Is Karev Foundation Inc Legit?

Red Flags

Extreme revenue and expense volatility across years, making financial planning difficult.
Expenses significantly exceeding revenue in recent periods (e.g., 2023 expenses $3.9M vs. revenue $421K).
Liabilities sometimes exceeding assets (e.g., 2019 liabilities $5.0M vs. assets $2.0M), indicating potential financial instability.
Lack of reported officer compensation despite significant organizational activity and revenue in some years, which could obscure executive benefits if reported elsewhere.

Spending Breakdown

How Karev Foundation Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Karev Foundation Inc

Is Karev Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Karev Foundation Inc (EIN: 133999708) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.

Is Karev Foundation Inc a good charity to donate to?

Karev Foundation Inc has a Mission Score of 45/100. Revenue: $13.5M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Karev Foundation Inc?

The Employer Identification Number (EIN) for Karev Foundation Inc is 133999708. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Karev Foundation Inc spend its money?

Karev Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Karev Foundation Inc's tax-exempt status?

You can verify Karev Foundation Inc's tax-exempt status using EIN 133999708 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Karev Foundation Inc exhibits highly volatile financial performance, with revenue fluctuating wildly from $0 in 2014 to over $12 million in 2019 and $7.5 million in 2022, before dropping significantly to $421,255 in 2023. This inconsistency makes long-term financial planning and impact assessment challenging. In 2023, the organization spent nearly nine times its revenue ($3,923,658 in expenses vs. $421,255 in revenue), indicating a reliance on prior year reserves or significant deficits. The absence of reported officer compensation across all filings suggests either a fully volunteer-run leadership or that compensation is reported under other expense categories, which could impact transparency regarding executive pay.

While the NTEE code T20Z (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests a focus on grantmaking, the significant expenses relative to revenue in some years, particularly 2023, warrant closer examination of how funds are being allocated. The organization's assets have also shown considerable fluctuation, peaking at $7.6 million in 2022 and then decreasing to $4 million in 2023, while liabilities have remained substantial, sometimes exceeding assets as seen in 2019 ($5,089,784 liabilities vs. $2,084,204 assets). This financial instability and the large swings in revenue and expenses raise questions about operational efficiency and sustainable funding models.

Given the available data, a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary, making it difficult to precisely assess spending efficiency. However, the overall pattern of high expenses relative to revenue in certain periods, coupled with significant asset and liability fluctuations, suggests potential challenges in maintaining consistent financial health and operational stability. The lack of reported officer compensation is a positive for transparency in that specific area, but the broader financial volatility presents a concern.

Verdict: Karev Foundation Inc shows mixed signals