Bk Family Foundation Inc
Bk Family Foundation Inc reports $27.8M in expenses against $1.8M in revenue in its latest filing, drawing down assets by over $12M.
EIN: 136168525 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36.0M |
| Total Expenses | $27.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $25.4M |
| Transparency Score | 65/100 |
Is Bk Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bk Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bk Family Foundation Inc
Bk Family Foundation Inc (EIN: 136168525) is a nonprofit organization based in New York, NY. The organization reported total revenue of $36.0M and total assets of $25.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bk Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bk Family Foundation Inc is a large nonprofit that has been operating for 61 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $27.9M |
| Surplus / Deficit | $-25,998,920 |
| Total Assets | $25.4M |
| Total Liabilities | $1 |
| Net Assets | $25.4M |
| Operating Margin | -1376.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 10.9 months |
Financial Health Grade: B
In 2024, Bk Family Foundation Inc reported a deficit of $26.0M with expenses exceeding revenue, holds 10.9 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 (2012–2024), Bk Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -70.3% | +1294.5% | -33.6% |
| 2023 | +29.6% | +26.6% | +16.4% |
| 2022 | +30.5% | +8.1% | +14.1% |
| 2021 | +57.7% | +7.2% | +10.3% |
| 2020 | +0.3% | +1.9% | +36.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Bk Family Foundation Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bk Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports $0 in officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized under other expense lines, which would require further investigation for full transparency.
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 Bk Family Foundation Inc's IRS 990 filings:
- Extreme expense-to-revenue disparity in the latest filing (202406), with expenses 14 times higher than revenue.
- Significant reduction in assets ($12.8M decrease from 2023 to 2024) to cover operational costs.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment.
- Consistent $0 officer compensation could indicate a lack of transparency if executive leadership is compensated through other means.
Strengths
The following positive indicators were identified for Bk Family Foundation Inc:
- Strong and growing asset base over the long term, from $15M in 2012 to $25M in 2024.
- Consistently low liabilities ($0 or $1), indicating minimal debt burden and strong financial solvency.
- Historically, expenses were well managed relative to revenue in most periods prior to 2024.
- Zero reported officer compensation suggests high efficiency in executive leadership costs.
Frequently Asked Questions about Bk Family Foundation Inc
Is Bk Family Foundation Inc a legitimate charity?
Bk Family Foundation Inc (EIN: 136168525) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $36.0M. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bk Family Foundation Inc spend its money?
Bk Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bk Family Foundation Inc tax-deductible?
Bk Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136168525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bk Family Foundation Inc CEO make?
Bk Family Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $36.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bk Family Foundation Inc's spending goes to programs?
Bk Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bk Family Foundation Inc located?
Bk Family Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 136168525.
How many years of IRS 990 filings does Bk Family Foundation Inc have?
Bk Family Foundation Inc 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 $36.0M in total revenue.
What caused the significant increase in expenses in the 202406 period, leading to expenses exceeding revenue by over $26 million?
The IRS 990 data indicates expenses of $27,887,916 against revenue of $1,888,996 in the 202406 period. Without access to the full Form 990, the specific nature of these large expenses is not detailed, but it resulted in a substantial draw-down of assets.
How does Bk Family Foundation Inc sustain operations with such a large deficit in its latest fiscal year?
The organization likely covered the deficit by utilizing its substantial asset base, which decreased from $38,285,543 in 2023 to $25,421,516 in 2024. This suggests a strategic use of reserves or endowments to fund its activities during that period.
Is the consistent reporting of $0 officer compensation accurate, and if so, how is executive leadership compensated?
The filings consistently show $0 for officer compensation. If accurate, this indicates a highly cost-efficient executive structure, possibly volunteer-based. If executives are compensated, it would be reported under other expense categories, which would reduce transparency regarding leadership costs.
What is the long-term financial strategy given the recent significant asset reduction?
The reduction of assets by over $12 million in one year (2023-2024) due to high expenses raises questions about the sustainability of this spending pattern. A clear strategy for replenishing assets or adjusting spending would be crucial for long-term financial health.
Filing History
IRS 990 filing history for Bk Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Bk Family Foundation Inc's revenue has grown by 73%, moving from $1.1M to $1.9M. Total assets increased by 68.6% over the same period, from $15.1M to $25.4M. Total functional expenses rose by 2829.8%, from $952K to $27.9M. In its most recent filing year (2024), Bk Family Foundation Inc reported a deficit of $26.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $25.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $27.9M | $25.4M | $1 | — | View 990 |
| 2023 | $6.4M | $2.0M | $38.3M | $1 | — | View 990 |
| 2022 | $4.9M | $1.6M | $32.9M | $1 | — | View 990 |
| 2021 | $3.8M | $1.5M | $28.8M | $1 | — | View 990 |
| 2020 | $2.4M | $1.4M | $26.1M | $1 | — | View 990 |
| 2016 | $2.4M | $1.3M | $19.1M | $1 | — | View 990 |
| 2015 | $2.0M | $1.2M | $18.2M | $1 | — | View 990 |
| 2014 | $1.7M | $1.0M | $16.5M | $1 | — | View 990 |
| 2013 | $1.5M | $973K | $15.6M | $0 | — | View 990 |
| 2012 | $1.1M | $952K | $15.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $27.9M, and assets of $25.4M (revenue -70.3% year-over-year).
- 2023: Revenue of $6.4M, expenses of $2.0M, and assets of $38.3M (revenue +29.6% year-over-year).
- 2022: Revenue of $4.9M, expenses of $1.6M, and assets of $32.9M (revenue +30.5% year-over-year).
- 2021: Revenue of $3.8M, expenses of $1.5M, and assets of $28.8M (revenue +57.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.4M, and assets of $26.1M (revenue +0.3% year-over-year).
- 2016: Revenue of $2.4M, expenses of $1.3M, and assets of $19.1M (revenue +20.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.2M, and assets of $18.2M (revenue +13.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.0M, and assets of $16.5M (revenue +15.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $973K, and assets of $15.6M (revenue +37.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $952K, and assets of $15.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bk Family Foundation Inc:
Data Sources and Methodology
This transparency report for Bk Family Foundation Inc 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.