Shikiar Family Foundation
Shikiar Family Foundation consistently operates with zero officer compensation and growing assets.
EIN: 137052572 · New York, NY · NTEE: T20J · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $302K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.4M |
| Transparency Score | 95/100 |
Is Shikiar Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shikiar Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shikiar Family Foundation
Shikiar Family Foundation (EIN: 137052572) is a nonprofit organization based in New York, NY, classified under NTEE code T20J. The organization reported total revenue of $7.2M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shikiar Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shikiar Family Foundation is a mid-size nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $560K |
| Total Expenses | $302K |
| Surplus / Deficit | +$259K |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | 46.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.5 months |
Financial Health Grade: A
In 2023, Shikiar Family Foundation reported a surplus of $259K with revenue exceeding expenses, holds 134.5 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), Shikiar Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.6% | +23.3% | -4.3% |
| 2022 | -18.3% | -2.9% | +16.9% |
| 2021 | +76.6% | +12.7% | +13.4% |
| 2020 | +39341.3% | -15.8% | -11.6% |
| 2019 | -99.5% | +50.5% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Shikiar Family Foundation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Shikiar Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $259K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a foundation of its size with assets exceeding $3 million.
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 Shikiar Family Foundation:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Strong asset growth over the past decade, demonstrating financial stability and endowment building.
- Minimal liabilities reported across all filings, suggesting sound financial management and low debt.
- Expenses consistently well below revenue, allowing for asset accumulation and mission-focused spending.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Shikiar Family Foundation
Is Shikiar Family Foundation a legitimate charity?
Shikiar Family Foundation (EIN: 137052572) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Shikiar Family Foundation spend its money?
Shikiar Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Shikiar Family Foundation tax-deductible?
Shikiar Family Foundation is registered as a tax-exempt nonprofit (EIN: 137052572). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shikiar Family Foundation CEO make?
Shikiar Family Foundation's highest-compensated officer earns $3 annually. The organization reported $7.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Shikiar Family Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Shikiar Family Foundation is above average for NTEE category T20J nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shikiar Family Foundation located?
Shikiar Family Foundation is headquartered in New York, New York and files with the IRS under EIN 137052572. It is classified under NTEE code T20J.
How many years of IRS 990 filings does Shikiar Family Foundation have?
Shikiar Family 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 $7.2M in total revenue.
Is Shikiar Family Foundation a good charity?
Based on the provided financial data, the Shikiar Family Foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains low liabilities, and has steadily grown its assets, indicating strong financial health and a commitment to its mission without significant administrative overhead.
How does the foundation manage its expenses?
The foundation manages its expenses very efficiently. For example, in 2023, expenses were $301,711 against $560,342 in revenue, demonstrating that a significant portion of its revenue is retained or directed towards its mission rather than consumed by operational costs. The consistent 0% officer compensation is a major factor in its low expense profile.
What is the trend in the foundation's assets?
The foundation's assets have shown a consistent upward trend over the past decade, growing from $1,347,850 in 2011 to $3,381,511 in 2023, indicating strong financial stewardship and growth in its endowment.
Filing History
IRS 990 filing history for Shikiar Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shikiar Family Foundation's revenue has grown by 376.8%, moving from $118K to $560K. Total assets increased by 150.9% over the same period, from $1.3M to $3.4M. Total functional expenses rose by 195.1%, from $102K to $302K. In its most recent filing year (2023), Shikiar Family Foundation reported a surplus of $259K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $560K | $302K | $3.4M | $1 | — | View 990 |
| 2022 | $808K | $245K | $3.5M | $1 | — | View 990 |
| 2021 | $988K | $252K | $3.0M | $1 | — | View 990 |
| 2020 | $560K | $224K | $2.7M | $1 | — | — |
| 2019 | $1K | $265K | $3.0M | $1 | — | View 990 |
| 2015 | $314K | $176K | $2.7M | $1 | — | View 990 |
| 2014 | $1.1M | $172K | $2.6M | $1 | — | View 990 |
| 2013 | $875K | $124K | $1.9M | $0 | — | View 990 |
| 2012 | $113K | $92K | $1.5M | $128K | — | View 990 |
| 2011 | $118K | $102K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $560K, expenses of $302K, and assets of $3.4M (revenue -30.6% year-over-year).
- 2022: Revenue of $808K, expenses of $245K, and assets of $3.5M (revenue -18.3% year-over-year).
- 2021: Revenue of $988K, expenses of $252K, and assets of $3.0M (revenue +76.6% year-over-year).
- 2020: Revenue of $560K, expenses of $224K, and assets of $2.7M (revenue +39341.3% year-over-year).
- 2019: Revenue of $1K, expenses of $265K, and assets of $3.0M (revenue -99.5% year-over-year).
- 2015: Revenue of $314K, expenses of $176K, and assets of $2.7M (revenue -70.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $172K, and assets of $2.6M (revenue +20.4% year-over-year).
- 2013: Revenue of $875K, expenses of $124K, and assets of $1.9M (revenue +671.2% year-over-year).
- 2012: Revenue of $113K, expenses of $92K, and assets of $1.5M (revenue -3.5% year-over-year).
- 2011: Revenue of $118K, expenses of $102K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shikiar Family Foundation:
Data Sources and Methodology
This transparency report for Shikiar Family 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.