Kanarek Family Foundation
Kanarek Family Foundation experiences significant revenue and asset growth with zero executive compensation.
EIN: 205841285 · Greenwich, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $727K |
| Total Expenses | $295K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is Kanarek Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kanarek Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kanarek Family Foundation
Kanarek Family Foundation (EIN: 205841285) is a nonprofit organization based in Greenwich, CT, classified under NTEE code T20. The organization reported total revenue of $727K and total assets of $959K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kanarek Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kanarek Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 31.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $295K |
| Surplus / Deficit | +$758K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 72.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.6 months |
Financial Health Grade: A
In 2024, Kanarek Family Foundation reported a surplus of $758K with revenue exceeding expenses, holds 50.6 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 (2012–2024), Kanarek Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 31.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +98.0% | -20.2% | +156.2% |
| 2023 | +416.3% | +1525.4% | +50.1% |
| 2022 | +356.5% | -87.5% | +33.0% |
| 2021 | +84.3% | -3.2% | -39.6% |
| 2020 | +1223600.0% | +100.6% | +1061.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Kanarek Family Foundation with a Mission Score of 92 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: 90%
- fundraising: 5%
According to IRS 990 filings, Kanarek Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $758K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Kanarek Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and growing asset base.
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 Kanarek Family Foundation:
- Consistent zero officer compensation, indicating high efficiency in directing funds to mission.
- Significant growth in assets, from $17,146 in 2012 to $1,243,002 in 2024, enhancing long-term financial stability.
- Strong revenue growth in recent periods, particularly from $22,554 in 2021 to $1,052,767 in 2024.
- Minimal liabilities ($1 across most periods), demonstrating sound financial management.
- Consistent IRS 990 filing history over a decade, indicating good transparency.
Frequently Asked Questions about Kanarek Family Foundation
Is Kanarek Family Foundation a legitimate charity?
Kanarek Family Foundation (EIN: 205841285) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $727K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Kanarek Family Foundation spend its money?
Kanarek Family Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kanarek Family Foundation tax-deductible?
Kanarek Family Foundation is registered as a tax-exempt nonprofit (EIN: 205841285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kanarek Family Foundation's spending goes to programs?
Kanarek Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kanarek Family Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Kanarek Family Foundation 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 Kanarek Family Foundation located?
Kanarek Family Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 205841285. It is classified under NTEE code T20.
How many years of IRS 990 filings does Kanarek Family Foundation have?
Kanarek Family 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 $727K in total revenue.
How does the Kanarek Family Foundation manage to operate with zero officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership roles may be filled by volunteers or compensated through other means not reported as officer compensation on the 990, or that the foundation operates with minimal paid staff at the executive level.
What is the primary use of the Kanarek Family Foundation's growing assets?
While the specific programs funded are not detailed in the provided financial summary, the significant growth in assets from $17,146 in 2012 to $1,243,002 in 2024 suggests a strategy of endowment building or accumulating funds for future grantmaking and programmatic activities.
Is the Kanarek Family Foundation's revenue growth sustainable?
The revenue has shown considerable volatility, with a peak of over $1 million in 2024 after a low of $12,237 in 2020. While the recent growth is impressive, its sustainability would depend on the nature of its funding sources (e.g., recurring donations, investment returns, specific grants).
Filing History
IRS 990 filing history for Kanarek Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Kanarek Family Foundation's revenue has grown by 2531.9%, moving from $40K to $1.1M. Total assets increased by 7149.5% over the same period, from $17K to $1.2M. Total functional expenses rose by 777.8%, from $34K to $295K. In its most recent filing year (2024), Kanarek Family Foundation reported a surplus of $758K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $295K | $1.2M | $1 | — | View 990 |
| 2023 | $532K | $370K | $485K | $1 | — | View 990 |
| 2022 | $103K | $23K | $323K | $1 | — | View 990 |
| 2021 | $23K | $182K | $243K | $1 | — | — |
| 2020 | $12K | $188K | $403K | $1 | — | View 990 |
| 2016 | $1 | $94K | $35K | $1 | — | View 990 |
| 2015 | $205K | $116K | $128K | $1 | — | View 990 |
| 2014 | $146K | $135K | $39K | $1 | — | View 990 |
| 2013 | $100K | $89K | $27K | $1 | — | View 990 |
| 2012 | $40K | $34K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $295K, and assets of $1.2M (revenue +98.0% year-over-year).
- 2023: Revenue of $532K, expenses of $370K, and assets of $485K (revenue +416.3% year-over-year).
- 2022: Revenue of $103K, expenses of $23K, and assets of $323K (revenue +356.5% year-over-year).
- 2021: Revenue of $23K, expenses of $182K, and assets of $243K (revenue +84.3% year-over-year).
- 2020: Revenue of $12K, expenses of $188K, and assets of $403K (revenue +1223600.0% year-over-year).
- 2016: Revenue of $1, expenses of $94K, and assets of $35K (revenue -100.0% year-over-year).
- 2015: Revenue of $205K, expenses of $116K, and assets of $128K (revenue +40.3% year-over-year).
- 2014: Revenue of $146K, expenses of $135K, and assets of $39K (revenue +46.9% year-over-year).
- 2013: Revenue of $100K, expenses of $89K, and assets of $27K (revenue +148.8% year-over-year).
- 2012: Revenue of $40K, expenses of $34K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kanarek Family Foundation:
Data Sources and Methodology
This transparency report for Kanarek Family 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.