Levine Family Foundation Inc

Levine Family Foundation consistently accumulates assets with minimal expenses and no reported officer compensation.

EIN: 208961191 · Atlantic City, NJ · NTEE: T20 · Updated: 2026-03-28

$717KRevenue
$1.6MAssets
95/100Mission Score (Excellent)
T20

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Levine Family Foundation Inc Financial Summary
MetricValue
Total Revenue$717K
Total Expenses$21K
Program Spending95%
Net Assets$990K
Transparency Score95/100

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Levine Family Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Levine Family 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 Levine Family Foundation Inc in one place.

Form 990 Filing Summary

10 filing years are available, with latest revenue of $407K and expenses of $21K.

Revenue and Expenses

Levine Family Foundation Inc reported $407K in revenue and $21K in expenses, a surplus of $386K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

95/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.

Is Levine Family Foundation Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

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

PendingDonor/Grant Funding
95%Program Expense
$0Grants Paid
10Stored Filing Years

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

Levine Family Foundation Inc Expense Deployment
Program services$20K (95%)

Across stored filings, Levine Family Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Levine Family Foundation Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend95% to programsExcellent
Financial durabilityGrade A10 stored filing years
Peer contextCompare with Dance For The Cure IncNew Jersey and Philanthropy context

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Levine Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Levine Family Foundation Inc

Levine Family Foundation Inc (EIN: 208961191) is a nonprofit organization based in Atlantic City, NJ, classified under NTEE code T20. The organization reported total revenue of $717K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Levine Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

19Years Operating
SmallSize Classification
10Years of Filings
MixedRevenue Trajectory

Levine Family Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 193.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$407K
Total Expenses$21K
Surplus / Deficit+$386K
Total Assets$990K
Total Liabilities$1
Net Assets$990K
Operating Margin94.8%
Debt-to-Asset Ratio0.0%
Months of Reserves560.6 months

Financial Health Grade: A

In 2023, Levine Family Foundation Inc reported a surplus of $386K with revenue exceeding expenses, holds 560.6 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), Levine Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 193.4%.

YearRevenue ChangeExpense ChangeAsset Change
2023+93.1%-69.2%+63.8%
2022+12.2%+3.5%+11.3%
2021-49.3%+71.7%+20.9%
2020+363385.3%-67.9%+307.3%
2019-99.8%+323.9%-3.9%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2007

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

The Levine Family Foundation Inc. demonstrates strong financial health and efficiency, primarily operating as a grant-making organization. Over the past five years, the foundation has consistently reported significantly higher revenues than expenses, leading to substantial growth in its asset base, from $110,345 in 2019 to $990,390 in 2023. This indicates a robust capacity to fulfill its mission through grant distributions. The latest filing shows revenue of $407,046 against expenses of only $21,200, suggesting a very high proportion of funds are either retained for future grant-making or directly distributed as program services, which is typical for a private foundation. The organization's spending efficiency is exceptional, with expenses consistently representing a small fraction of its revenue. For instance, in 2023, expenses were less than 6% of revenue. This low overhead is a strong indicator of efficient operations. The absence of reported officer compensation further contributes to its efficiency and suggests that administrative costs are minimal, allowing more resources to be directed towards its charitable purpose. The consistent reporting of minimal liabilities ($1) across all filings also points to sound financial management and stability. Transparency is generally good, with consistent annual filings available. The NTEE code T20 indicates it is a private grantmaking foundation, which aligns with its financial patterns of accumulating assets and making grants. The lack of officer compensation reported across all filings is a positive transparency signal, indicating that the foundation's resources are not being used for executive salaries. Overall, the foundation appears to be a well-managed and financially sound entity focused on its grant-making mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Levine Family Foundation Inc 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: 5%
  • programs: 95%
  • fundraising: 0%

According to IRS 990 filings, Levine Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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:

$407KTotal Revenue
$21KTotal Expenses
$990KTotal Assets
$1Total Liabilities
$990KNet Assets
  • The organization reported a surplus of $386K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 0.0%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This suggests a volunteer-driven leadership or that compensation is covered by other means not reported as officer compensation, which is highly efficient for a nonprofit of its size.

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 Levine Family Foundation Inc's IRS 990 filings:

  • Lack of detailed program spending breakdown beyond 'grants' in summary data

Strengths

The following positive indicators were identified for Levine Family Foundation Inc:

  • Exceptional financial efficiency with very low expenses relative to revenue (e.g., 2023 expenses were <6% of revenue)
  • Consistent asset growth, indicating strong financial health and capacity for future grant-making (assets grew from $110,345 in 2019 to $990,390 in 2023)
  • No reported officer compensation, maximizing resources for charitable purposes
  • Stable financial position with consistently minimal liabilities ($1 reported across all filings)
  • Strong program focus, as evidenced by the nature of a private grantmaking foundation and low overhead

Frequently Asked Questions about Levine Family Foundation Inc

Is Levine Family Foundation Inc a legitimate charity?

Levine Family Foundation Inc (EIN: 208961191) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $717K. 1 red flag identified. 5 strengths noted. Financial health grade: A.

How does Levine Family Foundation Inc spend its money?

Levine Family Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Levine Family Foundation Inc tax-deductible?

Levine Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208961191). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Levine Family Foundation Inc compare to similar nonprofits?

With a transparency score of 95/100 (Excellent), Levine Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Levine Family Foundation Inc located?

Levine Family Foundation Inc is headquartered in Atlantic City, New Jersey and files with the IRS under EIN 208961191. It is classified under NTEE code T20.

How many years of IRS 990 filings does Levine Family Foundation Inc have?

Levine 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 $717K in total revenue.

What specific programs or grants does the Levine Family Foundation Inc. support?

As a private grantmaking foundation (NTEE T20), the foundation's primary 'program' is making grants. The IRS 990 filings indicate significant asset growth and low expenses, suggesting substantial funds are available for grant distributions, though specific beneficiaries are not detailed in the provided summary.

How does the foundation manage to operate with such low expenses?

The consistently low expenses, such as $21,200 in 2023 against $407,046 in revenue, combined with 0% officer compensation, suggest that the foundation likely operates with minimal administrative overhead, possibly relying on volunteer efforts or in-kind support for its operational needs.

What is the source of the foundation's revenue?

While the specific sources are not detailed in the provided data, for a private foundation, revenue typically comes from investment income, contributions from the founding family, or other related entities. The significant and fluctuating revenue figures (e.g., $407,046 in 2023, $102 in 2019) suggest a mix of these sources.

Filing History

IRS 990 filing history for Levine Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Levine Family Foundation Inc's revenue has grown by 40704500%, moving from $1 to $407K. Total assets increased by 7670.8% over the same period, from $13K to $990K. In its most recent filing year (2023), Levine Family Foundation Inc reported a surplus of $386K, with revenue exceeding expenses. The organization holds $1 in liabilities against $990K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $990K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $407K $21K $990K $1
2022 $211K $69K $605K $1 View 990
2021 $188K $67K $543K $1 View 990
2020 $371K $39K $449K $1 View 990
2019 $102 $121K $110K $1
2015 $58K $28K $115K $1 View 990
2014 $97K $49K $114K $1 View 990
2013 $90K $39K $63K $1 View 990
2012 $35K $36K $12K $1 View 990
2011 $1 $0 $13K $1 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $407K, expenses of $21K, and assets of $990K (revenue +93.1% year-over-year).
  • 2022: Revenue of $211K, expenses of $69K, and assets of $605K (revenue +12.2% year-over-year).
  • 2021: Revenue of $188K, expenses of $67K, and assets of $543K (revenue -49.3% year-over-year).
  • 2020: Revenue of $371K, expenses of $39K, and assets of $449K (revenue +363385.3% year-over-year).
  • 2019: Revenue of $102, expenses of $121K, and assets of $110K (revenue -99.8% year-over-year).
  • 2015: Revenue of $58K, expenses of $28K, and assets of $115K (revenue -39.8% year-over-year).
  • 2014: Revenue of $97K, expenses of $49K, and assets of $114K (revenue +7.5% year-over-year).
  • 2013: Revenue of $90K, expenses of $39K, and assets of $63K (revenue +154.4% year-over-year).
  • 2012: Revenue of $35K, expenses of $36K, and assets of $12K (revenue +3528400.0% year-over-year).
  • 2011: Revenue of $1, expenses of $0, and assets of $13K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Levine Family Foundation Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Levine 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.

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