Keshet Foundation
Keshet Foundation shows inconsistent financial performance with frequent deficits and no reported officer compensation.
EIN: 137132997 · West Palm Bch, FL · NTEE: T22Z · Updated: 2026-03-28
Is Keshet Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keshet Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Keshet Foundation
Keshet Foundation (EIN: 137132997) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code T22Z. The organization reported total revenue of $1.6M and total assets of $606K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keshet Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keshet 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 -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $950K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-208,067 |
| Total Assets | $120K |
| Total Liabilities | $1 |
| Net Assets | $120K |
| Operating Margin | -21.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2023, Keshet Foundation reported a deficit of $208K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Keshet Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.7% | +139.3% | -63.5% |
| 2022 | -42.3% | -72.3% | +430.9% |
| 2021 | -53.6% | -30.7% | -88.0% |
| 2020 | +249.9% | +72.7% | +93.5% |
| 2019 | -46.6% | +4.9% | +25.9% |
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 Keshet Foundation with a Mission Score of 65 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, Keshet Foundation 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 $208K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Keshet 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 revenue.
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 Keshet Foundation's IRS 990 filings:
- Frequent operating deficits, with expenses exceeding revenue in multiple years (e.g., 2023, 2021, 2019).
- Highly inconsistent revenue streams, fluctuating from $2.8M in 2020 to $0.75M in 2022.
- Volatile asset base, indicating potential instability in financial reserves (e.g., $61,724 in 2021 vs. $515,629 in 2020).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering precise efficiency analysis.
- Unusually consistent 0% officer compensation for an organization with multi-million dollar revenues, which warrants further scrutiny.
Strengths
The following positive indicators were identified for Keshet Foundation:
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards the mission.
- Ability to generate significant revenue in certain years, demonstrating fundraising capacity.
- Low reported liabilities in recent years (e.g., $1 in 2023 and 2022), indicating improved short-term financial health.
- Long filing history (10 filings), suggesting established operations.
Frequently Asked Questions about Keshet Foundation
Is Keshet Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Keshet Foundation (EIN: 137132997) some concerns. Mission Score: 65/100. 5 red flags identified, 4 strengths noted.
How does Keshet Foundation spend its money?
Keshet Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Keshet Foundation tax-deductible?
Keshet Foundation is registered as a tax-exempt nonprofit (EIN: 137132997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Keshet Foundation a good charity?
Keshet Foundation demonstrates a strong commitment to its mission by reporting 0% officer compensation, suggesting resources are directed to programs. However, its financial stability is a concern due to frequent deficits and highly fluctuating revenue and assets, making it difficult to assess long-term viability without more detailed financial statements.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with revenues exceeding $1 million in many years. This could indicate that officers are volunteers, compensated through other means not reported as 'officer compensation' on the 990, or that the organization has a unique operational structure. Further investigation into their governance and compensation policies would be needed.
What caused the significant revenue fluctuations?
Revenue has varied dramatically, from $2,800,072 in 2020 to $750,027 in 2022. Such large swings could be due to reliance on a few large grants, inconsistent fundraising efforts, or external factors impacting donor contributions. Understanding the sources of revenue and their stability is crucial.
How does the organization manage its liabilities?
Liabilities have fluctuated significantly, from $1 in recent years to $508,139 in 2013 and 2014. While recent filings show very low liabilities, the historical data suggests periods where the organization carried substantial debt relative to its assets, which could indicate past financial strain or specific project financing.
What is the actual program spending ratio?
Without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, it's impossible to determine the exact program spending ratio. The estimated breakdown is based on the general expectation for nonprofits with no officer compensation, but actual figures from the 990 would be necessary for a precise assessment.
Filing History
IRS 990 filing history for Keshet Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Keshet Foundation's revenue has declined by 57.2%, moving from $2.2M to $950K. Total assets decreased by 30.2% over the same period, from $171K to $120K. Total functional expenses fell by 44.9%, from $2.1M to $1.2M. In its most recent filing year (2023), Keshet Foundation reported a deficit of $208K, with expenses exceeding revenue. The organization holds $1 in liabilities against $120K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $120K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $950K | $1.2M | $120K | $1 | — | View 990 |
| 2022 | $750K | $484K | $328K | $1 | — | View 990 |
| 2021 | $1.3M | $1.7M | $62K | $1 | — | View 990 |
| 2020 | $2.8M | $2.5M | $516K | $7K | — | — |
| 2019 | $800K | $1.5M | $266K | $37K | — | View 990 |
| 2015 | $1.5M | $1.4M | $212K | $329K | — | View 990 |
| 2014 | $1.2M | $1.2M | $282K | $508K | — | View 990 |
| 2013 | $2.5M | $2.4M | $312K | $508K | — | View 990 |
| 2012 | $1.7M | $2.1M | $193K | $508K | — | View 990 |
| 2011 | $2.2M | $2.1M | $171K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $950K, expenses of $1.2M, and assets of $120K (revenue +26.7% year-over-year).
- 2022: Revenue of $750K, expenses of $484K, and assets of $328K (revenue -42.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.7M, and assets of $62K (revenue -53.6% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.5M, and assets of $516K (revenue +249.9% year-over-year).
- 2019: Revenue of $800K, expenses of $1.5M, and assets of $266K (revenue -46.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $212K (revenue +27.4% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $282K (revenue -52.7% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $312K (revenue +46.1% year-over-year).
- 2012: Revenue of $1.7M, expenses of $2.1M, and assets of $193K (revenue -23.3% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.1M, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keshet Foundation:
Data Sources and Methodology
This transparency report for Keshet 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.