Swedenborg Foundation Inc
Swedenborg Foundation consistently operates at a deficit, sustained by substantial assets.
EIN: 131362850 · Royersford, PA · NTEE: X830 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $2.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $17.7M |
| Transparency Score | 75/100 |
Is Swedenborg Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Swedenborg Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Swedenborg Foundation Inc
Swedenborg Foundation Inc (EIN: 131362850) is a nonprofit organization based in Royersford, PA, classified under NTEE code X830. The organization reported total revenue of $3.7M and total assets of $19.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Swedenborg Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Swedenborg Foundation Inc is a mid-size nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-743,208 |
| Total Assets | $17.7M |
| Total Liabilities | $76K |
| Net Assets | $17.7M |
| Operating Margin | -34.5% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 73.5 months |
Financial Health Grade: B
In 2023, Swedenborg Foundation Inc reported a deficit of $743K with expenses exceeding revenue, holds 73.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +1.2% | +6.9% |
| 2022 | +6.1% | +10.6% | -23.4% |
| 2021 | +25.3% | +2.9% | +4.8% |
| 2020 | -23.5% | +14.5% | +3.5% |
| 2019 | +14.2% | +11.4% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1938 |
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 Swedenborg Foundation Inc with a Mission Score of 75 out of 100 (Good). 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, Swedenborg Foundation Inc 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:
- The organization reported a deficit of $743K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is highly unusual for an organization of its size with assets nearing $20 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.
Red Flags
The following concerns were identified during AI analysis of Swedenborg Foundation Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $2,896,013 expenses vs. $2,152,805 revenue in 2023)
- Reliance on asset base to cover annual expenses without clear revenue growth strategy
- Unusually low liabilities relative to assets, which could indicate conservative financial management or minimal operational debt.
Strengths
The following positive indicators were identified for Swedenborg Foundation Inc:
- Substantial asset base ($19,314,925 latest reported) provides financial stability
- 0% officer compensation indicates high efficiency in executive pay and transparency
- Low liabilities across all reported periods (e.g., $76,067 in 2023) suggests strong financial management and minimal debt.
Frequently Asked Questions about Swedenborg Foundation Inc
Is Swedenborg Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Swedenborg Foundation Inc (EIN: 131362850) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Swedenborg Foundation Inc spend its money?
Swedenborg Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Swedenborg Foundation Inc tax-deductible?
Swedenborg Foundation Inc is registered as a tax-exempt nonprofit (EIN: 131362850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Swedenborg Foundation Inc CEO make?
Swedenborg Foundation Inc's highest-compensated officer earns $20 annually. The organization reported $3.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Swedenborg Foundation Inc's spending goes to programs?
Swedenborg Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Swedenborg Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Swedenborg Foundation Inc is above average for NTEE category X830 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Swedenborg Foundation Inc located?
Swedenborg Foundation Inc is headquartered in Royersford, Pennsylvania and files with the IRS under EIN 131362850. It is classified under NTEE code X830.
How many years of IRS 990 filings does Swedenborg Foundation Inc have?
Swedenborg Foundation Inc has 13 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 $3.7M in total revenue.
How does the Swedenborg Foundation Inc. cover its recurring operational deficits?
The organization appears to cover its recurring operational deficits by drawing from its substantial asset base, which was $17,748,195 in 2023, significantly higher than its annual expenses.
What is the long-term strategy for financial sustainability given the consistent expense-to-revenue imbalance?
While not explicitly stated in the provided data, the long-term strategy likely involves managing its endowment and investment returns to support operations, or it may be anticipating future large donations similar to the $5.9 million received in 2014.
Why is officer compensation consistently reported as 0%?
The consistent 0% officer compensation suggests that executive roles may be filled by volunteers, or compensation is structured in a way that is not reported as 'officer compensation' on the 990, which would require further investigation.
What is the primary source of the organization's substantial assets?
The significant assets, such as the $19,314,925 reported, likely stem from substantial past donations, bequests, or investment growth, as evidenced by the large revenue spike in 2014.
Filing History
IRS 990 filing history for Swedenborg Foundation Inc showing financial trends over 13 years of public records:
Total assets increased by 7.7% over the same period, from $16.5M to $17.7M. Total functional expenses rose by 225.3%, from $890K to $2.9M. In its most recent filing year (2023), Swedenborg Foundation Inc reported a deficit of $743K, with expenses exceeding revenue. The organization holds $76K in liabilities against $17.7M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $17.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.9M | $17.7M | $76K | — | — |
| 2022 | $2.1M | $2.9M | $16.6M | $67K | — | — |
| 2021 | $2.0M | $2.6M | $21.7M | $16K | — | — |
| 2020 | $1.6M | $2.5M | $20.7M | $60K | — | View 990 |
| 2019 | $2.0M | $2.2M | $20.0M | $29K | — | View 990 |
| 2018 | $1.8M | $2.0M | $17.6M | $55K | — | View 990 |
| 2017 | $1.5M | $1.7M | $19.7M | $85K | — | View 990 |
| 2016 | $984K | $1.6M | $17.7M | $38K | — | View 990 |
| 2015 | $1.3M | $1.4M | $17.7M | $26K | — | View 990 |
| 2014 | $6.0M | $1.5M | $18.4M | $19K | — | View 990 |
| 2013 | $2.8M | $957K | $18.6M | $29K | — | View 990 |
| 2012 | $1.3M | $978K | $16.8M | $46K | — | View 990 |
| 2011 | $-91,957 | $890K | $16.5M | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.9M, and assets of $17.7M (revenue +3.9% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.9M, and assets of $16.6M (revenue +6.1% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.6M, and assets of $21.7M (revenue +25.3% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.5M, and assets of $20.7M (revenue -23.5% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.2M, and assets of $20.0M (revenue +14.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.0M, and assets of $17.6M (revenue +20.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.7M, and assets of $19.7M (revenue +50.8% year-over-year).
- 2016: Revenue of $984K, expenses of $1.6M, and assets of $17.7M (revenue -24.6% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $17.7M (revenue -78.1% year-over-year).
- 2014: Revenue of $6.0M, expenses of $1.5M, and assets of $18.4M (revenue +114.6% year-over-year).
- 2013: Revenue of $2.8M, expenses of $957K, and assets of $18.6M (revenue +113.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $978K, and assets of $16.8M.
- 2011: Revenue of $-91,957, expenses of $890K, and assets of $16.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Swedenborg Foundation Inc:
Data Sources and Methodology
This transparency report for Swedenborg Foundation Inc 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.