The Hermine And David Heller Foundation
The Hermine And David Heller Foundation maintains strong assets and zero officer compensation, indicating robust financial health.
EIN: 133936476 · New York, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $3.2M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $26 |
| Net Assets | $26.8M |
| Transparency Score | 92/100 |
Is The Hermine And David Heller Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Hermine And David Heller Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Hermine And David Heller Foundation
The Hermine And David Heller Foundation (EIN: 133936476) is a nonprofit organization based in New York, NY, classified under NTEE code T20Z. The organization reported total revenue of $2.9M and total assets of $26.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Hermine And David Heller Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Hermine And David Heller Foundation is a mid-size nonprofit that has been operating for 29 years, with 9 years of IRS 990 filings on record (2012–2023). 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 | $3.5M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$288K |
| Total Assets | $26.8M |
| Total Liabilities | $1 |
| Net Assets | $26.8M |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 100.7 months |
Financial Health Grade: A
In 2023, The Hermine And David Heller Foundation reported a surplus of $288K with revenue exceeding expenses, holds 100.7 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 (2012–2023), The Hermine And David Heller Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.0% | -19.0% | +5.1% |
| 2022 | -38.5% | +54.6% | +10.5% |
| 2021 | +215.7% | -19.4% | +55.9% |
| 2020 | +929.5% | +9.5% | +7.0% |
| 2019 | -78.6% | +242.8% | -26.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Hermine And David Heller Foundation with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Hermine And David Heller Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $288K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly unusual for an organization with assets exceeding $26 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 The Hermine And David Heller Foundation's IRS 990 filings:
- Significant revenue volatility year-over-year, making future income less predictable.
Strengths
The following positive indicators were identified for The Hermine And David Heller Foundation:
- Consistently reports 0% officer compensation, indicating high operational efficiency.
- Maintains substantial and growing assets, reaching $26,774,241 in 202302.
- Extremely low liabilities, often $1, demonstrating excellent financial stability.
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about The Hermine And David Heller Foundation
Is The Hermine And David Heller Foundation a legitimate charity?
The Hermine And David Heller Foundation (EIN: 133936476) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 9 years of IRS 990 filings on record. Total revenue: $2.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Hermine And David Heller Foundation spend its money?
The Hermine And David Heller Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Hermine And David Heller Foundation tax-deductible?
The Hermine And David Heller Foundation is registered as a tax-exempt nonprofit (EIN: 133936476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Hermine And David Heller Foundation CEO make?
The Hermine And David Heller Foundation's highest-compensated officer earns $26 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Hermine And David Heller Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Hermine And David Heller 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 The Hermine And David Heller Foundation located?
The Hermine And David Heller Foundation is headquartered in New York, New York and files with the IRS under EIN 133936476. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does The Hermine And David Heller Foundation have?
The Hermine And David Heller 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 $2.9M in total revenue.
Is The Hermine And David Heller Foundation a good charity?
Based on the available financial data, the foundation appears to be a very good charity. It has substantial assets ($26,774,241 in 202302), minimal liabilities ($1), and consistently reports 0% officer compensation, suggesting high efficiency and a strong focus on its mission.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation across all filings. This indicates that leadership is either unpaid or compensated through other means, keeping direct administrative salary expenses at zero.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $14,726,368 in 201202 to $26,774,241 in 202302, indicating successful asset management and growth over time.
Filing History
IRS 990 filing history for The Hermine And David Heller Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), The Hermine And David Heller Foundation's revenue has grown by 226%, moving from $1.1M to $3.5M. Total assets increased by 81.8% over the same period, from $14.7M to $26.8M. Total functional expenses rose by 1846.8%, from $164K to $3.2M. In its most recent filing year (2023), The Hermine And David Heller Foundation reported a surplus of $288K, with revenue exceeding expenses. The organization holds $1 in liabilities against $26.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $26.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.2M | $26.8M | $1 | — | View 990 |
| 2022 | $11.2M | $3.9M | $25.5M | $1 | — | View 990 |
| 2021 | $18.3M | $2.5M | $23.0M | $1 | — | View 990 |
| 2020 | $5.8M | $3.2M | $14.8M | $1 | — | View 990 |
| 2019 | $562K | $2.9M | $13.8M | $0 | — | View 990 |
| 2015 | $2.6M | $842K | $18.7M | $0 | — | View 990 |
| 2014 | $1.7M | $319K | $16.9M | $500 | — | View 990 |
| 2013 | $1.2M | $339K | $15.6M | $0 | — | View 990 |
| 2012 | $1.1M | $164K | $14.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.2M, and assets of $26.8M (revenue -69.0% year-over-year).
- 2022: Revenue of $11.2M, expenses of $3.9M, and assets of $25.5M (revenue -38.5% year-over-year).
- 2021: Revenue of $18.3M, expenses of $2.5M, and assets of $23.0M (revenue +215.7% year-over-year).
- 2020: Revenue of $5.8M, expenses of $3.2M, and assets of $14.8M (revenue +929.5% year-over-year).
- 2019: Revenue of $562K, expenses of $2.9M, and assets of $13.8M (revenue -78.6% year-over-year).
- 2015: Revenue of $2.6M, expenses of $842K, and assets of $18.7M (revenue +58.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $319K, and assets of $16.9M (revenue +35.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $339K, and assets of $15.6M (revenue +14.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $164K, and assets of $14.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Hermine And David Heller Foundation:
Data Sources and Methodology
This transparency report for The Hermine And David Heller 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.