Quick charity verification for Kate Spade New York Foundation (EIN: 133060673)
Verdict: Kate Spade New York Foundation appears trustworthy
88/100Mission Score
$26.6MRevenue
$25.4MAssets
1Red Flags
4Strengths
Red Flags
Recent decline in revenue from $2.3M in 2021 to $880K in 2023, while expenses remained stable, leading to a deficit in 2023.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds.
Maintains substantial assets, with $24,373,639 in 2023, providing a strong financial cushion.
Low liabilities, often reported as $1, indicating sound financial management and minimal debt.
Consistent filing of IRS 990s over 11 periods, demonstrating strong commitment to transparency and compliance.
Spending Breakdown
How Kate Spade New York Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Kate Spade New York Foundation
Is Kate Spade New York Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kate Spade New York Foundation (EIN: 133060673) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Kate Spade New York Foundation a good charity to donate to?
Kate Spade New York Foundation has a Mission Score of 88/100. Revenue: $26.6M. Assets: $25.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kate Spade New York Foundation?
The Employer Identification Number (EIN) for Kate Spade New York Foundation is 133060673. 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 Kate Spade New York Foundation spend its money?
Kate Spade New York Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kate Spade New York Foundation's tax-exempt status?
You can verify Kate Spade New York Foundation's tax-exempt status using EIN 133060673 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 Kate Spade New York Foundation demonstrates a consistent commitment to its mission, as evidenced by its financial filings. Over the past several years, the foundation has maintained substantial assets, with its latest reported assets at $24,373,639 in 2023. While revenue has fluctuated, for example, dropping from $2,368,950 in 2021 to $880,267 in 2023, the organization has managed its expenses, which have remained relatively stable, around $1.4 million annually in recent years. This suggests a controlled spending approach despite varying income levels.
The foundation's transparency is high, particularly regarding executive compensation, which has consistently been reported as 0% across all available filings. This indicates that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a positive sign for donor confidence. The organization's liabilities have also been minimal, often reported as $1, further indicating sound financial management and low financial risk. The consistent filing of IRS 990s over 11 periods also points to a strong commitment to regulatory compliance and public transparency.
Given the available data, the Kate Spade New York Foundation appears to be a financially stable and well-managed organization. Its ability to maintain significant assets and control expenses, coupled with its transparent reporting of zero officer compensation, suggests a focus on its programmatic goals. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided summary, the overall financial health and transparency are commendable.