Keren Ish Foundation
Keren Ish Foundation consistently reports low expenses relative to revenue, leading to significant asset accumulation.
EIN: 137171843 · Brooklyn, NY · NTEE: T20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $457K |
| Program Spending | 60% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.8M |
| Transparency Score | 55/100 |
Is Keren Ish Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keren Ish Foundation directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Keren Ish Foundation
Keren Ish Foundation (EIN: 137171843) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code T20Z. The organization reported total revenue of $3.0M and total assets of $13.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keren Ish Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keren Ish Foundation is a mid-size nonprofit that has been operating for 28 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $929K |
| Total Expenses | $457K |
| Surplus / Deficit | +$472K |
| Total Assets | $10.8M |
| Total Liabilities | $1 |
| Net Assets | $10.8M |
| Operating Margin | 50.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 284.5 months |
Financial Health Grade: A
In 2023, Keren Ish Foundation reported a surplus of $472K with revenue exceeding expenses, holds 284.5 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), Keren Ish Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.1% | +65.1% | +19.2% |
| 2022 | +59.9% | +31.8% | -6.8% |
| 2021 | -68.0% | +253.1% | +10.7% |
| 2020 | +157.4% | -80.3% | +25.2% |
| 2019 | -17.1% | -70.1% | +91.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Keren Ish Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Keren Ish Foundation allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $472K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with over $10 million in assets and millions in annual revenue, suggesting that executive services may be provided pro bono, by related entities, or are not reported as direct compensation.
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 Keren Ish Foundation's IRS 990 filings:
- Consistently low expense ratio relative to revenue, raising questions about programmatic spending efficiency.
- 0% officer compensation reported across all filings, which is unusual for an organization of this size and asset base.
- Significant asset accumulation without clear corresponding programmatic expenditures.
- Consistent reporting of $1 in liabilities, which may indicate simplified reporting or specific financial structures.
Strengths
The following positive indicators were identified for Keren Ish Foundation:
- Strong financial stability with substantial and growing assets, reaching $10,831,286 in 2023.
- Consistent revenue generation, with latest reported revenue at $3,045,822.
- Low reported liabilities ($1 across all filings) indicates minimal debt.
Frequently Asked Questions about Keren Ish Foundation
Is Keren Ish Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Keren Ish Foundation (EIN: 137171843) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Keren Ish Foundation spend its money?
Keren Ish Foundation directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Keren Ish Foundation tax-deductible?
Keren Ish Foundation is registered as a tax-exempt nonprofit (EIN: 137171843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Keren Ish Foundation CEO make?
Keren Ish Foundation's highest-compensated officer earns $10 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Keren Ish Foundation's spending goes to programs?
Keren Ish Foundation directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Keren Ish Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Keren Ish Foundation is near average for NTEE category T20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Keren Ish Foundation located?
Keren Ish Foundation is headquartered in Brooklyn, New York and files with the IRS under EIN 137171843. It is classified under NTEE code T20Z.
How many years of IRS 990 filings does Keren Ish Foundation have?
Keren Ish 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 $3.0M in total revenue.
Why are expenses consistently so low compared to revenue?
The filings show a consistent trend of expenses being significantly lower than revenue, for example, $456,875 in expenses against $929,253 in revenue in 2023. This leads to substantial asset growth but raises questions about the extent of direct programmatic spending.
What specific programs or grants does Keren Ish Foundation fund?
The provided data does not detail specific programs or grants. The NTEE code T20Z suggests activities related to Jewish Federations & Allied Organizations, but the low expense figures warrant further inquiry into the nature of their charitable activities.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is notable for an organization of this size. This could indicate pro bono leadership, compensation through related entities, or other arrangements not detailed in the standard compensation section of the 990.
What is the purpose of the significant asset accumulation?
Assets have grown from $2,980,309 in 2011 to $10,831,286 in 2023. While building an endowment can be a valid strategy, the rate of accumulation relative to spending suggests a focus on long-term growth rather than immediate programmatic deployment.
Filing History
IRS 990 filing history for Keren Ish Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Keren Ish Foundation's revenue has grown by 6.6%, moving from $872K to $929K. Total assets increased by 263.4% over the same period, from $3.0M to $10.8M. Total functional expenses fell by 31.3%, from $665K to $457K. In its most recent filing year (2023), Keren Ish Foundation reported a surplus of $472K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $929K | $457K | $10.8M | $1 | — | — |
| 2022 | $1.2M | $277K | $9.1M | $1 | — | View 990 |
| 2021 | $756K | $210K | $9.8M | $1 | — | View 990 |
| 2020 | $2.4M | $59K | $8.8M | $1 | — | — |
| 2019 | $917K | $301K | $7.0M | $1 | — | View 990 |
| 2015 | $1.1M | $1.0M | $3.7M | $1 | — | View 990 |
| 2014 | $972K | $585K | $3.6M | $1 | — | View 990 |
| 2013 | $663K | $405K | $3.2M | $1 | — | View 990 |
| 2012 | $497K | $550K | $2.9M | $1 | — | View 990 |
| 2011 | $872K | $665K | $3.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $929K, expenses of $457K, and assets of $10.8M (revenue -23.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $277K, and assets of $9.1M (revenue +59.9% year-over-year).
- 2021: Revenue of $756K, expenses of $210K, and assets of $9.8M (revenue -68.0% year-over-year).
- 2020: Revenue of $2.4M, expenses of $59K, and assets of $8.8M (revenue +157.4% year-over-year).
- 2019: Revenue of $917K, expenses of $301K, and assets of $7.0M (revenue -17.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $3.7M (revenue +13.8% year-over-year).
- 2014: Revenue of $972K, expenses of $585K, and assets of $3.6M (revenue +46.6% year-over-year).
- 2013: Revenue of $663K, expenses of $405K, and assets of $3.2M (revenue +33.3% year-over-year).
- 2012: Revenue of $497K, expenses of $550K, and assets of $2.9M (revenue -42.9% year-over-year).
- 2011: Revenue of $872K, expenses of $665K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keren Ish Foundation:
Data Sources and Methodology
This transparency report for Keren Ish 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.