J M Kaplan Fund Inc
J M Kaplan Fund Inc maintains over $130M in assets with fluctuating revenue and consistent grant-making expenses, reporting 0% officer compensation.
EIN: 136090286 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.6M |
| Total Expenses | $11.5M |
| Program Spending | 85% |
| Net Assets | $133.7M |
| Transparency Score | 85/100 |
Is J M Kaplan Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
J M Kaplan Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About J M Kaplan Fund Inc
J M Kaplan Fund Inc (EIN: 136090286) is a nonprofit organization based in New York, NY. The organization reported total revenue of $25.6M and total assets of $143.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of J M Kaplan Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
J M Kaplan Fund Inc is a large nonprofit that has been operating for 76 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $11.5M |
| Surplus / Deficit | $-4,391,130 |
| Total Assets | $139.9M |
| Total Liabilities | $6.2M |
| Net Assets | $133.7M |
| Operating Margin | -61.7% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 145.9 months |
Financial Health Grade: B
In 2023, J M Kaplan Fund Inc reported a deficit of $4.4M with expenses exceeding revenue, holds 145.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), J M Kaplan Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | +27.8% | +3.3% |
| 2022 | -17.4% | -27.8% | -22.0% |
| 2021 | +79.3% | +29.7% | +8.0% |
| 2020 | -90.5% | -17.3% | +16.1% |
| 2019 | +415.9% | +7.2% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
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 J M Kaplan Fund Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, J M Kaplan Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $4.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
The J M Kaplan Fund Inc consistently reports 0% officer compensation across all provided filings, indicating that no funds are allocated to officer salaries, which is highly unusual and suggests either voluntary leadership or compensation structured outside of typical officer salary reporting.
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 J M Kaplan Fund Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, which could impact long-term planning if not managed with a robust endowment strategy.
- Lack of detailed functional expense breakdown in provided data makes it difficult to precisely determine program vs. administrative spending ratios without further investigation of full 990 forms.
Strengths
The following positive indicators were identified for J M Kaplan Fund Inc:
- Consistent and substantial asset base, indicating strong financial health ($139,934,026 in 2023).
- 0% officer compensation reported across all filings, demonstrating exceptional efficiency in executive remuneration.
- Consistent level of expenses (typically $9-13 million annually) suggests steady philanthropic activity and grant disbursements.
- Long history of 990 filings, indicating good regulatory compliance and transparency.
Frequently Asked Questions about J M Kaplan Fund Inc
Is J M Kaplan Fund Inc a legitimate charity?
J M Kaplan Fund Inc (EIN: 136090286) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $25.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does J M Kaplan Fund Inc spend its money?
J M Kaplan Fund Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to J M Kaplan Fund Inc tax-deductible?
J M Kaplan Fund Inc is registered as a tax-exempt nonprofit (EIN: 136090286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of J M Kaplan Fund Inc's spending goes to programs?
J M Kaplan Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is J M Kaplan Fund Inc located?
J M Kaplan Fund Inc is headquartered in New York, New York and files with the IRS under EIN 136090286.
How many years of IRS 990 filings does J M Kaplan Fund Inc have?
J M Kaplan Fund 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 $25.6M in total revenue.
Is J M Kaplan Fund Inc a good charity?
As a private foundation, J M Kaplan Fund Inc appears to be a well-managed entity with substantial assets ($139,934,026 in 2023) and consistent grant-making activity (expenses typically $9-13 million annually). The 0% officer compensation reported is a significant positive indicator of financial stewardship. Its primary function is to distribute grants, and the financial data suggests it fulfills this role effectively.
How does J M Kaplan Fund Inc manage its executive compensation?
The organization reports 0% officer compensation in all available filings. This suggests that executive leadership may be voluntary, compensated through other non-officer categories, or that the foundation operates with a very lean, non-salaried executive structure. This practice is highly efficient in terms of direct salary costs.
What is the trend in J M Kaplan Fund Inc's assets?
The J M Kaplan Fund Inc has maintained a strong asset base, consistently above $130 million over the past decade, reaching $143,637,527 in its latest reported period. While there are fluctuations (e.g., $173,673,187 in 2021), the overall trend indicates robust financial stability.
How volatile is J M Kaplan Fund Inc's revenue?
The organization's revenue is quite volatile, ranging from a low of $5,143,959 in 2020 to a high of $54,429,536 in 2019. This fluctuation is typical for foundations whose revenue is heavily influenced by investment performance and large, infrequent contributions.
Filing History
IRS 990 filing history for J M Kaplan Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), J M Kaplan Fund Inc's revenue has declined by 76.5%, moving from $30.3M to $7.1M. Total assets increased by 7.9% over the same period, from $129.6M to $139.9M. Total functional expenses fell by 13.7%, from $13.3M to $11.5M. In its most recent filing year (2023), J M Kaplan Fund Inc reported a deficit of $4.4M, with expenses exceeding revenue. The organization holds $6.2M in liabilities against $139.9M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $133.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $11.5M | $139.9M | $6.2M | — | View 990 |
| 2022 | $7.6M | $9.0M | $135.4M | $5.5M | — | View 990 |
| 2021 | $9.2M | $12.5M | $173.7M | $8.6M | — | View 990 |
| 2020 | $5.1M | $9.6M | $160.7M | $3.3M | — | View 990 |
| 2019 | $54.4M | $11.6M | $138.5M | $4.3M | — | View 990 |
| 2015 | $10.6M | $10.9M | $138.6M | $3.1M | — | View 990 |
| 2014 | $18.3M | $10.2M | $145.7M | $3.1M | — | View 990 |
| 2013 | $10.2M | $7.3M | $144.6M | $1.5M | — | View 990 |
| 2012 | $28.3M | $10.2M | $134.3M | $2.5M | — | View 990 |
| 2011 | $30.3M | $13.3M | $129.6M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $11.5M, and assets of $139.9M (revenue -6.5% year-over-year).
- 2022: Revenue of $7.6M, expenses of $9.0M, and assets of $135.4M (revenue -17.4% year-over-year).
- 2021: Revenue of $9.2M, expenses of $12.5M, and assets of $173.7M (revenue +79.3% year-over-year).
- 2020: Revenue of $5.1M, expenses of $9.6M, and assets of $160.7M (revenue -90.5% year-over-year).
- 2019: Revenue of $54.4M, expenses of $11.6M, and assets of $138.5M (revenue +415.9% year-over-year).
- 2015: Revenue of $10.6M, expenses of $10.9M, and assets of $138.6M (revenue -42.3% year-over-year).
- 2014: Revenue of $18.3M, expenses of $10.2M, and assets of $145.7M (revenue +78.9% year-over-year).
- 2013: Revenue of $10.2M, expenses of $7.3M, and assets of $144.6M (revenue -63.9% year-over-year).
- 2012: Revenue of $28.3M, expenses of $10.2M, and assets of $134.3M (revenue -6.5% year-over-year).
- 2011: Revenue of $30.3M, expenses of $13.3M, and assets of $129.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for J M Kaplan Fund Inc:
Data Sources and Methodology
This transparency report for J M Kaplan Fund 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.