S & P Sofer Family Foundation
Only null% goes to programs Strong reserves Declining revenue
S & P Sofer Family Foundation is a 501(c)(3) organization based in Brooklyn, New York, registered in 2016, with $216,023 in FY2024 revenue. CharityIndex grades it C.
1735 45th St, Brooklyn, NY, 11204 EIN 81-1585179 Since 2016
Revenue (FY2024)
$216K
▼ 5.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$258K
Net assets
$463K
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 S & P Sofer Family Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating22 mo reserves · -20% 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 S & P Sofer Family Foundation: 22 mo reserves · -20% margin earns a C+ 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 S & P Sofer Family 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 S & P Sofer Family Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1735 45th St, Brooklyn, NY, 11204
- City
- Brooklyn
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $41K (FY2016) to $216K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $463K
Operating margin
-19.5%
Spent more than it raised in the latest fiscal year.
Total assets
$463K
Total liabilities
$0
Net assets
$463K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $216,023▼5.2% | $258,226▼35.1% | $463,329▼13.8% | $463,329▼13.8% | 990PF |
| 2023 | $227,890▼56.5% | $397,881▲78.1% | $537,277▼24.7% | $537,277▼24.7% | 990PF |
| 2022 | $524,483▼43.7% | $223,345▲75.4% | $713,751▼15.9% | $713,751▼15.9% | 990PF |
| 2021 | $931,530▲698% | $127,355▲9.9% | $848,401▲1818% | $848,401▲1818% | 990PF |
| 2020 | $116,711▼11.6% | $115,879▼11.6% | $44,226▲1.9% | $44,226▲1.8% | 990PF |
| 2019 | $131,973▲1.5% | $131,034▲1.5% | $43,394▲2.2% | $43,434▲2.2% | 990PF |
| 2018 | $130,086▲8934% | $129,081▲25872% | $42,455▲2.4% | $42,495▲2.5% | 990PF |
| 2017 | $1,440▼96.4% | $497▲16467% | $41,450▲2.3% | $41,450▲2.3% | 990PF |
| 2016 | $40,510 | $3 | $40,507 | $40,507 | 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 S & P Sofer Family Foundation a legitimate nonprofit?
- Yes. S & P Sofer Family Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-1585179, based in Brooklyn, New York. Donations are tax-deductible.
- What is S & P Sofer Family Foundation's EIN?
- S & P Sofer Family Foundation's Employer Identification Number (EIN) is 81-1585179.
- How much revenue does S & P Sofer Family Foundation report?
- S & P Sofer Family Foundation reported $216,023 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does S & P Sofer Family Foundation have?
- CharityIndex grades S & P Sofer Family Foundation C, based on financial health (reserves and operating margin).
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Data for S & P Sofer Family Foundation (EIN 81-1585179) 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.