Is Steven W And Ruth Katz Family Foundation Inc Legit?
Quick charity verification for Steven W And Ruth Katz Family Foundation Inc (EIN: 20652257)
Verdict: Steven W And Ruth Katz Family Foundation Inc appears trustworthy
92/100Mission Score
$1.5MRevenue
$1.5MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown beyond total expenses in provided data, making it difficult to precisely determine program vs. administrative spending without full 990 access.
Strengths
Consistent asset growth, from $561,162 in 2011 to $1,259,150 in 2023.
Zero reported officer compensation across all filings, maximizing funds for mission.
Very low liabilities, often reported as $1, indicating strong financial management.
Consistent revenue exceeding expenses in most years, contributing to financial stability.
Regular IRS 990 filings over a decade, demonstrating commitment to transparency.
Spending Breakdown
How Steven W And Ruth Katz Family 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 Steven W And Ruth Katz Family Foundation Inc
Is Steven W And Ruth Katz Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Steven W And Ruth Katz Family Foundation Inc (EIN: 20652257) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Steven W And Ruth Katz Family Foundation Inc a good charity to donate to?
Steven W And Ruth Katz Family Foundation Inc has a Mission Score of 92/100. Revenue: $1.5M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Steven W And Ruth Katz Family Foundation Inc?
The Employer Identification Number (EIN) for Steven W And Ruth Katz Family Foundation Inc is 20652257. 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 Steven W And Ruth Katz Family Foundation Inc spend its money?
Steven W And Ruth Katz Family Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Steven W And Ruth Katz Family Foundation Inc's tax-exempt status?
You can verify Steven W And Ruth Katz Family Foundation Inc's tax-exempt status using EIN 20652257 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 Steven W And Ruth Katz Family Foundation Inc demonstrates consistent financial health and a strong commitment to its programmatic mission. Over the past decade, the foundation has shown steady growth in both revenue and assets, with assets increasing from $561,162 in 2011 to $1,259,150 in 2023. The organization consistently maintains very low liabilities, often reported as just $1, indicating sound financial management and minimal debt.
Spending efficiency appears high, as evidenced by the consistent surplus of revenue over expenses in most years, allowing for asset growth. For example, in 2023, revenue was $193,426 against expenses of $156,126. The absence of reported officer compensation across all filings suggests that administrative costs are likely kept very low, maximizing funds available for charitable activities. This structure inherently promotes transparency regarding how donations are utilized, as a significant portion is directed towards programs rather than overhead or executive salaries. The foundation's consistent filing of IRS 990s over ten periods further underscores its commitment to transparency.