Quick charity verification for M D Katz Foundation Inc (EIN: 116035541)
Verdict: M D Katz Foundation Inc appears trustworthy
90/100Mission Score
$17.4MRevenue
$59.8MAssets
1Red Flags
5Strengths
Red Flags
NTEE Code is unknown, limiting understanding of specific programmatic focus.
Strengths
Consistently reports 0% officer compensation, indicating high efficiency.
Maintains substantial and growing assets, with $59,829,967 in latest assets.
Minimal liabilities ($1 in recent periods), showing strong financial management.
Revenue generally exceeds expenses, contributing to financial stability.
Long history of consistent IRS 990 filings, demonstrating transparency.
Spending Breakdown
How M D Katz Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 M D Katz Foundation Inc
Is M D Katz Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, M D Katz Foundation Inc (EIN: 116035541) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is M D Katz Foundation Inc a good charity to donate to?
M D Katz Foundation Inc has a Mission Score of 90/100. Revenue: $17.4M. Assets: $59.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for M D Katz Foundation Inc?
The Employer Identification Number (EIN) for M D Katz Foundation Inc is 116035541. 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 M D Katz Foundation Inc spend its money?
M D Katz Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify M D Katz Foundation Inc's tax-exempt status?
You can verify M D Katz Foundation Inc's tax-exempt status using EIN 116035541 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 M D Katz Foundation Inc demonstrates strong financial health, consistently maintaining substantial assets relative to its annual expenses. For instance, in the 202407 period, the organization reported assets of $59,812,225 against expenses of $5,948,143, indicating a robust endowment that can support its operations. The foundation also shows a healthy trend of revenue exceeding expenses in most recent periods, such as $7,720,106 in revenue versus $5,948,143 in expenses for 202407, contributing to asset growth.
Spending efficiency appears high, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of the organization's expenditures are directed towards its programmatic activities or grants, rather than administrative overhead related to executive salaries. The minimal liabilities reported ($1 in recent years, or $0 previously) further underscore a well-managed financial position.
While the NTEE code is unknown, which can sometimes hinder a full understanding of its specific program areas, the consistent financial reporting and lack of executive compensation indicate a commitment to directing resources effectively. The foundation's long history of filings and consistent asset growth also point to a stable and transparent operational framework.