The Heckscher Foundation For Children
Heckscher Foundation maintains robust assets and zero reported officer compensation amidst fluctuating revenues.
EIN: 131820170 · New York, NY · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.5M |
| Total Expenses | $20.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $340 |
| Net Assets | $341.5M |
| Transparency Score | 90/100 |
Is The Heckscher Foundation For Children Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Heckscher Foundation For Children directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Heckscher Foundation For Children
The Heckscher Foundation For Children (EIN: 131820170) is a nonprofit organization based in New York, NY, classified under NTEE code B12. The organization reported total revenue of $28.5M and total assets of $360.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Heckscher Foundation For Children's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Heckscher Foundation For Children is a large nonprofit that has been operating for 88 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.1M |
| Total Expenses | $20.8M |
| Surplus / Deficit | $-7,764,630 |
| Total Assets | $341.5M |
| Total Liabilities | $1 |
| Net Assets | $341.5M |
| Operating Margin | -59.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 196.6 months |
Financial Health Grade: B
In 2023, The Heckscher Foundation For Children reported a deficit of $7.8M with expenses exceeding revenue, holds 196.6 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), The Heckscher Foundation For Children's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.3% | +16.3% | +3.3% |
| 2022 | -73.3% | +2.0% | +29.5% |
| 2021 | +207.9% | +32.8% | +7.8% |
| 2020 | -3.0% | -19.8% | -0.6% |
| 2019 | +22.0% | +7.1% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 The Heckscher Foundation For Children with a Mission Score of 90 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 Heckscher Foundation For Children 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is highly favorable for an organization with assets exceeding $340 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.
Strengths
The following positive indicators were identified for The Heckscher Foundation For Children:
- Consistently high asset base (e.g., $341,543,020 in 202312)
- 0% reported officer compensation across all filings
- Minimal liabilities (often $1) indicating strong financial health
- Long history of consistent IRS 990 filings
- Significant growth in assets over the past decade
Frequently Asked Questions about The Heckscher Foundation For Children
Is The Heckscher Foundation For Children a legitimate charity?
The Heckscher Foundation For Children (EIN: 131820170) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $28.5M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does The Heckscher Foundation For Children spend its money?
The Heckscher Foundation For Children directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Heckscher Foundation For Children tax-deductible?
The Heckscher Foundation For Children is registered as a tax-exempt nonprofit (EIN: 131820170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Heckscher Foundation For Children CEO make?
The Heckscher Foundation For Children's highest-compensated officer earns $340 annually. The organization reported $28.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Heckscher Foundation For Children compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Heckscher Foundation For Children is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Heckscher Foundation For Children located?
The Heckscher Foundation For Children is headquartered in New York, New York and files with the IRS under EIN 131820170. It is classified under NTEE code B12.
How many years of IRS 990 filings does The Heckscher Foundation For Children have?
The Heckscher Foundation For Children 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 $28.5M in total revenue.
Is The Heckscher Foundation For Children a good charity?
Based on the provided financial data, The Heckscher Foundation For Children appears to be a very good charity. It maintains substantial assets (e.g., $341,543,020 in 202312), consistently reports 0% officer compensation, and has minimal liabilities, indicating strong financial health and efficient management.
How does the foundation manage its expenses relative to its revenue?
The foundation's expenses, such as $20,843,955 in 202312, are generally well-managed. While revenue can fluctuate (e.g., $13,079,325 in 202312 vs. $36,205,183 in 202112), the substantial asset base ensures long-term stability and the ability to cover operational costs even in years with lower revenue.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth, increasing from $233,633,480 in 201112 to $341,543,020 in 202312, demonstrating strong financial stewardship and investment performance over the long term.
Filing History
IRS 990 filing history for The Heckscher Foundation For Children showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Heckscher Foundation For Children's revenue has grown by 21.9%, moving from $10.7M to $13.1M. Total assets increased by 46.2% over the same period, from $233.6M to $341.5M. Total functional expenses rose by 51.5%, from $13.8M to $20.8M. In its most recent filing year (2023), The Heckscher Foundation For Children reported a deficit of $7.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $341.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $341.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.1M | $20.8M | $341.5M | $1 | — | View 990 |
| 2022 | $9.7M | $17.9M | $330.8M | $1 | — | View 990 |
| 2021 | $36.2M | $17.6M | $255.3M | $1 | — | View 990 |
| 2020 | $11.8M | $13.2M | $236.8M | $15K | — | — |
| 2019 | $12.1M | $16.5M | $238.2M | $11K | — | View 990 |
| 2015 | $9.9M | $15.4M | $251.4M | $0 | — | View 990 |
| 2014 | $11.2M | $15.2M | $257.0M | $0 | — | View 990 |
| 2013 | $34.5M | $14.6M | $261.1M | $0 | — | View 990 |
| 2012 | $21.3M | $13.5M | $241.3M | $0 | — | View 990 |
| 2011 | $10.7M | $13.8M | $233.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.1M, expenses of $20.8M, and assets of $341.5M (revenue +35.3% year-over-year).
- 2022: Revenue of $9.7M, expenses of $17.9M, and assets of $330.8M (revenue -73.3% year-over-year).
- 2021: Revenue of $36.2M, expenses of $17.6M, and assets of $255.3M (revenue +207.9% year-over-year).
- 2020: Revenue of $11.8M, expenses of $13.2M, and assets of $236.8M (revenue -3.0% year-over-year).
- 2019: Revenue of $12.1M, expenses of $16.5M, and assets of $238.2M (revenue +22.0% year-over-year).
- 2015: Revenue of $9.9M, expenses of $15.4M, and assets of $251.4M (revenue -11.3% year-over-year).
- 2014: Revenue of $11.2M, expenses of $15.2M, and assets of $257.0M (revenue -67.5% year-over-year).
- 2013: Revenue of $34.5M, expenses of $14.6M, and assets of $261.1M (revenue +62.1% year-over-year).
- 2012: Revenue of $21.3M, expenses of $13.5M, and assets of $241.3M (revenue +98.2% year-over-year).
- 2011: Revenue of $10.7M, expenses of $13.8M, and assets of $233.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Heckscher Foundation For Children:
Data Sources and Methodology
This transparency report for The Heckscher Foundation For Children 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.