Gene R Cohen Charitable Foundation
Small Foundation with Consistent Spending, Declining Revenue
EIN: 223075611 · Portland, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $83K |
| Program Spending | 60% |
| Net Assets | $847K |
| Transparency Score | 65/100 |
Is Gene R Cohen Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gene R Cohen Charitable Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Gene R Cohen Charitable Foundation
Gene R Cohen Charitable Foundation (EIN: 223075611) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $105K and total assets of $877K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gene R Cohen Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gene R Cohen Charitable Foundation is a small nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $83K |
| Surplus / Deficit | $-15,126 |
| Total Assets | $847K |
| Total Liabilities | $1 |
| Net Assets | $847K |
| Operating Margin | -22.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 122.7 months |
Financial Health Grade: B
In 2023, Gene R Cohen Charitable Foundation reported a deficit of $15K with expenses exceeding revenue, holds 122.7 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), Gene R Cohen Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.9% | +16.1% | -1.8% |
| 2022 | -22.1% | -16.5% | +8.0% |
| 2021 | +12.7% | +17.9% | +12.4% |
| 2020 | +196.4% | +3.5% | +12.9% |
| 2019 | +24.0% | +19.2% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Gene R Cohen Charitable Foundation 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: 20%
- programs: 60%
- fundraising: 20%
According to IRS 990 filings, Gene R Cohen Charitable Foundation allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting it is either minimal or non-existent, which is common for very small 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 Gene R Cohen Charitable Foundation's IRS 990 filings:
- Revenue has shown a significant decline from $173,437 in 2021 to $67,698 in 2023.
- The foundation's net assets have not grown substantially over the past decade, fluctuating around the $600,000-$800,000 range.
Strengths
The following positive indicators were identified for Gene R Cohen Charitable Foundation:
- Consistent operational expenses relative to assets, indicating stable management.
- Low administrative and fundraising costs based on available data, suggesting efficiency.
- Maintains a healthy asset base relative to its annual revenue and expenses.
Frequently Asked Questions about Gene R Cohen Charitable Foundation
Is Gene R Cohen Charitable Foundation a legitimate charity?
Gene R Cohen Charitable Foundation (EIN: 223075611) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $105K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Gene R Cohen Charitable Foundation spend its money?
Gene R Cohen Charitable Foundation directs 60% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Gene R Cohen Charitable Foundation tax-deductible?
Gene R Cohen Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 223075611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gene R Cohen Charitable Foundation's spending goes to programs?
Gene R Cohen Charitable Foundation directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Gene R Cohen Charitable Foundation located?
Gene R Cohen Charitable Foundation is headquartered in Portland, Maine and files with the IRS under EIN 223075611.
How many years of IRS 990 filings does Gene R Cohen Charitable Foundation have?
Gene R Cohen Charitable Foundation 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 $105K in total revenue.
What does Gene R Cohen Charitable Foundation do?
Gene R Cohen Charitable Foundation is a nonprofit organization in the Unknown sector, located in Portland, Maine. It is classified under NTEE code Unknown.
How much revenue does Gene R Cohen Charitable Foundation have?
Gene R Cohen Charitable Foundation reported total revenue of $105,287. Based on 10 IRS 990 filings on record.
What are Gene R Cohen Charitable Foundation's total assets?
Gene R Cohen Charitable Foundation holds total assets of $877,168 as reported in IRS 990 filings.
Where is Gene R Cohen Charitable Foundation located?
Gene R Cohen Charitable Foundation is based in Portland, Maine.
What is Gene R Cohen Charitable Foundation's EIN?
Gene R Cohen Charitable Foundation's Employer Identification Number (EIN) is 223075611. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Gene R Cohen Charitable Foundation?
Gene R Cohen Charitable Foundation is classified under NTEE code Unknown (Unknown).
Is Gene R Cohen Charitable Foundation a registered 501(c)(3)?
Gene R Cohen Charitable Foundation appears in IRS records (EIN: 223075611). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Gene R Cohen Charitable Foundation file IRS Form 990?
Yes, Gene R Cohen Charitable Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Gene R Cohen Charitable Foundation's revenue in 2023?
In the 202312 filing period, Gene R Cohen Charitable Foundation reported total revenue of $67,698, total expenses of $82,824, and net assets of $847,057.
Is Gene R Cohen Charitable Foundation's revenue growing or declining?
Gene R Cohen Charitable Foundation's revenue is declining. Revenue went from $135,102 (202212) to $67,698 (202312), a -49.9% change. Based on 10 filings on record.
What is Gene R Cohen Charitable Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Gene R Cohen Charitable Foundation covers tax period 202312. It shows revenue of $67,698, expenses of $82,824, total assets of $847,057, and liabilities of $1.
How much does Gene R Cohen Charitable Foundation spend on programs vs administration?
Based on IRS 990 analysis, Gene R Cohen Charitable Foundation allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Gene R Cohen Charitable Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Gene R Cohen Charitable Foundation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Gene R Cohen Charitable Foundation?
The following concerns were identified: Revenue has shown a significant decline from $173,437 in 2021 to $67,698 in 2023.. The foundation's net assets have not grown substantially over the past decade, fluctuating around the $600,000-$800,000 range.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Gene R Cohen Charitable Foundation's strengths?
Positive indicators for Gene R Cohen Charitable Foundation include: Consistent operational expenses relative to assets, indicating stable management.. Low administrative and fundraising costs based on available data, suggesting efficiency.. Maintains a healthy asset base relative to its annual revenue and expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Gene R Cohen Charitable Foundation compensate executives?
Executive compensation is not reported in the provided filings, suggesting it is either minimal or non-existent, which is common for very small foundations. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the declining revenue, what is the foundation's strategy to ensure long-term sustainability and continued program funding?
The provided data does not offer insight into specific strategies for revenue generation or long-term sustainability planning. The consistent expense levels despite revenue decline suggest reliance on existing assets or a shift in funding sources not detailed in these filings.
What specific programs or initiatives does the Gene R Cohen Charitable Foundation support, and how are their impacts measured?
The provided financial data does not detail specific programs or initiatives. Without program descriptions or impact reports, it's difficult to assess the nature or effectiveness of their charitable activities.
Filing History
IRS 990 filing history for Gene R Cohen Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Gene R Cohen Charitable Foundation's revenue has grown by 533.5%, moving from $11K to $68K. Total assets increased by 58.3% over the same period, from $535K to $847K. Total functional expenses rose by 112.5%, from $39K to $83K. In its most recent filing year (2023), Gene R Cohen Charitable Foundation reported a deficit of $15K, with expenses exceeding revenue. The organization holds $1 in liabilities against $847K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $847K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $83K | $847K | $1 | — | View 990 |
| 2022 | $135K | $71K | $862K | $1 | — | View 990 |
| 2021 | $173K | $85K | $798K | $1 | — | — |
| 2020 | $154K | $72K | $710K | $1 | — | — |
| 2019 | $52K | $70K | $629K | $1 | — | View 990 |
| 2015 | $42K | $59K | $566K | $1 | — | View 990 |
| 2014 | $71K | $55K | $570K | $1 | — | View 990 |
| 2013 | $76K | $42K | $554K | $1 | — | View 990 |
| 2012 | $22K | $37K | $520K | $1 | — | View 990 |
| 2011 | $11K | $39K | $535K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $83K, and assets of $847K (revenue -49.9% year-over-year).
- 2022: Revenue of $135K, expenses of $71K, and assets of $862K (revenue -22.1% year-over-year).
- 2021: Revenue of $173K, expenses of $85K, and assets of $798K (revenue +12.7% year-over-year).
- 2020: Revenue of $154K, expenses of $72K, and assets of $710K (revenue +196.4% year-over-year).
- 2019: Revenue of $52K, expenses of $70K, and assets of $629K (revenue +24.0% year-over-year).
- 2015: Revenue of $42K, expenses of $59K, and assets of $566K (revenue -40.9% year-over-year).
- 2014: Revenue of $71K, expenses of $55K, and assets of $570K (revenue -6.3% year-over-year).
- 2013: Revenue of $76K, expenses of $42K, and assets of $554K (revenue +249.8% year-over-year).
- 2012: Revenue of $22K, expenses of $37K, and assets of $520K (revenue +102.2% year-over-year).
- 2011: Revenue of $11K, expenses of $39K, and assets of $535K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gene R Cohen Charitable Foundation:
Data Sources and Methodology
This transparency report for Gene R Cohen Charitable Foundation 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.