Kwitman Family Foundation Inc
Kwitman Family Foundation consistently spends more than annual revenue, drawing down assets while maintaining minimal liabilities and no officer compensation.
EIN: 133885787 · Portland, OR · NTEE: T60Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $863K |
| Total Expenses | $130K |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Kwitman Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kwitman Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kwitman Family Foundation Inc
Kwitman Family Foundation Inc (EIN: 133885787) is a nonprofit organization based in Portland, OR, classified under NTEE code T60Z. The organization reported total revenue of $863K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kwitman Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kwitman Family Foundation Inc is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $130K |
| Surplus / Deficit | $-44,873 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -52.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 150.3 months |
Financial Health Grade: B
In 2023, Kwitman Family Foundation Inc reported a deficit of $45K with expenses exceeding revenue, holds 150.3 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), Kwitman Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.7% | -20.7% | -2.9% |
| 2022 | +128.3% | +0.5% | +1.8% |
| 2021 | +115.2% | +10.8% | -4.4% |
| 2020 | -68.9% | -11.4% | -5.0% |
| 2019 | -27.8% | +22.9% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Kwitman Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Kwitman Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the foundation's officers are unpaid, which is a strong positive for donor confidence and resource allocation.
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 Kwitman Family Foundation Inc's IRS 990 filings:
- Consistent spending exceeding revenue, leading to asset drawdown (e.g., $130,422 expenses vs. $85,549 revenue in 2023).
- Lack of detailed program spending breakdown in provided summary data, making it difficult to assess specific impact areas.
Strengths
The following positive indicators were identified for Kwitman Family Foundation Inc:
- Consistent 0% officer compensation across all reported periods.
- Very low liabilities ($1 in most recent years), indicating strong financial management.
- Stable asset base, despite consistent drawdowns, suggesting a well-managed endowment.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Kwitman Family Foundation Inc
Is Kwitman Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kwitman Family Foundation Inc (EIN: 133885787) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Kwitman Family Foundation Inc spend its money?
Kwitman Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kwitman Family Foundation Inc tax-deductible?
Kwitman Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133885787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kwitman Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kwitman Family Foundation Inc is above average for NTEE category T60Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kwitman Family Foundation Inc located?
Kwitman Family Foundation Inc is headquartered in Portland, Oregon and files with the IRS under EIN 133885787. It is classified under NTEE code T60Z.
How many years of IRS 990 filings does Kwitman Family Foundation Inc have?
Kwitman Family 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 $863K in total revenue.
Is Kwitman Family Foundation Inc. a good charity?
Based on the available financial data, the Kwitman Family Foundation Inc. appears to be a well-managed private foundation. It consistently reports 0% officer compensation and maintains very low liabilities, indicating efficient use of funds and sound financial health. Its consistent spending above revenue suggests active grantmaking from its endowment.
What is the primary financial trend of this organization?
The primary financial trend is that the foundation consistently expends more than its annual revenue, leading to a gradual decrease in its total assets over time. For instance, assets decreased from $2,058,829 in 2012 to $1,633,301 in 2023.
How does officer compensation impact its efficiency?
The consistent reporting of 0% officer compensation significantly enhances the organization's efficiency, as all available funds can be directed towards its programmatic activities and grantmaking rather than administrative salaries for leadership.
Filing History
IRS 990 filing history for Kwitman Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kwitman Family Foundation Inc's revenue has grown by 5.5%, moving from $81K to $86K. Total assets decreased by 19% over the same period, from $2.0M to $1.6M. Total functional expenses rose by 8.9%, from $120K to $130K. In its most recent filing year (2023), Kwitman Family Foundation Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $130K | $1.6M | $1 | — | — |
| 2022 | $174K | $164K | $1.7M | $1 | — | — |
| 2021 | $76K | $164K | $1.7M | $1 | — | — |
| 2020 | $35K | $148K | $1.7M | $1 | — | — |
| 2019 | $114K | $167K | $1.8M | $1 | — | View 990 |
| 2015 | $157K | $136K | $1.9M | $1 | — | View 990 |
| 2014 | $46K | $157K | $1.9M | $1 | — | View 990 |
| 2013 | $43K | $149K | $2.0M | $1 | — | View 990 |
| 2012 | $141K | $115K | $2.1M | $1 | — | View 990 |
| 2011 | $81K | $120K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $130K, and assets of $1.6M (revenue -50.7% year-over-year).
- 2022: Revenue of $174K, expenses of $164K, and assets of $1.7M (revenue +128.3% year-over-year).
- 2021: Revenue of $76K, expenses of $164K, and assets of $1.7M (revenue +115.2% year-over-year).
- 2020: Revenue of $35K, expenses of $148K, and assets of $1.7M (revenue -68.9% year-over-year).
- 2019: Revenue of $114K, expenses of $167K, and assets of $1.8M (revenue -27.8% year-over-year).
- 2015: Revenue of $157K, expenses of $136K, and assets of $1.9M (revenue +244.2% year-over-year).
- 2014: Revenue of $46K, expenses of $157K, and assets of $1.9M (revenue +6.3% year-over-year).
- 2013: Revenue of $43K, expenses of $149K, and assets of $2.0M (revenue -69.5% year-over-year).
- 2012: Revenue of $141K, expenses of $115K, and assets of $2.1M (revenue +73.5% year-over-year).
- 2011: Revenue of $81K, expenses of $120K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kwitman Family Foundation Inc:
Data Sources and Methodology
This transparency report for Kwitman Family 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.