William F Harnisch Foundation Inc
William F Harnisch Foundation consistently spends more than it earns, drawing down assets.
EIN: 113353576 · East Quogue, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $2.4M |
| Transparency Score | 65/100 |
Is William F Harnisch Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William F Harnisch Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William F Harnisch Foundation Inc
William F Harnisch Foundation Inc (EIN: 113353576) is a nonprofit organization based in East Quogue, NY, classified under NTEE code T20Z. The organization reported total revenue of $7.1M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William F Harnisch Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William F Harnisch Foundation Inc is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-322,261 |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | -28.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, William F Harnisch Foundation Inc reported a deficit of $322K with expenses exceeding revenue, holds 19.7 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), William F Harnisch Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.9% | -41.1% | -12.0% |
| 2022 | +41.3% | +26.1% | -14.4% |
| 2021 | +302.2% | +122.4% | -14.4% |
| 2020 | -84.6% | +63.9% | -12.4% |
| 2019 | +27718.8% | -54.7% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 William F Harnisch Foundation Inc with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, William F Harnisch Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $322K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is notable for an organization with assets in the millions.
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 William F Harnisch Foundation Inc's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in most recent years.
- Significant decline in total assets over the past decade, from $6.49 million in 2011 to $2.36 million in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for William F Harnisch Foundation Inc:
- Zero reported officer compensation across all filings, indicating low executive overhead.
- Consistently low liabilities ($0 or $1) across all periods, suggesting sound debt management.
- Maintains a substantial asset base, despite recent declines, providing a buffer for operations.
Frequently Asked Questions about William F Harnisch Foundation Inc
Is William F Harnisch Foundation Inc a legitimate charity?
William F Harnisch Foundation Inc (EIN: 113353576) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does William F Harnisch Foundation Inc spend its money?
William F Harnisch Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to William F Harnisch Foundation Inc tax-deductible?
William F Harnisch Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113353576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of William F Harnisch Foundation Inc's spending goes to programs?
William F Harnisch Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does William F Harnisch Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), William F Harnisch Foundation Inc is above average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is William F Harnisch Foundation Inc located?
William F Harnisch Foundation Inc is headquartered in East Quogue, New York and files with the IRS under EIN 113353576. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does William F Harnisch Foundation Inc have?
William F Harnisch 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 $7.1M in total revenue.
Is the William F Harnisch Foundation Inc. financially sustainable given its spending patterns?
The foundation has consistently spent more than its revenue in recent years (e.g., $1,436,885 expenses vs. $1,114,624 revenue in 2023), leading to a significant reduction in assets from $6.49 million in 2011 to $2.36 million in 2023. This trend suggests a reliance on existing capital rather than operational sustainability from annual income.
What is the primary purpose of the foundation's expenditures?
Based on the NTEE code T20Z (Philanthropy, Voluntarism, and Grantmaking Foundations), the primary purpose of expenditures is likely grantmaking. However, without a detailed breakdown of expenses beyond total expenses, the exact allocation to programs versus administrative costs is not fully transparent from the provided data.
Why is there a discrepancy between 'Latest Revenue' and annual filing revenues?
The 'Latest Revenue' of $7,099,404 is significantly higher than any single annual revenue reported in the filing history. This could represent cumulative revenue over a period, a specific large donation not reflected in the annual summaries, or an error in the provided data. Clarification would be needed to understand this figure.
Filing History
IRS 990 filing history for William F Harnisch Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William F Harnisch Foundation Inc's revenue has grown by 1166.7%, moving from $88K to $1.1M. Total assets decreased by 63.7% over the same period, from $6.5M to $2.4M. Total functional expenses rose by 417.5%, from $278K to $1.4M. In its most recent filing year (2023), William F Harnisch Foundation Inc reported a deficit of $322K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.4M | $2.4M | $1 | — | — |
| 2022 | $2.0M | $2.4M | $2.7M | $1 | — | View 990 |
| 2021 | $1.4M | $1.9M | $3.1M | $1 | — | View 990 |
| 2020 | $349K | $869K | $3.7M | $1 | — | View 990 |
| 2019 | $2.3M | $530K | $4.2M | $1 | — | — |
| 2015 | $8K | $1.2M | $4.5M | $1 | — | View 990 |
| 2014 | $346K | $439K | $5.7M | $1 | — | View 990 |
| 2013 | $839K | $1.1M | $5.8M | $1 | — | View 990 |
| 2012 | $171K | $592K | $6.1M | $0 | — | View 990 |
| 2011 | $88K | $278K | $6.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.4M, and assets of $2.4M (revenue -43.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.4M, and assets of $2.7M (revenue +41.3% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.9M, and assets of $3.1M (revenue +302.2% year-over-year).
- 2020: Revenue of $349K, expenses of $869K, and assets of $3.7M (revenue -84.6% year-over-year).
- 2019: Revenue of $2.3M, expenses of $530K, and assets of $4.2M (revenue +27718.8% year-over-year).
- 2015: Revenue of $8K, expenses of $1.2M, and assets of $4.5M (revenue -97.6% year-over-year).
- 2014: Revenue of $346K, expenses of $439K, and assets of $5.7M (revenue -58.8% year-over-year).
- 2013: Revenue of $839K, expenses of $1.1M, and assets of $5.8M (revenue +391.0% year-over-year).
- 2012: Revenue of $171K, expenses of $592K, and assets of $6.1M (revenue +94.1% year-over-year).
- 2011: Revenue of $88K, expenses of $278K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William F Harnisch Foundation Inc:
Data Sources and Methodology
This transparency report for William F Harnisch 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.