Keefe Family Foundation
Keefe Family Foundation maintains multi-million dollar assets with fluctuating revenue and no reported officer compensation.
EIN: 133520397 · Greenwich, CT · Updated: 2026-03-28
Is Keefe Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keefe Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Keefe Family Foundation
Keefe Family Foundation (EIN: 133520397) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $2.3M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keefe Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keefe Family Foundation is a mid-size nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $983K |
| Total Expenses | $972K |
| Surplus / Deficit | +$12K |
| Total Assets | $3.8M |
| Total Liabilities | $1 |
| Net Assets | $3.8M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 47.2 months |
Financial Health Grade: A
In 2023, Keefe Family Foundation reported a surplus of $12K with revenue exceeding expenses, holds 47.2 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), Keefe Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +83.0% | +25.3% | +0.1% |
| 2022 | +18.2% | +10.6% | -4.0% |
| 2021 | -31.6% | +7.2% | -9.8% |
| 2020 | +57.8% | +14.7% | +0.8% |
| 2019 | +67.8% | +16.2% | -12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Keefe Family 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Keefe Family Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Keefe Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and asset base, suggesting a volunteer-led or externally managed structure.
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 Keefe Family Foundation's IRS 990 filings:
- Lack of NTEE code makes specific mission assessment difficult
- Significant fluctuation in annual revenue, e.g., $537,301 in 2022 vs. $983,352 in 2023, and the latest reported revenue of $2,294,817 is not directly aligned with the most recent annual filing summary.
- Consistent 0% officer compensation is unusual for an organization with multi-million dollar assets, potentially indicating reliance on unpaid labor or external management without clear cost disclosure.
Strengths
The following positive indicators were identified for Keefe Family Foundation:
- Consistent multi-million dollar asset base, indicating financial stability.
- Long history of IRS 990 filings (10 filings), demonstrating transparency.
- Low liabilities across all reported periods (mostly $0 or $1), indicating strong financial health.
- No reported officer compensation, suggesting a lean approach to executive pay.
Frequently Asked Questions about Keefe Family Foundation
Is Keefe Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Keefe Family Foundation (EIN: 133520397) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Keefe Family Foundation spend its money?
Keefe Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Keefe Family Foundation tax-deductible?
Keefe Family Foundation is registered as a tax-exempt nonprofit (EIN: 133520397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary mission and grant-making focus of the Keefe Family Foundation?
Without an NTEE code or detailed program service expense breakdown, the specific mission and grant-making focus are not explicitly stated in the provided financial data. Private foundations typically support other charitable organizations or individuals.
How does the foundation manage its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation may be entirely volunteer-run, or its operational and administrative functions are handled by external, unpaid parties, or through other non-officer compensation mechanisms not detailed in the summary data.
What caused the significant increase in revenue to $2,294,817 in the latest period?
The provided data shows the 'Latest Revenue' as $2,294,817, which is significantly higher than the $983,352 reported for the 202312 period. This discrepancy suggests the 'Latest Revenue' figure might be from a different reporting period or includes other income not reflected in the annual filing summaries, or it represents a substantial one-time contribution or investment gain.
Filing History
IRS 990 filing history for Keefe Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Keefe Family Foundation's revenue has grown by 245.2%, moving from $285K to $983K. Total assets decreased by 28.3% over the same period, from $5.3M to $3.8M. Total functional expenses rose by 157.3%, from $378K to $972K. In its most recent filing year (2023), Keefe Family Foundation reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $983K | $972K | $3.8M | $1 | — | View 990 |
| 2022 | $537K | $776K | $3.8M | $1 | — | View 990 |
| 2021 | $455K | $702K | $4.0M | $1 | — | View 990 |
| 2020 | $664K | $655K | $4.4M | $1 | — | — |
| 2019 | $421K | $571K | $4.4M | $0 | — | View 990 |
| 2015 | $251K | $491K | $5.0M | $0 | — | View 990 |
| 2014 | $597K | $481K | $5.2M | $0 | — | View 990 |
| 2013 | $469K | $455K | $5.1M | $0 | — | View 990 |
| 2012 | $227K | $386K | $5.1M | $0 | — | View 990 |
| 2011 | $285K | $378K | $5.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $983K, expenses of $972K, and assets of $3.8M (revenue +83.0% year-over-year).
- 2022: Revenue of $537K, expenses of $776K, and assets of $3.8M (revenue +18.2% year-over-year).
- 2021: Revenue of $455K, expenses of $702K, and assets of $4.0M (revenue -31.6% year-over-year).
- 2020: Revenue of $664K, expenses of $655K, and assets of $4.4M (revenue +57.8% year-over-year).
- 2019: Revenue of $421K, expenses of $571K, and assets of $4.4M (revenue +67.8% year-over-year).
- 2015: Revenue of $251K, expenses of $491K, and assets of $5.0M (revenue -58.0% year-over-year).
- 2014: Revenue of $597K, expenses of $481K, and assets of $5.2M (revenue +27.3% year-over-year).
- 2013: Revenue of $469K, expenses of $455K, and assets of $5.1M (revenue +106.5% year-over-year).
- 2012: Revenue of $227K, expenses of $386K, and assets of $5.1M (revenue -20.3% year-over-year).
- 2011: Revenue of $285K, expenses of $378K, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keefe Family Foundation:
Data Sources and Methodology
This transparency report for Keefe 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.