Quick charity verification for Katz Family Foundation Inc (EIN: 203957834)
Verdict: Katz Family Foundation Inc appears trustworthy
75/100Mission Score
$734KRevenue
$1.5MAssets
2Red Flags
4Strengths
Red Flags
Consistent negative net income in recent years (e.g., 2023 revenue $49,657 vs. expenses $104,067)
Reliance on asset base to cover operational deficits
Strengths
Strong and stable asset base (consistently above $1.4 million)
Consistent 0% officer compensation, indicating high efficiency at the leadership level
Excellent transparency with 10 years of consistent IRS 990 filings
Minimal liabilities ($1 across all reported periods)
Spending Breakdown
How Katz Family Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Katz Family Foundation Inc
Is Katz Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Katz Family Foundation Inc (EIN: 203957834) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Katz Family Foundation Inc a good charity to donate to?
Katz Family Foundation Inc has a Mission Score of 75/100. Revenue: $734K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Katz Family Foundation Inc?
The Employer Identification Number (EIN) for Katz Family Foundation Inc is 203957834. 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 Katz Family Foundation Inc spend its money?
Katz Family Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Katz Family Foundation Inc's tax-exempt status?
You can verify Katz Family Foundation Inc's tax-exempt status using EIN 203957834 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 Katz Family Foundation Inc. demonstrates consistent financial stability with assets consistently above $1.4 million, reaching $1,599,910 in the latest 2023 filing. However, the organization has shown a trend of spending exceeding revenue in recent years, with expenses of $104,067 against revenue of $49,657 in 2023, and $133,172 against $72,048 in 2022. This indicates a reliance on its substantial asset base to cover operational costs, which, while sustainable in the short term given its asset size, is not ideal for long-term operational health without a corresponding increase in revenue or reduction in expenses.
The foundation's transparency is strong, with 10 years of consistent IRS 990 filings and no reported officer compensation, suggesting a volunteer-led or minimally compensated leadership structure. The NTEE code T22 indicates a focus on philanthropic organizations, foundations, and funds, which typically involves grant-making rather than direct program delivery. Without a detailed breakdown of expenses beyond the summary data, it's challenging to precisely assess spending efficiency between program, administrative, and fundraising costs, but the absence of officer compensation is a positive indicator of efficient use of funds at the leadership level.
Overall, the foundation appears to be a well-established entity with a solid asset base and good transparency. The primary financial concern is the recent trend of negative net income, which warrants closer monitoring to ensure the long-term sustainability of its philanthropic activities. Its consistent asset base, despite fluctuating revenues and expenses, suggests a prudent management of its endowment.