Jon & Kathy Savitz Foundation
Jon & Kathy Savitz Foundation consistently spends more than its annual revenue, drawing from its $1.5M+ asset base.
EIN: 134052242 · Greenwich, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $64K |
| Total Expenses | $72K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Jon & Kathy Savitz Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jon & Kathy Savitz Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jon & Kathy Savitz Foundation
Jon & Kathy Savitz Foundation (EIN: 134052242) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T22. The organization reported total revenue of $64K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jon & Kathy Savitz Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jon & Kathy Savitz Foundation is a micro nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 59.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $72K |
| Surplus / Deficit | $-6,459 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 257.8 months |
Financial Health Grade: B
In 2023, Jon & Kathy Savitz Foundation reported a deficit of $6K with expenses exceeding revenue, holds 257.8 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), Jon & Kathy Savitz Foundation's revenue has grown at a compound annual growth rate (CAGR) of 59.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +464.1% | -20.1% | -0.4% |
| 2022 | -81.2% | +23.4% | -4.7% |
| 2021 | +558.7% | -40.2% | -0.7% |
| 2020 | -97.7% | +98.6% | -6.4% |
| 2019 | +476.9% | -46.2% | +13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Jon & Kathy Savitz Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Jon & Kathy Savitz Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation reports 0% officer compensation across all available filings, indicating that its leadership serves without direct salary from the organization. This is a positive sign for donor confidence and suggests a highly efficient use of funds, especially for an organization with over $1.5 million in assets.
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 Jon & Kathy Savitz Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Jon & Kathy Savitz Foundation:
- Substantial asset base of over $1.5 million, providing long-term financial stability.
- Zero officer compensation reported, indicating efficient use of funds and volunteer leadership.
- Consistent IRS 990 filing history, demonstrating strong transparency and compliance.
- Minimal liabilities, indicating a healthy balance sheet.
Frequently Asked Questions about Jon & Kathy Savitz Foundation
Is Jon & Kathy Savitz Foundation a legitimate charity?
Jon & Kathy Savitz Foundation (EIN: 134052242) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $64K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Jon & Kathy Savitz Foundation spend its money?
Jon & Kathy Savitz Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Jon & Kathy Savitz Foundation tax-deductible?
Jon & Kathy Savitz Foundation is registered as a tax-exempt nonprofit (EIN: 134052242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jon & Kathy Savitz Foundation CEO make?
Jon & Kathy Savitz Foundation's highest-compensated officer earns $1.5 annually. The organization reported $64K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Jon & Kathy Savitz Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Jon & Kathy Savitz Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jon & Kathy Savitz Foundation located?
Jon & Kathy Savitz Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 134052242. It is classified under NTEE code T22.
How many years of IRS 990 filings does Jon & Kathy Savitz Foundation have?
Jon & Kathy Savitz 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 $64K in total revenue.
Is the Jon & Kathy Savitz Foundation financially stable?
Yes, the foundation is financially stable, primarily due to its substantial asset base of over $1.5 million, which significantly exceeds its minimal liabilities. While it consistently spends more than its annual revenue, this is a common practice for private foundations that distribute funds from their endowment.
How does the foundation's spending compare to its revenue?
In most recent years, the foundation's expenses have exceeded its revenue. For example, in 2023, expenses were $71,637 against revenue of $65,178, and in 2022, expenses were $89,632 against revenue of $11,554. This indicates a strategy of distributing funds from its existing assets.
Does the foundation pay its officers?
No, the foundation has consistently reported 0% officer compensation across all available IRS 990 filings, indicating that its leadership is not compensated directly by the organization.
What is the primary function of this organization?
As a private grantmaking foundation (NTEE Code T22), its primary function is to make grants to other organizations or individuals to further its philanthropic mission, rather than directly operating programs.
Filing History
IRS 990 filing history for Jon & Kathy Savitz Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Jon & Kathy Savitz Foundation's revenue has grown by 27873.4%, moving from $233 to $65K. Total assets decreased by 10.7% over the same period, from $1.7M to $1.5M. Total functional expenses fell by 46.9%, from $135K to $72K. In its most recent filing year (2023), Jon & Kathy Savitz Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $72K | $1.5M | $1 | — | View 990 |
| 2022 | $12K | $90K | $1.5M | $1 | — | View 990 |
| 2021 | $61K | $73K | $1.6M | $1 | — | — |
| 2020 | $9K | $122K | $1.6M | $1 | — | — |
| 2019 | $405K | $61K | $1.7M | $1 | — | — |
| 2015 | $70K | $114K | $1.5M | $0 | — | View 990 |
| 2014 | $15K | $117K | $1.6M | $0 | — | View 990 |
| 2013 | $3K | $109K | $1.7M | $0 | — | View 990 |
| 2012 | $211K | $150K | $1.8M | $0 | — | View 990 |
| 2011 | $233 | $135K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $72K, and assets of $1.5M (revenue +464.1% year-over-year).
- 2022: Revenue of $12K, expenses of $90K, and assets of $1.5M (revenue -81.2% year-over-year).
- 2021: Revenue of $61K, expenses of $73K, and assets of $1.6M (revenue +558.7% year-over-year).
- 2020: Revenue of $9K, expenses of $122K, and assets of $1.6M (revenue -97.7% year-over-year).
- 2019: Revenue of $405K, expenses of $61K, and assets of $1.7M (revenue +476.9% year-over-year).
- 2015: Revenue of $70K, expenses of $114K, and assets of $1.5M (revenue +377.2% year-over-year).
- 2014: Revenue of $15K, expenses of $117K, and assets of $1.6M (revenue +441.9% year-over-year).
- 2013: Revenue of $3K, expenses of $109K, and assets of $1.7M (revenue -98.7% year-over-year).
- 2012: Revenue of $211K, expenses of $150K, and assets of $1.8M (revenue +90655.4% year-over-year).
- 2011: Revenue of $233, expenses of $135K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jon & Kathy Savitz Foundation:
Data Sources and Methodology
This transparency report for Jon & Kathy Savitz 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.