Katz Family Foundation Inc
Katz Family Foundation consistently spends more than it earns, relying on its $1.5M asset base.
EIN: 203957834 · Westport, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $734K |
| Total Expenses | $104K |
| Program Spending | 80% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Katz Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Katz Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Katz Family Foundation Inc
Katz Family Foundation Inc (EIN: 203957834) is a nonprofit organization based in Westport, CT, classified under NTEE code T22. The organization reported total revenue of $734K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Katz Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Katz Family Foundation Inc is a small 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 -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $104K |
| Surplus / Deficit | $-54,410 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -109.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 184.5 months |
Financial Health Grade: B
In 2023, Katz Family Foundation Inc reported a deficit of $54K with expenses exceeding revenue, holds 184.5 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), Katz Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.1% | -21.9% | -3.3% |
| 2022 | -53.6% | +110.0% | -3.4% |
| 2021 | +58.9% | -15.6% | +5.7% |
| 2020 | +11.4% | -18.4% | +1.4% |
| 2019 | -45.9% | -27.0% | -5.8% |
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 Katz Family Foundation Inc 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, Katz Family Foundation Inc 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 $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's officers are either unpaid volunteers or receive no reportable compensation, which is a strong positive for financial efficiency.
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 Katz Family Foundation Inc's IRS 990 filings:
- Consistent negative net income in recent years (e.g., 2023 revenue $49,657 vs. expenses $104,067)
- Reliance on asset base to cover operational deficits
Strengths
The following positive indicators were identified for Katz Family Foundation Inc:
- Strong and stable asset base (consistently above $1.4 million)
- Consistent 0% officer compensation, indicating high efficiency at the leadership level
- Excellent transparency with 10 years of consistent IRS 990 filings
- Minimal liabilities ($1 across all reported periods)
Frequently Asked Questions about Katz Family Foundation Inc
Is Katz Family Foundation Inc a legitimate charity?
Katz Family Foundation Inc (EIN: 203957834) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $734K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Katz Family Foundation Inc spend its money?
Katz Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Katz Family Foundation Inc tax-deductible?
Katz Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203957834). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Katz Family Foundation Inc's spending goes to programs?
Katz Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Katz Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Katz Family Foundation Inc 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 Katz Family Foundation Inc located?
Katz Family Foundation Inc is headquartered in Westport, Connecticut and files with the IRS under EIN 203957834. It is classified under NTEE code T22.
How many years of IRS 990 filings does Katz Family Foundation Inc have?
Katz Family Foundation Inc 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 $734K in total revenue.
Is Katz Family Foundation Inc. financially sustainable in the long term?
While the foundation has a substantial asset base of $1,599,910 (2023), it has consistently reported expenses exceeding revenue in recent years (e.g., $104,067 expenses vs. $49,657 revenue in 2023). This trend, if continued, could gradually erode its assets, raising questions about long-term sustainability without increased revenue or reduced spending.
How does the foundation manage its expenses given the negative net income trend?
The foundation appears to be covering its operational deficits by drawing from its existing asset base. For example, in 2023, the $54,410 deficit ($49,657 revenue - $104,067 expenses) was absorbed, leading to a slight decrease in assets from $1,655,035 in 2022 to $1,599,910 in 2023.
What is the impact of 0% officer compensation on the organization?
The consistent 0% officer compensation across all filings is a significant strength, indicating that a very high proportion of funds, after administrative costs, can be directed towards the foundation's mission, rather than executive salaries. This suggests a highly dedicated, possibly volunteer, leadership.
Filing History
IRS 990 filing history for Katz Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Katz Family Foundation Inc's revenue has declined by 52.9%, moving from $105K to $50K. Total assets decreased by 0.5% over the same period, from $1.6M to $1.6M. Total functional expenses rose by 21.1%, from $86K to $104K. In its most recent filing year (2023), Katz Family Foundation Inc reported a deficit of $54K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $104K | $1.6M | $1 | — | — |
| 2022 | $72K | $133K | $1.7M | $1 | — | View 990 |
| 2021 | $155K | $63K | $1.7M | $1 | — | — |
| 2020 | $98K | $75K | $1.6M | $1 | — | View 990 |
| 2019 | $88K | $92K | $1.6M | $1 | — | View 990 |
| 2015 | $162K | $126K | $1.7M | $1 | — | View 990 |
| 2014 | $182K | $118K | $1.7M | $1 | — | View 990 |
| 2013 | $127K | $111K | $1.6M | $1 | — | View 990 |
| 2012 | $91K | $117K | $1.6M | $1 | — | View 990 |
| 2011 | $105K | $86K | $1.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $104K, and assets of $1.6M (revenue -31.1% year-over-year).
- 2022: Revenue of $72K, expenses of $133K, and assets of $1.7M (revenue -53.6% year-over-year).
- 2021: Revenue of $155K, expenses of $63K, and assets of $1.7M (revenue +58.9% year-over-year).
- 2020: Revenue of $98K, expenses of $75K, and assets of $1.6M (revenue +11.4% year-over-year).
- 2019: Revenue of $88K, expenses of $92K, and assets of $1.6M (revenue -45.9% year-over-year).
- 2015: Revenue of $162K, expenses of $126K, and assets of $1.7M (revenue -10.9% year-over-year).
- 2014: Revenue of $182K, expenses of $118K, and assets of $1.7M (revenue +43.1% year-over-year).
- 2013: Revenue of $127K, expenses of $111K, and assets of $1.6M (revenue +40.6% year-over-year).
- 2012: Revenue of $91K, expenses of $117K, and assets of $1.6M (revenue -14.1% year-over-year).
- 2011: Revenue of $105K, expenses of $86K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Katz Family Foundation Inc:
Data Sources and Methodology
This transparency report for Katz Family Foundation Inc 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.