The Spitzer Trust

Nonprofit profile at a glance

EIN
112419181
IRS 990-PF coverage
2019–2024
Forms available
Form 990-PF 2024
Location
Brooklyn, NY, USA
Phone
9734644115
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$356,996
Expenses
$380,433

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

The Spitzer Trust is a nonprofit. Location: Brooklyn, NY. EIN 112419181. Tax year 2024 Form 990-PF reports $357K revenue and $380K expenses.

What it reported funding in 2024

The foundation reported 1 grant totaling $314,880. The stated grant purpose was unrestricted.

Operating model

Revenue model
Investment-supported. 89% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

SUPPORTED - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 94
  • Cost Efficiency: 83
  • Transparency: 100
  • Compliance: 50
  • Endowment Health: 29

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 93.8%; rating input score 94; 39th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 82.8%; rating input score 83; 52nd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: Limited
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 13.13; rating input score 29; 29th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 93.8% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: Filed self-dealing detail
  • Investments: 29th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Endowment Health: Endowment-health comparison scored 29/100.