Elias A Cohen Foundation Inc
Elias A Cohen Foundation consistently spends more than its annual revenue, drawing from a stable $1.6 million asset base.
EIN: 136113003 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $900K |
| Total Expenses | $70K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.6M |
| Transparency Score | 65/100 |
Is Elias A 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 →
Elias A Cohen Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elias A Cohen Foundation Inc
Elias A Cohen Foundation Inc (EIN: 136113003) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $900K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elias A Cohen Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elias A 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 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $70K |
| Surplus / Deficit | $-5,590 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 281.4 months |
Financial Health Grade: B
In 2023, Elias A Cohen Foundation Inc reported a deficit of $6K with expenses exceeding revenue, holds 281.4 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), Elias A Cohen Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.1% | -22.4% | -0.3% |
| 2022 | -57.0% | +1.4% | -0.9% |
| 2021 | +193.3% | +13.4% | +5.6% |
| 2020 | +13.6% | -8.1% | -1.1% |
| 2019 | -27.6% | -9.0% | +2.4% |
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 Elias A Cohen 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, Elias A Cohen 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not reported as officer compensation, which is unusual for an organization with over $1.5 million in assets.
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 Elias A Cohen Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) without clear explanation of funding source beyond assets.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment.
- NTEE code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Elias A Cohen Foundation Inc:
- Consistent IRS 990 filing history, indicating good compliance.
- Stable and substantial asset base (over $1.5 million) providing financial security.
- No reported officer compensation, suggesting a lean or volunteer-driven leadership structure.
Frequently Asked Questions about Elias A Cohen Foundation Inc
Is Elias A Cohen Foundation Inc a legitimate charity?
Elias A Cohen Foundation Inc (EIN: 136113003) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $900K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Elias A Cohen Foundation Inc spend its money?
Elias A Cohen Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Elias A Cohen Foundation Inc tax-deductible?
Elias A Cohen Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136113003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Elias A Cohen Foundation Inc CEO make?
Elias A Cohen Foundation Inc's highest-compensated officer earns $1.5 annually. The organization reported $900K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Elias A Cohen Foundation Inc's spending goes to programs?
Elias A Cohen Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Elias A Cohen Foundation Inc located?
Elias A Cohen Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 136113003.
How many years of IRS 990 filings does Elias A Cohen Foundation Inc have?
Elias A Cohen 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 $900K in total revenue.
What are the specific programs or grants the Elias A Cohen Foundation Inc supports?
The provided IRS 990 data does not detail the specific programs or grants supported by the foundation. A deeper dive into the full 990 forms would be necessary to understand its programmatic activities.
How does the foundation cover its consistent deficit spending?
The foundation consistently spends more than its annual revenue, as evidenced by expenses exceeding revenue in most years (e.g., $70,172 expenses vs. $64,582 revenue in 2023). This deficit is likely covered by drawing from its substantial and stable asset base, which has consistently been over $1.5 million.
Why is there no officer compensation reported?
The 0% officer compensation reported across all filings suggests that the foundation's officers are either volunteers, or their compensation is structured in a way that is not reported under this specific line item on the 990 form. This is a notable characteristic for an organization with significant assets.
Filing History
IRS 990 filing history for Elias A Cohen Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Elias A Cohen Foundation Inc's revenue has grown by 152.1%, moving from $26K to $65K. Total assets increased by 7.8% over the same period, from $1.5M to $1.6M. Total functional expenses fell by 64.2%, from $196K to $70K. In its most recent filing year (2023), Elias A Cohen Foundation Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $70K | $1.6M | $1 | — | View 990 |
| 2022 | $76K | $90K | $1.7M | $1 | — | View 990 |
| 2021 | $177K | $89K | $1.7M | $1 | — | View 990 |
| 2020 | $60K | $79K | $1.6M | $1 | — | — |
| 2019 | $53K | $86K | $1.6M | $1 | — | View 990 |
| 2015 | $73K | $94K | $1.6M | $2K | — | View 990 |
| 2014 | $81K | $92K | $1.6M | $2K | — | View 990 |
| 2013 | $227K | $89K | $1.6M | $2K | — | View 990 |
| 2012 | $50K | $125K | $1.5M | $2K | — | View 990 |
| 2011 | $26K | $196K | $1.5M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $70K, and assets of $1.6M (revenue -15.1% year-over-year).
- 2022: Revenue of $76K, expenses of $90K, and assets of $1.7M (revenue -57.0% year-over-year).
- 2021: Revenue of $177K, expenses of $89K, and assets of $1.7M (revenue +193.3% year-over-year).
- 2020: Revenue of $60K, expenses of $79K, and assets of $1.6M (revenue +13.6% year-over-year).
- 2019: Revenue of $53K, expenses of $86K, and assets of $1.6M (revenue -27.6% year-over-year).
- 2015: Revenue of $73K, expenses of $94K, and assets of $1.6M (revenue -9.5% year-over-year).
- 2014: Revenue of $81K, expenses of $92K, and assets of $1.6M (revenue -64.3% year-over-year).
- 2013: Revenue of $227K, expenses of $89K, and assets of $1.6M (revenue +349.7% year-over-year).
- 2012: Revenue of $50K, expenses of $125K, and assets of $1.5M (revenue +97.0% year-over-year).
- 2011: Revenue of $26K, expenses of $196K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elias A Cohen Foundation Inc:
Data Sources and Methodology
This transparency report for Elias A 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.