Scriven Foundation
Scriven Foundation experiences massive revenue drop and significant deficit in 2023 after years of volatile financial performance.
EIN: 132865735 · New York, NY · NTEE: E110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.9M |
| Total Expenses | $39.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $248.79 |
| Net Assets | $233.9M |
| Transparency Score | 65/100 |
Is Scriven Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scriven Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scriven Foundation
Scriven Foundation (EIN: 132865735) is a nonprofit organization based in New York, NY, classified under NTEE code E110. The organization reported total revenue of $19.9M and total assets of $248.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scriven Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scriven Foundation is a large nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -33.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $39.9M |
| Surplus / Deficit | $-39,833,053 |
| Total Assets | $254.1M |
| Total Liabilities | $20.2M |
| Net Assets | $233.9M |
| Operating Margin | -39765.5% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 76.3 months |
Financial Health Grade: B
In 2023, Scriven Foundation reported a deficit of $39.8M with expenses exceeding revenue, holds 76.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Scriven Foundation's revenue has declined at a compound annual growth rate (CAGR) of -33.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.7% | +249.7% | -2.4% |
| 2022 | +154.8% | -33.5% | -7.2% |
| 2021 | +11.8% | +282.4% | +6.9% |
| 2020 | +107.5% | -78.0% | +4.9% |
| 2019 | -64.7% | +44.3% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 Scriven Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Scriven Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $39.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
The Scriven Foundation consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and asset base ($248.79 million latest assets). This suggests either a fully volunteer leadership or that compensation is reported under different categories, requiring further investigation for complete 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 Scriven Foundation's IRS 990 filings:
- Extreme revenue volatility, with a drop from $38.87 million in 2022 to $100,170 in 2023.
- Significant operational deficit in 2023, with expenses ($39.93 million) far exceeding revenue ($100,170).
- Unusually high expenses in 2023 ($39.93 million) compared to previous years, without a corresponding revenue increase.
- Consistent reporting of 0% officer compensation for an organization of this size and asset base, which may obscure actual leadership costs if reported elsewhere.
Strengths
The following positive indicators were identified for Scriven Foundation:
- Substantial asset base, consistently over $220 million, providing financial stability and capacity.
- Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing executive overhead or a unique operational model.
- Long filing history (13 filings), suggesting established operations and compliance with reporting requirements.
Frequently Asked Questions about Scriven Foundation
Is Scriven Foundation a legitimate charity?
Scriven Foundation (EIN: 132865735) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $19.9M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Scriven Foundation spend its money?
Scriven Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Scriven Foundation tax-deductible?
Scriven Foundation is registered as a tax-exempt nonprofit (EIN: 132865735). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Scriven Foundation CEO make?
Scriven Foundation's highest-compensated officer earns $248.79 annually. The organization reported $19.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Scriven Foundation's spending goes to programs?
Scriven Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scriven Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Scriven Foundation is above average for NTEE category E110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scriven Foundation located?
Scriven Foundation is headquartered in New York, New York and files with the IRS under EIN 132865735. It is classified under NTEE code E110.
How many years of IRS 990 filings does Scriven Foundation have?
Scriven Foundation has 13 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 $19.9M in total revenue.
Why did Scriven Foundation's revenue drop from $38.87 million in 2022 to $100,170 in 2023?
The provided data shows a drastic decrease in reported revenue, which could be due to a one-time large grant in 2022 not recurring, a change in investment performance, or a shift in reporting. This significant drop warrants further investigation into the foundation's funding model.
What caused the surge in expenses from $11.42 million in 2022 to $39.93 million in 2023?
The substantial increase in expenses in 2023, coinciding with a sharp revenue decline, led to a significant operational deficit. This could be due to a large grant distribution, a major project, or unusual operational costs. Understanding the nature of these expenses is crucial for financial assessment.
How does Scriven Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with assets exceeding $200 million. It suggests either a fully volunteer leadership structure, or that compensation for key personnel is categorized differently, which would require a deeper dive into the full IRS 990 forms for clarity.
Is the Scriven Foundation's financial volatility sustainable?
The foundation's financial performance shows extreme year-to-year fluctuations in both revenue and expenses. While a large asset base provides a buffer, consistent large deficits, as seen in 2023, are not sustainable in the long term without drawing down assets or securing more stable funding.
Filing History
IRS 990 filing history for Scriven Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Scriven Foundation's revenue has declined by 99.2%, moving from $12.3M to $100K. Total assets increased by 57.4% over the same period, from $161.4M to $254.1M. Total functional expenses rose by 1435.5%, from $2.6M to $39.9M. In its most recent filing year (2023), Scriven Foundation reported a deficit of $39.8M, with expenses exceeding revenue. The organization holds $20.2M in liabilities against $254.1M in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $233.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $39.9M | $254.1M | $20.2M | — | View 990 |
| 2022 | $38.9M | $11.4M | $260.4M | $5.0M | — | View 990 |
| 2021 | $15.3M | $17.2M | $280.7M | $2.1M | — | View 990 |
| 2020 | $13.6M | $4.5M | $262.6M | $7.4M | — | View 990 |
| 2019 | $6.6M | $20.4M | $250.2M | $12.5M | — | View 990 |
| 2018 | $18.6M | $14.2M | $223.6M | $170K | — | View 990 |
| 2017 | $21.5M | $5.0M | $241.9M | $108K | — | View 990 |
| 2016 | $4.8M | $10.6M | $233.1M | $9.4M | — | View 990 |
| 2015 | $21.3M | $18.2M | $222.5M | $13.0M | — | View 990 |
| 2014 | $27.7M | $9.5M | $229.4M | $0 | — | View 990 |
| 2013 | $20.9M | $3.5M | $244.5M | $0 | — | View 990 |
| 2012 | $12.4M | $5.6M | $188.9M | $0 | — | View 990 |
| 2011 | $12.3M | $2.6M | $161.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $39.9M, and assets of $254.1M (revenue -99.7% year-over-year).
- 2022: Revenue of $38.9M, expenses of $11.4M, and assets of $260.4M (revenue +154.8% year-over-year).
- 2021: Revenue of $15.3M, expenses of $17.2M, and assets of $280.7M (revenue +11.8% year-over-year).
- 2020: Revenue of $13.6M, expenses of $4.5M, and assets of $262.6M (revenue +107.5% year-over-year).
- 2019: Revenue of $6.6M, expenses of $20.4M, and assets of $250.2M (revenue -64.7% year-over-year).
- 2018: Revenue of $18.6M, expenses of $14.2M, and assets of $223.6M (revenue -13.5% year-over-year).
- 2017: Revenue of $21.5M, expenses of $5.0M, and assets of $241.9M (revenue +351.6% year-over-year).
- 2016: Revenue of $4.8M, expenses of $10.6M, and assets of $233.1M (revenue -77.7% year-over-year).
- 2015: Revenue of $21.3M, expenses of $18.2M, and assets of $222.5M (revenue -22.9% year-over-year).
- 2014: Revenue of $27.7M, expenses of $9.5M, and assets of $229.4M (revenue +32.6% year-over-year).
- 2013: Revenue of $20.9M, expenses of $3.5M, and assets of $244.5M (revenue +67.8% year-over-year).
- 2012: Revenue of $12.4M, expenses of $5.6M, and assets of $188.9M (revenue +1.2% year-over-year).
- 2011: Revenue of $12.3M, expenses of $2.6M, and assets of $161.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scriven Foundation:
Data Sources and Methodology
This transparency report for Scriven 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.