Robin Hood Foundation FY2022 filing

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Robin Hood supports the most effective poverty-fighting programs in nyc.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3441066) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$4.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $20.2M a year · 13% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.8M
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
6.4 mo
of spending, in cash
Plus $165.3M in investments, Pt X · Ln 11–13
6.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $200K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$101.4M
32% of total assets
Liabilities are 32% of assets.
Pt X · Ln 26
Independent board members
42
of 42 voting members
42 of 42 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$129.3M
-7% vs prior year
Spent
$164.6M
To programs
89%
Net assets
$218.9M
By yearFY2020–FY2024
Revenue
$129.3M
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$201.0M
FY2021$139.8M
FY2022$129.3M
FY2023$134.5M
FY2024$180.5M
Expenses
$164.6M
FY2022▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$202.6M
FY2021$205.1M
FY2022$164.6M
FY2023$150.6M
FY2024$163.0M
Net assets
$218.9M
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$315.1M
FY2021$256.2M
FY2022$218.9M
FY2023$213.1M
FY2024$235.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $146.9M Management & general 4% · $7.2M Fundraising 6% · $10.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

57 people listed on the 990; $4.8M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
CEO / Non-Voting Director
$860,105Pt VII · Sec A
Chief Knowledge Officer
$431,666Pt VII · Sec A
MD, Real Estate
$371,963Pt VII · Sec A
Chief Development Officer
$371,216Pt VII · Sec A
Chief Financial & Admin Officer
$335,876Pt VII · Sec A
Chief Impact & Program Officer
$333,638Pt VII · Sec A
Chief People & Culture Officer
$322,387Pt VII · Sec A
General Counsel/Asst. Secr
$320,424Pt VII · Sec A

Richard Buery JR’s $972K as CEO / Non-Voting Director is at the 90th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Richard Buery JR$972,402$943,718$860,105——
Wes Moore————$899,635
Wes Moore Thru 072021———$611,234—
Derek Ferguson Thru 092021———$571,314—
Derek Ferguson————$562,155
Emary Aronson$460,628$447,846$431,666$421,260$406,335
Kristine Sudano Thru 022021———$456,193—
Kristine Sudano————$434,678

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Robin Hood Foundation executive salaries →

3 open jobs right now. See them →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds and supports New York City's most effective poverty-fighting programs through strategic consulting, capacity-building grants, and pro bono management services.

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3 programs · $146.9M · in their own filed words · FY2022
01

See description of core grant making in schedule O.CORE grantmaking: robin hood made cash grants to organizations through four life-stage areas: early childhood; school-age children; young adults; and adults and household supports. These grants support education, health, housing, hunger, legal services, job training, and income security.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3441066) · Dispute this line
$144.0Mprogram expense
02

See description of management assistance in schedule O.ROBIN hood's capital grant initiative collaborates closely with our community partners to help these organizations manage their space needs.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3441066) · Dispute this line
$2.6Mprogram expense
03

See description of relief grant making in schedule O.MANAGEMENT assistance:robin hood protects and leverages its charitable investments with expert management and technical assistance. The goal is to bring best-in-class resources to solve our partners' most pressing strategic and operational challenges.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3441066) · Dispute this line
$278Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$200K
Grants paid · 1,810 grants · $712.7M · 2020–2024
Research Foundation of City University of New YorkNY · FY2024$5,356,000
The Fund for Public Schools INCNY · FY2024$3,146,951
Kipp New YorkNY · FY2024$2,120,500
The Children's Aid SocietyNY · FY2024$2,050,000
Harlem Children's Zone INCNY · FY2024$2,000,000
Achievement First INCCT · FY2024$1,700,000
Good Shepherd ServicesNY · FY2024$1,670,000
Bronxworks INCNY · FY2024$1,645,000
All Our Kin INCCT · FY2024$1,600,000
Leap INCNY · FY2024$1,526,000
The New SchoolNY · FY2024$1,500,000
Success Academy Charter Network INCNY · FY2024$1,500,000
The Legal Aid SocietyNY · FY2024$1,425,000
See all 1,810 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$129.3M
Ln 12
Gifts and grantsLn 1h$140.9M
Investment incomeLn 3$2.1M
Money outPt IX
$164.6M
Ln 25
Programscol B$146.9M
Managementcol C$7.2M
Fundraisingcol D$10.5M
Owns and owesPt X
$218.9M
net assets · Ln 32
Cash and savingsLn 1–2$88.5M
Total assetsLn 16$320.3M
LiabilitiesLn 26$101.4M
PeoplePt VI, VII
57
listed · VII A
PaidVII A13
Voting boardVI 1a42
IndependentVI 1b42
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$140.9M
Noncash giftsLn 1g$18.8M
Fundraising eventsLn 1c$43.3M
Investment incomeLn 3$2.1M
Gains on assetsLn 7$1.9M
Total revenueLn 12$129.3M
Assets in detailPt X, end of year
CashLn 1$529K
SavingsLn 2$87.9M
Cash and savings togetherLn 1–2$88.5M
Pledges and grants receivableLn 3$43.2M
Notes and loans receivableLn 7$4.0M
Prepaid expenses and deferred chargesLn 9$544K
Land, buildings, equipmentLn 10c$2.4M
InvestmentsLn 11–13$165.3M
Other assetsLn 15$16.4M
Total assetsLn 16$320.3M
LiabilitiesLn 26$101.4M
Net assetsLn 32$218.9M
OperationsPt I, VI
EmployeesI 5162
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$18.8M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$45.0M$88.5M
InvestmentsLn 11–13$250.7M$165.3M
Land, buildings, equipmentLn 10c$1.7M$2.4M
Total assetsLn 16$351.9M$320.3M
LiabilitiesLn 26$95.7M$101.4M
Net assetsLn 32$256.2M$218.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$131.3M$131.3M
Pay of officers and key staff (Part IX, line 5)Ln 5$4.1M$2.1M$834K$1.2M
Other salaries and wagesLn 7$13.9M$6.5M$3.0M$4.5M
Pension plan contributionsLn 8$1.6M$776K$191K$587K
Other employee benefitsLn 9$2.2M$1.1M$402K$729K
Payroll taxesLn 10$1.1M$473K$194K$393K
Legal feesLn 11b$79K$16K$51K$12K
Accounting feesLn 11c$163K$163K
Investment management feesLn 11f$363K$363K
Other fees for servicesLn 11g$3.2M$1.9M$508K$819K
Office expensesLn 13$715K$196K$92K$428K
Information technologyLn 14$905K$404K$281K$220K
OccupancyLn 16$2.9M$1.4M$640K$865K
TravelLn 17$40K$28K$9K$2K
Conferences, conventions and meetingsLn 19$98K$77K$10K$12K
Depreciation, depletion and amortizationLn 22$397K$169K$97K$131K
InsuranceLn 23$340K$23K$298K$18K
Other expenses (24a–d)Ln 24$1.3M$645K$75K$630K
Total functional expensesLn 25$164.6M$146.9M$7.2M$10.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 10, 2025 $180.5M$163.0M$17.5M$235.2M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $134.5M$150.6M−$16.2M$213.1M 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $129.3M$164.6M−$35.3M$218.9M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $139.8M$205.1M−$65.3M$256.2M 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $201.0M$202.6M−$1.6M$315.1M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay M · Noncash O · Explanations
See the full FY2022 990
Part I · Summary $129,325,423 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $146,804,067$140,856,197
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,083,730$2,139,854
I-11 Other revenuePrior year −$13,121,659−$13,670,628
I-12 Total revenuePrior year $139,766,138$129,325,423
I-13 Grants and similar amounts paidPrior year $171,935,945$131,251,074
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $22,125,710$22,873,665
I-16a Professional fundraising feesPrior year $15,000$0
I-17 Other expensesPrior year $11,023,011$10,515,110
I-18 Total expensesPrior year $205,099,666$164,639,849
I-19 Revenue less expensesPrior year −$65,333,528−$35,314,426
Part VI · Governance 42 of 42 board members independent, 1 to look at
VI-1a Voting members of the governing body42
VI-1b Independent voting members42
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $129,325,423 across 8 lines filed
VIII-1c Fundraising events$43,274,668
VIII-1f All other contributions, gifts and grants$97,581,529
VIII-1g Noncash contributions (included above)$18,786,171
VIII-1h Total contributions, gifts and grants$140,856,197
VIII-3 Investment incomeExcluded from tax $232,634$232,634
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,907,220$1,907,220
VIII-8 Net income from fundraising eventsExcluded from tax −$13,670,628−$13,670,628
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$11,530,774$129,325,423
Part IX · Statement of functional expenses $164,639,849 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $131,251,074$131,251,074
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $2,089,247 · Management $834,383 · Fundraising $1,198,449$4,122,079
IX-7 Other salaries and wagesPrograms $6,459,516 · Management $3,015,887 · Fundraising $4,456,521$13,931,924
IX-8 Pension plan contributionsPrograms $775,674 · Management $190,755 · Fundraising $587,082$1,553,511
IX-9 Other employee benefitsPrograms $1,076,255 · Management $401,529 · Fundraising $728,891$2,206,675
IX-10 Payroll taxesPrograms $473,049 · Management $193,754 · Fundraising $392,673$1,059,476
IX-11b Legal feesPrograms $15,809 · Management $50,690 · Fundraising $12,186$78,685
IX-11c Accounting feesManagement $162,510$162,510
IX-11f Investment management feesManagement $363,027$363,027
IX-11g Other fees for servicesPrograms $1,875,391 · Management $507,924 · Fundraising $818,913$3,202,228
IX-13 Office expensesPrograms $195,687 · Management $91,704 · Fundraising $428,043$715,434
IX-14 Information technologyPrograms $403,602 · Management $281,499 · Fundraising $219,931$905,032
IX-16 OccupancyPrograms $1,359,797 · Management $639,573 · Fundraising $865,052$2,864,422
IX-17 TravelPrograms $28,395 · Management $9,127 · Fundraising $2,424$39,946
IX-19 Conferences, conventions and meetingsPrograms $76,525 · Management $10,006 · Fundraising $11,546$98,077
IX-22 Depreciation, depletion and amortizationPrograms $168,549 · Management $97,026 · Fundraising $131,233$396,808
IX-23 InsurancePrograms $22,843 · Management $298,460 · Fundraising $18,197$339,500
IX-24 Other expenses (24a–d)Programs $644,607 · Management $74,640 · Fundraising $630,194$1,349,441
IX-25 Total functional expensesPrograms $146,916,020 · Management $7,222,494 · Fundraising $10,501,335$164,639,849
Part X · Balance sheet $320,333,864 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $0$528,682
X-2 Savings and temporary cash investmentsStart of year $45,009,121$87,948,208
X-3 Pledges and grants receivableStart of year $44,826,752$43,236,271
X-7 Notes and loans receivableStart of year $4,000,000$4,000,000
X-9 Prepaid expenses and deferred chargesStart of year $610,709$544,291
X-10c Land, buildings and equipment, netStart of year $1,736,461$2,443,085
X-11 Publicly traded securitiesStart of year $82,513,976$553,353
X-12 Other securitiesStart of year $165,932,881$162,156,532
X-13 Program-related investmentsStart of year $2,237,338$2,553,268
X-15 Other assetsStart of year $5,014,261$16,370,174
X-16 Total assetsStart of year $351,881,499$320,333,864
X-17 Accounts payable and accrued expensesStart of year $9,333,780$6,347,776
X-18 Grants payableStart of year $84,863,785$86,015,391
X-19 Deferred revenueStart of year $1,515,026$351,416
X-25 Other liabilitiesStart of year $0$8,721,950
X-26 Total liabilitiesStart of year $95,712,591$101,436,533
X-27 Net assets without donor restrictionsStart of year $174,733,759$122,033,588
X-28 Net assets with donor restrictionsStart of year $81,435,149$96,863,743
X-32 Total net assets or fund balancesStart of year $256,168,908$218,897,331
X-33 Total liabilities and net assetsStart of year $351,881,499$320,333,864
Part XI · Reconciliation of net assets $218,897,331 net assets at year end
XI-1 Total revenue$129,325,423
XI-2 Total expenses$164,639,849
XI-3 Revenue less expenses−$35,314,426
XI-4 Net assets at start of year$256,168,908
XI-5 Net unrealized gains (losses) on investments−$3,239,631
XI-9 Other changes in net assets$1,282,480
XI-10 Net assets at end of year$218,897,331

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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