Chuny & Chavi Herzka Foundation Inc
EIN: 872365342 · Lakewood, NJ · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $2.9M |
| Net Assets | $-1,621 |
Is Chuny & Chavi Herzka Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chuny & Chavi Herzka Foundation Inc
Chuny & Chavi Herzka Foundation Inc (EIN: 872365342) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code T22. The organization reported total revenue of $5.7M and total assets of $774K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chuny & Chavi Herzka Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chuny & Chavi Herzka Foundation Inc is a mid-size nonprofit that has been operating for 4 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 193.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-22,061 |
| Total Assets | $7K |
| Total Liabilities | $9K |
| Net Assets | $-1,621 |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 122.9% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Chuny & Chavi Herzka Foundation Inc reported a deficit of $22K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 122.9% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Chuny & Chavi Herzka Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 193.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +109.3% | +99.3% | -65.4% |
| 2022 | +312.3% | +525.6% | -79.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chuny & Chavi Herzka Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chuny & Chavi Herzka Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 122.9%.
Frequently Asked Questions about Chuny & Chavi Herzka Foundation Inc
Is Chuny & Chavi Herzka Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chuny & Chavi Herzka Foundation Inc (EIN: 872365342) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chuny & Chavi Herzka Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Chuny & Chavi Herzka Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Chuny & Chavi Herzka Foundation Inc tax-deductible?
Chuny & Chavi Herzka Foundation Inc is registered as a tax-exempt nonprofit (EIN: 872365342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chuny & Chavi Herzka Foundation Inc located?
Chuny & Chavi Herzka Foundation Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 872365342. It is classified under NTEE code T22.
How many years of IRS 990 filings does Chuny & Chavi Herzka Foundation Inc have?
Chuny & Chavi Herzka Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $5.7M in total revenue.
Filing History
IRS 990 filing history for Chuny & Chavi Herzka Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Chuny & Chavi Herzka Foundation Inc's revenue has grown by 763%, moving from $328K to $2.8M. Total assets decreased by 93% over the same period, from $100K to $7K. Total functional expenses rose by 1147.1%, from $229K to $2.9M. In its most recent filing year (2023), Chuny & Chavi Herzka Foundation Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $9K in liabilities against $7K in assets (debt-to-asset ratio: 122.9%), resulting in net assets of $-1,621.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.9M | $7K | $9K | — | — |
| 2022 | $1.4M | $1.4M | $20K | $1 | — | View 990 |
| 2021 | $328K | $229K | $100K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.9M, and assets of $7K (revenue +109.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $20K (revenue +312.3% year-over-year).
- 2021: Revenue of $328K, expenses of $229K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chuny & Chavi Herzka Foundation Inc:
Data Sources and Methodology
This transparency report for Chuny & Chavi Herzka 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.