Skadden Foundation
Skadden Foundation shows fluctuating revenue, consistent expenses, and a recent significant increase in liabilities.
EIN: 133455231 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $5.0M |
| Program Spending | 85% |
| Net Assets | $11.5M |
| Transparency Score | 85/100 |
Is Skadden Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skadden Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skadden Foundation
Skadden Foundation (EIN: 133455231) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $7.2M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skadden Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skadden Foundation is a mid-size nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-180,384 |
| Total Assets | $11.5M |
| Total Liabilities | $10K |
| Net Assets | $11.5M |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 27.6 months |
Financial Health Grade: B
In 2023, Skadden Foundation reported a deficit of $180K with expenses exceeding revenue, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Skadden Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +997.8% | +5.0% | +7.3% |
| 2022 | -95.5% | +4.0% | -38.4% |
| 2021 | +106.2% | -4.7% | +43.1% |
| 2020 | +73.7% | +0.8% | +4.3% |
| 2019 | -39.0% | +13.4% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Skadden 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: 85%
- fundraising: 5%
According to IRS 990 filings, Skadden Foundation 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 deficit of $180K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Skadden Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
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 Skadden Foundation's IRS 990 filings:
- Significant increase in liabilities to $10,274,000 in 2023, up from negligible amounts in prior years.
- Inconsistent revenue generation, with a low of $439,936 in 2022 and a high of $9,717,143 in 2021, indicating potential funding volatility.
- Expenses exceeded revenue in multiple years (e.g., 2022 and 2023), which could lead to asset depletion if not addressed.
Strengths
The following positive indicators were identified for Skadden Foundation:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Maintained substantial assets, consistently above $9 million, providing a financial cushion despite revenue fluctuations.
- Stable expense levels (typically $4-5 million annually) suggest predictable operational costs and effective budget management.
Frequently Asked Questions about Skadden Foundation
Is Skadden Foundation a legitimate charity?
Skadden Foundation (EIN: 133455231) 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: $7.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Skadden Foundation spend its money?
Skadden Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Skadden Foundation tax-deductible?
Skadden Foundation is registered as a tax-exempt nonprofit (EIN: 133455231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Skadden Foundation's spending goes to programs?
Skadden Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skadden Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Skadden 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 Skadden Foundation located?
Skadden Foundation is headquartered in New York, New York and files with the IRS under EIN 133455231. It is classified under NTEE code T20.
How many years of IRS 990 filings does Skadden Foundation have?
Skadden 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.
What caused the significant increase in liabilities to $10,274,000 in 2023?
The IRS 990 data shows a dramatic increase in liabilities from minimal amounts in previous years to over $10 million in 2023. This change requires further investigation into the specific nature of these liabilities, such as new debt, deferred revenue, or other obligations, to fully understand its financial implications.
How does the Skadden Foundation manage its operations given the wide fluctuations in annual revenue?
Despite revenue swings from $439,936 in 2022 to $9,717,143 in 2021, the foundation's expenses have remained relatively stable, typically between $4-5 million. This suggests a reliance on accumulated assets or multi-year funding commitments to smooth out operational costs, or a highly adaptable spending model.
Is the Skadden Foundation financially sustainable given periods where expenses exceed revenue?
In several periods, such as 2022 and 2023, expenses exceeded revenue. While the foundation has substantial assets (e.g., $11.5 million in 2023), sustained deficits could erode these reserves. The long-term sustainability depends on its ability to consistently generate sufficient revenue or manage expenses within its means.
Filing History
IRS 990 filing history for Skadden Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Skadden Foundation's revenue has declined by 26.9%, moving from $6.6M to $4.8M. Total assets increased by 20.3% over the same period, from $9.6M to $11.5M. Total functional expenses rose by 24.3%, from $4.0M to $5.0M. In its most recent filing year (2023), Skadden Foundation reported a deficit of $180K, with expenses exceeding revenue. The organization holds $10K in liabilities against $11.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $11.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.0M | $11.5M | $10K | — | — |
| 2022 | $440K | $4.8M | $10.8M | $28K | — | View 990 |
| 2021 | $9.7M | $4.6M | $17.5M | $1 | — | View 990 |
| 2020 | $4.7M | $4.8M | $12.2M | $11K | — | View 990 |
| 2019 | $2.7M | $4.8M | $11.7M | $1 | — | View 990 |
| 2015 | $4.4M | $4.2M | $10.1M | $1 | — | View 990 |
| 2014 | $2.2M | $4.1M | $10.2M | $2K | — | View 990 |
| 2013 | $6.2M | $4.2M | $12.0M | $12K | — | View 990 |
| 2012 | $4.4M | $4.0M | $9.9M | $14K | — | View 990 |
| 2011 | $6.6M | $4.0M | $9.6M | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.0M, and assets of $11.5M (revenue +997.8% year-over-year).
- 2022: Revenue of $440K, expenses of $4.8M, and assets of $10.8M (revenue -95.5% year-over-year).
- 2021: Revenue of $9.7M, expenses of $4.6M, and assets of $17.5M (revenue +106.2% year-over-year).
- 2020: Revenue of $4.7M, expenses of $4.8M, and assets of $12.2M (revenue +73.7% year-over-year).
- 2019: Revenue of $2.7M, expenses of $4.8M, and assets of $11.7M (revenue -39.0% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.2M, and assets of $10.1M (revenue +102.5% year-over-year).
- 2014: Revenue of $2.2M, expenses of $4.1M, and assets of $10.2M (revenue -64.8% year-over-year).
- 2013: Revenue of $6.2M, expenses of $4.2M, and assets of $12.0M (revenue +42.8% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.0M, and assets of $9.9M (revenue -33.9% year-over-year).
- 2011: Revenue of $6.6M, expenses of $4.0M, and assets of $9.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skadden Foundation:
Data Sources and Methodology
This transparency report for Skadden 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.