Setton Foundation
Setton Foundation shows consistent asset growth and zero officer compensation despite fluctuating annual revenues and expenses.
EIN: 113577481 · Commack, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $4.0M |
| Program Spending | 90% |
| Net Assets | $7.4M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Setton Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Setton Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Setton Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $3.3M and expenses of $4.0M.
Revenue and Expenses
Setton Foundation reported $3.3M in revenue and $4.0M in expenses, a deficit of $644K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Setton Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.6M (90%) |
Across stored filings, Setton Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Setton Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Setton Foundation
Setton Foundation (EIN: 113577481) is a nonprofit organization based in Commack, NY, classified under NTEE code T22. The organization reported total revenue of $6.6M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Setton Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Setton Foundation is a mid-size nonprofit that has been operating for 25 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-643,565 |
| Total Assets | $7.4M |
| Total Liabilities | $1 |
| Net Assets | $7.4M |
| Operating Margin | -19.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 22.4 months |
Financial Health Grade: B
In 2023, Setton Foundation reported a deficit of $644K with expenses exceeding revenue, holds 22.4 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), Setton Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.0% | +21.5% | -8.0% |
| 2022 | -7.8% | +43.7% | +3.9% |
| 2021 | +33.4% | -37.9% | +26.0% |
| 2020 | -8.0% | +50.8% | -10.9% |
| 2019 | +111.7% | -7.6% | +18.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Setton Foundation 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: 90%
- fundraising: 5%
According to IRS 990 filings, Setton Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $644K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization. This is highly unusual for an organization with multi-million dollar revenues and suggests either a fully volunteer-led executive team or compensation is covered by an affiliated entity, which would require further investigation for full 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 Setton Foundation's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312) by over $640,000, indicating an operational deficit for that period.
- Consistent 0% officer compensation for an organization with multi-million dollar revenues could indicate that compensation is paid by an affiliated entity, which might obscure the true cost of leadership.
Strengths
The following positive indicators were identified for Setton Foundation:
- Consistent asset growth over more than a decade, from $4.49M in 2011 to $7.39M in 2023, demonstrating strong financial stability.
- Zero reported officer compensation across all filings, suggesting a highly efficient use of funds for mission-related activities or a volunteer-driven leadership.
- Minimal liabilities reported ($0 or $1 across all filings), indicating a very healthy balance sheet and low financial risk.
- As a private grantmaking foundation (NTEE T22), its primary function is to distribute funds, which inherently aligns with high program spending.
Frequently Asked Questions about Setton Foundation
Is Setton Foundation a legitimate charity?
Setton Foundation (EIN: 113577481) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Setton Foundation spend its money?
Setton Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Setton Foundation tax-deductible?
Setton Foundation is registered as a tax-exempt nonprofit (EIN: 113577481). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Setton Foundation's spending goes to programs?
Setton Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Setton Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Setton Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Setton Foundation located?
Setton Foundation is headquartered in Commack, New York and files with the IRS under EIN 113577481. It is classified under NTEE code T22.
How many years of IRS 990 filings does Setton Foundation have?
Setton Foundation has 10 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 $6.6M in total revenue.
Is Setton Foundation a good charity?
Based on the available data, the Setton Foundation appears to be a financially stable organization with a strong commitment to its mission, evidenced by consistent asset growth and zero reported officer compensation. Its nature as a private grantmaking foundation (T22) suggests its primary activity is distributing funds to other nonprofits, which is an efficient model for impact.
How does Setton Foundation manage its expenses?
The foundation's expenses have varied significantly, from a low of $963,785 in 2011 to a high of $3,954,182 in 2023. While the 2023 filing shows expenses exceeding revenue, the overall trend indicates a capacity to manage substantial outflows, likely in the form of grants, consistent with its NTEE code.
What is the trend in the foundation's assets?
The Setton Foundation has shown a consistent upward trend in its assets, growing from $4,494,440 in 2011 to $7,389,999 in 2023, and reaching $9,780,236 in the latest available data. This indicates strong financial stewardship and accumulation of resources over time.
Filing History
IRS 990 filing history for Setton Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Setton Foundation's revenue has grown by 10.2%, moving from $3.0M to $3.3M. Total assets increased by 64.4% over the same period, from $4.5M to $7.4M. Total functional expenses rose by 310.3%, from $964K to $4.0M. In its most recent filing year (2023), Setton Foundation reported a deficit of $644K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $4.0M | $7.4M | $1 | — | — |
| 2022 | $3.6M | $3.3M | $8.0M | $1 | — | View 990 |
| 2021 | $3.9M | $2.3M | $7.7M | $1 | — | View 990 |
| 2020 | $2.9M | $3.6M | $6.1M | $1 | — | — |
| 2019 | $3.1M | $2.4M | $6.9M | $0 | — | View 990 |
| 2015 | $1.5M | $2.6M | $5.8M | $0 | — | View 990 |
| 2014 | $3.7M | $2.8M | $7.0M | $0 | — | View 990 |
| 2013 | $3.0M | $1.8M | $6.1M | $0 | — | View 990 |
| 2012 | $2.2M | $1.8M | $4.9M | $0 | — | View 990 |
| 2011 | $3.0M | $964K | $4.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $4.0M, and assets of $7.4M (revenue -7.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.3M, and assets of $8.0M (revenue -7.8% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.3M, and assets of $7.7M (revenue +33.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $3.6M, and assets of $6.1M (revenue -8.0% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.4M, and assets of $6.9M (revenue +111.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $2.6M, and assets of $5.8M (revenue -59.6% year-over-year).
- 2014: Revenue of $3.7M, expenses of $2.8M, and assets of $7.0M (revenue +22.0% year-over-year).
- 2013: Revenue of $3.0M, expenses of $1.8M, and assets of $6.1M (revenue +35.1% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.8M, and assets of $4.9M (revenue -25.8% year-over-year).
- 2011: Revenue of $3.0M, expenses of $964K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Setton Foundation:
Data Sources and Methodology
This transparency report for Setton 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.