The New York Foundling
The New York Foundling shows strong financial growth and asset accumulation over the past decade.
EIN: 131624123 · New York, NY · NTEE: P300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $247.7M |
| Total Expenses | $225.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $223.8M |
| Transparency Score | 88/100 |
Is The New York Foundling Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The New York Foundling directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The New York Foundling
The New York Foundling (EIN: 131624123) is a nonprofit organization based in New York, NY, classified under NTEE code P300. The organization reported total revenue of $247.7M and total assets of $345.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New York Foundling's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The New York Foundling is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $230.3M |
| Total Expenses | $225.0M |
| Surplus / Deficit | +$5.4M |
| Total Assets | $325.8M |
| Total Liabilities | $101.9M |
| Net Assets | $223.8M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 31.3% |
| Months of Reserves | 17.4 months |
Financial Health Grade: A
In 2023, The New York Foundling reported a surplus of $5.4M with revenue exceeding expenses, holds 17.4 months of operating reserves (strong position), has a debt-to-asset ratio of 31.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The New York Foundling's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.2% | +2.4% | +3.1% |
| 2022 | +11.3% | +4.0% | -7.2% |
| 2021 | +41.1% | +19.8% | +8.6% |
| 2020 | +7.3% | +12.7% | +107.2% |
| 2019 | +11.0% | +7.7% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 New York Foundling with a Mission Score of 88 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 New York Foundling 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 $5.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.3%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all reported periods, which is unusual for an organization of this size with over $200 million in annual revenue and over $300 million in assets. This suggests that executive compensation might be reported under different categories or is not directly disclosed in the 'Officer Comp' field, requiring a deeper dive into the full 990 forms for complete understanding.
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 New York Foundling's IRS 990 filings:
- Unclear executive compensation reporting (0% officer comp for a large organization)
Strengths
The following positive indicators were identified for The New York Foundling:
- Strong and consistent revenue growth over a decade, from $112M to $230M.
- Significant asset accumulation, reaching $325M in 202306.
- Healthy financial reserves with assets comfortably exceeding liabilities.
- Consistent positive net income in most recent periods, indicating sound financial management.
Frequently Asked Questions about The New York Foundling
Is The New York Foundling a legitimate charity?
The New York Foundling (EIN: 131624123) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $247.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The New York Foundling spend its money?
The New York Foundling directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The New York Foundling tax-deductible?
The New York Foundling is registered as a tax-exempt nonprofit (EIN: 131624123). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The New York Foundling CEO make?
The New York Foundling's highest-compensated officer earns $200 annually. The organization reported $247.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The New York Foundling's spending goes to programs?
The New York Foundling directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The New York Foundling compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The New York Foundling is above average for NTEE category P300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The New York Foundling located?
The New York Foundling is headquartered in New York, New York and files with the IRS under EIN 131624123. It is classified under NTEE code P300.
How many years of IRS 990 filings does The New York Foundling have?
The New York Foundling 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 $247.7M in total revenue.
How does The New York Foundling manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings for an organization with over $200 million in revenue is highly unusual. This suggests that executive compensation might be reported under different categories within the full 990 form, such as 'Salaries, other compensation, employee benefits' for key employees, rather than in the specific 'Officer Comp' field provided in this summary data. A detailed review of the full IRS 990, Part VII, Section A would be necessary to understand how executive compensation is structured and disclosed.
What is the specific breakdown of administrative and fundraising expenses?
The provided summary data does not offer a detailed breakdown of administrative and fundraising expenses. To understand the exact percentages allocated to these categories, one would need to consult the full IRS 990 forms, specifically Part IX, Statement of Functional Expenses.
Has the organization maintained its program efficiency with its significant growth?
While specific program spending ratios are not provided in the summary, the organization has consistently maintained a positive net income (revenue exceeding expenses) in most recent years, indicating effective financial management alongside substantial growth from $112 million to over $230 million in revenue. This suggests that growth has been managed without significant detriment to overall financial efficiency.
Filing History
IRS 990 filing history for The New York Foundling showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The New York Foundling's revenue has grown by 135.9%, moving from $97.6M to $230.3M. Total assets increased by 341.8% over the same period, from $73.7M to $325.8M. Total functional expenses rose by 123.2%, from $100.8M to $225.0M. In its most recent filing year (2023), The New York Foundling reported a surplus of $5.4M, with revenue exceeding expenses. The organization holds $101.9M in liabilities against $325.8M in assets (debt-to-asset ratio: 31.3%), resulting in net assets of $223.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $230.3M | $225.0M | $325.8M | $101.9M | — | — |
| 2022 | $265.3M | $219.6M | $316.0M | $89.9M | — | View 990 |
| 2021 | $238.4M | $211.2M | $340.4M | $106.8M | — | View 990 |
| 2020 | $169.0M | $176.3M | $313.5M | $75.4M | — | View 990 |
| 2019 | $157.6M | $156.5M | $151.3M | $68.0M | — | View 990 |
| 2018 | $141.9M | $145.3M | $136.5M | $55.9M | — | View 990 |
| 2017 | $141.0M | $136.4M | $136.8M | $55.5M | — | View 990 |
| 2016 | $130.7M | $133.3M | $132.5M | $56.3M | — | View 990 |
| 2015 | $161.3M | $126.5M | $141.7M | $62.8M | — | View 990 |
| 2014 | $112.7M | $115.4M | $95.1M | $47.6M | — | View 990 |
| 2013 | $120.9M | $113.7M | $84.1M | $36.2M | — | View 990 |
| 2012 | $104.3M | $105.2M | $76.1M | $36.6M | — | View 990 |
| 2011 | $97.6M | $100.8M | $73.7M | $33.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $230.3M, expenses of $225.0M, and assets of $325.8M (revenue -13.2% year-over-year).
- 2022: Revenue of $265.3M, expenses of $219.6M, and assets of $316.0M (revenue +11.3% year-over-year).
- 2021: Revenue of $238.4M, expenses of $211.2M, and assets of $340.4M (revenue +41.1% year-over-year).
- 2020: Revenue of $169.0M, expenses of $176.3M, and assets of $313.5M (revenue +7.3% year-over-year).
- 2019: Revenue of $157.6M, expenses of $156.5M, and assets of $151.3M (revenue +11.0% year-over-year).
- 2018: Revenue of $141.9M, expenses of $145.3M, and assets of $136.5M (revenue +0.6% year-over-year).
- 2017: Revenue of $141.0M, expenses of $136.4M, and assets of $136.8M (revenue +7.9% year-over-year).
- 2016: Revenue of $130.7M, expenses of $133.3M, and assets of $132.5M (revenue -19.0% year-over-year).
- 2015: Revenue of $161.3M, expenses of $126.5M, and assets of $141.7M (revenue +43.1% year-over-year).
- 2014: Revenue of $112.7M, expenses of $115.4M, and assets of $95.1M (revenue -6.7% year-over-year).
- 2013: Revenue of $120.9M, expenses of $113.7M, and assets of $84.1M (revenue +15.9% year-over-year).
- 2012: Revenue of $104.3M, expenses of $105.2M, and assets of $76.1M (revenue +6.8% year-over-year).
- 2011: Revenue of $97.6M, expenses of $100.8M, and assets of $73.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The New York Foundling:
Data Sources and Methodology
This transparency report for The New York Foundling 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.