Karsh Family Foundation
Karsh Family Foundation consistently reports 0% officer compensation and maintains strong asset growth.
EIN: 137147287 · Beverly Hills, CA · NTEE: T20 · Updated: 2026-03-28
Is Karsh Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Karsh Family Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Karsh Family Foundation
Karsh Family Foundation (EIN: 137147287) is a nonprofit organization based in Beverly Hills, CA, classified under NTEE code T20. The organization reported total revenue of $113.6M and total assets of $347.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karsh Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karsh Family Foundation is a major nonprofit that has been operating for 27 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42.3M |
| Total Expenses | $30.4M |
| Surplus / Deficit | +$11.9M |
| Total Assets | $336.1M |
| Total Liabilities | $2.8M |
| Net Assets | $333.3M |
| Operating Margin | 28.1% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 132.5 months |
Financial Health Grade: A
In 2023, Karsh Family Foundation reported a surplus of $11.9M with revenue exceeding expenses, holds 132.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Karsh Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.1% | -20.3% | +1.1% |
| 2022 | -30.4% | +31.2% | -0.9% |
| 2021 | +55.6% | -7.8% | +43.5% |
| 2020 | -46.9% | +24.6% | -0.1% |
| 2019 | +437.9% | +29.6% | +81.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Karsh Family Foundation with a Mission Score of 95 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, Karsh Family Foundation 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 surplus of $11.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size with assets exceeding $300 million.
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 Karsh Family Foundation's IRS 990 filings:
- Significant year-over-year revenue fluctuations, which could indicate reliance on unpredictable funding sources, though this is common for foundations receiving large, infrequent donations.
Strengths
The following positive indicators were identified for Karsh Family Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication of funds to programs.
- Strong asset growth over time, from $65 million in 2011 to over $336 million in 2023.
- Low liabilities relative to assets, demonstrating financial stability and prudent management.
- Generally manages expenses below revenue, contributing to financial health.
Frequently Asked Questions about Karsh Family Foundation
Is Karsh Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Karsh Family Foundation (EIN: 137147287) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Karsh Family Foundation spend its money?
Karsh Family Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Karsh Family Foundation tax-deductible?
Karsh Family Foundation is registered as a tax-exempt nonprofit (EIN: 137147287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Karsh Family Foundation a good charity?
Based on the available IRS 990 data, the Karsh Family Foundation appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. The foundation also maintains strong financial health with substantial assets and low liabilities.
How does Karsh Family Foundation manage its expenses?
The foundation generally manages its expenses effectively, often spending less than its revenue, which has contributed to significant asset growth over time. For instance, in 2023, revenue was $42,306,654 against expenses of $30,425,367.
What is the trend in Karsh Family Foundation's assets?
The Karsh Family Foundation has shown consistent and substantial asset growth, increasing from $65,029,246 in 2011 to $336,064,099 in 2023, demonstrating strong financial stewardship and accumulation of resources for its mission.
Filing History
IRS 990 filing history for Karsh Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Karsh Family Foundation's revenue has grown by 18.8%, moving from $35.6M to $42.3M. Total assets increased by 416.8% over the same period, from $65.0M to $336.1M. Total functional expenses rose by 160.3%, from $11.7M to $30.4M. In its most recent filing year (2023), Karsh Family Foundation reported a surplus of $11.9M, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $336.1M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $333.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42.3M | $30.4M | $336.1M | $2.8M | — | View 990 |
| 2022 | $32.3M | $38.2M | $332.6M | $1.7M | — | View 990 |
| 2021 | $46.3M | $29.1M | $335.6M | $2.4M | — | — |
| 2020 | $29.8M | $31.6M | $233.8M | $862K | — | View 990 |
| 2019 | $56.1M | $25.3M | $234.0M | $1.2M | — | — |
| 2015 | $10.4M | $19.5M | $129.1M | $583K | — | View 990 |
| 2014 | $87.2M | $19.6M | $134.8M | $1.2M | — | View 990 |
| 2013 | $26.8M | $11.1M | $84.9M | $556K | — | View 990 |
| 2012 | $26.1M | $15.6M | $67.3M | $126K | — | View 990 |
| 2011 | $35.6M | $11.7M | $65.0M | $210K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42.3M, expenses of $30.4M, and assets of $336.1M (revenue +31.1% year-over-year).
- 2022: Revenue of $32.3M, expenses of $38.2M, and assets of $332.6M (revenue -30.4% year-over-year).
- 2021: Revenue of $46.3M, expenses of $29.1M, and assets of $335.6M (revenue +55.6% year-over-year).
- 2020: Revenue of $29.8M, expenses of $31.6M, and assets of $233.8M (revenue -46.9% year-over-year).
- 2019: Revenue of $56.1M, expenses of $25.3M, and assets of $234.0M (revenue +437.9% year-over-year).
- 2015: Revenue of $10.4M, expenses of $19.5M, and assets of $129.1M (revenue -88.0% year-over-year).
- 2014: Revenue of $87.2M, expenses of $19.6M, and assets of $134.8M (revenue +224.7% year-over-year).
- 2013: Revenue of $26.8M, expenses of $11.1M, and assets of $84.9M (revenue +2.7% year-over-year).
- 2012: Revenue of $26.1M, expenses of $15.6M, and assets of $67.3M (revenue -26.6% year-over-year).
- 2011: Revenue of $35.6M, expenses of $11.7M, and assets of $65.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karsh Family Foundation:
Data Sources and Methodology
This transparency report for Karsh 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.