The Schwartz Family Foundation Inc
Schwartz Family Foundation maintains strong asset base with zero officer compensation despite fluctuating revenues.
EIN: 156017667 · Reston, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $455K |
| Total Expenses | $661K |
| Program Spending | 90% |
| Net Assets | $12.2M |
| Transparency Score | 95/100 |
Is The Schwartz Family 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 Schwartz Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Schwartz Family Foundation Inc
The Schwartz Family Foundation Inc (EIN: 156017667) is a nonprofit organization based in Reston, VA. The organization reported total revenue of $455K and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Schwartz Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Schwartz Family Foundation Inc is a small nonprofit that has been operating for 71 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $661K |
| Surplus / Deficit | +$690K |
| Total Assets | $12.2M |
| Total Liabilities | $750 |
| Net Assets | $12.2M |
| Operating Margin | 51.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 221.2 months |
Financial Health Grade: A
In 2023, The Schwartz Family Foundation Inc reported a surplus of $690K with revenue exceeding expenses, holds 221.2 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 Schwartz Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -162.2% | -8.2% | -11.5% |
| 2021 | +142.3% | +52.2% | +6.7% |
| 2020 | +8.1% | -36.7% | +1.5% |
| 2019 | +24.9% | +158.2% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1955 |
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 Schwartz Family Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Schwartz Family 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 surplus of $690K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly favorable, suggesting that all operational expenses are directed towards administrative overhead or program delivery, rather than executive salaries, which is exceptional for an organization of its asset size.
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 Schwartz Family Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including a negative revenue year in 2022.
Strengths
The following positive indicators were identified for The Schwartz Family Foundation Inc:
- Consistently 0% officer compensation, indicating high efficiency.
- Strong and stable asset base, consistently above $8 million.
- Low liabilities relative to assets in most periods.
- High proportion of expenses likely directed towards program activities due to minimal overhead.
Frequently Asked Questions about The Schwartz Family Foundation Inc
Is The Schwartz Family Foundation Inc a legitimate charity?
The Schwartz Family Foundation Inc (EIN: 156017667) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $455K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Schwartz Family Foundation Inc spend its money?
The Schwartz Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Schwartz Family Foundation Inc tax-deductible?
The Schwartz Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 156017667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Schwartz Family Foundation Inc located?
The Schwartz Family Foundation Inc is headquartered in Reston, Virginia and files with the IRS under EIN 156017667.
How many years of IRS 990 filings does The Schwartz Family Foundation Inc have?
The Schwartz Family 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 $455K in total revenue.
Is The Schwartz Family Foundation Inc a good charity?
Based on the available data, The Schwartz Family Foundation Inc appears to be a very good charity, particularly due to its 0% officer compensation and substantial asset base, which allows for sustained philanthropic activities.
How does the foundation manage its administrative costs?
With 0% officer compensation, the foundation likely manages administrative costs through volunteer efforts or very minimal contracted services, ensuring a high proportion of funds are available for its mission.
What caused the negative revenue in 2022?
The negative revenue of $-905,835 in 2022 could be attributed to investment losses or significant revaluation of assets, which is not uncommon for foundations heavily reliant on investment income.
Filing History
IRS 990 filing history for The Schwartz Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Schwartz Family Foundation Inc's revenue has grown by 543.6%, moving from $210K to $1.4M. Total assets increased by 21.9% over the same period, from $10.0M to $12.2M. Total functional expenses rose by 51.1%, from $437K to $661K. In its most recent filing year (2023), The Schwartz Family Foundation Inc reported a surplus of $690K, with revenue exceeding expenses. The organization holds $750 in liabilities against $12.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $661K | $12.2M | $750 | — | View 990 |
| 2022 | $-905,835 | $586K | $11.5M | $750 | — | View 990 |
| 2021 | $1.5M | $639K | $13.0M | $6K | — | — |
| 2020 | $601K | $420K | $12.2M | $8K | — | — |
| 2019 | $556K | $662K | $12.0M | $5K | — | View 990 |
| 2015 | $445K | $256K | $10.5M | $9K | — | View 990 |
| 2014 | $383K | $448K | $11.0M | $16K | — | View 990 |
| 2013 | $279K | $197K | $11.3M | $327K | — | View 990 |
| 2012 | $247K | $875K | $10.3M | $470K | — | View 990 |
| 2011 | $210K | $437K | $10.0M | $80K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $661K, and assets of $12.2M.
- 2022: Revenue of $-905,835, expenses of $586K, and assets of $11.5M (revenue -162.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $639K, and assets of $13.0M (revenue +142.3% year-over-year).
- 2020: Revenue of $601K, expenses of $420K, and assets of $12.2M (revenue +8.1% year-over-year).
- 2019: Revenue of $556K, expenses of $662K, and assets of $12.0M (revenue +24.9% year-over-year).
- 2015: Revenue of $445K, expenses of $256K, and assets of $10.5M (revenue +16.1% year-over-year).
- 2014: Revenue of $383K, expenses of $448K, and assets of $11.0M (revenue +37.4% year-over-year).
- 2013: Revenue of $279K, expenses of $197K, and assets of $11.3M (revenue +12.8% year-over-year).
- 2012: Revenue of $247K, expenses of $875K, and assets of $10.3M (revenue +17.8% year-over-year).
- 2011: Revenue of $210K, expenses of $437K, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Schwartz Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Schwartz Family 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.