Levon & Claudia Nazarian Family Foundation Inc
Levon & Claudia Nazarian Family Foundation consistently spends more than it earns, drawing on its endowment with no reported officer compensation.
EIN: 113587458 · Cherry Hill, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $352K |
| Program Spending | 80% |
| Net Assets | $5.3M |
| Transparency Score | 85/100 |
Is Levon & Claudia Nazarian 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 →
Levon & Claudia Nazarian Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Levon & Claudia Nazarian Family Foundation Inc
Levon & Claudia Nazarian Family Foundation Inc (EIN: 113587458) is a nonprofit organization based in Cherry Hill, NJ, classified under NTEE code T22. The organization reported total revenue of $3.6M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Levon & Claudia Nazarian Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Levon & Claudia Nazarian Family Foundation Inc is a mid-size nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $352K |
| Surplus / Deficit | $-171,794 |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | -95.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.4 months |
Financial Health Grade: B
In 2023, Levon & Claudia Nazarian Family Foundation Inc reported a deficit of $172K with expenses exceeding revenue, holds 179.4 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), Levon & Claudia Nazarian Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.6% | -0.3% | -3.2% |
| 2022 | -54.6% | +7.0% | -1.5% |
| 2021 | +201.2% | +0.7% | +5.1% |
| 2020 | -17.4% | +5.1% | -2.4% |
| 2019 | -77.5% | -22.6% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Levon & Claudia Nazarian 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Levon & Claudia Nazarian Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $172K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-reportable means, which is a positive sign for 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 Levon & Claudia Nazarian Family Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue, indicating reliance on asset drawdowns without clear sustainability plan for future growth (though common for private foundations)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment challenging
Strengths
The following positive indicators were identified for Levon & Claudia Nazarian Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership
- Maintains substantial assets (over $5 million) relative to annual expenses, providing financial stability
- Minimal liabilities ($0 or $1 across all filings) demonstrates strong financial management
- Consistent IRS 990 filing history over a decade, indicating good transparency practices
Frequently Asked Questions about Levon & Claudia Nazarian Family Foundation Inc
Is Levon & Claudia Nazarian Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Levon & Claudia Nazarian Family Foundation Inc (EIN: 113587458) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Levon & Claudia Nazarian Family Foundation Inc spend its money?
Levon & Claudia Nazarian Family Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Levon & Claudia Nazarian Family Foundation Inc tax-deductible?
Levon & Claudia Nazarian Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113587458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Levon & Claudia Nazarian Family Foundation Inc's spending goes to programs?
Levon & Claudia Nazarian Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Levon & Claudia Nazarian Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Levon & Claudia Nazarian Family Foundation Inc 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 Levon & Claudia Nazarian Family Foundation Inc located?
Levon & Claudia Nazarian Family Foundation Inc is headquartered in Cherry Hill, New Jersey and files with the IRS under EIN 113587458. It is classified under NTEE code T22.
How many years of IRS 990 filings does Levon & Claudia Nazarian Family Foundation Inc have?
Levon & Claudia Nazarian 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 $3.6M in total revenue.
Is Levon & Claudia Nazarian Family Foundation Inc. financially stable?
Yes, despite consistently spending more than its annual revenue, the foundation maintains substantial assets (e.g., $5,270,329 in 2023) and minimal liabilities, indicating a strong endowment that supports its operations.
How does the foundation manage its expenses relative to its income?
The foundation consistently incurs expenses that exceed its annual revenue, suggesting it operates by distributing funds from its accumulated assets rather than relying solely on annual income. For example, in 2023, expenses were $352,483 against revenues of $180,689.
What is the compensation structure for the foundation's leadership?
The foundation reports 0% officer compensation in all available filings, indicating that its leadership is not compensated through traditional officer salaries, which can be a positive for efficiency.
Filing History
IRS 990 filing history for Levon & Claudia Nazarian Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Levon & Claudia Nazarian Family Foundation Inc's revenue has declined by 14.7%, moving from $212K to $181K. Total assets increased by 13.4% over the same period, from $4.6M to $5.3M. Total functional expenses rose by 398.5%, from $71K to $352K. In its most recent filing year (2023), Levon & Claudia Nazarian Family Foundation Inc reported a deficit of $172K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $352K | $5.3M | $1 | — | — |
| 2022 | $272K | $354K | $5.4M | $1 | — | View 990 |
| 2021 | $599K | $331K | $5.5M | $1 | — | View 990 |
| 2020 | $199K | $328K | $5.3M | $1 | — | View 990 |
| 2019 | $241K | $312K | $5.4M | $1 | — | View 990 |
| 2015 | $1.1M | $403K | $5.4M | $1 | — | View 990 |
| 2014 | $205K | $334K | $4.7M | $1 | — | View 990 |
| 2013 | $218K | $221K | $4.9M | $0 | — | View 990 |
| 2012 | $268K | $53K | $4.9M | $1 | — | View 990 |
| 2011 | $212K | $71K | $4.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $352K, and assets of $5.3M (revenue -33.6% year-over-year).
- 2022: Revenue of $272K, expenses of $354K, and assets of $5.4M (revenue -54.6% year-over-year).
- 2021: Revenue of $599K, expenses of $331K, and assets of $5.5M (revenue +201.2% year-over-year).
- 2020: Revenue of $199K, expenses of $328K, and assets of $5.3M (revenue -17.4% year-over-year).
- 2019: Revenue of $241K, expenses of $312K, and assets of $5.4M (revenue -77.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $403K, and assets of $5.4M (revenue +421.7% year-over-year).
- 2014: Revenue of $205K, expenses of $334K, and assets of $4.7M (revenue -5.9% year-over-year).
- 2013: Revenue of $218K, expenses of $221K, and assets of $4.9M (revenue -18.7% year-over-year).
- 2012: Revenue of $268K, expenses of $53K, and assets of $4.9M (revenue +26.5% year-over-year).
- 2011: Revenue of $212K, expenses of $71K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Levon & Claudia Nazarian Family Foundation Inc:
Data Sources and Methodology
This transparency report for Levon & Claudia Nazarian 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.