Jane And Leonard Korman Familyfoundation
Jane And Leonard Korman Familyfoundation consistently operates as a grant-making entity with no reported officer compensation.
EIN: 204253701 · Trevose, PA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.9M |
| Program Spending | 95% |
| Net Assets | $9.1M |
| Transparency Score | 90/100 |
Is Jane And Leonard Korman Familyfoundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jane And Leonard Korman Familyfoundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jane And Leonard Korman Familyfoundation
Jane And Leonard Korman Familyfoundation (EIN: 204253701) is a nonprofit organization based in Trevose, PA, classified under NTEE code T20. The organization reported total revenue of $3.2M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jane And Leonard Korman Familyfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jane And Leonard Korman Familyfoundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-52,123 |
| Total Assets | $9.1M |
| Total Liabilities | $1 |
| Net Assets | $9.1M |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 38.4 months |
Financial Health Grade: B
In 2023, Jane And Leonard Korman Familyfoundation reported a deficit of $52K with expenses exceeding revenue, holds 38.4 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), Jane And Leonard Korman Familyfoundation's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +119.9% | +188.0% | +4.8% |
| 2022 | -5.1% | -28.1% | +3.4% |
| 2021 | +75.7% | -39.4% | -0.4% |
| 2020 | -76.9% | +9.4% | -15.1% |
| 2019 | +32.0% | +8.1% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Jane And Leonard Korman Familyfoundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Jane And Leonard Korman Familyfoundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly efficient for a foundation of its size.
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.
Strengths
The following positive indicators were identified for Jane And Leonard Korman Familyfoundation:
- Zero officer compensation reported across all filings, indicating high operational efficiency.
- Consistently low liabilities, often reported as $1, demonstrating strong financial health.
- Long history of IRS 990 filings (10 filings), suggesting commitment to transparency.
- Substantial asset base (over $8 million consistently) provides financial stability for grant-making activities.
Frequently Asked Questions about Jane And Leonard Korman Familyfoundation
Is Jane And Leonard Korman Familyfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jane And Leonard Korman Familyfoundation (EIN: 204253701) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Jane And Leonard Korman Familyfoundation spend its money?
Jane And Leonard Korman Familyfoundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jane And Leonard Korman Familyfoundation tax-deductible?
Jane And Leonard Korman Familyfoundation is registered as a tax-exempt nonprofit (EIN: 204253701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Jane And Leonard Korman Familyfoundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Jane And Leonard Korman Familyfoundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jane And Leonard Korman Familyfoundation located?
Jane And Leonard Korman Familyfoundation is headquartered in Trevose, Pennsylvania and files with the IRS under EIN 204253701. It is classified under NTEE code T20.
How many years of IRS 990 filings does Jane And Leonard Korman Familyfoundation have?
Jane And Leonard Korman Familyfoundation 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 $3.2M in total revenue.
Is Jane And Leonard Korman Familyfoundation a good charity?
Based on the available IRS 990 data, the Jane And Leonard Korman Familyfoundation appears to be a highly efficient and transparent grant-making organization. It consistently reports 0% officer compensation and minimal liabilities, suggesting that nearly all its resources are directed towards its mission through grants.
How does the foundation manage its assets?
The foundation maintains substantial assets, ranging from $8.4 million to over $10.9 million over the past decade. These assets likely generate investment income, which contributes to its revenue and ability to make grants. For example, in 2023, assets were $9,146,038.
What is the trend in the foundation's revenue and expenses?
Revenue and expenses fluctuate significantly year-to-year. For instance, revenue was $3,302,155 in 2019 but dropped to $764,059 in 2020, then rebounded to $2,802,337 in 2023. This variability is common for foundations whose income is tied to investment performance and whose expenses are tied to grant distributions.
Filing History
IRS 990 filing history for Jane And Leonard Korman Familyfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jane And Leonard Korman Familyfoundation's revenue has grown by 438.7%, moving from $520K to $2.8M. Total assets decreased by 9.7% over the same period, from $10.1M to $9.1M. Total functional expenses rose by 238.2%, from $844K to $2.9M. In its most recent filing year (2023), Jane And Leonard Korman Familyfoundation reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.9M | $9.1M | $1 | — | — |
| 2022 | $1.3M | $991K | $8.7M | $1 | — | View 990 |
| 2021 | $1.3M | $1.4M | $8.4M | $1 | — | View 990 |
| 2020 | $764K | $2.3M | $8.5M | $1 | — | View 990 |
| 2019 | $3.3M | $2.1M | $10.0M | $1 | — | View 990 |
| 2015 | $2.5M | $1.9M | $10.4M | $1 | — | View 990 |
| 2014 | $1.3M | $1.7M | $9.8M | $1 | — | View 990 |
| 2013 | $1.2M | $1.8M | $10.3M | $2K | — | View 990 |
| 2012 | $1.5M | $749K | $10.9M | $15K | — | View 990 |
| 2011 | $520K | $844K | $10.1M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.9M, and assets of $9.1M (revenue +119.9% year-over-year).
- 2022: Revenue of $1.3M, expenses of $991K, and assets of $8.7M (revenue -5.1% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.4M, and assets of $8.4M (revenue +75.7% year-over-year).
- 2020: Revenue of $764K, expenses of $2.3M, and assets of $8.5M (revenue -76.9% year-over-year).
- 2019: Revenue of $3.3M, expenses of $2.1M, and assets of $10.0M (revenue +32.0% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.9M, and assets of $10.4M (revenue +98.9% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.7M, and assets of $9.8M (revenue +3.9% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.8M, and assets of $10.3M (revenue -19.6% year-over-year).
- 2012: Revenue of $1.5M, expenses of $749K, and assets of $10.9M (revenue +189.6% year-over-year).
- 2011: Revenue of $520K, expenses of $844K, and assets of $10.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jane And Leonard Korman Familyfoundation:
Data Sources and Methodology
This transparency report for Jane And Leonard Korman Familyfoundation 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.