Terumah Foundation Inc
Terumah Foundation maintains substantial assets despite volatile revenues and recent deficit spending.
EIN: 133694180 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $4.5M |
| Program Spending | 70% |
| Net Assets | $70.8M |
| Transparency Score | 75/100 |
Is Terumah Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Terumah Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Terumah Foundation Inc
Terumah Foundation Inc (EIN: 133694180) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.0M and total assets of $71.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Terumah Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Terumah Foundation Inc is a mid-size nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-2,675,474 |
| Total Assets | $70.8M |
| Total Liabilities | $1 |
| Net Assets | $70.8M |
| Operating Margin | -149.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 190.2 months |
Financial Health Grade: B
In 2023, Terumah Foundation Inc reported a deficit of $2.7M with expenses exceeding revenue, holds 190.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Terumah Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +78.4% | -3.6% |
| 2022 | -74.5% | -23.3% | -0.9% |
| 2021 | -45.1% | +91.3% | +5.7% |
| 2020 | +355.9% | -57.6% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Terumah 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Terumah Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.7M, 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 officers are either unpaid, compensated through non-officer categories, or the organization operates with a volunteer leadership structure, which is a positive sign for donor confidence.
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 Terumah Foundation Inc's IRS 990 filings:
- Inconsistent revenue streams with significant year-to-year fluctuations, including negative revenue in 2015.
- Expenses exceeding revenue in the two most recent filing periods (2022 and 2023), indicating deficit spending.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Terumah Foundation Inc:
- Consistently low liabilities, often reported as $0 or $1, indicating strong financial management and minimal debt.
- Substantial and growing asset base, increasing from $24.6M in 2011 to $71.7M currently, providing financial stability.
- 0% reported officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Long filing history (10 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Terumah Foundation Inc
Is Terumah Foundation Inc a legitimate charity?
Terumah Foundation Inc (EIN: 133694180) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.0M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Terumah Foundation Inc spend its money?
Terumah Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Terumah Foundation Inc tax-deductible?
Terumah Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133694180). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Terumah Foundation Inc's spending goes to programs?
Terumah Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Terumah Foundation Inc located?
Terumah Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133694180.
How many years of IRS 990 filings does Terumah Foundation Inc have?
Terumah Foundation Inc 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 $6.0M in total revenue.
What is the specific mission and program focus of the Terumah Foundation Inc.?
The provided data does not specify the NTEE code or a detailed mission statement, making it difficult to ascertain the exact programmatic focus of the organization.
Why have expenses exceeded revenue in the last two reported periods (2022 and 2023)?
In 2022, expenses were $2,503,717 against revenue of $1,846,461, and in 2023, expenses were $4,467,267 against revenue of $1,791,793. This indicates the organization is spending more than it is taking in, potentially drawing from its significant asset base or reserves.
What are the specific categories of expenses that constitute the total expenses reported?
The provided IRS 990 summary data only gives total expenses. A detailed breakdown into program, administrative, and fundraising costs would be necessary for a more thorough analysis of spending efficiency.
How does the organization manage its significant asset base of over $70 million?
With assets of $71,793,470, the organization holds substantial financial resources. Understanding its investment strategies and how these assets contribute to its mission would provide further insight into its financial health and sustainability.
Filing History
IRS 990 filing history for Terumah Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Terumah Foundation Inc's revenue has declined by 35.7%, moving from $2.8M to $1.8M. Total assets increased by 186.8% over the same period, from $24.7M to $70.8M. Total functional expenses rose by 206.3%, from $1.5M to $4.5M. In its most recent filing year (2023), Terumah Foundation Inc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $70.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $70.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $4.5M | $70.8M | $1 | — | — |
| 2022 | $1.8M | $2.5M | $73.5M | $1 | — | View 990 |
| 2021 | $7.2M | $3.3M | $74.1M | $1 | — | View 990 |
| 2020 | $13.2M | $1.7M | $70.2M | $3K | — | View 990 |
| 2019 | $2.9M | $4.0M | $58.7M | $8K | — | View 990 |
| 2015 | $-1,786,226 | $2.4M | $49.4M | $0 | — | View 990 |
| 2014 | $5.9M | $2.1M | $53.6M | $0 | — | View 990 |
| 2013 | $17.7M | $3.0M | $49.8M | $0 | — | View 990 |
| 2012 | $14.9M | $2.6M | $36.9M | $0 | — | View 990 |
| 2011 | $2.8M | $1.5M | $24.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $4.5M, and assets of $70.8M (revenue -3.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.5M, and assets of $73.5M (revenue -74.5% year-over-year).
- 2021: Revenue of $7.2M, expenses of $3.3M, and assets of $74.1M (revenue -45.1% year-over-year).
- 2020: Revenue of $13.2M, expenses of $1.7M, and assets of $70.2M (revenue +355.9% year-over-year).
- 2019: Revenue of $2.9M, expenses of $4.0M, and assets of $58.7M.
- 2015: Revenue of $-1,786,226, expenses of $2.4M, and assets of $49.4M (revenue -130.2% year-over-year).
- 2014: Revenue of $5.9M, expenses of $2.1M, and assets of $53.6M (revenue -66.5% year-over-year).
- 2013: Revenue of $17.7M, expenses of $3.0M, and assets of $49.8M (revenue +18.7% year-over-year).
- 2012: Revenue of $14.9M, expenses of $2.6M, and assets of $36.9M (revenue +433.9% year-over-year).
- 2011: Revenue of $2.8M, expenses of $1.5M, and assets of $24.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Terumah Foundation Inc:
Data Sources and Methodology
This transparency report for Terumah 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.