The Shulsky Foundation
The Shulsky Foundation reports minimal financial activity in recent years despite substantial latest revenue and assets.
EIN: 137079079 · Pittsburgh, PA · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Program Spending | 75% |
| Net Assets | $0 |
| Transparency Score | 40/100 |
Is The Shulsky Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Shulsky Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Shulsky Foundation
The Shulsky Foundation (EIN: 137079079) is a nonprofit organization based in Pittsburgh, PA, classified under NTEE code T22Z. The organization reported total revenue of $4.4M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Shulsky Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Shulsky Foundation is a mid-size nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -67.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2023, The Shulsky Foundation reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Shulsky Foundation's revenue has declined at a compound annual growth rate (CAGR) of -67.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | — | +0.0% |
| 2022 | +0.0% | — | +0.0% |
| 2021 | -100.0% | -100.0% | +0.0% |
| 2020 | -0.1% | -41.7% | +0.0% |
| 2019 | -88.0% | -83.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Shulsky Foundation with a Mission Score of 40 out of 100 (Fair). 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 Shulsky 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer leadership structure or that compensation is not reported under this specific line item, which could obscure a full understanding of leadership costs.
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 Shulsky Foundation's IRS 990 filings:
- Inconsistent financial reporting with recent filings showing minimal activity ($1 revenue/expenses) contrasting with earlier significant activity and current reported revenue ($4,381,780).
- Lack of detailed expense breakdowns in the provided data, preventing a clear assessment of spending efficiency.
- Significant drop in reported assets from $3,077 in 2015 to $1 in subsequent filings, despite current assets of $2,978,645, indicating potential reporting inconsistencies or data errors.
- Unclear operational status given the minimal financial activity reported in recent 990 filings.
Strengths
The following positive indicators were identified for The Shulsky Foundation:
- Reported 0% officer compensation across all filings, suggesting a potentially volunteer-driven leadership.
- Substantial latest reported revenue of $4,381,780 and assets of $2,978,645, indicating significant financial capacity if accurately reflected in current operations.
Frequently Asked Questions about The Shulsky Foundation
Is The Shulsky Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Shulsky Foundation (EIN: 137079079) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does The Shulsky Foundation spend its money?
The Shulsky Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Shulsky Foundation tax-deductible?
The Shulsky Foundation is registered as a tax-exempt nonprofit (EIN: 137079079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Shulsky Foundation's spending goes to programs?
The Shulsky Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Shulsky Foundation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), The Shulsky Foundation is near average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Shulsky Foundation located?
The Shulsky Foundation is headquartered in Pittsburgh, Pennsylvania and files with the IRS under EIN 137079079. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does The Shulsky Foundation have?
The Shulsky 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 $4.4M in total revenue.
Why do the 2021-2023 IRS 990 filings show only $1 in revenue, expenses, assets, and liabilities, despite a reported latest revenue of $4,381,780?
This discrepancy suggests either a significant change in the organization's operational status, a change in reporting requirements, or potential data entry errors in the provided filing history. It warrants further investigation into the full 990 forms for these periods.
How does The Shulsky Foundation manage its operations with reported $0 expenses in recent years?
The reported $0 expenses in the 2021-2023 filings, alongside $1 revenue, indicate that the organization may not be actively operating or is reporting its financial activities in a way that is not fully captured by these summary figures. This makes it difficult to assess operational efficiency.
What is the actual program spending ratio given the lack of detailed expense breakdowns?
Without detailed expense breakdowns from the full IRS 990 forms, it is impossible to accurately determine the program spending ratio. The provided data only offers summary figures, making a true assessment of efficiency challenging.
Is the organization truly volunteer-run, given the 0% officer compensation?
While 0% officer compensation suggests a volunteer-run model, it's also possible that compensation is reported under other expense categories or that the organization has no paid officers. A review of the full 990 would clarify this.
Filing History
IRS 990 filing history for The Shulsky Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Shulsky Foundation's revenue has declined by 100%, moving from $754K to $1. Total assets decreased by 99.9% over the same period, from $2K to $1. Total functional expenses fell by 100%, from $862K to $0. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $0 | $1 | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | View 990 |
| 2021 | $1 | $0 | $1 | $1 | — | View 990 |
| 2020 | $114K | $114K | $1 | $1 | — | View 990 |
| 2019 | $114K | $195K | $1 | $1 | — | — |
| 2015 | $947K | $1.1M | $3K | $1 | — | View 990 |
| 2014 | $1.3M | $1.2M | $204K | $1 | — | View 990 |
| 2013 | $1.1M | $994K | $151K | $1 | — | View 990 |
| 2012 | $925K | $926K | $832 | $1 | — | View 990 |
| 2011 | $754K | $862K | $2K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $1, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2020: Revenue of $114K, expenses of $114K, and assets of $1 (revenue -0.1% year-over-year).
- 2019: Revenue of $114K, expenses of $195K, and assets of $1 (revenue -88.0% year-over-year).
- 2015: Revenue of $947K, expenses of $1.1M, and assets of $3K (revenue -26.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $204K (revenue +12.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $994K, and assets of $151K (revenue +23.7% year-over-year).
- 2012: Revenue of $925K, expenses of $926K, and assets of $832 (revenue +22.6% year-over-year).
- 2011: Revenue of $754K, expenses of $862K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Shulsky Foundation:
Data Sources and Methodology
This transparency report for The Shulsky 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.