Is Kolatch Family Foundation Legit?

Quick charity verification for Kolatch Family Foundation (EIN: 133918276)

Verdict: Kolatch Family Foundation appears trustworthy

90/100Mission Score
$45.0MRevenue
$102.4MAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Kolatch Family Foundation allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Kolatch Family Foundation

Is Kolatch Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Kolatch Family Foundation (EIN: 133918276) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.

Is Kolatch Family Foundation a good charity to donate to?

Kolatch Family Foundation has a Mission Score of 90/100. Revenue: $45.0M. Assets: $102.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kolatch Family Foundation?

The Employer Identification Number (EIN) for Kolatch Family Foundation is 133918276. 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 Kolatch Family Foundation spend its money?

Kolatch Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kolatch Family Foundation's tax-exempt status?

You can verify Kolatch Family Foundation's tax-exempt status using EIN 133918276 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 Kolatch Family Foundation demonstrates a strong financial position with substantial assets, currently at $102,358,716. Over the past decade, the foundation has shown significant growth in its asset base, more than doubling from $38,321,062 in 2015 to over $95 million in 2023. Revenue streams have been somewhat volatile, with a peak of over $52 million in 2014 and a recent high of $13.19 million in 2022, indicating reliance on fluctuating investment returns or large, infrequent contributions. The foundation consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds and a commitment to directing resources towards its mission rather than executive salaries. Spending efficiency appears to be robust, particularly given the consistent reporting of zero officer compensation. While specific program, administrative, and fundraising expense breakdowns are not explicitly detailed in the provided summary, the overall expense ratios relative to revenue vary, suggesting that the foundation's grant-making or programmatic activities are the primary drivers of expenditures. For instance, in 2023, expenses were $6,672,668 against $10,675,147 in revenue, indicating a healthy surplus for asset growth or future programming. The foundation's low liabilities across most years also point to sound financial management. Transparency is generally good, with a consistent filing history of 10 IRS 990 forms. The absence of officer compensation is a key transparency point, clearly indicating that leadership is not drawing salaries from the foundation's funds. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess the efficiency of its spending beyond the high-level revenue and expense figures. Further detail on how expenses are categorized would enhance the understanding of its operational efficiency and program focus.

View Full Transparency Report →

Disclaimer

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

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