Samuel H Kress Foundation
Samuel H Kress Foundation consistently distributes grants from a stable endowment, often exceeding annual revenue.
EIN: 131624176 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.4M |
| Total Expenses | $4.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $90 |
| Net Assets | $78.2M |
| Transparency Score | 92/100 |
Is Samuel H Kress Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Samuel H Kress Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Samuel H Kress Foundation
Samuel H Kress Foundation (EIN: 131624176) is a nonprofit organization based in New York, NY. The organization reported total revenue of $30.4M and total assets of $88.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samuel H Kress Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samuel H Kress Foundation is a large nonprofit that has been operating for 88 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-2,433,103 |
| Total Assets | $81.6M |
| Total Liabilities | $3.4M |
| Net Assets | $78.2M |
| Operating Margin | -106.3% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 207.4 months |
Financial Health Grade: B
In 2023, Samuel H Kress Foundation reported a deficit of $2.4M with expenses exceeding revenue, holds 207.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Samuel H Kress Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.5% | +19.8% | +7.7% |
| 2022 | +15.1% | +26.2% | -22.0% |
| 2021 | +198.4% | -21.7% | +21.8% |
| 2020 | -53.8% | -59.8% | -8.4% |
| 2019 | +79.9% | +150.2% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 Samuel H Kress Foundation with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Samuel H Kress Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
The Samuel H Kress Foundation reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with assets nearing $90 million. This suggests a very lean operational structure or that executive functions are performed on a pro bono basis or through other arrangements not classified as officer compensation.
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 Samuel H Kress Foundation's IRS 990 filings:
- Consistent spending exceeding annual revenue, though typical for foundations, requires careful monitoring of endowment drawdowns.
- Lack of reported officer compensation is unusual for an organization of this size and could indicate alternative compensation structures not immediately apparent.
Strengths
The following positive indicators were identified for Samuel H Kress Foundation:
- Strong and stable asset base, consistently around $80-90 million, ensuring long-term viability.
- Zero reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Consistent grantmaking activity, demonstrating a clear commitment to its programmatic mission.
- Significant financial capacity to support its mission, as evidenced by its substantial assets.
Frequently Asked Questions about Samuel H Kress Foundation
Is Samuel H Kress Foundation a legitimate charity?
Samuel H Kress Foundation (EIN: 131624176) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $30.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Samuel H Kress Foundation spend its money?
Samuel H Kress Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Samuel H Kress Foundation tax-deductible?
Samuel H Kress Foundation is registered as a tax-exempt nonprofit (EIN: 131624176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Samuel H Kress Foundation CEO make?
Samuel H Kress Foundation's highest-compensated officer earns $90 annually. The organization reported $30.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Samuel H Kress Foundation's spending goes to programs?
Samuel H Kress Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Samuel H Kress Foundation located?
Samuel H Kress Foundation is headquartered in New York, New York and files with the IRS under EIN 131624176.
How many years of IRS 990 filings does Samuel H Kress Foundation have?
Samuel H Kress Foundation has 11 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 $30.4M in total revenue.
Is the Samuel H Kress Foundation financially stable?
Yes, despite fluctuating annual revenues, the foundation maintains a strong asset base, consistently around $80-90 million, indicating long-term financial stability and the capacity to continue its grantmaking activities.
How much of its spending goes to programs?
Based on typical foundation operations and the absence of officer compensation, a very high percentage of its expenses, estimated around 90%, is directed towards program services, primarily grants.
Does the foundation pay its executives?
No officer compensation is reported in any of the available IRS 990 filings, suggesting that executives are either unpaid or compensated through non-officer roles or external entities.
Why does the foundation often spend more than its revenue?
As a grantmaking foundation, it's common to distribute funds from its endowment, which can result in expenses exceeding annual revenue, especially in years with significant grant disbursements or market fluctuations affecting investment income.
Filing History
IRS 990 filing history for Samuel H Kress Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Samuel H Kress Foundation's revenue has declined by 35.4%, moving from $3.5M to $2.3M. Total assets decreased by 8.5% over the same period, from $89.2M to $81.6M. Total functional expenses fell by 16.9%, from $5.7M to $4.7M. In its most recent filing year (2023), Samuel H Kress Foundation reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $3.4M in liabilities against $81.6M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $78.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $4.7M | $81.6M | $3.4M | — | — |
| 2022 | $5.1M | $3.9M | $75.7M | $3.6M | — | View 990 |
| 2021 | $4.5M | $3.1M | $97.1M | $5.0M | — | View 990 |
| 2020 | $1.5M | $4.0M | $79.7M | $5.9M | — | View 990 |
| 2019 | $3.2M | $9.9M | $87.0M | $7.2M | — | View 990 |
| 2016 | $1.8M | $4.0M | $78.8M | $5.1M | — | View 990 |
| 2015 | $8.3M | $5.2M | $91.7M | $7.0M | — | View 990 |
| 2014 | $5.3M | $11.7M | $94.6M | $8.2M | — | View 990 |
| 2013 | $6.2M | $5.0M | $84.1M | $2.5M | — | View 990 |
| 2012 | $3.0M | $5.2M | $78.7M | $4.0M | — | View 990 |
| 2011 | $3.5M | $5.7M | $89.2M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $4.7M, and assets of $81.6M (revenue -55.5% year-over-year).
- 2022: Revenue of $5.1M, expenses of $3.9M, and assets of $75.7M (revenue +15.1% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.1M, and assets of $97.1M (revenue +198.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $4.0M, and assets of $79.7M (revenue -53.8% year-over-year).
- 2019: Revenue of $3.2M, expenses of $9.9M, and assets of $87.0M (revenue +79.9% year-over-year).
- 2016: Revenue of $1.8M, expenses of $4.0M, and assets of $78.8M (revenue -78.3% year-over-year).
- 2015: Revenue of $8.3M, expenses of $5.2M, and assets of $91.7M (revenue +56.6% year-over-year).
- 2014: Revenue of $5.3M, expenses of $11.7M, and assets of $94.6M (revenue -14.7% year-over-year).
- 2013: Revenue of $6.2M, expenses of $5.0M, and assets of $84.1M (revenue +108.4% year-over-year).
- 2012: Revenue of $3.0M, expenses of $5.2M, and assets of $78.7M (revenue -15.6% year-over-year).
- 2011: Revenue of $3.5M, expenses of $5.7M, and assets of $89.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samuel H Kress Foundation:
Data Sources and Methodology
This transparency report for Samuel H Kress 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.