Key Food Stores Foundation Inc

Key Food Stores Foundation Inc. shows consistent revenue generation with 0% officer compensation, though recent expenses exceeded revenue.

EIN: 116035538 · Matawan, NJ · Updated: 2026-03-28

$1.3MRevenue

$568KAssets

85/100Mission Score (Excellent)

About Key Food Stores Foundation Inc

Key Food Stores Foundation Inc (EIN: 116035538) is a nonprofit organization based in Matawan, NJ. The organization reported total revenue of $1.3M and total assets of $568K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Key Food Stores Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Key Food Stores Foundation Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses in most recent years, indicating a stable operational model. For instance, in 202208, revenue was $1,129,633 against expenses of $1,087,913. However, the latest filing for 202308 shows expenses ($1,323,251) exceeding revenue ($1,196,947), resulting in a deficit for that period. The organization's assets have fluctuated, reaching a high of $905,174 in 202208 before decreasing to $763,495 in 202308, suggesting some draw on reserves or investment changes.

The foundation's financial health appears generally sound, with a history of managing its finances effectively over the past decade, showing significant growth in revenue and assets since 2011. A key strength is the reported 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. This practice enhances its spending efficiency and transparency, as a larger proportion of funds can be allocated to programs.

While specific program spending percentages are not detailed in the provided data, the absence of officer compensation is a positive indicator of efficient resource allocation. The foundation's consistent filing history also points to a commitment to transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The recent deficit in 202308 warrants monitoring to ensure it's an anomaly rather than a trend.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Key Food Stores Foundation Inc 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Key Food Stores Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly commendable for an organization of its size with over $1 million in annual 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 Key Food Stores Foundation Inc's IRS 990 filings:

Expenses exceeded revenue in the latest 202308 filing ($1,323,251 vs $1,196,947).

Strengths

The following positive indicators were identified for Key Food Stores Foundation Inc:

Consistent 0% officer compensation across all filings.
Significant growth in revenue and assets over the past decade.
History of consistent IRS 990 filings, indicating transparency.
Generally stable financial operations with revenues often exceeding expenses.

Frequently Asked Questions about Key Food Stores Foundation Inc

Is Key Food Stores Foundation Inc. financially stable?

Generally, yes. While the 202308 filing shows expenses ($1,323,251) exceeding revenue ($1,196,947), the organization has a history of positive net income and substantial assets ($763,495 in 202308) to cover short-term deficits.

How does Key Food Stores Foundation Inc. manage executive compensation?

The foundation reports 0% officer compensation in all available filings, indicating a strong commitment to directing all funds towards its charitable activities rather than executive salaries.

Has the foundation's financial health improved over time?

Yes, significantly. Revenue has grown from $333,595 in 201108 to $1,196,947 in 202308, and assets have increased from $281,736 to $763,495 over the same period, demonstrating substantial growth and increased capacity.

Filing History

IRS 990 filing history for Key Food Stores Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Key Food Stores Foundation Inc's revenue has grown by 258.8%, moving from $334K to $1.2M. Total assets increased by 171% over the same period, from $282K to $763K. Total functional expenses rose by 253.8%, from $374K to $1.3M. In its most recent filing year (2023), Key Food Stores Foundation Inc reported a deficit of $126K, with expenses exceeding revenue. The organization holds $1 in liabilities against $763K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $763K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$1.3M	$763K	$1	—	—
2022	$1.1M	$1.1M	$905K	$15K	—	View 990
2021	$1.2M	$1.1M	$848K	$1	—	View 990
2020	$764K	$736K	$784K	$19K	—	View 990
2019	$1.5M	$1.4M	$777K	$39K	—	View 990
2015	$545K	$471K	$306K	$10K	—	View 990
2014	$424K	$366K	$275K	$53K	—	View 990
2013	$429K	$529K	$208K	$44K	—	View 990
2012	$329K	$332K	$289K	$25K	—	View 990
2011	$334K	$374K	$282K	$15K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $1.3M, and assets of $763K (revenue +6.0% year-over-year).
2022: Revenue of $1.1M, expenses of $1.1M, and assets of $905K (revenue -2.0% year-over-year).
2021: Revenue of $1.2M, expenses of $1.1M, and assets of $848K (revenue +51.0% year-over-year).
2020: Revenue of $764K, expenses of $736K, and assets of $784K (revenue -48.8% year-over-year).
2019: Revenue of $1.5M, expenses of $1.4M, and assets of $777K (revenue +173.7% year-over-year).
2015: Revenue of $545K, expenses of $471K, and assets of $306K (revenue +28.6% year-over-year).
2014: Revenue of $424K, expenses of $366K, and assets of $275K (revenue -1.2% year-over-year).
2013: Revenue of $429K, expenses of $529K, and assets of $208K (revenue +30.2% year-over-year).
2012: Revenue of $329K, expenses of $332K, and assets of $289K (revenue -1.2% year-over-year).
2011: Revenue of $334K, expenses of $374K, and assets of $282K.

Data Sources and Methodology

This transparency report for Key Food Stores 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.