Etzchaim Charitable Tr
Etzchaim Charitable Tr consistently grows assets with low expenses and no reported officer compensation.
EIN: 137138977 · Miami Beach, FL · NTEE: T20Z · Updated: 2026-03-28
Is Etzchaim Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Etzchaim Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Etzchaim Charitable Tr
Etzchaim Charitable Tr (EIN: 137138977) is a nonprofit organization based in Miami Beach, FL, classified under NTEE code T20Z. The organization reported total revenue of $6.6M and total assets of $46.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Etzchaim Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Etzchaim Charitable Tr with a Mission Score of 95 out of 100 (Excellent). 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, Etzchaim Charitable Tr 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with assets exceeding $45 million.
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 Etzchaim Charitable Tr's IRS 990 filings:
- Lack of detailed program spending breakdown in available data, making it difficult to assess specific impact.
- Unusually low reported liabilities ($1) across multiple years, which might warrant further inquiry into accounting practices.
- Consistent 0% officer compensation for an organization with significant assets and revenue, which is atypical and could imply alternative compensation structures or volunteer-only leadership.
Strengths
The following positive indicators were identified for Etzchaim Charitable Tr:
- Exceptional financial stability with consistently growing assets, reaching $45,457,746 in 2023.
- Very low liabilities, often just $1, indicating minimal debt and strong financial health.
- High spending efficiency, with expenses significantly lower than revenue in most periods, allowing for asset accumulation.
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards the mission rather than executive salaries.
- Long history of IRS 990 filings (11 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Etzchaim Charitable Tr
Is Etzchaim Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Etzchaim Charitable Tr (EIN: 137138977) some concerns. Mission Score: 95/100. 3 red flags identified, 5 strengths noted.
How does Etzchaim Charitable Tr spend its money?
Etzchaim Charitable Tr directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Etzchaim Charitable Tr tax-deductible?
Etzchaim Charitable Tr is registered as a tax-exempt nonprofit (EIN: 137138977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs Etzchaim Charitable Tr funds?
The provided data does not detail specific program activities, only financial aggregates. Further investigation into their public disclosures or website would be needed to understand their programmatic focus.
How does Etzchaim Charitable Tr manage to operate with 0% officer compensation?
Operating with 0% officer compensation suggests that leadership roles are either entirely volunteer-based, compensated by an external entity, or the compensation is reported under a different category not specified as 'Officer Comp' in the provided data. This is a significant operational characteristic for an organization of this size.
What is the nature of the 'Liabilities=$1' reported in most years?
A liability of $1 is nominal and likely represents a placeholder or a minor accounting entry rather than significant financial debt. It reinforces the organization's strong financial position with virtually no outstanding obligations.
Given the large asset base, what is the organization's strategy for utilizing these assets for its charitable purpose?
The consistent growth in assets, from $9.5M in 2011 to $45.4M in 2023, indicates a strategy of accumulating and potentially investing funds. The specific deployment of these assets for charitable activities beyond general expenses is not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Etzchaim Charitable Tr showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Etzchaim Charitable Tr's revenue has grown by 82.4%, moving from $2.9M to $5.2M. Total assets increased by 466.4% over the same period, from $8.0M to $45.5M. Total functional expenses rose by 500.8%, from $400K to $2.4M. In its most recent filing year (2023), Etzchaim Charitable Tr reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $1 in liabilities against $45.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $45.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $2.4M | $45.5M | $1 | — | View 990 |
| 2022 | $3.7M | $2.5M | $42.7M | $1 | — | View 990 |
| 2021 | $7.4M | $2.2M | $40.1M | $1 | — | View 990 |
| 2020 | $3.1M | $2.2M | $33.6M | $1 | — | View 990 |
| 2019 | $2.6M | $1.8M | $33.1M | $1 | — | View 990 |
| 2015 | $5.1M | $1.1M | $28.4M | $0 | — | View 990 |
| 2014 | $6.7M | $1.2M | $26.0M | $1.5M | — | View 990 |
| 2013 | $7.3M | $1.0M | $19.0M | $0 | — | View 990 |
| 2012 | $3.4M | $228K | $12.7M | $1 | — | View 990 |
| 2011 | $2.1M | $518K | $9.6M | $1 | — | View 990 |
| 2010 | $2.9M | $400K | $8.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $2.4M, and assets of $45.5M (revenue +40.0% year-over-year).
- 2022: Revenue of $3.7M, expenses of $2.5M, and assets of $42.7M (revenue -50.0% year-over-year).
- 2021: Revenue of $7.4M, expenses of $2.2M, and assets of $40.1M (revenue +142.7% year-over-year).
- 2020: Revenue of $3.1M, expenses of $2.2M, and assets of $33.6M (revenue +17.9% year-over-year).
- 2019: Revenue of $2.6M, expenses of $1.8M, and assets of $33.1M (revenue -48.6% year-over-year).
- 2015: Revenue of $5.1M, expenses of $1.1M, and assets of $28.4M (revenue -25.0% year-over-year).
- 2014: Revenue of $6.7M, expenses of $1.2M, and assets of $26.0M (revenue -7.1% year-over-year).
- 2013: Revenue of $7.3M, expenses of $1.0M, and assets of $19.0M (revenue +115.1% year-over-year).
- 2012: Revenue of $3.4M, expenses of $228K, and assets of $12.7M (revenue +62.6% year-over-year).
- 2011: Revenue of $2.1M, expenses of $518K, and assets of $9.6M (revenue -27.3% year-over-year).
- 2010: Revenue of $2.9M, expenses of $400K, and assets of $8.0M.
Data Sources and Methodology
This transparency report for Etzchaim Charitable Tr 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.