Sykes Family Foundation
Sykes Family Foundation maintains strong assets despite recent years of expenses exceeding revenue.
EIN: 133748075 · Plainview, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $3.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $15.7M |
| Transparency Score | 85/100 |
Is Sykes Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sykes Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sykes Family Foundation
Sykes Family Foundation (EIN: 133748075) is a nonprofit organization based in Plainview, NY, classified under NTEE code T20Z. The organization reported total revenue of $5.8M and total assets of $17.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sykes Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sykes Family Foundation is a mid-size nonprofit that has been operating for 32 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-1,657,748 |
| Total Assets | $15.7M |
| Total Liabilities | $1 |
| Net Assets | $15.7M |
| Operating Margin | -102.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 57.4 months |
Financial Health Grade: B
In 2024, Sykes Family Foundation reported a deficit of $1.7M with expenses exceeding revenue, holds 57.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Sykes Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.0% | +1.0% | -11.6% |
| 2023 | -75.7% | +43.6% | -7.4% |
| 2022 | +67.9% | -36.1% | +18.3% |
| 2021 | +16.8% | +194.9% | +2.2% |
| 2020 | +106.6% | +243.3% | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Sykes Family 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, Sykes 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is entirely volunteer-based, which is highly commendable for an organization with assets exceeding $17 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 Sykes Family Foundation's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 2024 expenses $3.27M vs. revenue $1.61M), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Sykes Family Foundation:
- Consistently reports 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Maintains substantial assets ($17,376,902) providing long-term financial stability.
- Minimal liabilities ($1 in recent years) indicating strong financial management.
- Significant revenue spike in 2022 ($7,465,941) demonstrates capacity for substantial financial inflows.
Frequently Asked Questions about Sykes Family Foundation
Is Sykes Family Foundation a legitimate charity?
Sykes Family Foundation (EIN: 133748075) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $5.8M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Sykes Family Foundation spend its money?
Sykes Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sykes Family Foundation tax-deductible?
Sykes Family Foundation is registered as a tax-exempt nonprofit (EIN: 133748075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sykes Family Foundation CEO make?
Sykes Family Foundation's highest-compensated officer earns $17 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Sykes Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sykes Family Foundation is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sykes Family Foundation located?
Sykes Family Foundation is headquartered in Plainview, New York and files with the IRS under EIN 133748075. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Sykes Family Foundation have?
Sykes Family Foundation has 9 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 $5.8M in total revenue.
Is Sykes Family Foundation a good charity?
Based on the available data, the Sykes Family Foundation appears to be a well-managed private foundation. It has substantial assets ($17,376,902), consistently reports zero officer compensation, and maintains minimal liabilities. Its primary function as a grantmaking foundation means its 'program' spending is directed towards other charitable organizations. The recent trend of expenses exceeding revenue (e.g., $3,273,099 expenses vs. $1,615,351 revenue in 2024) is a point to watch, but its large asset base provides stability.
How does the foundation manage its expenses relative to its revenue?
In the last two fiscal periods (2024 and 2023), the foundation's expenses ($3,273,099 and $3,242,279 respectively) have significantly outpaced its revenue ($1,615,351 and $1,815,982 respectively). This suggests the foundation is utilizing its accumulated assets to fund its grantmaking and operational activities, rather than relying solely on current year income. This is a common strategy for foundations with large endowments.
What is the foundation's approach to executive compensation?
The Sykes Family Foundation has a highly efficient approach to executive compensation, consistently reporting 0% officer compensation across all nine available filings. This indicates that its leadership serves on a volunteer basis, ensuring that all funds are directed towards its charitable mission and operational costs.
Filing History
IRS 990 filing history for Sykes Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Sykes Family Foundation's revenue has grown by 252.2%, moving from $459K to $1.6M. Total assets increased by 41.2% over the same period, from $11.1M to $15.7M. Total functional expenses rose by 154.3%, from $1.3M to $3.3M. In its most recent filing year (2024), Sykes Family Foundation reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $15.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.6M | $3.3M | $15.7M | $1 | — | — |
| 2023 | $1.8M | $3.2M | $17.7M | $1 | — | View 990 |
| 2022 | $7.5M | $2.3M | $19.1M | $1 | — | View 990 |
| 2021 | $4.4M | $3.5M | $16.2M | $1 | — | View 990 |
| 2020 | $3.8M | $1.2M | $15.8M | $0 | — | View 990 |
| 2015 | $1.8M | $349K | $12.3M | $0 | — | View 990 |
| 2014 | $771K | $320K | $11.3M | $0 | — | View 990 |
| 2013 | $783K | $1.0M | $10.9M | $0 | — | View 990 |
| 2012 | $459K | $1.3M | $11.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.6M, expenses of $3.3M, and assets of $15.7M (revenue -11.0% year-over-year).
- 2023: Revenue of $1.8M, expenses of $3.2M, and assets of $17.7M (revenue -75.7% year-over-year).
- 2022: Revenue of $7.5M, expenses of $2.3M, and assets of $19.1M (revenue +67.9% year-over-year).
- 2021: Revenue of $4.4M, expenses of $3.5M, and assets of $16.2M (revenue +16.8% year-over-year).
- 2020: Revenue of $3.8M, expenses of $1.2M, and assets of $15.8M (revenue +106.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $349K, and assets of $12.3M (revenue +139.0% year-over-year).
- 2014: Revenue of $771K, expenses of $320K, and assets of $11.3M (revenue -1.5% year-over-year).
- 2013: Revenue of $783K, expenses of $1.0M, and assets of $10.9M (revenue +70.6% year-over-year).
- 2012: Revenue of $459K, expenses of $1.3M, and assets of $11.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sykes Family Foundation:
Data Sources and Methodology
This transparency report for Sykes 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.