Stewart Foundation
Stewart Foundation faces financial challenges with negative revenue and declining assets in its latest filing.
EIN: 136162897 · New Canaan, CT · Updated: 2026-03-28
Is Stewart Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stewart Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stewart Foundation
Stewart Foundation (EIN: 136162897) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $144K and total assets of $619K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stewart Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stewart Foundation is a small nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -102.7% | +26.9% | -18.0% |
| 2022 | +51.3% | +5.5% | -5.1% |
| 2021 | -57.5% | +4.1% | -16.9% |
| 2020 | +106.5% | -12.6% | +3.3% |
| 2019 | -67.5% | +50.8% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Stewart Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Stewart Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive for minimizing overhead costs relative to its size.
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 Stewart Foundation's IRS 990 filings:
- Negative revenue in the latest filing ($-1,184 in 2023)
- Consistent decline in assets over recent years (from $787,469 in 2020 to $509,336 in 2023)
- Expenses frequently exceeding revenue, indicating reliance on asset drawdowns (e.g., 2023 expenses $106,259 vs. revenue $-1,184)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency assessment
Strengths
The following positive indicators were identified for Stewart Foundation:
- No reported officer compensation, indicating low overhead in leadership salaries.
- Minimal liabilities reported across all filings ($1 or $0), suggesting good debt management.
- Long history of IRS 990 filings (10 filings), indicating consistent reporting.
Frequently Asked Questions about Stewart Foundation
Is Stewart Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Stewart Foundation (EIN: 136162897) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Stewart Foundation spend its money?
Stewart Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stewart Foundation tax-deductible?
Stewart Foundation is registered as a tax-exempt nonprofit (EIN: 136162897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Stewart Foundation plan to address its negative revenue and declining asset base?
The latest filing shows a negative revenue of $-1,184 and a decrease in assets from $620,976 to $509,336. The organization needs a clear strategy to generate sustainable income or reduce expenses to prevent further asset depletion.
What are the specific program activities of the Stewart Foundation?
The provided data does not include the NTEE code or a detailed breakdown of program expenses, making it difficult to ascertain the specific mission-related activities the foundation supports.
What is the long-term sustainability plan for the Stewart Foundation given its financial trends?
With expenses consistently exceeding revenue in recent years (e.g., $106,259 expenses vs. $-1,184 revenue in 2023), the foundation's current financial trajectory is unsustainable. A strategic plan for revenue generation or expense reduction is critical for its long-term viability.
Filing History
IRS 990 filing history for Stewart Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Stewart Foundation's revenue has declined by 101.1%, moving from $105K to $-1,184. Total assets decreased by 17.3% over the same period, from $616K to $509K. Total functional expenses rose by 141.4%, from $44K to $106K. The organization holds $1 in liabilities against $509K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $509K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-1,184 | $106K | $509K | $1 | — | — |
| 2022 | $44K | $84K | $621K | $1 | — | View 990 |
| 2021 | $29K | $79K | $654K | $1 | — | — |
| 2020 | $69K | $76K | $787K | $1 | — | — |
| 2019 | $33K | $87K | $763K | $1 | — | View 990 |
| 2015 | $102K | $58K | $752K | $0 | — | View 990 |
| 2014 | $93K | $50K | $681K | $0 | — | View 990 |
| 2013 | $121K | $97K | $707K | $0 | — | View 990 |
| 2012 | $57K | $49K | $581K | $0 | — | View 990 |
| 2011 | $105K | $44K | $616K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-1,184, expenses of $106K, and assets of $509K (revenue -102.7% year-over-year).
- 2022: Revenue of $44K, expenses of $84K, and assets of $621K (revenue +51.3% year-over-year).
- 2021: Revenue of $29K, expenses of $79K, and assets of $654K (revenue -57.5% year-over-year).
- 2020: Revenue of $69K, expenses of $76K, and assets of $787K (revenue +106.5% year-over-year).
- 2019: Revenue of $33K, expenses of $87K, and assets of $763K (revenue -67.5% year-over-year).
- 2015: Revenue of $102K, expenses of $58K, and assets of $752K (revenue +10.1% year-over-year).
- 2014: Revenue of $93K, expenses of $50K, and assets of $681K (revenue -23.5% year-over-year).
- 2013: Revenue of $121K, expenses of $97K, and assets of $707K (revenue +111.0% year-over-year).
- 2012: Revenue of $57K, expenses of $49K, and assets of $581K (revenue -45.6% year-over-year).
- 2011: Revenue of $105K, expenses of $44K, and assets of $616K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stewart Foundation:
Data Sources and Methodology
This transparency report for Stewart 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.