I L Cohen Foundation Inc
I L Cohen Foundation Inc shows volatile revenue, asset growth, and no officer compensation, but lacks detailed expense breakdown.
EIN: 112519664 · Elkins Park, PA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $280K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $4.7M |
| Transparency Score | 65/100 |
Is I L 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 →
I L Cohen Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About I L Cohen Foundation Inc
I L Cohen Foundation Inc (EIN: 112519664) is a nonprofit organization based in Elkins Park, PA. The organization reported total revenue of $5.8M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I L Cohen Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I L Cohen Foundation Inc is a mid-size nonprofit that has been operating for 46 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -104.7% | -13.3% | -2.1% |
| 2021 | -101.5% | +61.8% | +14.1% |
| 2019 | -100.0% | -13.4% | +98.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 I L 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, I L Cohen Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with assets exceeding $4 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 I L Cohen Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in multiple years (e.g., $-62,882 in 2023, $-2,152 in 2021).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
- Decline in assets from $5,512,983 in 2021 to $4,738,322 in 2023, alongside negative revenue.
- Unknown NTEE code, limiting clarity on the organization's specific charitable focus.
Strengths
The following positive indicators were identified for I L Cohen Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating a potentially volunteer-led executive structure.
- Long-term growth in assets from $2.1 million in 2011 to $4.7 million in 2023.
- Low liabilities reported across most years (e.g., $1 in 2023, $2,025 in 2022).
Frequently Asked Questions about I L Cohen Foundation Inc
Is I L Cohen Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, I L Cohen Foundation Inc (EIN: 112519664) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does I L Cohen Foundation Inc spend its money?
I L Cohen Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to I L Cohen Foundation Inc tax-deductible?
I L Cohen Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112519664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the I L Cohen Foundation Inc CEO make?
I L Cohen Foundation Inc's highest-compensated officer earns $4 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of I L Cohen Foundation Inc's spending goes to programs?
I L Cohen Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is I L Cohen Foundation Inc located?
I L Cohen Foundation Inc is headquartered in Elkins Park, Pennsylvania and files with the IRS under EIN 112519664.
How many years of IRS 990 filings does I L Cohen Foundation Inc have?
I L 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 $5.8M in total revenue.
What caused the significant revenue fluctuations, particularly the negative revenues in 2023 and 2021?
The provided data shows revenue of $-62,882 in 2023 and $-2,152 in 2021, which are unusual for a nonprofit and require further investigation into the nature of these financial entries.
What is the breakdown of expenses into program, administrative, and fundraising categories?
The provided IRS 990 summary data does not offer a detailed breakdown of expenses, making it difficult to assess the organization's spending efficiency across its core functions.
How does the organization sustain operations with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based or compensated through other means not reflected in this specific line item, which is uncommon for an organization of this asset size.
What is the specific mission or program area of the I L Cohen Foundation Inc?
The NTEE code is listed as 'Unknown', which makes it difficult to understand the specific charitable purpose and impact of the organization's activities.
Filing History
IRS 990 filing history for I L Cohen Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), I L Cohen Foundation Inc's revenue has declined by 215.1%, moving from $55K to $-62,882. Total assets increased by 125.3% over the same period, from $2.1M to $4.7M. Total functional expenses rose by 375%, from $59K to $280K. The organization holds $1 in liabilities against $4.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-62,882 | $280K | $4.7M | $1 | — | — |
| 2022 | $1.3M | $323K | $4.8M | $2K | — | View 990 |
| 2021 | $-2,152 | $274K | $5.5M | $1 | — | View 990 |
| 2020 | $141K | $169K | $4.8M | $1 | — | — |
| 2019 | $0 | $78K | $4.6M | $0 | — | View 990 |
| 2015 | $67K | $90K | $2.3M | $0 | — | View 990 |
| 2014 | $90K | $72K | $2.3M | $0 | — | View 990 |
| 2013 | $72K | $35K | $2.3M | $0 | — | View 990 |
| 2012 | $67K | $51K | $2.2M | $0 | — | View 990 |
| 2011 | $55K | $59K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-62,882, expenses of $280K, and assets of $4.7M (revenue -104.7% year-over-year).
- 2022: Revenue of $1.3M, expenses of $323K, and assets of $4.8M.
- 2021: Revenue of $-2,152, expenses of $274K, and assets of $5.5M (revenue -101.5% year-over-year).
- 2020: Revenue of $141K, expenses of $169K, and assets of $4.8M.
- 2019: Revenue of $0, expenses of $78K, and assets of $4.6M (revenue -100.0% year-over-year).
- 2015: Revenue of $67K, expenses of $90K, and assets of $2.3M (revenue -24.9% year-over-year).
- 2014: Revenue of $90K, expenses of $72K, and assets of $2.3M (revenue +24.5% year-over-year).
- 2013: Revenue of $72K, expenses of $35K, and assets of $2.3M (revenue +8.1% year-over-year).
- 2012: Revenue of $67K, expenses of $51K, and assets of $2.2M (revenue +21.8% year-over-year).
- 2011: Revenue of $55K, expenses of $59K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I L Cohen Foundation Inc:
Data Sources and Methodology
This transparency report for I L 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.