The Lipman Family Foundation Inc
Lipman Family Foundation shows strong asset growth and zero officer compensation amidst fluctuating revenue.
EIN: 136066963 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38.2M |
| Total Expenses | $2.9M |
| Program Spending | 90% |
| Net Assets | $48.9M |
| Transparency Score | 85/100 |
Is The Lipman Family 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 Lipman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Lipman Family Foundation Inc
The Lipman Family Foundation Inc (EIN: 136066963) is a nonprofit organization based in New York, NY. The organization reported total revenue of $38.2M and total assets of $54.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lipman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lipman Family Foundation Inc is a large nonprofit that has been operating for 66 years, with 10 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 14.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$859K |
| Total Assets | $48.9M |
| Total Liabilities | $1 |
| Net Assets | $48.9M |
| Operating Margin | 23.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 203.9 months |
Financial Health Grade: A
In 2024, The Lipman Family Foundation Inc reported a surplus of $859K with revenue exceeding expenses, holds 203.9 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 (2011–2024), The Lipman Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1836.3% | -43.9% | +1.5% |
| 2023 | -96.5% | +122.1% | -6.4% |
| 2022 | +37.0% | +33.5% | +6.7% |
| 2021 | +0.4% | -6.7% | +5.0% |
| 2020 | +29.6% | +121.4% | +283.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1960 |
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 Lipman Family Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, The Lipman Family Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $859K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Lipman Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly efficient for a foundation of its size.
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 Lipman Family Foundation Inc's IRS 990 filings:
- Significant revenue volatility makes future income projections challenging.
Strengths
The following positive indicators were identified for The Lipman Family Foundation Inc:
- Consistent 0% officer compensation indicates highly efficient leadership structure.
- Strong asset growth from $15.5M in 2011 to $54.3M currently, demonstrating effective financial management.
- Expenses consistently well below revenue, allowing for asset accumulation and future grantmaking capacity.
- Low liabilities across all reporting periods, indicating sound financial health.
Frequently Asked Questions about The Lipman Family Foundation Inc
Is The Lipman Family Foundation Inc a legitimate charity?
The Lipman Family Foundation Inc (EIN: 136066963) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $38.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Lipman Family Foundation Inc spend its money?
The Lipman Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Lipman Family Foundation Inc tax-deductible?
The Lipman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136066963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Lipman Family Foundation Inc located?
The Lipman Family Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136066963.
How many years of IRS 990 filings does The Lipman Family Foundation Inc have?
The Lipman Family 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 $38.2M in total revenue.
What is the primary cause of the significant revenue fluctuations, such as $38,185,148 in the latest period versus $193,006 in 202306?
The substantial revenue fluctuations likely stem from investment gains or large, infrequent contributions, common for private foundations that manage endowments and distribute grants.
How does the foundation ensure its grantmaking aligns with its mission without paid officers?
The foundation likely relies on volunteer leadership or a board of directors to guide its grantmaking decisions and operational oversight, leveraging their expertise without direct compensation reported as officer pay.
What percentage of total expenses is allocated to actual grant distributions?
Based on the provided data, a precise percentage of expenses allocated to grant distributions cannot be determined without a detailed breakdown of program expenses. However, as a foundation, the majority of its expenses are expected to be grants.
Filing History
IRS 990 filing history for The Lipman Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), The Lipman Family Foundation Inc's revenue has grown by 482.4%, moving from $642K to $3.7M. Total assets increased by 215.6% over the same period, from $15.5M to $48.9M. Total functional expenses fell by 28%, from $4.0M to $2.9M. In its most recent filing year (2024), The Lipman Family Foundation Inc reported a surplus of $859K, with revenue exceeding expenses. The organization holds $1 in liabilities against $48.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $48.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.7M | $2.9M | $48.9M | $1 | — | View 990 |
| 2023 | $193K | $5.1M | $48.2M | $146K | — | — |
| 2022 | $5.4M | $2.3M | $51.5M | $167K | — | View 990 |
| 2021 | $4.0M | $1.7M | $48.2M | $50K | — | View 990 |
| 2020 | $4.0M | $1.9M | $45.9M | $1 | — | View 990 |
| 2015 | $3.1M | $838K | $12.0M | $0 | — | View 990 |
| 2014 | $574K | $1.0M | $10.3M | $0 | — | View 990 |
| 2013 | $483K | $621K | $10.7M | $0 | — | View 990 |
| 2012 | $92K | $7.7M | $10.9M | $0 | — | View 990 |
| 2011 | $642K | $4.0M | $15.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.7M, expenses of $2.9M, and assets of $48.9M (revenue +1836.3% year-over-year).
- 2023: Revenue of $193K, expenses of $5.1M, and assets of $48.2M (revenue -96.5% year-over-year).
- 2022: Revenue of $5.4M, expenses of $2.3M, and assets of $51.5M (revenue +37.0% year-over-year).
- 2021: Revenue of $4.0M, expenses of $1.7M, and assets of $48.2M (revenue +0.4% year-over-year).
- 2020: Revenue of $4.0M, expenses of $1.9M, and assets of $45.9M (revenue +29.6% year-over-year).
- 2015: Revenue of $3.1M, expenses of $838K, and assets of $12.0M (revenue +431.9% year-over-year).
- 2014: Revenue of $574K, expenses of $1.0M, and assets of $10.3M (revenue +18.6% year-over-year).
- 2013: Revenue of $483K, expenses of $621K, and assets of $10.7M (revenue +427.0% year-over-year).
- 2012: Revenue of $92K, expenses of $7.7M, and assets of $10.9M (revenue -85.7% year-over-year).
- 2011: Revenue of $642K, expenses of $4.0M, and assets of $15.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lipman Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Lipman Family 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.