Aj Kovel Family Foundation
Aj Kovel Family Foundation consistently operates at a deficit, relying on assets despite no officer compensation.
EIN: 205585092 · Las Vegas, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $286K |
| Total Expenses | $53K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 70/100 |
Is Aj Kovel Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aj Kovel Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aj Kovel Family Foundation
Aj Kovel Family Foundation (EIN: 205585092) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T20. The organization reported total revenue of $286K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aj Kovel Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aj Kovel Family Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 128.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $53K |
| Surplus / Deficit | $-12,090 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -29.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 260.0 months |
Financial Health Grade: B
In 2023, Aj Kovel Family Foundation reported a deficit of $12K with expenses exceeding revenue, holds 260.0 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), Aj Kovel Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 128.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | -31.8% | +10.5% |
| 2022 | -64.0% | -12.9% | -20.1% |
| 2021 | +331.6% | +39.0% | +5.1% |
| 2020 | -43.1% | +13.2% | +8.4% |
| 2019 | -94.3% | +68.3% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Aj Kovel Family Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Aj Kovel Family Foundation allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is a positive for minimizing overhead.
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 Aj Kovel Family Foundation's IRS 990 filings:
- Consistent operational deficits (e.g., 2023: $40,683 revenue vs. $52,773 expenses)
- Highly volatile revenue, making financial planning and sustainability less predictable
Strengths
The following positive indicators were identified for Aj Kovel Family Foundation:
- Strong asset base ($1,143,531 in 2023) providing financial stability
- No reported officer compensation, indicating low administrative overhead
- Minimal liabilities ($1 across all filings), demonstrating excellent financial health and no debt
Frequently Asked Questions about Aj Kovel Family Foundation
Is Aj Kovel Family Foundation a legitimate charity?
Aj Kovel Family Foundation (EIN: 205585092) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $286K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Aj Kovel Family Foundation spend its money?
Aj Kovel Family Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Aj Kovel Family Foundation tax-deductible?
Aj Kovel Family Foundation is registered as a tax-exempt nonprofit (EIN: 205585092). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Aj Kovel Family Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Aj Kovel Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aj Kovel Family Foundation located?
Aj Kovel Family Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 205585092. It is classified under NTEE code T20.
How many years of IRS 990 filings does Aj Kovel Family Foundation have?
Aj Kovel Family Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $286K in total revenue.
How does the Aj Kovel Family Foundation cover its operational deficits?
The foundation frequently reports expenses exceeding revenue, such as in 2023 ($52,773 expenses vs. $40,683 revenue). This suggests it covers operational deficits by drawing from its substantial asset base, which stood at $1,143,531 in 2023.
What caused the significant revenue spike in 2015?
In 2015, the foundation reported revenue of $1,067,267, which is significantly higher than any other year. This could indicate a large one-time donation, a significant investment gain, or the transfer of assets, rather than typical annual fundraising.
Does the foundation have a consistent funding model?
The foundation's revenue has been highly inconsistent, ranging from $1 in 2014 to over $1 million in 2015, and then much lower figures in recent years. This suggests a funding model that is not reliant on consistent annual public donations or grants, possibly indicating an endowment or private funding source.
Filing History
IRS 990 filing history for Aj Kovel Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Aj Kovel Family Foundation's revenue has grown by 2034050%, moving from $2 to $41K. Total assets increased by 36353% over the same period, from $3K to $1.1M. Total functional expenses rose by 11627.3%, from $450 to $53K. In its most recent filing year (2023), Aj Kovel Family Foundation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $53K | $1.1M | $1 | — | — |
| 2022 | $54K | $77K | $1.0M | $1 | — | — |
| 2021 | $149K | $89K | $1.3M | $1 | — | — |
| 2020 | $35K | $64K | $1.2M | $1 | — | — |
| 2019 | $61K | $56K | $1.1M | $1 | — | View 990 |
| 2015 | $1.1M | $34K | $995K | $1 | — | View 990 |
| 2014 | $1 | $314 | $2K | $1 | — | View 990 |
| 2013 | $5K | $5K | $3K | $1 | — | View 990 |
| 2012 | $3 | $315 | $3K | $1 | — | View 990 |
| 2011 | $2 | $450 | $3K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $53K, and assets of $1.1M (revenue -24.2% year-over-year).
- 2022: Revenue of $54K, expenses of $77K, and assets of $1.0M (revenue -64.0% year-over-year).
- 2021: Revenue of $149K, expenses of $89K, and assets of $1.3M (revenue +331.6% year-over-year).
- 2020: Revenue of $35K, expenses of $64K, and assets of $1.2M (revenue -43.1% year-over-year).
- 2019: Revenue of $61K, expenses of $56K, and assets of $1.1M (revenue -94.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $34K, and assets of $995K (revenue +106726600.0% year-over-year).
- 2014: Revenue of $1, expenses of $314, and assets of $2K (revenue -100.0% year-over-year).
- 2013: Revenue of $5K, expenses of $5K, and assets of $3K (revenue +171633.3% year-over-year).
- 2012: Revenue of $3, expenses of $315, and assets of $3K (revenue +50.0% year-over-year).
- 2011: Revenue of $2, expenses of $450, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aj Kovel Family Foundation:
Data Sources and Methodology
This transparency report for Aj Kovel Family Foundation 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.