Samuel I Newhouse Foundation Inc
Samuel I Newhouse Foundation consistently grants more than annual revenue, maintaining substantial assets with no officer compensation.
EIN: 116006296 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $19.3M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $205.5M |
| Transparency Score | 92/100 |
Is Samuel I Newhouse Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Samuel I Newhouse Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Samuel I Newhouse Foundation Inc
Samuel I Newhouse Foundation Inc (EIN: 116006296) is a nonprofit organization based in New York, NY. The organization reported total revenue of $9.4M and total assets of $204.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samuel I Newhouse Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samuel I Newhouse Foundation Inc is a mid-size nonprofit that has been operating for 79 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.0M |
| Total Expenses | $19.3M |
| Surplus / Deficit | $-2,329,516 |
| Total Assets | $205.5M |
| Total Liabilities | $1 |
| Net Assets | $205.5M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 127.7 months |
Financial Health Grade: B
In 2023, Samuel I Newhouse Foundation Inc reported a deficit of $2.3M with expenses exceeding revenue, holds 127.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2023), Samuel I Newhouse Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.3% | +9.7% | -3.3% |
| 2022 | +40.6% | -5.2% | +11.3% |
| 2021 | -9.7% | +35.7% | +69.6% |
| 2015 | +82.8% | -1.4% | -1.7% |
| 2014 | -81.5% | -14.6% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
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 I Newhouse Foundation Inc 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Samuel I Newhouse 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 $2.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization of its size with assets exceeding $200 million, suggesting a volunteer-led or externally managed structure that significantly reduces overhead.
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.
Strengths
The following positive indicators were identified for Samuel I Newhouse Foundation Inc:
- Consistent absence of officer compensation, indicating high efficiency.
- Strong and growing asset base, increasing from $88M in 2011 to over $205M in 2023.
- Regularly disburses funds exceeding annual revenue, demonstrating active grantmaking.
- Minimal liabilities ($0 or $1) across all reported periods, indicating excellent financial health.
- Consistent filing of IRS 990s, promoting transparency.
Frequently Asked Questions about Samuel I Newhouse Foundation Inc
Is Samuel I Newhouse Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Samuel I Newhouse Foundation Inc (EIN: 116006296) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Samuel I Newhouse Foundation Inc spend its money?
Samuel I Newhouse Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Samuel I Newhouse Foundation Inc tax-deductible?
Samuel I Newhouse Foundation Inc is registered as a tax-exempt nonprofit (EIN: 116006296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Samuel I Newhouse Foundation Inc CEO make?
Samuel I Newhouse Foundation Inc's highest-compensated officer earns $200 annually. The organization reported $9.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Samuel I Newhouse Foundation Inc located?
Samuel I Newhouse Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 116006296.
How many years of IRS 990 filings does Samuel I Newhouse Foundation Inc have?
Samuel I Newhouse Foundation Inc has 8 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 $9.4M in total revenue.
Is Samuel I Newhouse Foundation Inc. a good charity?
Based on the provided data, the Samuel I Newhouse Foundation Inc. appears to be a highly effective and efficient grantmaking organization. It consistently deploys significant funds for its mission, often exceeding annual revenue, and maintains a very strong asset base. The complete absence of officer compensation is a major positive indicator of efficiency.
How has the foundation's asset base changed over time?
The foundation's assets have shown substantial growth, increasing from $88,315,896 in 201110 to $205,473,434 in 202310, demonstrating strong financial management and investment performance.
Does the foundation spend more than it earns?
In several recent periods, such as 202310 ($19,315,459 expenses vs. $16,985,943 revenue) and 202110 ($18,563,514 expenses vs. $15,358,962 revenue), the foundation's expenses have exceeded its revenue, indicating a commitment to distributing funds from its endowment.
Filing History
IRS 990 filing history for Samuel I Newhouse Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Samuel I Newhouse Foundation Inc's revenue has declined by 45.6%, moving from $31.2M to $17.0M. Total assets increased by 132.7% over the same period, from $88.3M to $205.5M. Total functional expenses rose by 34%, from $14.4M to $19.3M. In its most recent filing year (2023), Samuel I Newhouse Foundation Inc reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $205.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $205.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.0M | $19.3M | $205.5M | $1 | — | — |
| 2022 | $21.6M | $17.6M | $212.5M | $1 | — | View 990 |
| 2021 | $15.4M | $18.6M | $191.0M | $1 | — | View 990 |
| 2015 | $17.0M | $13.7M | $112.6M | $0 | — | View 990 |
| 2014 | $9.3M | $13.9M | $114.6M | $0 | — | View 990 |
| 2013 | $50.4M | $16.2M | $121.6M | $0 | — | View 990 |
| 2012 | $12.4M | $12.3M | $89.7M | $0 | — | View 990 |
| 2011 | $31.2M | $14.4M | $88.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.0M, expenses of $19.3M, and assets of $205.5M (revenue -21.3% year-over-year).
- 2022: Revenue of $21.6M, expenses of $17.6M, and assets of $212.5M (revenue +40.6% year-over-year).
- 2021: Revenue of $15.4M, expenses of $18.6M, and assets of $191.0M (revenue -9.7% year-over-year).
- 2015: Revenue of $17.0M, expenses of $13.7M, and assets of $112.6M (revenue +82.8% year-over-year).
- 2014: Revenue of $9.3M, expenses of $13.9M, and assets of $114.6M (revenue -81.5% year-over-year).
- 2013: Revenue of $50.4M, expenses of $16.2M, and assets of $121.6M (revenue +306.1% year-over-year).
- 2012: Revenue of $12.4M, expenses of $12.3M, and assets of $89.7M (revenue -60.3% year-over-year).
- 2011: Revenue of $31.2M, expenses of $14.4M, and assets of $88.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samuel I Newhouse Foundation Inc:
Data Sources and Methodology
This transparency report for Samuel I Newhouse 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.