Kaleida Health Foundation
Kaleida Health Foundation consistently spends more than it earns, drawing down on its substantial asset base.
EIN: 161579143 · Buffalo, NY · NTEE: E112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $6.2M |
| Program Spending | 80% |
| Net Assets | $24.1M |
| Transparency Score | 75/100 |
Is Kaleida Health Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kaleida Health Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kaleida Health Foundation
Kaleida Health Foundation (EIN: 161579143) is a nonprofit organization based in Buffalo, NY, classified under NTEE code E112. The organization reported total revenue of $6.5M and total assets of $32.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kaleida Health Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kaleida Health Foundation is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $6.2M |
| Surplus / Deficit | $-4,467,736 |
| Total Assets | $41.1M |
| Total Liabilities | $17.0M |
| Net Assets | $24.1M |
| Operating Margin | -265.6% |
| Debt-to-Asset Ratio | 41.4% |
| Months of Reserves | 80.3 months |
Financial Health Grade: B
In 2023, Kaleida Health Foundation reported a deficit of $4.5M with expenses exceeding revenue, holds 80.3 months of operating reserves (strong position), has a debt-to-asset ratio of 41.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Kaleida Health Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.0% | -29.9% | -7.5% |
| 2022 | -36.0% | -26.2% | -13.9% |
| 2021 | +58.8% | +42.9% | +12.2% |
| 2020 | -42.6% | -24.7% | -0.9% |
| 2019 | +9.7% | +23.4% | -3.1% |
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 Kaleida Health Foundation with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kaleida Health Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $4.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the foundation, which is highly favorable for donor confidence and transparency.
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 Kaleida Health Foundation's IRS 990 filings:
- Consistent deficit spending (expenses significantly exceeding revenue) in recent years, e.g., $6.1M expenses vs. $1.6M revenue in 2023.
- Declining asset base from $60.7M in 2014 to $41.1M in 2023, indicating a draw-down on reserves.
- Increasing liabilities, reaching $17.0M in 2023, which is a substantial increase from previous years.
Strengths
The following positive indicators were identified for Kaleida Health Foundation:
- Substantial asset base of $41.1M in 2023, providing a buffer despite deficit spending.
- Consistent reporting of 0% officer compensation, indicating high transparency regarding executive pay.
- Long filing history (14 filings), suggesting established operations and compliance.
Frequently Asked Questions about Kaleida Health Foundation
Is Kaleida Health Foundation a legitimate charity?
Kaleida Health Foundation (EIN: 161579143) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $6.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Kaleida Health Foundation spend its money?
Kaleida Health Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kaleida Health Foundation tax-deductible?
Kaleida Health Foundation is registered as a tax-exempt nonprofit (EIN: 161579143). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kaleida Health Foundation's spending goes to programs?
Kaleida Health Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kaleida Health Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Kaleida Health Foundation is above average for NTEE category E112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kaleida Health Foundation located?
Kaleida Health Foundation is headquartered in Buffalo, New York and files with the IRS under EIN 161579143. It is classified under NTEE code E112.
How many years of IRS 990 filings does Kaleida Health Foundation have?
Kaleida Health Foundation has 14 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 $6.5M in total revenue.
Is Kaleida Health Foundation financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than its revenue in recent years (e.g., $6.1M expenses vs. $1.6M revenue in 2023). While it has substantial assets ($41.1M in 2023), these have been declining from a peak of $60.7M in 2014, suggesting a reliance on drawing down reserves. This trend raises questions about long-term financial sustainability without a shift in revenue generation or expense management.
What is the primary source of funding for Kaleida Health Foundation?
Based on the consistent revenue figures, which fluctuate but are generally lower than expenses, the foundation likely relies on a mix of contributions, grants, and investment income. The significant asset base suggests that investment returns may play a crucial role in supplementing operational funding, especially given the deficit spending.
How does Kaleida Health Foundation manage its liabilities?
Liabilities have shown an increasing trend in recent years, reaching $17,023,929 in 2023, up from $1,666,832 in 2019. This increase in liabilities, alongside declining assets, warrants further investigation into the nature of these liabilities and their impact on the foundation's financial health.
Filing History
IRS 990 filing history for Kaleida Health Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Kaleida Health Foundation's revenue has declined by 55.5%, moving from $3.8M to $1.7M. Total assets decreased by 19.7% over the same period, from $51.2M to $41.1M. Total functional expenses fell by 38.4%, from $10.0M to $6.2M. In its most recent filing year (2023), Kaleida Health Foundation reported a deficit of $4.5M, with expenses exceeding revenue. The organization holds $17.0M in liabilities against $41.1M in assets (debt-to-asset ratio: 41.4%), resulting in net assets of $24.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $6.2M | $41.1M | $17.0M | — | — |
| 2022 | $4.4M | $8.8M | $44.5M | $16.6M | — | View 990 |
| 2021 | $6.9M | $11.9M | $51.6M | $12.1M | — | View 990 |
| 2020 | $4.4M | $8.3M | $46.0M | $4.8M | — | View 990 |
| 2019 | $7.6M | $11.1M | $46.4M | $1.7M | — | View 990 |
| 2018 | $6.9M | $9.0M | $47.9M | $2.0M | — | View 990 |
| 2017 | $4.4M | $6.1M | $56.5M | $1.4M | — | View 990 |
| 2016 | $4.8M | $3.7M | $52.5M | $1.4M | — | View 990 |
| 2015 | $10.6M | $17.2M | $51.2M | $1.3M | — | View 990 |
| 2014 | $5.5M | $3.3M | $60.7M | $1.6M | — | View 990 |
| 2013 | $2.7M | $2.1M | $58.2M | $796K | — | View 990 |
| 2012 | $3.9M | $3.1M | $54.7M | $563K | — | View 990 |
| 2011 | $6.6M | $3.7M | $51.6M | $2.0M | — | View 990 |
| 2010 | $3.8M | $10.0M | $51.2M | $863K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $6.2M, and assets of $41.1M (revenue -62.0% year-over-year).
- 2022: Revenue of $4.4M, expenses of $8.8M, and assets of $44.5M (revenue -36.0% year-over-year).
- 2021: Revenue of $6.9M, expenses of $11.9M, and assets of $51.6M (revenue +58.8% year-over-year).
- 2020: Revenue of $4.4M, expenses of $8.3M, and assets of $46.0M (revenue -42.6% year-over-year).
- 2019: Revenue of $7.6M, expenses of $11.1M, and assets of $46.4M (revenue +9.7% year-over-year).
- 2018: Revenue of $6.9M, expenses of $9.0M, and assets of $47.9M (revenue +56.6% year-over-year).
- 2017: Revenue of $4.4M, expenses of $6.1M, and assets of $56.5M (revenue -8.9% year-over-year).
- 2016: Revenue of $4.8M, expenses of $3.7M, and assets of $52.5M (revenue -54.3% year-over-year).
- 2015: Revenue of $10.6M, expenses of $17.2M, and assets of $51.2M (revenue +94.0% year-over-year).
- 2014: Revenue of $5.5M, expenses of $3.3M, and assets of $60.7M (revenue +101.1% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.1M, and assets of $58.2M (revenue -29.3% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.1M, and assets of $54.7M (revenue -41.8% year-over-year).
- 2011: Revenue of $6.6M, expenses of $3.7M, and assets of $51.6M (revenue +74.8% year-over-year).
- 2010: Revenue of $3.8M, expenses of $10.0M, and assets of $51.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kaleida Health Foundation:
Data Sources and Methodology
This transparency report for Kaleida Health 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.