The Rita And Alex Hillman Foundation
The Rita And Alex Hillman Foundation maintains substantial assets and consistent program spending with zero reported officer compensation.
EIN: 132560546 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22.6M |
| Total Expenses | $5.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $110 |
| Net Assets | $92.4M |
| Transparency Score | 95/100 |
Is The Rita And Alex Hillman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Rita And Alex Hillman Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Rita And Alex Hillman Foundation
The Rita And Alex Hillman Foundation (EIN: 132560546) is a nonprofit organization based in New York, NY. The organization reported total revenue of $22.6M and total assets of $110.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Rita And Alex Hillman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Rita And Alex Hillman Foundation is a large nonprofit that has been operating for 60 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $5.8M |
| Surplus / Deficit | $-3,636,716 |
| Total Assets | $92.5M |
| Total Liabilities | $109K |
| Net Assets | $92.4M |
| Operating Margin | -164.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 189.8 months |
Financial Health Grade: B
In 2023, The Rita And Alex Hillman Foundation reported a deficit of $3.6M with expenses exceeding revenue, holds 189.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Rita And Alex Hillman Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.0% | +4.2% | -3.8% |
| 2022 | -89.3% | -12.4% | -3.6% |
| 2021 | +414.1% | -3.4% | +4.1% |
| 2020 | -64.3% | +4.9% | -3.5% |
| 2019 | +36.2% | -7.9% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Rita And Alex Hillman 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Rita And Alex Hillman Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $3.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the foundation, which is highly unusual for an organization of this size with assets exceeding $110 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 Rita And Alex Hillman Foundation's IRS 990 filings:
- Consistent 0% officer compensation for an organization with over $110 million in assets is unusual and may warrant further investigation into how leadership is compensated or if services are provided pro bono or through related entities not captured in this line item.
Strengths
The following positive indicators were identified for The Rita And Alex Hillman Foundation:
- Strong program spending ratio, indicating a high percentage of funds directly supporting the mission.
- Substantial asset base of $110,474,293 provides long-term financial stability.
- Consistent reporting of 0% officer compensation, suggesting highly efficient use of funds for charitable purposes.
- Long history of IRS 990 filings (10 filings) demonstrates transparency and consistent reporting.
Frequently Asked Questions about The Rita And Alex Hillman Foundation
Is The Rita And Alex Hillman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Rita And Alex Hillman Foundation (EIN: 132560546) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does The Rita And Alex Hillman Foundation spend its money?
The Rita And Alex Hillman Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Rita And Alex Hillman Foundation tax-deductible?
The Rita And Alex Hillman Foundation is registered as a tax-exempt nonprofit (EIN: 132560546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Rita And Alex Hillman Foundation CEO make?
The Rita And Alex Hillman Foundation's highest-compensated officer earns $110 annually. The organization reported $22.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Rita And Alex Hillman Foundation's spending goes to programs?
The Rita And Alex Hillman Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Rita And Alex Hillman Foundation located?
The Rita And Alex Hillman Foundation is headquartered in New York, New York and files with the IRS under EIN 132560546.
How many years of IRS 990 filings does The Rita And Alex Hillman Foundation have?
The Rita And Alex Hillman 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 $22.6M in total revenue.
Is The Rita And Alex Hillman Foundation a good charity?
Based on its financial data, The Rita And Alex Hillman Foundation appears to be a very good charity. It consistently allocates a high percentage of its expenses to programs, reports 0% officer compensation, and maintains substantial assets to support its mission.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests a highly efficient operational model, potentially relying on external management or pro bono services, or that compensation is reported differently under other categories not explicitly detailed as 'officer compensation'.
What is the trend in the foundation's revenue?
The foundation's revenue has shown significant fluctuations over the years, ranging from $734,985 in 201112 to $26,414,804 in 201312. This variability is common for foundations that rely on investment income and large, infrequent contributions, but the overall asset base remains strong.
Filing History
IRS 990 filing history for The Rita And Alex Hillman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Rita And Alex Hillman Foundation's revenue has grown by 200.5%, moving from $735K to $2.2M. Total assets increased by 9.4% over the same period, from $84.6M to $92.5M. Total functional expenses rose by 63.3%, from $3.6M to $5.8M. In its most recent filing year (2023), The Rita And Alex Hillman Foundation reported a deficit of $3.6M, with expenses exceeding revenue. The organization holds $109K in liabilities against $92.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $92.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $5.8M | $92.5M | $109K | — | View 990 |
| 2022 | $1.4M | $5.6M | $96.2M | $90K | — | View 990 |
| 2021 | $13.4M | $6.4M | $99.7M | $75K | — | View 990 |
| 2020 | $2.6M | $6.6M | $95.9M | $97K | — | View 990 |
| 2019 | $7.3M | $6.3M | $99.4M | $98K | — | View 990 |
| 2015 | $5.4M | $6.9M | $101.2M | $88K | — | View 990 |
| 2014 | $6.1M | $5.2M | $102.8M | $85K | — | View 990 |
| 2013 | $26.4M | $3.8M | $103.1M | $55K | — | View 990 |
| 2012 | $2.0M | $4.2M | $81.4M | $54K | — | View 990 |
| 2011 | $735K | $3.6M | $84.6M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $5.8M, and assets of $92.5M (revenue +53.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $5.6M, and assets of $96.2M (revenue -89.3% year-over-year).
- 2021: Revenue of $13.4M, expenses of $6.4M, and assets of $99.7M (revenue +414.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $6.6M, and assets of $95.9M (revenue -64.3% year-over-year).
- 2019: Revenue of $7.3M, expenses of $6.3M, and assets of $99.4M (revenue +36.2% year-over-year).
- 2015: Revenue of $5.4M, expenses of $6.9M, and assets of $101.2M (revenue -11.5% year-over-year).
- 2014: Revenue of $6.1M, expenses of $5.2M, and assets of $102.8M (revenue -77.0% year-over-year).
- 2013: Revenue of $26.4M, expenses of $3.8M, and assets of $103.1M (revenue +1232.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $4.2M, and assets of $81.4M (revenue +169.7% year-over-year).
- 2011: Revenue of $735K, expenses of $3.6M, and assets of $84.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Rita And Alex Hillman Foundation:
Data Sources and Methodology
This transparency report for The Rita And Alex Hillman 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.