Abraham J & Phyllis Katz Foundation Ua 060794
Abraham J & Phyllis Katz Foundation consistently spends more than its annual revenue, drawing down its substantial endowment with zero executive compensation.
EIN: 116442077 · Newnan, GA · NTEE: B60 · Updated: 2026-03-28
Is Abraham J & Phyllis Katz Foundation Ua 060794 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abraham J & Phyllis Katz Foundation Ua 060794 directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abraham J & Phyllis Katz Foundation Ua 060794
Abraham J & Phyllis Katz Foundation Ua 060794 (EIN: 116442077) is a nonprofit organization based in Newnan, GA, classified under NTEE code B60. The organization reported total revenue of $24.2M and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abraham J & Phyllis Katz Foundation Ua 060794's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abraham J & Phyllis Katz Foundation Ua 060794 is a large nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $8.5M |
| Surplus / Deficit | $-6,318,950 |
| Total Assets | $35.6M |
| Total Liabilities | $1 |
| Net Assets | $35.6M |
| Operating Margin | -292.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.4 months |
Financial Health Grade: B
In 2023, Abraham J & Phyllis Katz Foundation Ua 060794 reported a deficit of $6.3M with expenses exceeding revenue, holds 50.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Abraham J & Phyllis Katz Foundation Ua 060794's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.9% | +8.1% | -15.1% |
| 2022 | +6.6% | +13.6% | -8.1% |
| 2021 | -11.9% | -2.5% | -6.2% |
| 2020 | -11.4% | +2.7% | -5.2% |
| 2019 | -31.3% | +3.3% | -20.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abraham J & Phyllis Katz Foundation Ua 060794 with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Abraham J & Phyllis Katz Foundation Ua 060794 allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a foundation of its size with assets exceeding $35 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Abraham J & Phyllis Katz Foundation Ua 060794's IRS 990 filings:
- Consistent decline in total assets over the past decade (from $64.9M in 2015 to $35.6M in 2023)
Strengths
The following positive indicators were identified for Abraham J & Phyllis Katz Foundation Ua 060794:
- Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Consistently low liabilities, often $1 or $0, demonstrating strong financial management and stability.
- Substantial asset base ($35,638,864 in 2023) providing significant capacity for philanthropic activities.
- Long history of IRS 990 filings (10 filings), indicating consistent transparency and compliance.
Frequently Asked Questions about Abraham J & Phyllis Katz Foundation Ua 060794
Is Abraham J & Phyllis Katz Foundation Ua 060794 a legitimate charity?
Based on AI analysis of IRS 990 filings, Abraham J & Phyllis Katz Foundation Ua 060794 (EIN: 116442077) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Abraham J & Phyllis Katz Foundation Ua 060794 spend its money?
Abraham J & Phyllis Katz Foundation Ua 060794 directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abraham J & Phyllis Katz Foundation Ua 060794 tax-deductible?
Abraham J & Phyllis Katz Foundation Ua 060794 is registered as a tax-exempt nonprofit (EIN: 116442077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Abraham J & Phyllis Katz Foundation Ua 060794 a good charity?
Based on the available data, the foundation demonstrates strong financial health with substantial assets and a highly efficient spending model, as evidenced by zero officer compensation and minimal liabilities. It appears to be effectively distributing its endowment to support its mission.
Why are expenses consistently higher than revenue?
As a private foundation, it is common for the organization to distribute more in grants and expenses than it generates in annual revenue, drawing down from its significant asset base (endowment) to fulfill its philanthropic objectives.
What is the NTEE code B60 and how does it relate to the foundation's activities?
NTEE code B60 typically refers to 'Foundations (General & Special Purpose)'. This classification aligns with the organization's structure as a private foundation that likely makes grants to other non-profits or individuals, rather than directly operating programs.
Filing History
IRS 990 filing history for Abraham J & Phyllis Katz Foundation Ua 060794 showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Abraham J & Phyllis Katz Foundation Ua 060794's revenue has declined by 41.8%, moving from $3.7M to $2.2M. Total assets decreased by 43.7% over the same period, from $63.3M to $35.6M. Total functional expenses rose by 236.1%, from $2.5M to $8.5M. In its most recent filing year (2023), Abraham J & Phyllis Katz Foundation Ua 060794 reported a deficit of $6.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $35.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $35.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $8.5M | $35.6M | $1 | — | View 990 |
| 2022 | $4.1M | $7.8M | $42.0M | $1 | — | View 990 |
| 2021 | $3.9M | $6.9M | $45.7M | $1 | — | View 990 |
| 2020 | $4.4M | $7.1M | $48.7M | $1 | — | View 990 |
| 2019 | $5.0M | $6.9M | $51.4M | $1 | — | View 990 |
| 2015 | $7.2M | $6.7M | $65.0M | $1 | — | View 990 |
| 2014 | $5.0M | $4.9M | $64.4M | $0 | — | View 990 |
| 2013 | $5.8M | $4.2M | $64.3M | $0 | — | View 990 |
| 2012 | $4.5M | $3.8M | $62.6M | $0 | — | View 990 |
| 2011 | $3.7M | $2.5M | $63.3M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $8.5M, and assets of $35.6M (revenue -47.9% year-over-year).
- 2022: Revenue of $4.1M, expenses of $7.8M, and assets of $42.0M (revenue +6.6% year-over-year).
- 2021: Revenue of $3.9M, expenses of $6.9M, and assets of $45.7M (revenue -11.9% year-over-year).
- 2020: Revenue of $4.4M, expenses of $7.1M, and assets of $48.7M (revenue -11.4% year-over-year).
- 2019: Revenue of $5.0M, expenses of $6.9M, and assets of $51.4M (revenue -31.3% year-over-year).
- 2015: Revenue of $7.2M, expenses of $6.7M, and assets of $65.0M (revenue +45.6% year-over-year).
- 2014: Revenue of $5.0M, expenses of $4.9M, and assets of $64.4M (revenue -14.9% year-over-year).
- 2013: Revenue of $5.8M, expenses of $4.2M, and assets of $64.3M (revenue +29.2% year-over-year).
- 2012: Revenue of $4.5M, expenses of $3.8M, and assets of $62.6M (revenue +22.0% year-over-year).
- 2011: Revenue of $3.7M, expenses of $2.5M, and assets of $63.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abraham J & Phyllis Katz Foundation Ua 060794:
Data Sources and Methodology
This transparency report for Abraham J & Phyllis Katz Foundation Ua 060794 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.