Is Keren Keshet The Rainbow Foundation Legit?

Quick charity verification for Keren Keshet The Rainbow Foundation (EIN: 134069592)

Verdict: Keren Keshet The Rainbow Foundation appears trustworthy

80/100Mission Score

$20.5MRevenue

$174.2MAssets

2Red Flags

4Strengths

Red Flags

Significant year-over-year revenue volatility, including negative revenue in 2020, which could indicate reliance on unpredictable funding sources or investment losses.
Several years where expenses significantly exceeded revenue (e.g., 2022: $7.9M revenue vs. $18.3M expenses), suggesting operational deficits in those periods.

Strengths

Consistent reporting of 0% officer compensation, indicating strong financial stewardship and transparency regarding executive pay.
Very strong asset base, consistently over $170 million, providing significant financial stability and capacity for its mission.
Low liabilities relative to assets, demonstrating a healthy balance sheet and minimal financial risk.
Positive net income in the most recent filing (2023: $22.5M revenue vs. $16.6M expenses).

Spending Breakdown

How Keren Keshet The Rainbow 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

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 Keren Keshet The Rainbow Foundation

Is Keren Keshet The Rainbow Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Keren Keshet The Rainbow Foundation (EIN: 134069592) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.

Is Keren Keshet The Rainbow Foundation a good charity to donate to?

Keren Keshet The Rainbow Foundation has a Mission Score of 80/100. Revenue: $20.5M. Assets: $174.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Keren Keshet The Rainbow Foundation?

The Employer Identification Number (EIN) for Keren Keshet The Rainbow Foundation is 134069592. 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 Keren Keshet The Rainbow Foundation spend its money?

Keren Keshet The Rainbow Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Keren Keshet The Rainbow Foundation's tax-exempt status?

You can verify Keren Keshet The Rainbow Foundation's tax-exempt status using EIN 134069592 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

Keren Keshet The Rainbow Foundation demonstrates a fluctuating financial performance over the past decade, with significant swings in annual revenue and expenses. For instance, in 2023, the organization reported revenue of $22,530,667 against expenses of $16,683,960, indicating a surplus. However, prior years like 2020 saw negative revenue of $-7,584,394, and several years where expenses exceeded revenue, such as 2022 ($7,958,320 revenue vs. $18,362,402 expenses). The organization consistently reports zero officer compensation across all available filings, which is a positive indicator for transparency regarding executive pay. The substantial asset base, consistently over $170 million, suggests long-term financial stability despite annual operational fluctuations.

The organization's NTEE code T30 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to precisely assess spending efficiency. However, the consistent reporting of zero officer compensation is a strong point for transparency and potentially efficient use of funds at the executive level. The significant asset base of $174,232,036 (latest available) provides a substantial endowment for its philanthropic activities.

While the organization's financial health appears stable due to its large asset base, the volatility in annual revenue and expenses warrants closer examination of its funding sources and spending patterns. The lack of reported officer compensation is a notable positive for transparency. To fully assess spending efficiency, a more granular breakdown of expenses would be necessary, but the overall financial picture suggests a well-endowed foundation with varying annual operational results.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.