Carl & Renee Cohen Foundation Inc
Carl & Renee Cohen Foundation Inc. consistently spends more than it earns, drawing down its assets over the past decade.
EIN: 136096255 · Scottsdale, AZ · Updated: 2026-03-28
Is Carl & Renee Cohen Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl & Renee Cohen Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carl & Renee Cohen Foundation Inc
Carl & Renee Cohen Foundation Inc (EIN: 136096255) is a nonprofit organization based in Scottsdale, AZ. The organization reported total revenue of $203K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carl & Renee Cohen Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl & Renee Cohen Foundation Inc is a small nonprofit that has been operating for 66 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $72K |
| Surplus / Deficit | $-44,642 |
| Total Assets | $559K |
| Total Liabilities | $1 |
| Net Assets | $559K |
| Operating Margin | -163.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 93.3 months |
Financial Health Grade: B
In 2023, Carl & Renee Cohen Foundation Inc reported a deficit of $45K with expenses exceeding revenue, holds 93.3 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), Carl & Renee Cohen Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.3% | -4.5% | -7.3% |
| 2022 | -30.5% | -10.7% | -3.7% |
| 2020 | -364.6% | -28.5% | -10.4% |
| 2019 | -27.4% | -26.9% | -23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Carl & Renee Cohen Foundation Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Carl & Renee Cohen Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is likely unpaid, which is common for smaller private foundations.
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 Carl & Renee Cohen Foundation Inc's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) over multiple years, indicating asset depletion.
- Significant decline in total assets from $1,147,753 in 2011 to $339,374 currently.
Strengths
The following positive indicators were identified for Carl & Renee Cohen Foundation Inc:
- Consistent 0% officer compensation, indicating volunteer leadership.
- Good transparency with consistent IRS 990 filings.
- Low liabilities across all reported periods, indicating minimal debt.
Frequently Asked Questions about Carl & Renee Cohen Foundation Inc
Is Carl & Renee Cohen Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carl & Renee Cohen Foundation Inc (EIN: 136096255) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Carl & Renee Cohen Foundation Inc spend its money?
Carl & Renee Cohen Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carl & Renee Cohen Foundation Inc tax-deductible?
Carl & Renee Cohen Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136096255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Carl & Renee Cohen Foundation Inc. financially stable?
The foundation is not financially stable in terms of generating sufficient revenue to cover expenses, as evidenced by expenses consistently exceeding revenue (e.g., $71,930 in expenses vs. $27,288 in revenue in 2023). However, this appears to be a deliberate strategy of spending down its assets, which have decreased from over $1.1 million in 2011 to $339,374 currently.
What is the primary purpose of the Carl & Renee Cohen Foundation Inc.?
Based on the financial data, the foundation appears to be a grant-making private foundation, distributing funds rather than operating direct programs. The consistent expenses without officer compensation suggest administrative costs associated with grant distribution.
How efficient is the Carl & Renee Cohen Foundation Inc. with its spending?
Without detailed expense breakdowns beyond officer compensation, it's challenging to precisely determine spending efficiency. However, the 0% officer compensation suggests a lean operational structure. Assuming most non-officer expenses are program-related (grants), efficiency would be high in terms of direct mission spending.
Filing History
IRS 990 filing history for Carl & Renee Cohen Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Carl & Renee Cohen Foundation Inc's revenue has grown by 51.9%, moving from $18K to $27K. Total assets decreased by 51.3% over the same period, from $1.1M to $559K. Total functional expenses rose by 9.8%, from $66K to $72K. In its most recent filing year (2023), Carl & Renee Cohen Foundation Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $559K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $559K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $72K | $559K | $1 | — | View 990 |
| 2022 | $52K | $75K | $603K | $250 | — | View 990 |
| 2021 | $75K | $84K | $627K | $1 | — | View 990 |
| 2020 | $-29,514 | $45K | $636K | $1 | — | View 990 |
| 2019 | $11K | $62K | $710K | $1 | — | View 990 |
| 2015 | $15K | $86K | $931K | $1 | — | View 990 |
| 2014 | $17K | $54K | $995K | $0 | — | View 990 |
| 2013 | $18K | $61K | $1.0M | $0 | — | View 990 |
| 2012 | $9K | $81K | $1.1M | $0 | — | View 990 |
| 2011 | $18K | $66K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $72K, and assets of $559K (revenue -47.3% year-over-year).
- 2022: Revenue of $52K, expenses of $75K, and assets of $603K (revenue -30.5% year-over-year).
- 2021: Revenue of $75K, expenses of $84K, and assets of $627K.
- 2020: Revenue of $-29,514, expenses of $45K, and assets of $636K (revenue -364.6% year-over-year).
- 2019: Revenue of $11K, expenses of $62K, and assets of $710K (revenue -27.4% year-over-year).
- 2015: Revenue of $15K, expenses of $86K, and assets of $931K (revenue -9.6% year-over-year).
- 2014: Revenue of $17K, expenses of $54K, and assets of $995K (revenue -4.6% year-over-year).
- 2013: Revenue of $18K, expenses of $61K, and assets of $1.0M (revenue +108.7% year-over-year).
- 2012: Revenue of $9K, expenses of $81K, and assets of $1.1M (revenue -52.5% year-over-year).
- 2011: Revenue of $18K, expenses of $66K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl & Renee Cohen Foundation Inc:
Data Sources and Methodology
This transparency report for Carl & Renee Cohen 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.