The Ruth And Robert L Newman Foundation
The Ruth And Robert L Newman Foundation maintains stable assets and low expenses, with no reported officer compensation.
EIN: 132961121 · Greenwich, CT · Updated: 2026-03-28
Is The Ruth And Robert L Newman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ruth And Robert L Newman Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ruth And Robert L Newman Foundation
The Ruth And Robert L Newman Foundation (EIN: 132961121) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $87K and total assets of $570K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ruth And Robert L Newman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ruth And Robert L Newman Foundation is a micro nonprofit that has been operating for 48 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $28K |
| Surplus / Deficit | +$33K |
| Total Assets | $513K |
| Total Liabilities | $1 |
| Net Assets | $513K |
| Operating Margin | 54.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 223.1 months |
Financial Health Grade: A
In 2023, The Ruth And Robert L Newman Foundation reported a surplus of $33K with revenue exceeding expenses, holds 223.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), The Ruth And Robert L Newman Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -80.6% | +106.9% | +43.4% |
| 2022 | +1470.8% | +74.5% | +23.9% |
| 2021 | +12.4% | +80.1% | +12.1% |
| 2020 | -32.1% | -75.6% | -5.8% |
| 2015 | -31.3% | -40.5% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Ruth And Robert L Newman 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, The Ruth And Robert L Newman Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led structure or that compensation is covered by other means, which is a positive indicator for donor confidence.
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 Ruth And Robert L Newman Foundation's IRS 990 filings:
- NTEE Code Unknown: Lack of a specified NTEE code makes it difficult to understand the organization's specific charitable focus without reviewing the full 990.
Strengths
The following positive indicators were identified for The Ruth And Robert L Newman Foundation:
- Strong Program Spending: With 0% officer compensation and low overall expenses relative to revenue in most periods, a high percentage of funds are likely directed towards its charitable purpose.
- Consistent Financial Filings: A history of 9 IRS 990 filings demonstrates good transparency and adherence to regulatory requirements.
- Stable Asset Base: Assets have consistently been over $250,000 and recently exceeded $500,000, indicating financial stability and capacity for long-term operations.
- No Officer Compensation: The absence of officer compensation across all reported periods suggests a highly efficient operation with minimal administrative overhead related to salaries.
Frequently Asked Questions about The Ruth And Robert L Newman Foundation
Is The Ruth And Robert L Newman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ruth And Robert L Newman Foundation (EIN: 132961121) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Ruth And Robert L Newman Foundation spend its money?
The Ruth And Robert L Newman Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Ruth And Robert L Newman Foundation tax-deductible?
The Ruth And Robert L Newman Foundation is registered as a tax-exempt nonprofit (EIN: 132961121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities of The Ruth And Robert L Newman Foundation?
Based on the provided financial data, the specific program activities are not detailed. The NTEE code is unknown, and the 990 data primarily shows financial figures without programmatic descriptions. Further investigation of the full 990 forms would be needed to understand its charitable purpose.
How does the foundation manage its assets of over $500,000?
The financial data shows consistent asset growth, reaching $569,769. While the specific investment strategies are not detailed in this summary, the steady increase suggests prudent management, likely through investments, to support its long-term charitable goals.
Why was there a significant revenue spike in 202212 to $314,969?
The data shows a substantial increase in revenue in 202212 compared to other years. Without further details from the full 990, it's difficult to pinpoint the exact reason, but it could be due to a large donation, investment gains, or a specific grant received in that period.
Filing History
IRS 990 filing history for The Ruth And Robert L Newman Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), The Ruth And Robert L Newman Foundation's revenue has grown by 500.1%, moving from $10K to $61K. Total assets increased by 75.9% over the same period, from $292K to $513K. Total functional expenses fell by 3.7%, from $29K to $28K. In its most recent filing year (2023), The Ruth And Robert L Newman Foundation reported a surplus of $33K, with revenue exceeding expenses. The organization holds $1 in liabilities against $513K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $513K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $28K | $513K | $1 | — | View 990 |
| 2022 | $315K | $13K | $358K | $1 | — | View 990 |
| 2021 | $20K | $8K | $289K | $1 | — | View 990 |
| 2020 | $18K | $4K | $258K | $1 | — | View 990 |
| 2015 | $26K | $17K | $274K | $1 | — | View 990 |
| 2014 | $38K | $29K | $268K | $1 | — | View 990 |
| 2013 | $14K | $32K | $259K | $1 | — | View 990 |
| 2012 | $23K | $28K | $276K | $1 | — | View 990 |
| 2011 | $10K | $29K | $292K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $28K, and assets of $513K (revenue -80.6% year-over-year).
- 2022: Revenue of $315K, expenses of $13K, and assets of $358K (revenue +1470.8% year-over-year).
- 2021: Revenue of $20K, expenses of $8K, and assets of $289K (revenue +12.4% year-over-year).
- 2020: Revenue of $18K, expenses of $4K, and assets of $258K (revenue -32.1% year-over-year).
- 2015: Revenue of $26K, expenses of $17K, and assets of $274K (revenue -31.3% year-over-year).
- 2014: Revenue of $38K, expenses of $29K, and assets of $268K (revenue +173.0% year-over-year).
- 2013: Revenue of $14K, expenses of $32K, and assets of $259K (revenue -39.2% year-over-year).
- 2012: Revenue of $23K, expenses of $28K, and assets of $276K (revenue +126.3% year-over-year).
- 2011: Revenue of $10K, expenses of $29K, and assets of $292K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ruth And Robert L Newman Foundation:
Data Sources and Methodology
This transparency report for The Ruth And Robert L Newman 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.