The Raymond Frankel Foundation
The Raymond Frankel Foundation consistently directs 100% of its expenses to programs and operations, with no reported officer compensation.
EIN: 133187074 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.0M |
| Total Expenses | $4.5M |
| Program Spending | 100% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $49.5M |
| Transparency Score | 95/100 |
Is The Raymond Frankel Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Raymond Frankel Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Raymond Frankel Foundation
The Raymond Frankel Foundation (EIN: 133187074) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $16.0M and total assets of $48.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Raymond Frankel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Raymond Frankel Foundation is a large nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $276K |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-4,237,109 |
| Total Assets | $49.5M |
| Total Liabilities | $8K |
| Net Assets | $49.5M |
| Operating Margin | -1536.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 131.7 months |
Financial Health Grade: B
In 2023, The Raymond Frankel Foundation reported a deficit of $4.2M with expenses exceeding revenue, holds 131.7 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 (2010–2023), The Raymond Frankel Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.6% | +4.8% | -7.9% |
| 2022 | -49.4% | +18.2% | +7.4% |
| 2021 | +2898.9% | +31.2% | +32.1% |
| 2020 | -94.8% | +7.3% | -5.7% |
| 2019 | +900.7% | +810.9% | +338.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Raymond Frankel Foundation with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, The Raymond Frankel Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $4.2M, 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 are not compensated, which is highly favorable for a foundation of its size with assets nearing $50 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.
Strengths
The following positive indicators were identified for The Raymond Frankel Foundation:
- 100% of expenses directed to programs and operations (0% officer compensation reported across all filings).
- Strong asset growth, from $6.4M in 2010 to $49.5M in 2023.
- Minimal liabilities compared to substantial assets (e.g., $8,071 liabilities vs. $49.5M assets in 2023).
- Consistent history of significant program spending (e.g., $4.5M in 2023, $4.3M in 2022).
Frequently Asked Questions about The Raymond Frankel Foundation
Is The Raymond Frankel Foundation a legitimate charity?
The Raymond Frankel Foundation (EIN: 133187074) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $16.0M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does The Raymond Frankel Foundation spend its money?
The Raymond Frankel Foundation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Raymond Frankel Foundation tax-deductible?
The Raymond Frankel Foundation is registered as a tax-exempt nonprofit (EIN: 133187074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Raymond Frankel Foundation CEO make?
The Raymond Frankel Foundation's highest-compensated officer earns $50 annually. The organization reported $16.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is The Raymond Frankel Foundation located?
The Raymond Frankel Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 133187074.
How many years of IRS 990 filings does The Raymond Frankel Foundation have?
The Raymond Frankel 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 $16.0M in total revenue.
Is The Raymond Frankel Foundation a good charity?
Based on the provided IRS 990 data, The Raymond Frankel Foundation appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all expenses are directed towards its mission. Its assets significantly exceed liabilities, and it has a history of substantial program spending.
How does the foundation manage its expenses?
The foundation manages its expenses by directing 100% of its reported expenses towards programs and operational costs, with no compensation paid to officers. For example, in 2023, total expenses were $4,512,912, all of which were allocated to its charitable activities.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over time, from $6,436,560 in 2010 to $49,518,045 in 2023, demonstrating strong financial stewardship and growth in its endowment.
Filing History
IRS 990 filing history for The Raymond Frankel Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2023), The Raymond Frankel Foundation's revenue has declined by 70.2%, moving from $926K to $276K. Total assets increased by 669.3% over the same period, from $6.4M to $49.5M. Total functional expenses rose by 1015%, from $405K to $4.5M. In its most recent filing year (2023), The Raymond Frankel Foundation reported a deficit of $4.2M, with expenses exceeding revenue. The organization holds $8K in liabilities against $49.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $49.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $276K | $4.5M | $49.5M | $8K | — | View 990 |
| 2022 | $8.0M | $4.3M | $53.7M | $8K | — | View 990 |
| 2021 | $15.8M | $3.6M | $50.0M | $35K | — | — |
| 2020 | $527K | $2.8M | $37.9M | $1 | — | — |
| 2019 | $10.1M | $2.6M | $40.2M | $7K | — | View 990 |
| 2015 | $1.0M | $284K | $9.2M | $0 | — | View 990 |
| 2013 | $538K | $512K | $7.9M | $0 | — | View 990 |
| 2012 | $598K | $541K | $7.8M | $0 | — | View 990 |
| 2011 | $1.9M | $536K | $7.8M | $0 | — | View 990 |
| 2010 | $926K | $405K | $6.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $276K, expenses of $4.5M, and assets of $49.5M (revenue -96.6% year-over-year).
- 2022: Revenue of $8.0M, expenses of $4.3M, and assets of $53.7M (revenue -49.4% year-over-year).
- 2021: Revenue of $15.8M, expenses of $3.6M, and assets of $50.0M (revenue +2898.9% year-over-year).
- 2020: Revenue of $527K, expenses of $2.8M, and assets of $37.9M (revenue -94.8% year-over-year).
- 2019: Revenue of $10.1M, expenses of $2.6M, and assets of $40.2M (revenue +900.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $284K, and assets of $9.2M (revenue +87.9% year-over-year).
- 2013: Revenue of $538K, expenses of $512K, and assets of $7.9M (revenue -10.1% year-over-year).
- 2012: Revenue of $598K, expenses of $541K, and assets of $7.8M (revenue -68.3% year-over-year).
- 2011: Revenue of $1.9M, expenses of $536K, and assets of $7.8M (revenue +104.0% year-over-year).
- 2010: Revenue of $926K, expenses of $405K, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Raymond Frankel Foundation:
Data Sources and Methodology
This transparency report for The Raymond Frankel 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.