Leroy E Kean Family Foundation
Leroy E Kean Family Foundation shows significant asset growth and low operational expenses, with no reported officer compensation.
EIN: 10851933 · Philadelphia, PA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $546K |
| Program Spending | 90% |
| Net Assets | $14.3M |
| Transparency Score | 95/100 |
Is Leroy E Kean Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leroy E Kean Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leroy E Kean Family Foundation
Leroy E Kean Family Foundation (EIN: 10851933) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code T22. The organization reported total revenue of $4.1M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leroy E Kean Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leroy E Kean Family Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 45.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $546K |
| Surplus / Deficit | +$9.4M |
| Total Assets | $14.3M |
| Total Liabilities | $6K |
| Net Assets | $14.3M |
| Operating Margin | 94.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 314.2 months |
Financial Health Grade: A
In 2023, Leroy E Kean Family Foundation reported a surplus of $9.4M with revenue exceeding expenses, holds 314.2 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), Leroy E Kean Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 45.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.3% | -34.2% | -2.8% |
| 2021 | +5045.3% | -42.3% | +735.5% |
| 2020 | +212.7% | +101.1% | -4.9% |
| 2019 | -60.7% | -28.4% | +558.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Leroy E Kean Family Foundation with a Mission Score of 95 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, Leroy E Kean Family Foundation 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 surplus of $9.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not reported on the 990, which is a positive sign 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.
Strengths
The following positive indicators were identified for Leroy E Kean Family Foundation:
- Strong financial health with significant asset growth, reaching $14,302,880 in 2023.
- Very low operational expenses relative to revenue, indicating high efficiency (e.g., $546,320 expenses vs. $9,984,889 revenue in 2023).
- Zero reported officer compensation across all filings, suggesting volunteer leadership or external funding for executive pay.
- Consistently low liabilities, demonstrating sound financial management.
- Substantial revenue generation in recent periods, indicating strong funding sources.
Frequently Asked Questions about Leroy E Kean Family Foundation
Is Leroy E Kean Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Leroy E Kean Family Foundation (EIN: 10851933) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Leroy E Kean Family Foundation spend its money?
Leroy E Kean Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leroy E Kean Family Foundation tax-deductible?
Leroy E Kean Family Foundation is registered as a tax-exempt nonprofit (EIN: 10851933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Leroy E Kean Family Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Leroy E Kean Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leroy E Kean Family Foundation located?
Leroy E Kean Family Foundation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 10851933. It is classified under NTEE code T22.
How many years of IRS 990 filings does Leroy E Kean Family Foundation have?
Leroy E Kean Family 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 $4.1M in total revenue.
Is the Leroy E Kean Family Foundation a good charity?
Based on the provided financial data, the foundation appears to be a very efficient and financially sound organization. Its high revenue, low expenses, significant asset growth (from $161,952 in 2011 to $14,302,880 in 2023), and zero reported officer compensation suggest a strong commitment to its mission and responsible financial stewardship.
What is the primary financial activity of this foundation?
The foundation primarily focuses on accumulating and managing assets, likely for grantmaking or investment purposes, given its substantial revenue and asset base compared to its relatively low operational expenses. For example, in 202312, revenue was $9,984,889 while expenses were only $546,320.
How has the foundation's financial health changed over time?
The foundation has experienced significant growth, particularly in recent years. Its assets have grown from $161,952 in 2011 to over $14 million in 2023. Revenue has also seen substantial increases, with peaks of $12,246,107 in 2021 and $9,984,889 in 2023, indicating robust financial performance and growth.
Filing History
IRS 990 filing history for Leroy E Kean Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leroy E Kean Family Foundation's revenue has grown by 8973.9%, moving from $110K to $10.0M. Total assets increased by 8731.6% over the same period, from $162K to $14.3M. Total functional expenses rose by 364.4%, from $118K to $546K. In its most recent filing year (2023), Leroy E Kean Family Foundation reported a surplus of $9.4M, with revenue exceeding expenses. The organization holds $6K in liabilities against $14.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $546K | $14.3M | $6K | — | — |
| 2022 | $-41,389 | $100K | $4.9M | $6K | — | View 990 |
| 2021 | $12.2M | $153K | $5.0M | $6K | — | View 990 |
| 2020 | $238K | $265K | $598K | $1 | — | — |
| 2019 | $76K | $132K | $629K | $1 | — | View 990 |
| 2015 | $194K | $184K | $96K | $1 | — | View 990 |
| 2014 | $103K | $114K | $149K | $4K | — | View 990 |
| 2013 | $103K | $113K | $160K | $0 | — | View 990 |
| 2012 | $101K | $83K | $170K | $1 | — | View 990 |
| 2011 | $110K | $118K | $162K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $546K, and assets of $14.3M.
- 2022: Revenue of $-41,389, expenses of $100K, and assets of $4.9M (revenue -100.3% year-over-year).
- 2021: Revenue of $12.2M, expenses of $153K, and assets of $5.0M (revenue +5045.3% year-over-year).
- 2020: Revenue of $238K, expenses of $265K, and assets of $598K (revenue +212.7% year-over-year).
- 2019: Revenue of $76K, expenses of $132K, and assets of $629K (revenue -60.7% year-over-year).
- 2015: Revenue of $194K, expenses of $184K, and assets of $96K (revenue +88.8% year-over-year).
- 2014: Revenue of $103K, expenses of $114K, and assets of $149K (revenue -0.2% year-over-year).
- 2013: Revenue of $103K, expenses of $113K, and assets of $160K (revenue +1.9% year-over-year).
- 2012: Revenue of $101K, expenses of $83K, and assets of $170K (revenue -8.3% year-over-year).
- 2011: Revenue of $110K, expenses of $118K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leroy E Kean Family Foundation:
Data Sources and Methodology
This transparency report for Leroy E Kean Family 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.