Thomas R Schiff Foundation
Thomas R Schiff Foundation consistently grows assets with zero executive compensation and low liabilities.
EIN: 205678503 · Cincinnati, OH · NTEE: A25 · Updated: 2026-03-28
Is Thomas R Schiff Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas R Schiff Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas R Schiff Foundation
Thomas R Schiff Foundation (EIN: 205678503) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code A25. The organization reported total revenue of $1.6M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas R Schiff 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 Thomas R Schiff 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Thomas R Schiff Foundation 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly favorable for resource allocation directly to the foundation's mission.
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 Thomas R Schiff Foundation:
- Zero executive compensation reported across all filings.
- Consistent growth in assets, from $506,393 in 2011 to $2,147,846 in 2023.
- Extremely low liabilities, consistently reported as $1.
- Strong financial stability with healthy revenue streams and controlled expenses.
- Consistent IRS 990 filing history demonstrating transparency.
Frequently Asked Questions about Thomas R Schiff Foundation
Is Thomas R Schiff Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas R Schiff Foundation (EIN: 205678503) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Thomas R Schiff Foundation spend its money?
Thomas R Schiff Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas R Schiff Foundation tax-deductible?
Thomas R Schiff Foundation is registered as a tax-exempt nonprofit (EIN: 205678503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Thomas R Schiff Foundation a good charity?
Based on its financial data, the Thomas R Schiff Foundation appears to be a very good charity. It consistently reports zero executive compensation, maintains minimal liabilities ($1), and has steadily grown its assets from $506,393 in 2011 to $2,147,846 in 2023, demonstrating strong financial health and a clear focus on its mission.
How efficiently does the foundation use its funds?
The foundation appears highly efficient. With zero officer compensation and minimal liabilities, nearly all expenses are directed towards programmatic activities and operational support. For example, in 2023, expenses were $1,113,094 against revenue of $1,558,682, indicating a significant portion of revenue is either spent on programs or retained to grow assets for future impact.
What is the trend in the foundation's assets?
The foundation shows a strong upward trend in assets, growing from $506,393 in 2011 to $2,147,846 in 2023. This consistent growth indicates sound financial management and a healthy endowment for sustained philanthropic activities.
Filing History
IRS 990 filing history for Thomas R Schiff Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas R Schiff Foundation's revenue has grown by 2159.9%, moving from $69K to $1.6M. Total assets increased by 324.1% over the same period, from $506K to $2.1M. Total functional expenses rose by 2226.2%, from $48K to $1.1M. In its most recent filing year (2023), Thomas R Schiff Foundation reported a surplus of $446K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.1M | $2.1M | $1 | — | View 990 |
| 2022 | $2.4M | $952K | $2.1M | $1 | — | View 990 |
| 2021 | $1.7M | $414K | $1.9M | $1 | — | View 990 |
| 2020 | $2.4M | $659K | $1.8M | $1 | — | — |
| 2019 | $2.0M | $448K | $1.6M | $1 | — | View 990 |
| 2015 | $1.0M | $186K | $1.3M | $1 | — | View 990 |
| 2014 | $632K | $155K | $959K | $1 | — | View 990 |
| 2013 | $517K | $139K | $859K | $1 | — | View 990 |
| 2012 | $454K | $122K | $787K | $1 | — | View 990 |
| 2011 | $69K | $48K | $506K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.1M, and assets of $2.1M (revenue -34.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $952K, and assets of $2.1M (revenue +44.2% year-over-year).
- 2021: Revenue of $1.7M, expenses of $414K, and assets of $1.9M (revenue -30.4% year-over-year).
- 2020: Revenue of $2.4M, expenses of $659K, and assets of $1.8M (revenue +18.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $448K, and assets of $1.6M (revenue +97.6% year-over-year).
- 2015: Revenue of $1.0M, expenses of $186K, and assets of $1.3M (revenue +60.4% year-over-year).
- 2014: Revenue of $632K, expenses of $155K, and assets of $959K (revenue +22.3% year-over-year).
- 2013: Revenue of $517K, expenses of $139K, and assets of $859K (revenue +14.0% year-over-year).
- 2012: Revenue of $454K, expenses of $122K, and assets of $787K (revenue +557.6% year-over-year).
- 2011: Revenue of $69K, expenses of $48K, and assets of $506K.
Data Sources and Methodology
This transparency report for Thomas R Schiff 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.