Max Kagan Family Foundation
Max Kagan Family Foundation maintains strong asset growth with minimal liabilities and no reported officer compensation.
EIN: 16019033 · Auburn, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $268K |
| Program Spending | 90% |
| Net Assets | $3.8M |
| Transparency Score | 85/100 |
Is Max Kagan Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Max Kagan Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Max Kagan Family Foundation
Max Kagan Family Foundation (EIN: 16019033) is a nonprofit organization based in Auburn, ME. The organization reported total revenue of $1.5M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Max Kagan Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Max Kagan Family Foundation is a mid-size nonprofit that has been operating for 67 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $268K |
| Surplus / Deficit | +$22K |
| Total Assets | $3.8M |
| Total Liabilities | $1 |
| Net Assets | $3.8M |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.2 months |
Financial Health Grade: A
In 2023, Max Kagan Family Foundation reported a surplus of $22K with revenue exceeding expenses, holds 168.2 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 Kagan Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.4% | -20.1% | +0.6% |
| 2022 | -49.2% | +3.6% | +-0.0% |
| 2021 | +42.3% | -8.0% | +9.9% |
| 2020 | +112.7% | +54.4% | +3.4% |
| 2019 | -33.7% | +37.0% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Kagan Family Foundation 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, Max Kagan 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Max Kagan Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for an organization 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.
Strengths
The following positive indicators were identified for Max Kagan Family Foundation:
- Consistent asset growth, increasing from $2,957,090 in 2011 to $3,760,483 in 2023.
- Extremely low liabilities, often reported as just $1, indicating strong financial health.
- No reported officer compensation across all filings, suggesting high administrative efficiency.
- Expenses consistently below revenue in most years, contributing to financial stability and asset accumulation.
- Long history of consistent IRS 990 filings (10 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Max Kagan Family Foundation
Is Max Kagan Family Foundation a legitimate charity?
Max Kagan Family Foundation (EIN: 16019033) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Max Kagan Family Foundation spend its money?
Max Kagan Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Max Kagan Family Foundation tax-deductible?
Max Kagan Family Foundation is registered as a tax-exempt nonprofit (EIN: 16019033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Max Kagan Family Foundation located?
Max Kagan Family Foundation is headquartered in Auburn, Maine and files with the IRS under EIN 16019033.
How many years of IRS 990 filings does Max Kagan Family Foundation have?
Max Kagan 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 $1.5M in total revenue.
What are the specific programs or grants funded by the Max Kagan Family Foundation?
The provided data does not detail the specific programs or grants funded by the Max Kagan Family Foundation. To understand their programmatic impact, one would need to review the full IRS Form 990, specifically Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the United States) or Schedule O (Supplemental Information).
How does the foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or that any administrative functions are performed by uncompensated individuals or through contracted services not classified as officer compensation. This is a highly efficient model for a foundation of its size.
What is the foundation's strategy for asset growth and investment?
While the data shows consistent asset growth from $2,957,090 in 2011 to $3,760,483 in 2023, the specific investment strategy is not detailed in this summary. The revenue figures, which fluctuate, likely include investment returns alongside any contributions.
Filing History
IRS 990 filing history for Max Kagan Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Max Kagan Family Foundation's revenue has grown by 33.2%, moving from $218K to $291K. Total assets increased by 27.2% over the same period, from $3.0M to $3.8M. Total functional expenses rose by 13%, from $237K to $268K. In its most recent filing year (2023), Max Kagan Family Foundation reported a surplus of $22K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $291K | $268K | $3.8M | $1 | — | — |
| 2022 | $336K | $336K | $3.7M | $1 | — | View 990 |
| 2021 | $660K | $324K | $3.7M | $1 | — | View 990 |
| 2020 | $464K | $352K | $3.4M | $1 | — | — |
| 2019 | $218K | $228K | $3.3M | $1 | — | View 990 |
| 2015 | $329K | $167K | $3.5M | $1 | — | View 990 |
| 2014 | $377K | $183K | $3.3M | $1 | — | View 990 |
| 2013 | $356K | $191K | $3.2M | $41K | — | View 990 |
| 2012 | $261K | $148K | $3.1M | $85K | — | View 990 |
| 2011 | $218K | $237K | $3.0M | $755 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $291K, expenses of $268K, and assets of $3.8M (revenue -13.4% year-over-year).
- 2022: Revenue of $336K, expenses of $336K, and assets of $3.7M (revenue -49.2% year-over-year).
- 2021: Revenue of $660K, expenses of $324K, and assets of $3.7M (revenue +42.3% year-over-year).
- 2020: Revenue of $464K, expenses of $352K, and assets of $3.4M (revenue +112.7% year-over-year).
- 2019: Revenue of $218K, expenses of $228K, and assets of $3.3M (revenue -33.7% year-over-year).
- 2015: Revenue of $329K, expenses of $167K, and assets of $3.5M (revenue -12.6% year-over-year).
- 2014: Revenue of $377K, expenses of $183K, and assets of $3.3M (revenue +5.8% year-over-year).
- 2013: Revenue of $356K, expenses of $191K, and assets of $3.2M (revenue +36.3% year-over-year).
- 2012: Revenue of $261K, expenses of $148K, and assets of $3.1M (revenue +19.7% year-over-year).
- 2011: Revenue of $218K, expenses of $237K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Max Kagan Family Foundation:
Data Sources and Methodology
This transparency report for Max Kagan 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.