Seena Magowitz Foundation Inc
Seena Magowitz Foundation shows asset growth and zero officer compensation amidst fluctuating annual spending.
EIN: 204751072 · Arlington, VA · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $474K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1,267,406. |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Seena Magowitz Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seena Magowitz Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seena Magowitz Foundation Inc
Seena Magowitz Foundation Inc (EIN: 204751072) is a nonprofit organization based in Arlington, VA, classified under NTEE code T30. The organization reported total revenue of $1.3M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seena Magowitz Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seena Magowitz Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $513K |
| Total Expenses | $474K |
| Surplus / Deficit | +$39K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 7.6% |
| Months of Reserves | 37.4 months |
Financial Health Grade: A
In 2023, Seena Magowitz Foundation Inc reported a surplus of $39K with revenue exceeding expenses, holds 37.4 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Seena Magowitz Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.7% | +30.2% | +2.7% |
| 2022 | +17.5% | -64.7% | +41.4% |
| 2021 | +12.3% | +2435.7% | -26.3% |
| 2020 | -12.4% | -96.3% | +67.1% |
| 2019 | -46.9% | +719.5% | -33.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Seena Magowitz 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Seena Magowitz Foundation Inc 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 $39K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly commendable for a nonprofit of its size with latest revenue of $1,267,406.
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 Seena Magowitz Foundation Inc's IRS 990 filings:
- Significant year-to-year fluctuations in expense ratios relative to revenue, indicating inconsistent operational spending.
- Periods of substantial deficit spending, such as in 2019 ($1,087,981 expenses vs. $679,081 revenue) and 2021 ($1,031,738 expenses vs. $668,463 revenue), which could raise questions about long-term financial stability if not balanced by prior surpluses.
Strengths
The following positive indicators were identified for Seena Magowitz Foundation Inc:
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to directing funds to the mission.
- No reported liabilities across all available filings, indicating sound financial management and no outstanding debts.
- Significant growth in assets from $66,136 in 2014 to $1,477,418 in 2023, reflecting effective asset accumulation.
- Strong program focus implied by the absence of executive compensation, suggesting resources are prioritized for charitable activities.
Frequently Asked Questions about Seena Magowitz Foundation Inc
Is Seena Magowitz Foundation Inc a legitimate charity?
Seena Magowitz Foundation Inc (EIN: 204751072) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Seena Magowitz Foundation Inc spend its money?
Seena Magowitz Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seena Magowitz Foundation Inc tax-deductible?
Seena Magowitz Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204751072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seena Magowitz Foundation Inc CEO make?
Seena Magowitz Foundation Inc's highest-compensated officer earns $1,267,406. annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seena Magowitz Foundation Inc's spending goes to programs?
Seena Magowitz Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seena Magowitz Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Seena Magowitz Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seena Magowitz Foundation Inc located?
Seena Magowitz Foundation Inc is headquartered in Arlington, Virginia and files with the IRS under EIN 204751072. It is classified under NTEE code T30.
How many years of IRS 990 filings does Seena Magowitz Foundation Inc have?
Seena Magowitz Foundation Inc has 12 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 $1.3M in total revenue.
Is Seena Magowitz Foundation Inc a good charity?
Based on the data, the Seena Magowitz Foundation Inc demonstrates strong transparency with zero officer compensation and no reported liabilities. Its assets have grown significantly, from $66,136 in 2014 to $1,477,418 in 2023. While its annual spending efficiency fluctuates, the commitment to directing funds away from executive salaries is a strong positive indicator.
Why do expenses fluctuate so much year-to-year?
The IRS 990 data shows significant fluctuations in expenses, for example, $40,688 in 2020 compared to $1,087,981 in 2019. This could be due to the timing of large program expenditures, specific fundraising events, or strategic decisions to build reserves in certain years. Further details would require reviewing the narrative sections of their 990s or direct inquiry.
How does the organization manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that the organization relies heavily on volunteer leadership, or that executive functions are performed by individuals compensated through other means not classified as officer compensation, or that the compensation is below the reporting threshold. This is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Seena Magowitz Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Seena Magowitz Foundation Inc's revenue has declined by 26.4%, moving from $697K to $513K. Total assets increased by 5741.4% over the same period, from $25K to $1.5M. Total functional expenses fell by 33.3%, from $711K to $474K. In its most recent filing year (2023), Seena Magowitz Foundation Inc reported a surplus of $39K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $513K | $474K | $1.5M | $0 | — | View 990 |
| 2022 | $786K | $364K | $1.4M | $0 | — | View 990 |
| 2021 | $668K | $1.0M | $1.0M | $0 | — | View 990 |
| 2020 | $595K | $41K | $1.4M | $0 | — | View 990 |
| 2019 | $679K | $1.1M | $826K | $0 | — | View 990 |
| 2018 | $1.3M | $133K | $1.2M | $0 | — | View 990 |
| 2017 | $505K | $593K | $88K | $0 | — | View 990 |
| 2016 | $1.1M | $1.2M | $154K | $0 | — | View 990 |
| 2015 | $675K | $521K | $226K | $7K | — | View 990 |
| 2014 | $735K | $729K | $66K | $0 | — | View 990 |
| 2013 | $583K | $549K | $60K | $0 | — | View 990 |
| 2012 | $697K | $711K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $513K, expenses of $474K, and assets of $1.5M (revenue -34.7% year-over-year).
- 2022: Revenue of $786K, expenses of $364K, and assets of $1.4M (revenue +17.5% year-over-year).
- 2021: Revenue of $668K, expenses of $1.0M, and assets of $1.0M (revenue +12.3% year-over-year).
- 2020: Revenue of $595K, expenses of $41K, and assets of $1.4M (revenue -12.4% year-over-year).
- 2019: Revenue of $679K, expenses of $1.1M, and assets of $826K (revenue -46.9% year-over-year).
- 2018: Revenue of $1.3M, expenses of $133K, and assets of $1.2M (revenue +153.3% year-over-year).
- 2017: Revenue of $505K, expenses of $593K, and assets of $88K (revenue -54.9% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $154K (revenue +65.9% year-over-year).
- 2015: Revenue of $675K, expenses of $521K, and assets of $226K (revenue -8.1% year-over-year).
- 2014: Revenue of $735K, expenses of $729K, and assets of $66K (revenue +26.0% year-over-year).
- 2013: Revenue of $583K, expenses of $549K, and assets of $60K (revenue -16.3% year-over-year).
- 2012: Revenue of $697K, expenses of $711K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seena Magowitz Foundation Inc:
Data Sources and Methodology
This transparency report for Seena Magowitz 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.