The Reginald F Lewis Foundation Inc
Reginald F Lewis Foundation maintains strong assets despite recent years of expenses exceeding revenue.
EIN: 133429965 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.9M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $23 |
| Net Assets | $23.4M |
| Transparency Score | 85/100 |
Is The Reginald F Lewis 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 Reginald F Lewis Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Reginald F Lewis Foundation Inc
The Reginald F Lewis Foundation Inc (EIN: 133429965) is a nonprofit organization based in New York, NY. The organization reported total revenue of $9.9M and total assets of $24.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Reginald F Lewis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Reginald F Lewis Foundation Inc is a mid-size nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $926K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-397,864 |
| Total Assets | $23.4M |
| Total Liabilities | $1 |
| Net Assets | $23.4M |
| Operating Margin | -43.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 211.9 months |
Financial Health Grade: B
In 2023, The Reginald F Lewis Foundation Inc reported a deficit of $398K with expenses exceeding revenue, holds 211.9 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 (2011–2023), The Reginald F Lewis Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.3% | -50.8% | -1.7% |
| 2022 | -31.3% | +97.1% | -0.1% |
| 2021 | +169.0% | -9.9% | +11.9% |
| 2020 | -32.1% | -11.3% | -0.3% |
| 2019 | -15.6% | +2.9% | -6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Reginald F Lewis 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 Reginald F Lewis 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $398K, 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 no officer salaries are paid, which is highly unusual for an organization with assets exceeding $23 million and annual expenses over $1 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.
Red Flags
The following concerns were identified during AI analysis of The Reginald F Lewis Foundation Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., 2023, 2022), indicating potential reliance on asset drawdowns.
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data, making it difficult to fully assess efficiency.
Strengths
The following positive indicators were identified for The Reginald F Lewis Foundation Inc:
- Strong asset base, with assets consistently above $21 million and reaching $24,140,280 (latest reported total assets).
- Consistent reporting of 0% officer compensation, suggesting high efficiency in executive spending.
- Long history of consistent IRS 990 filings, indicating good transparency.
- Low liabilities, with $1 reported in 2023 and 2022, and $0 in prior years, indicating strong financial health.
Frequently Asked Questions about The Reginald F Lewis Foundation Inc
Is The Reginald F Lewis Foundation Inc a legitimate charity?
The Reginald F Lewis Foundation Inc (EIN: 133429965) 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: $9.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Reginald F Lewis Foundation Inc spend its money?
The Reginald F Lewis Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Reginald F Lewis Foundation Inc tax-deductible?
The Reginald F Lewis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133429965). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Reginald F Lewis Foundation Inc CEO make?
The Reginald F Lewis Foundation Inc's highest-compensated officer earns $23 annually. The organization reported $9.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is The Reginald F Lewis Foundation Inc located?
The Reginald F Lewis Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133429965.
How many years of IRS 990 filings does The Reginald F Lewis Foundation Inc have?
The Reginald F Lewis 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 $9.9M in total revenue.
Is The Reginald F Lewis Foundation Inc financially sustainable given recent expense trends?
While the foundation has substantial assets ($23,375,772 in 2023), recent filings show expenses exceeding revenue (e.g., $1,324,012 expenses vs. $926,148 revenue in 2023). This trend, if continued, could impact long-term sustainability without drawing down on its endowment.
How does the 0% officer compensation impact the organization's operations?
The consistent 0% officer compensation suggests that leadership may be voluntary or compensated through other means not reported as officer compensation, or that the organization operates with a very lean administrative structure, potentially maximizing funds for its mission.
What is the primary source of the foundation's revenue?
The provided data does not specify the primary source of revenue (e.g., investments, donations, grants). Further investigation into the detailed 990 forms would be needed to determine this.
Filing History
IRS 990 filing history for The Reginald F Lewis Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Reginald F Lewis Foundation Inc's revenue has declined by 58.7%, moving from $2.2M to $926K. Total assets increased by 3.4% over the same period, from $22.6M to $23.4M. Total functional expenses fell by 10.3%, from $1.5M to $1.3M. In its most recent filing year (2023), The Reginald F Lewis Foundation Inc reported a deficit of $398K, with expenses exceeding revenue. The organization holds $1 in liabilities against $23.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $926K | $1.3M | $23.4M | $1 | — | View 990 |
| 2022 | $2.7M | $2.7M | $23.8M | $1 | — | View 990 |
| 2021 | $3.9M | $1.4M | $23.8M | $1 | — | View 990 |
| 2020 | $1.4M | $1.5M | $21.3M | $0 | — | View 990 |
| 2019 | $2.1M | $1.7M | $21.3M | $0 | — | View 990 |
| 2015 | $2.5M | $1.7M | $22.8M | $0 | — | View 990 |
| 2014 | $1.7M | $1.7M | $21.9M | $0 | — | View 990 |
| 2013 | $1.7M | $1.3M | $21.9M | $0 | — | View 990 |
| 2012 | $617K | $1.8M | $21.5M | $0 | — | View 990 |
| 2011 | $2.2M | $1.5M | $22.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $926K, expenses of $1.3M, and assets of $23.4M (revenue -65.3% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $23.8M (revenue -31.3% year-over-year).
- 2021: Revenue of $3.9M, expenses of $1.4M, and assets of $23.8M (revenue +169.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $21.3M (revenue -32.1% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.7M, and assets of $21.3M (revenue -15.6% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.7M, and assets of $22.8M (revenue +48.4% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $21.9M (revenue -1.6% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.3M, and assets of $21.9M (revenue +180.2% year-over-year).
- 2012: Revenue of $617K, expenses of $1.8M, and assets of $21.5M (revenue -72.5% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.5M, and assets of $22.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Reginald F Lewis Foundation Inc:
Data Sources and Methodology
This transparency report for The Reginald F Lewis 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.