 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.