The Bat Hanadiv Foundation No 3
Bat Hanadiv Foundation maintains robust assets and zero officer compensation amidst volatile revenue.
EIN: 133091620 · New York, NY · NTEE: T20 · Updated: 2026-03-28
Is The Bat Hanadiv Foundation No 3 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Bat Hanadiv Foundation No 3 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Bat Hanadiv Foundation No 3
The Bat Hanadiv Foundation No 3 (EIN: 133091620) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $340.1M and total assets of $1.6B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bat Hanadiv Foundation No 3's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Bat Hanadiv Foundation No 3 with a Mission Score of 95 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, The Bat Hanadiv Foundation No 3 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and asset base ($1.6 billion).
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 The Bat Hanadiv Foundation No 3's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 201812, which could indicate reliance on unpredictable investment returns.
- Lack of detailed breakdown for program vs. administrative expenses in the provided data, making precise efficiency analysis challenging without full 990 access.
Strengths
The following positive indicators were identified for The Bat Hanadiv Foundation No 3:
- Consistently reports 0% officer compensation, indicating strong financial stewardship and a focus on mission over executive pay.
- Maintains a very strong asset base, exceeding $1.5 billion, providing long-term financial stability.
- Expenses have remained relatively stable despite revenue fluctuations, suggesting consistent operational management.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about The Bat Hanadiv Foundation No 3
Is The Bat Hanadiv Foundation No 3 a legitimate charity?
Based on AI analysis of IRS 990 filings, The Bat Hanadiv Foundation No 3 (EIN: 133091620) some concerns. Mission Score: 95/100. 2 red flags identified, 4 strengths noted.
How does The Bat Hanadiv Foundation No 3 spend its money?
The Bat Hanadiv Foundation No 3 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Bat Hanadiv Foundation No 3 tax-deductible?
The Bat Hanadiv Foundation No 3 is registered as a tax-exempt nonprofit (EIN: 133091620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Bat Hanadiv Foundation No 3 manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive functions may be performed by unpaid volunteers, board members, or through services provided by related entities, or that compensation is structured in a way not reported under 'officer compensation' on the 990. Further investigation into their operational model would be needed.
What caused the significant revenue fluctuations, particularly the negative revenue in 201812?
The substantial swings in revenue, including a negative revenue of $-11,243,391 in 201812, are likely due to investment losses or significant asset revaluations, given the foundation's large asset base. As a foundation, a significant portion of its income often comes from investment returns rather than public donations.
Is the foundation's spending efficient given its large asset base?
With expenses ranging from $35 million to $62 million against an asset base exceeding $1.5 billion, the foundation appears to be spending a relatively small percentage of its assets annually. This could indicate a focus on long-term endowment growth or a conservative spending policy, but it also means a smaller proportion of its total wealth is being deployed for immediate programmatic impact each year.
Filing History
IRS 990 filing history for The Bat Hanadiv Foundation No 3 showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), The Bat Hanadiv Foundation No 3's revenue has grown by 343.5%, moving from $11.7M to $51.9M. Total assets increased by 72.4% over the same period, from $912.2M to $1.6B. Total functional expenses rose by 31%, from $32.7M to $42.8M. In its most recent filing year (2023), The Bat Hanadiv Foundation No 3 reported a surplus of $9.1M, with revenue exceeding expenses. The organization holds $3.8M in liabilities against $1.6B in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.6B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $51.9M | $42.8M | $1.6B | $3.8M | — | View 990 |
| 2022 | $9.0M | $37.5M | $1.5B | $3.0M | — | View 990 |
| 2021 | $100.1M | $62.7M | $1.8B | $4.4M | — | View 990 |
| 2020 | $245.1M | $59.5M | $1.7B | $5.1M | — | View 990 |
| 2019 | $65.2M | $52.9M | $1.4B | $3.3M | — | — |
| 2018 | $-11,243,391 | $43.5M | $1.3B | $2.8M | — | View 990 |
| 2015 | $85.9M | $35.4M | $1.2B | $3.1M | — | View 990 |
| 2014 | $47.5M | $42.9M | $1.1B | $2.7M | — | View 990 |
| 2013 | $11.1M | $36.5M | $1.1B | $4.3M | — | View 990 |
| 2012 | $100.9M | $35.9M | $998.0M | $3.8M | — | View 990 |
| 2011 | $11.7M | $32.7M | $912.2M | $16.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.9M, expenses of $42.8M, and assets of $1.6B (revenue +474.6% year-over-year).
- 2022: Revenue of $9.0M, expenses of $37.5M, and assets of $1.5B (revenue -91.0% year-over-year).
- 2021: Revenue of $100.1M, expenses of $62.7M, and assets of $1.8B (revenue -59.1% year-over-year).
- 2020: Revenue of $245.1M, expenses of $59.5M, and assets of $1.7B (revenue +275.9% year-over-year).
- 2019: Revenue of $65.2M, expenses of $52.9M, and assets of $1.4B.
- 2018: Revenue of $-11,243,391, expenses of $43.5M, and assets of $1.3B (revenue -113.1% year-over-year).
- 2015: Revenue of $85.9M, expenses of $35.4M, and assets of $1.2B (revenue +81.1% year-over-year).
- 2014: Revenue of $47.5M, expenses of $42.9M, and assets of $1.1B (revenue +328.1% year-over-year).
- 2013: Revenue of $11.1M, expenses of $36.5M, and assets of $1.1B (revenue -89.0% year-over-year).
- 2012: Revenue of $100.9M, expenses of $35.9M, and assets of $998.0M (revenue +761.1% year-over-year).
- 2011: Revenue of $11.7M, expenses of $32.7M, and assets of $912.2M.
Data Sources and Methodology
This transparency report for The Bat Hanadiv Foundation No 3 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.