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
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $763K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Key Food Stores Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Key Food Stores Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Key Food Stores Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $1.2M and expenses of $1.3M.
Revenue and Expenses
Key Food Stores Foundation Inc reported $1.2M in revenue and $1.3M in expenses, a deficit of $126K.
Executive Compensation
Top officer compensation appears as $1 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Key Food Stores Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.2M (90%) |
Across stored filings, Key Food Stores Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Dance For The Cure Inc →All New Jersey nonprofits
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Matawan, NJ nonprofitsFollow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Relevant rankings
Donation Decision Flow
From Trust Check to Better Alternatives
Alternative Shopping
Similar Nonprofits Donors Should Compare
Merck Patient Assistance Program Inc
Rahway, NJ · $1.9B revenue · Score 98/100
Compare side-by-sideMedical Dosimetrist Certification Board
Mount Laurel, NJ · $4.3M revenue · Score 92/100
Compare side-by-sideAtlantic Cape Family Support Organization Inc
Northfield, NJ · $1.1M revenue · Score 92/100
Compare side-by-sideJanet H And C Harry Knowles Foundation Inc
Moorestown, NJ · $29.4M revenue · Score 90/100
Compare side-by-sideNext Best Actions
Keep the Investigation Moving
Key Food Stores Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Key Food Stores Foundation Inc is a mid-size nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-126,304 |
| Total Assets | $763K |
| Total Liabilities | $1 |
| Net Assets | $763K |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: B
In 2023, Key Food Stores Foundation Inc reported a deficit of $126K with expenses exceeding revenue, holds 6.9 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), Key Food Stores Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +21.6% | -15.7% |
| 2022 | -2.0% | +1.6% | +6.7% |
| 2021 | +51.0% | +45.4% | +8.1% |
| 2020 | -48.8% | -48.4% | +1.0% |
| 2019 | +173.7% | +203.3% | +154.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
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 a legitimate charity?
Key Food Stores Foundation Inc (EIN: 116035538) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.3M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Key Food Stores Foundation Inc spend its money?
Key Food Stores Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Key Food Stores Foundation Inc tax-deductible?
Key Food Stores Foundation Inc is registered as a tax-exempt nonprofit (EIN: 116035538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Key Food Stores Foundation Inc CEO make?
Key Food Stores Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Key Food Stores Foundation Inc's spending goes to programs?
Key Food Stores Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Key Food Stores Foundation Inc located?
Key Food Stores Foundation Inc is headquartered in Matawan, New Jersey and files with the IRS under EIN 116035538.
How many years of IRS 990 filings does Key Food Stores Foundation Inc have?
Key Food Stores 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 $1.3M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Key Food Stores Foundation Inc:
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.