The Newburger Schwartz Family Foundation
Newburger Schwartz Family Foundation's assets have declined by 12.7% since 2020 due to consistent spending exceeding revenue.
EIN: 203974374 · Arlington, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $273K |
| Program Spending | 90% |
| Net Assets | $3.5M |
| Transparency Score | 85/100 |
Is The Newburger Schwartz Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Newburger Schwartz Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Newburger Schwartz Family Foundation
The Newburger Schwartz Family Foundation (EIN: 203974374) is a nonprofit organization based in Arlington, VA, classified under NTEE code T20. The organization reported total revenue of $3.0M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Newburger Schwartz Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Newburger Schwartz Family Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $273K |
| Surplus / Deficit | $-174,012 |
| Total Assets | $3.5M |
| Total Liabilities | $1 |
| Net Assets | $3.5M |
| Operating Margin | -175.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 154.2 months |
Financial Health Grade: B
In 2023, The Newburger Schwartz Family Foundation reported a deficit of $174K with expenses exceeding revenue, holds 154.2 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 Newburger Schwartz Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -105.1% | +18.4% | -8.0% |
| 2021 | -39.5% | +3.6% | -0.6% |
| 2020 | +405.2% | +58.2% | +3.5% |
| 2019 | -96.7% | +78.6% | +19.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Newburger Schwartz Family Foundation 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 Newburger Schwartz Family Foundation 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 $174K, 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 or trustees are not receiving salaries from the foundation, which is highly favorable for resource allocation.
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 Newburger Schwartz Family Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years (2019-2023), leading to asset depletion.
- Lack of detailed program spending breakdown in summary data makes it difficult to fully assess impact.
Strengths
The following positive indicators were identified for The Newburger Schwartz Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
- Strong asset base of over $3.4 million, providing a solid foundation for future distributions.
- Minimal liabilities ($0-$1) consistently reported, indicating strong financial health and solvency.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about The Newburger Schwartz Family Foundation
Is The Newburger Schwartz Family Foundation a legitimate charity?
The Newburger Schwartz Family Foundation (EIN: 203974374) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Newburger Schwartz Family Foundation spend its money?
The Newburger Schwartz Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Newburger Schwartz Family Foundation tax-deductible?
The Newburger Schwartz Family Foundation is registered as a tax-exempt nonprofit (EIN: 203974374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Newburger Schwartz Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Newburger Schwartz Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Newburger Schwartz Family Foundation located?
The Newburger Schwartz Family Foundation is headquartered in Arlington, Virginia and files with the IRS under EIN 203974374. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Newburger Schwartz Family Foundation have?
The Newburger Schwartz Family Foundation 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 $3.0M in total revenue.
What are the specific programs or grants funded by The Newburger Schwartz Family Foundation?
The provided data does not detail specific programs or grants. Further investigation into the full IRS 990 forms would be required to identify the foundation's charitable activities and beneficiaries.
Why has revenue been consistently lower than expenses in recent years?
As a private foundation, it is common for expenses (primarily grants and distributions) to exceed annual revenue, especially if the foundation is drawing down from its endowment or investment returns are volatile. The foundation's assets have decreased from $4,025,910 in 2020 to $3,509,376 in 2023, indicating it is distributing more than it is generating in income.
How does the foundation manage its investments to sustain its mission?
The provided data does not offer details on investment management strategies. The significant asset base of over $3.4 million suggests a substantial endowment, but the specific investment approach is not disclosed in this summary.
Filing History
IRS 990 filing history for The Newburger Schwartz Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Newburger Schwartz Family Foundation's revenue has declined by 75.6%, moving from $407K to $99K. Total assets increased by 234.4% over the same period, from $1.0M to $3.5M. Total functional expenses rose by 345.3%, from $61K to $273K. In its most recent filing year (2023), The Newburger Schwartz Family Foundation reported a deficit of $174K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $273K | $3.5M | $1 | — | View 990 |
| 2022 | $-11,880 | $302K | $3.7M | $1 | — | — |
| 2021 | $231K | $255K | $4.0M | $1 | — | View 990 |
| 2020 | $382K | $246K | $4.0M | $1 | — | — |
| 2019 | $76K | $156K | $3.9M | $1 | — | View 990 |
| 2015 | $2.3M | $87K | $3.3M | $1 | — | View 990 |
| 2014 | $92K | $82K | $1.0M | $0 | — | View 990 |
| 2013 | $100K | $80K | $1.0M | $0 | — | View 990 |
| 2012 | $53K | $84K | $1.0M | $0 | — | View 990 |
| 2011 | $407K | $61K | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $273K, and assets of $3.5M.
- 2022: Revenue of $-11,880, expenses of $302K, and assets of $3.7M (revenue -105.1% year-over-year).
- 2021: Revenue of $231K, expenses of $255K, and assets of $4.0M (revenue -39.5% year-over-year).
- 2020: Revenue of $382K, expenses of $246K, and assets of $4.0M (revenue +405.2% year-over-year).
- 2019: Revenue of $76K, expenses of $156K, and assets of $3.9M (revenue -96.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $87K, and assets of $3.3M (revenue +2386.7% year-over-year).
- 2014: Revenue of $92K, expenses of $82K, and assets of $1.0M (revenue -8.8% year-over-year).
- 2013: Revenue of $100K, expenses of $80K, and assets of $1.0M (revenue +90.2% year-over-year).
- 2012: Revenue of $53K, expenses of $84K, and assets of $1.0M (revenue -87.0% year-over-year).
- 2011: Revenue of $407K, expenses of $61K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Newburger Schwartz Family Foundation:
Data Sources and Methodology
This transparency report for The Newburger Schwartz Family 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.