Max Kade Foundation
Max Kade Foundation consistently spends more than its annual revenue, drawing down its significant asset base.
EIN: 135658082 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38.9M |
| Total Expenses | $5.4M |
| Program Spending | 85% |
| Net Assets | $49.6M |
| Transparency Score | 75/100 |
Is Max Kade Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Max Kade Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Max Kade Foundation
Max Kade Foundation (EIN: 135658082) is a nonprofit organization based in New York, NY. The organization reported total revenue of $38.9M and total assets of $52.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Max Kade Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Max Kade Foundation is a large nonprofit that has been operating for 80 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-2,823,116 |
| Total Assets | $49.6M |
| Total Liabilities | $1 |
| Net Assets | $49.6M |
| Operating Margin | -109.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 110.2 months |
Financial Health Grade: B
In 2023, Max Kade Foundation reported a deficit of $2.8M with expenses exceeding revenue, holds 110.2 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), Max Kade Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.7% | -3.0% | -5.4% |
| 2022 | -70.4% | +29.8% | -6.9% |
| 2021 | +78.6% | -5.3% | +2.6% |
| 2020 | +11.8% | -30.2% | -2.4% |
| 2019 | -8.2% | -0.7% | -12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 Max Kade Foundation with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Max Kade Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Max Kade Foundation consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through mechanisms not categorized as officer compensation on the 990, which is a strong positive 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 Max Kade Foundation's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) over the past decade, e.g., $5,394,406 expenses vs. $2,571,290 revenue in 2023.
- Declining asset base from $73,667,326 in 2011 to $49,557,511 in 2023, indicating reliance on capital depletion.
Strengths
The following positive indicators were identified for Max Kade Foundation:
- Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
- Very low reported liabilities across all periods, suggesting strong financial management and minimal debt.
- Substantial asset base of $49,557,511 (2023) provides significant financial stability despite operational deficits.
Frequently Asked Questions about Max Kade Foundation
Is Max Kade Foundation a legitimate charity?
Max Kade Foundation (EIN: 135658082) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $38.9M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Max Kade Foundation spend its money?
Max Kade Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Max Kade Foundation tax-deductible?
Max Kade Foundation is registered as a tax-exempt nonprofit (EIN: 135658082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Max Kade Foundation's spending goes to programs?
Max Kade Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Max Kade Foundation located?
Max Kade Foundation is headquartered in New York, New York and files with the IRS under EIN 135658082.
How many years of IRS 990 filings does Max Kade Foundation have?
Max Kade 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 $38.9M in total revenue.
Why does the Max Kade Foundation consistently spend more than its annual revenue?
The foundation's consistent operational deficits, such as $5,394,406 in expenses versus $2,571,290 in revenue in 2023, suggest it operates by distributing funds from its endowment rather than solely from annual income. This is a common model for foundations with substantial assets.
What is the long-term impact of the declining asset base?
The asset base has decreased from $73,667,326 in 2011 to $49,557,511 in 2023. If this trend continues without a corresponding increase in revenue or reduction in expenses, it could eventually limit the foundation's capacity to fulfill its mission at current levels.
How does the foundation manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the foundation's leadership may be entirely volunteer-based, or their compensation is structured in a way that it is not reported under 'officer compensation' on the IRS 990, which is unusual for an organization of this size.
Filing History
IRS 990 filing history for Max Kade Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Max Kade Foundation's revenue has declined by 28.6%, moving from $3.6M to $2.6M. Total assets decreased by 32.7% over the same period, from $73.7M to $49.6M. Total functional expenses rose by 14.8%, from $4.7M to $5.4M. In its most recent filing year (2023), Max Kade Foundation reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $49.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $49.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $5.4M | $49.6M | $1 | — | — |
| 2022 | $1.7M | $5.6M | $52.4M | $20K | — | View 990 |
| 2021 | $5.7M | $4.3M | $56.3M | $36K | — | View 990 |
| 2020 | $3.2M | $4.5M | $54.9M | $15K | — | View 990 |
| 2019 | $2.9M | $6.5M | $56.2M | $12K | — | — |
| 2015 | $3.1M | $6.5M | $64.2M | $1 | — | View 990 |
| 2014 | $3.5M | $6.7M | $67.6M | $1 | — | View 990 |
| 2013 | $4.9M | $6.3M | $70.8M | $1 | — | View 990 |
| 2012 | $4.3M | $5.8M | $72.1M | $1 | — | View 990 |
| 2011 | $3.6M | $4.7M | $73.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $5.4M, and assets of $49.6M (revenue +52.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $5.6M, and assets of $52.4M (revenue -70.4% year-over-year).
- 2021: Revenue of $5.7M, expenses of $4.3M, and assets of $56.3M (revenue +78.6% year-over-year).
- 2020: Revenue of $3.2M, expenses of $4.5M, and assets of $54.9M (revenue +11.8% year-over-year).
- 2019: Revenue of $2.9M, expenses of $6.5M, and assets of $56.2M (revenue -8.2% year-over-year).
- 2015: Revenue of $3.1M, expenses of $6.5M, and assets of $64.2M (revenue -11.6% year-over-year).
- 2014: Revenue of $3.5M, expenses of $6.7M, and assets of $67.6M (revenue -28.9% year-over-year).
- 2013: Revenue of $4.9M, expenses of $6.3M, and assets of $70.8M (revenue +15.9% year-over-year).
- 2012: Revenue of $4.3M, expenses of $5.8M, and assets of $72.1M (revenue +18.3% year-over-year).
- 2011: Revenue of $3.6M, expenses of $4.7M, and assets of $73.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Max Kade Foundation:
Data Sources and Methodology
This transparency report for Max Kade 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.