The Schenectady Foundation
The Schenectady Foundation consistently grows assets and maintains strong program spending with no reported officer compensation.
EIN: 146019650 · Schenectady, NY · NTEE: T11 · Updated: 2026-03-28
Is The Schenectady Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Schenectady Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Schenectady Foundation
The Schenectady Foundation (EIN: 146019650) is a nonprofit organization based in Schenectady, NY, classified under NTEE code T11. The organization reported total revenue of $4.3M and total assets of $56.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Schenectady Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Schenectady Foundation with a Mission Score of 90 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Schenectady Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Schenectady Foundation consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be volunteer-based or compensated through non-officer roles, which is highly favorable for donor perception and indicates efficient use of funds relative to its $51 million asset base.
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 Schenectady Foundation:
- Consistent asset growth, reaching $51,236,167 in 2023.
- High program spending ratio of 75%.
- 0% reported officer compensation across all filings, indicating strong financial efficiency and transparency.
- Low liabilities relative to assets, demonstrating sound financial management.
- Positive net position maintained over the long term.
Frequently Asked Questions about The Schenectady Foundation
Is The Schenectady Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Schenectady Foundation (EIN: 146019650) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does The Schenectady Foundation spend its money?
The Schenectady Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Schenectady Foundation tax-deductible?
The Schenectady Foundation is registered as a tax-exempt nonprofit (EIN: 146019650). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Schenectady Foundation a good charity?
Based on the available data, The Schenectady Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets, a high percentage of spending dedicated to programs (75%), and a notable commitment to transparency with 0% reported officer compensation.
How has The Schenectady Foundation's asset base changed over time?
The Schenectady Foundation's asset base has shown significant growth, increasing from $14,821,555 in 2014 to $51,236,167 in 2023, indicating strong financial stewardship and investment performance.
What is the trend in The Schenectady Foundation's revenue?
The Schenectady Foundation's revenue has fluctuated year-to-year, ranging from a low of $1,088,637 in 2015 to a high of $5,442,270 in 2021, but generally supports its operational expenses and asset growth.
Does The Schenectady Foundation have high administrative costs?
With 15% allocated to administrative costs, The Schenectady Foundation's administrative spending is within a reasonable range for a foundation of its size, especially considering its strong program spending ratio.
Filing History
IRS 990 filing history for The Schenectady Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Schenectady Foundation's revenue has grown by 69.3%, moving from $1.7M to $3.0M. Total assets increased by 184.5% over the same period, from $18.0M to $51.2M. Total functional expenses rose by 158.5%, from $867K to $2.2M. In its most recent filing year (2023), The Schenectady Foundation reported a surplus of $717K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $51.2M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $49.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.2M | $51.2M | $1.5M | — | — |
| 2022 | $1.8M | $2.4M | $45.8M | $1.9M | — | — |
| 2021 | $5.4M | $2.3M | $55.2M | $1.2M | — | View 990 |
| 2020 | $2.3M | $1.8M | $48.6M | $537K | — | — |
| 2019 | $2.0M | $1.3M | $43.4M | $860K | — | View 990 |
| 2018 | $1.9M | $1.7M | $37.1M | $1.2M | — | View 990 |
| 2017 | $3.2M | $1.5M | $39.1M | $785K | — | View 990 |
| 2016 | $1.3M | $1.9M | $13.7M | $0 | — | View 990 |
| 2015 | $1.1M | $1.7M | $14.2M | $0 | — | View 990 |
| 2014 | $1.5M | $982K | $14.8M | $0 | — | View 990 |
| 2013 | $1.2M | $1.0M | $18.3M | $0 | — | View 990 |
| 2012 | $1.3M | $1.2M | $18.1M | $0 | — | View 990 |
| 2011 | $1.7M | $867K | $18.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.2M, and assets of $51.2M (revenue +65.0% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.4M, and assets of $45.8M (revenue -67.1% year-over-year).
- 2021: Revenue of $5.4M, expenses of $2.3M, and assets of $55.2M (revenue +137.4% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $48.6M (revenue +12.8% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.3M, and assets of $43.4M (revenue +6.2% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.7M, and assets of $37.1M (revenue -40.7% year-over-year).
- 2017: Revenue of $3.2M, expenses of $1.5M, and assets of $39.1M (revenue +143.2% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.9M, and assets of $13.7M (revenue +21.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.7M, and assets of $14.2M (revenue -26.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $982K, and assets of $14.8M (revenue +22.5% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.0M, and assets of $18.3M (revenue -7.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $18.1M (revenue -25.2% year-over-year).
- 2011: Revenue of $1.7M, expenses of $867K, and assets of $18.0M.
Data Sources and Methodology
This transparency report for The Schenectady 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.