The Fortune Society Inc
The Fortune Society Inc. shows significant revenue and asset growth over the past decade, with consistent positive net assets.
EIN: 132645436 · Long Island City, NY · NTEE: F22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $76.3M |
| Total Expenses | $62.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $76 |
| Net Assets | $26.3M |
| Transparency Score | 85/100 |
Search Intent Cockpit
The Fortune Society Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
The Fortune Society Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around The Fortune Society Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $65.3M and expenses of $62.7M.
Revenue and Expenses
The Fortune Society Inc reported $65.3M in revenue and $62.7M in expenses, a surplus of $2.5M.
Executive Compensation
Top officer compensation appears as $76 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is The Fortune Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $53.3M (85%) |
Across stored filings, The Fortune Society Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Category F context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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All Category F
Local and Sector Spokes
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Long Island City, NY nonprofitsCategory F in New York
Health in New York
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Donation Decision Flow
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Keep the Investigation Moving
The Fortune Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Fortune Society Inc
The Fortune Society Inc (EIN: 132645436) is a nonprofit organization based in Long Island City, NY, classified under NTEE code F22Z. The organization reported total revenue of $76.3M and total assets of $66.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Fortune Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Fortune Society Inc is a major nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65.3M |
| Total Expenses | $62.7M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $63.2M |
| Total Liabilities | $36.9M |
| Net Assets | $26.3M |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 58.4% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, The Fortune Society Inc reported a surplus of $2.5M with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 58.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Fortune Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +40.1% | +87.0% |
| 2022 | +43.5% | +14.7% | +71.6% |
| 2021 | +3.6% | +0.2% | +18.4% |
| 2020 | +15.2% | +13.1% | +7.9% |
| 2019 | +-0.0% | +0.4% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 The Fortune Society Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Fortune Society Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $2.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% for officer compensation, which is highly unusual for an organization of this size with annual revenues exceeding $76 million. This either indicates that executive compensation is not being reported under this specific line item or that the organization operates with entirely unpaid officers, which would be a significant strength in terms of resource allocation.
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 Fortune Society Inc's IRS 990 filings:
- Consistent 0% reported officer compensation, which is unusual for an organization of this size and warrants further clarification.
Strengths
The following positive indicators were identified for The Fortune Society Inc:
- Significant and consistent revenue growth over the past decade, from $11.8M in 2014 to $76.3M currently.
- Strong asset growth, increasing from $10.8M in 2014 to $66.1M, indicating robust financial health.
- Consistent positive net assets across all reported periods, demonstrating sound financial management.
- Expenses generally align with revenue, suggesting efficient use of funds to support growth and operations.
Frequently Asked Questions about The Fortune Society Inc
Is The Fortune Society Inc a legitimate charity?
The Fortune Society Inc (EIN: 132645436) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $76.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Fortune Society Inc spend its money?
The Fortune Society Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Fortune Society Inc tax-deductible?
The Fortune Society Inc is registered as a tax-exempt nonprofit (EIN: 132645436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Fortune Society Inc CEO make?
The Fortune Society Inc's highest-compensated officer earns $76 annually. The organization reported $76.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Fortune Society Inc's spending goes to programs?
The Fortune Society Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Fortune Society Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Fortune Society Inc is above average for NTEE category F22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Fortune Society Inc located?
The Fortune Society Inc is headquartered in Long Island City, New York and files with the IRS under EIN 132645436. It is classified under NTEE code F22Z.
How many years of IRS 990 filings does The Fortune Society Inc have?
The Fortune Society 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 $76.3M in total revenue.
Is The Fortune Society Inc. financially stable?
Yes, the organization appears financially stable, with assets growing from $10.8 million in 2014 to $66.1 million currently, and consistent positive net assets across all reported periods.
How has The Fortune Society Inc.'s revenue changed over time?
The Fortune Society Inc. has experienced substantial revenue growth, increasing from $11.8 million in 2014 to $76.3 million in its latest filing, demonstrating significant expansion.
What is the explanation for 0% officer compensation?
The filings consistently show 0% for officer compensation. This requires further investigation to determine if compensation is reported elsewhere or if officers are indeed unpaid, which would be a notable characteristic for an organization of this scale.
Filing History
IRS 990 filing history for The Fortune Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Fortune Society Inc's revenue has grown by 259.6%, moving from $18.2M to $65.3M. Total assets increased by 687.2% over the same period, from $8.0M to $63.2M. Total functional expenses rose by 248.5%, from $18.0M to $62.7M. In its most recent filing year (2023), The Fortune Society Inc reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $36.9M in liabilities against $63.2M in assets (debt-to-asset ratio: 58.4%), resulting in net assets of $26.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65.3M | $62.7M | $63.2M | $36.9M | — | — |
| 2022 | $59.2M | $44.8M | $33.8M | $10.0M | — | View 990 |
| 2021 | $41.3M | $39.0M | $19.7M | $10.4M | — | View 990 |
| 2020 | $39.8M | $39.0M | $16.6M | $9.5M | — | View 990 |
| 2019 | $34.6M | $34.4M | $15.4M | $9.2M | — | View 990 |
| 2018 | $34.6M | $34.3M | $14.9M | $8.8M | — | View 990 |
| 2017 | $31.2M | $30.5M | $12.3M | $6.4M | — | View 990 |
| 2016 | $27.0M | $26.9M | $10.0M | $4.8M | — | View 990 |
| 2015 | $24.6M | $24.5M | $10.8M | $5.7M | — | View 990 |
| 2014 | $11.8M | $12.1M | $10.8M | $5.8M | — | View 990 |
| 2013 | $22.3M | $21.7M | $11.4M | $6.1M | — | View 990 |
| 2012 | $19.0M | $18.9M | $9.2M | $4.5M | — | View 990 |
| 2011 | $18.2M | $18.0M | $8.0M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65.3M, expenses of $62.7M, and assets of $63.2M (revenue +10.2% year-over-year).
- 2022: Revenue of $59.2M, expenses of $44.8M, and assets of $33.8M (revenue +43.5% year-over-year).
- 2021: Revenue of $41.3M, expenses of $39.0M, and assets of $19.7M (revenue +3.6% year-over-year).
- 2020: Revenue of $39.8M, expenses of $39.0M, and assets of $16.6M (revenue +15.2% year-over-year).
- 2019: Revenue of $34.6M, expenses of $34.4M, and assets of $15.4M (revenue +-0.0% year-over-year).
- 2018: Revenue of $34.6M, expenses of $34.3M, and assets of $14.9M (revenue +10.8% year-over-year).
- 2017: Revenue of $31.2M, expenses of $30.5M, and assets of $12.3M (revenue +15.7% year-over-year).
- 2016: Revenue of $27.0M, expenses of $26.9M, and assets of $10.0M (revenue +9.6% year-over-year).
- 2015: Revenue of $24.6M, expenses of $24.5M, and assets of $10.8M (revenue +108.7% year-over-year).
- 2014: Revenue of $11.8M, expenses of $12.1M, and assets of $10.8M (revenue -47.2% year-over-year).
- 2013: Revenue of $22.3M, expenses of $21.7M, and assets of $11.4M (revenue +17.4% year-over-year).
- 2012: Revenue of $19.0M, expenses of $18.9M, and assets of $9.2M (revenue +4.8% year-over-year).
- 2011: Revenue of $18.2M, expenses of $18.0M, and assets of $8.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Fortune Society Inc:
Data Sources and Methodology
This transparency report for The Fortune Society 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.