The Keith Haring Foundation Inc
The Keith Haring Foundation Inc shows strong financial growth and low liabilities with no reported officer compensation.
EIN: 110249024 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50.2M |
| Total Expenses | $6.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $74.6M |
| Transparency Score | 90/100 |
Is The Keith Haring Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Keith Haring Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Keith Haring Foundation Inc
The Keith Haring Foundation Inc (EIN: 110249024) is a nonprofit organization based in New York, NY. The organization reported total revenue of $50.2M and total assets of $77.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Keith Haring Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Keith Haring Foundation Inc is a major nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.9M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$9.1M |
| Total Assets | $74.6M |
| Total Liabilities | $1 |
| Net Assets | $74.6M |
| Operating Margin | 57.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 132.1 months |
Financial Health Grade: A
In 2023, The Keith Haring Foundation Inc reported a surplus of $9.1M with revenue exceeding expenses, holds 132.1 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 Keith Haring Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.1% | -26.6% | +14.0% |
| 2022 | -10.1% | -20.2% | +13.0% |
| 2021 | +77.3% | +15.1% | +13.9% |
| 2020 | -25.6% | +60.8% | +1.3% |
| 2019 | +9.0% | +55.5% | +57.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Keith Haring Foundation Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Keith Haring Foundation 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 $9.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for a foundation with revenues exceeding $15 million annually, suggesting either volunteer leadership or compensation structured outside of typical officer reporting.
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 Keith Haring Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation, which is atypical for an organization of this scale and could obscure full administrative costs.
- NTEE code is unknown, which limits detailed comparison to peer organizations.
Strengths
The following positive indicators were identified for The Keith Haring Foundation Inc:
- Strong financial health with consistent revenue surpluses and asset growth (from $18.6M in 2011 to $74.6M in 2023).
- Extremely low liabilities, often reported as $0 or $1, indicating excellent fiscal management.
- Efficient spending with expenses consistently well below revenue in recent years (e.g., 2023 expenses were 42.5% of revenue).
- Long-term financial stability demonstrated by continuous asset accumulation over more than a decade.
Frequently Asked Questions about The Keith Haring Foundation Inc
Is The Keith Haring Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Keith Haring Foundation Inc (EIN: 110249024) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does The Keith Haring Foundation Inc spend its money?
The Keith Haring Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Keith Haring Foundation Inc tax-deductible?
The Keith Haring Foundation Inc is registered as a tax-exempt nonprofit (EIN: 110249024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Keith Haring Foundation Inc CEO make?
The Keith Haring Foundation Inc's highest-compensated officer earns $15 annually. The organization reported $50.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Keith Haring Foundation Inc's spending goes to programs?
The Keith Haring Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Keith Haring Foundation Inc located?
The Keith Haring Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 110249024.
How many years of IRS 990 filings does The Keith Haring Foundation Inc have?
The Keith Haring 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 $50.2M in total revenue.
How does The Keith Haring Foundation Inc manage to report 0% officer compensation?
The consistent reporting of $0 for officer compensation across all available 990 filings is highly unusual for an organization of this size and revenue. This could indicate that the leadership is entirely volunteer-based, or that compensation for key personnel is structured in a way that is not categorized as 'officer compensation' on the IRS Form 990, such as through a related entity or as general salaries and wages not specifically attributed to officers.
What is the primary use of the significant revenue surpluses reported by the foundation?
The foundation consistently reports revenues significantly higher than expenses, leading to substantial surpluses. For example, in 2023, revenue was $15,916,366 and expenses were $6,775,637. These surpluses appear to be primarily contributing to the substantial growth in the organization's assets, which increased from $18,606,357 in 2011 to $74,604,327 in 2023, indicating a strategy of building endowment or long-term financial stability.
Does the foundation's asset growth align with its stated mission?
Given the foundation's mission to preserve and protect the legacy of Keith Haring, the significant growth in assets from $18.6 million in 2011 to $74.6 million in 2023 suggests a strong capacity to fulfill its long-term goals, potentially through investments that support its programs, exhibitions, and intellectual property management.
Filing History
IRS 990 filing history for The Keith Haring Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Keith Haring Foundation Inc's revenue has grown by 404.8%, moving from $3.2M to $15.9M. Total assets increased by 301% over the same period, from $18.6M to $74.6M. Total functional expenses rose by 85.9%, from $3.6M to $6.8M. In its most recent filing year (2023), The Keith Haring Foundation Inc reported a surplus of $9.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $74.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $74.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.9M | $6.8M | $74.6M | $1 | — | View 990 |
| 2022 | $16.8M | $9.2M | $65.5M | $1 | — | View 990 |
| 2021 | $18.7M | $11.6M | $57.9M | $1 | — | View 990 |
| 2020 | $10.5M | $10.0M | $50.8M | $1 | — | — |
| 2019 | $14.1M | $6.2M | $50.2M | $0 | — | View 990 |
| 2015 | $13.0M | $4.0M | $31.8M | $0 | — | View 990 |
| 2014 | $8.7M | $4.5M | $22.9M | $0 | — | View 990 |
| 2013 | $3.8M | $3.4M | $18.7M | $0 | — | View 990 |
| 2012 | $3.9M | $4.2M | $18.3M | $0 | — | View 990 |
| 2011 | $3.2M | $3.6M | $18.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.9M, expenses of $6.8M, and assets of $74.6M (revenue -5.1% year-over-year).
- 2022: Revenue of $16.8M, expenses of $9.2M, and assets of $65.5M (revenue -10.1% year-over-year).
- 2021: Revenue of $18.7M, expenses of $11.6M, and assets of $57.9M (revenue +77.3% year-over-year).
- 2020: Revenue of $10.5M, expenses of $10.0M, and assets of $50.8M (revenue -25.6% year-over-year).
- 2019: Revenue of $14.1M, expenses of $6.2M, and assets of $50.2M (revenue +9.0% year-over-year).
- 2015: Revenue of $13.0M, expenses of $4.0M, and assets of $31.8M (revenue +49.1% year-over-year).
- 2014: Revenue of $8.7M, expenses of $4.5M, and assets of $22.9M (revenue +130.1% year-over-year).
- 2013: Revenue of $3.8M, expenses of $3.4M, and assets of $18.7M (revenue -1.9% year-over-year).
- 2012: Revenue of $3.9M, expenses of $4.2M, and assets of $18.3M (revenue +22.2% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.6M, and assets of $18.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Keith Haring Foundation Inc:
Data Sources and Methodology
This transparency report for The Keith Haring 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.