Joel & Fay Foundation
Only null% goes to programs Strong reserves Growing revenue
Joel & Fay Foundation is a 501(c)(3) organization based in Brooklyn, New York, registered in 2003, with $529,678 in FY2023 revenue. CharityIndex grades it C+.
413 Park Ave, Brooklyn, NY, 11205 EIN 13-4215838 Since 2003
Revenue (FY2023)
$530K
▲ 39.0% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$318K
Net assets
$6.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Joel & Fay Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating237 mo reserves · +40% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Joel & Fay Foundation: 237 mo reserves · +40% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Joel & Fay Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Joel & Fay Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 413 Park Ave, Brooklyn, NY, 11205
- City
- Brooklyn
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $940K (FY2013) to $530K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $6.3M
Operating margin
40.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.3M
Total liabilities
$0
Net assets
$6.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $529,678▲39.0% | $317,841▲7.6% | $6,274,066▲3.5% | $6,274,066▲3.5% | 990PF |
| 2022 | $381,188▼10.2% | $295,384▼20.1% | $6,062,229▲1.4% | $6,062,229▲1.4% | 990PF |
| 2021 | $424,493▼2.1% | $369,818▲33.5% | $5,976,425▲0.9% | $5,976,425▲0.9% | 990PF |
| 2020 | $433,706▼7.7% | $276,960▼8.0% | $5,921,750▲2.7% | $5,921,750▲2.7% | 990PF |
| 2019 | $470,060▼28.4% | $300,923▼5.2% | $5,765,004▲3.0% | $5,765,004▲3.0% | 990PF |
| 2018 | $656,087▼42.3% | $317,516▲33.1% | $5,595,867▲6.4% | $5,595,867▲6.4% | 990PF |
| 2017 | $1,137,586▲23.6% | $238,585▼7.2% | $5,257,296▲20.6% | $5,257,296▲20.6% | 990PF |
| 2016 | $920,546▲34.4% | $257,086▼8.5% | $4,358,295▲18.0% | $4,358,295▲18.0% | 990PF |
| 2015 | $684,826▼11.7% | $280,936▲57.6% | $3,694,835▲12.3% | $3,694,835▲12.3% | 990PF |
| 2014 | $775,797▼17.5% | $178,310▲23.3% | $3,290,945▲22.2% | $3,290,945▲22.2% | 990PF |
| 2013 | $940,273 | $144,624▼11.5% | $2,693,458▲41.9% | $2,693,458▲39.6% | 990PF |
| 2012 | — | $163,364▲42.2% | $1,897,809▲70.6% | $1,930,014▲70.1% | 990PF |
| 2011 | — | $114,885▼6.9% | $1,112,658▲32.3% | $1,134,522▲34.9% | 990PF |
| 2010 | — | $123,348 | $841,318 | $841,318 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Joel & Fay Foundation a legitimate nonprofit?
- Yes. Joel & Fay Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-4215838, based in Brooklyn, New York. Donations are tax-deductible.
- What is Joel & Fay Foundation's EIN?
- Joel & Fay Foundation's Employer Identification Number (EIN) is 13-4215838.
- How much revenue does Joel & Fay Foundation report?
- Joel & Fay Foundation reported $529,678 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Joel & Fay Foundation have?
- CharityIndex grades Joel & Fay Foundation C+, based on financial health (reserves and operating margin).
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Data for Joel & Fay Foundation (EIN 13-4215838) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.