Shippy Foundation
Shippy Foundation reports negative revenue in 2023 amidst consistent zero officer compensation and stable assets.
EIN: 204083744 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| Net Assets | $29.3M |
| Transparency Score | 85/100 |
Is Shippy Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shippy Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shippy Foundation
Shippy Foundation (EIN: 204083744) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $6.1M and total assets of $30.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shippy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shippy Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -112.8% | +2.7% | -10.0% |
| 2022 | +76.3% | +18.9% | +3.5% |
| 2021 | -1.9% | -35.2% | -0.4% |
| 2020 | -31.0% | +67.9% | -4.0% |
| 2019 | +103.1% | +3.3% | +6.1% |
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 Shippy 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Shippy 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:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Shippy Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly favorable for donor perception of efficiency.
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 Shippy Foundation's IRS 990 filings:
- Significant negative revenue in 2023 ($-486,182), raising sustainability concerns.
- Highly volatile revenue streams over the past decade.
- Unusual consistent reporting of $1 in liabilities across all filings.
Strengths
The following positive indicators were identified for Shippy Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial efficiency at the executive level.
- Substantial and stable asset base (over $30 million in most years), providing financial resilience.
- Long operational history with 10 filings, suggesting established presence.
Frequently Asked Questions about Shippy Foundation
Is Shippy Foundation a legitimate charity?
Shippy Foundation (EIN: 204083744) 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: $6.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Shippy Foundation spend its money?
Shippy Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Shippy Foundation tax-deductible?
Shippy Foundation is registered as a tax-exempt nonprofit (EIN: 204083744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Shippy Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Shippy Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shippy Foundation located?
Shippy Foundation is headquartered in New York, New York and files with the IRS under EIN 204083744. It is classified under NTEE code T20.
How many years of IRS 990 filings does Shippy Foundation have?
Shippy 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 $6.1M in total revenue.
Why did Shippy Foundation report negative revenue of $-486,182 in 2023?
Negative revenue can occur due to significant investment losses, returns of grants, or other unusual financial events. This warrants further investigation into the specific financial statements for 2023.
How does Shippy Foundation manage to operate with 0% officer compensation?
This suggests that the foundation is either entirely volunteer-run at the executive level or that executive services are provided pro bono or through an affiliated entity, which is a strong indicator of low administrative overhead.
What is the nature of the consistent $1 liability reported across all filings?
A consistent $1 liability is highly unusual and could indicate a specific accounting practice for a nominal placeholder or a reporting anomaly. It would be important to understand the context of this entry.
Given the NTEE code T20, what percentage of expenses are allocated to grants and direct program activities?
As a grantmaking foundation, a high percentage of expenses should ideally be directed towards grants. Without a detailed expense breakdown, it's assumed to be high given the lack of officer compensation, but specific figures are not available in the provided data.
Filing History
IRS 990 filing history for Shippy Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Shippy Foundation's revenue has declined by 107.1%, moving from $6.8M to $-486,182. Total assets increased by 10% over the same period, from $26.6M to $29.3M. Total functional expenses rose by 33.6%, from $2.1M to $2.8M. The organization holds $1 in liabilities against $29.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-486,182 | $2.8M | $29.3M | $1 | — | View 990 |
| 2022 | $3.8M | $2.7M | $32.5M | $1 | — | View 990 |
| 2021 | $2.1M | $2.3M | $31.5M | $1 | — | View 990 |
| 2020 | $2.2M | $3.5M | $31.6M | $1 | — | View 990 |
| 2019 | $3.2M | $2.1M | $32.9M | $1 | — | — |
| 2015 | $1.6M | $2.0M | $31.0M | $1 | — | View 990 |
| 2014 | $5.4M | $2.0M | $31.4M | $1 | — | View 990 |
| 2013 | $4.8M | $1.9M | $28.0M | $1 | — | View 990 |
| 2012 | $217K | $1.8M | $25.1M | $1 | — | View 990 |
| 2011 | $6.8M | $2.1M | $26.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-486,182, expenses of $2.8M, and assets of $29.3M (revenue -112.8% year-over-year).
- 2022: Revenue of $3.8M, expenses of $2.7M, and assets of $32.5M (revenue +76.3% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.3M, and assets of $31.5M (revenue -1.9% year-over-year).
- 2020: Revenue of $2.2M, expenses of $3.5M, and assets of $31.6M (revenue -31.0% year-over-year).
- 2019: Revenue of $3.2M, expenses of $2.1M, and assets of $32.9M (revenue +103.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $2.0M, and assets of $31.0M (revenue -71.3% year-over-year).
- 2014: Revenue of $5.4M, expenses of $2.0M, and assets of $31.4M (revenue +14.1% year-over-year).
- 2013: Revenue of $4.8M, expenses of $1.9M, and assets of $28.0M (revenue +2096.7% year-over-year).
- 2012: Revenue of $217K, expenses of $1.8M, and assets of $25.1M (revenue -96.8% year-over-year).
- 2011: Revenue of $6.8M, expenses of $2.1M, and assets of $26.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shippy Foundation:
Data Sources and Methodology
This transparency report for Shippy 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.