Michael And Samantha Harary Familyfoundation Inc
Michael And Samantha Harary Familyfoundation consistently distributes funds with no reported officer compensation.
EIN: 203860503 · Elberon, NJ · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $164K |
| Total Expenses | $271K |
| Program Spending | 90% |
| Net Assets | $164K |
| Transparency Score | 85/100 |
Is Michael And Samantha Harary Familyfoundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael And Samantha Harary Familyfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael And Samantha Harary Familyfoundation Inc
Michael And Samantha Harary Familyfoundation Inc (EIN: 203860503) is a nonprofit organization based in Elberon, NJ, classified under NTEE code T21. The organization reported total revenue of $164K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael And Samantha Harary Familyfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael And Samantha Harary Familyfoundation Inc is a small 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 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $271K |
| Surplus / Deficit | $-26,337 |
| Total Assets | $164K |
| Total Liabilities | $1 |
| Net Assets | $164K |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Michael And Samantha Harary Familyfoundation Inc reported a deficit of $26K with expenses exceeding revenue, holds 7.2 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), Michael And Samantha Harary Familyfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +73.8% | +116.3% | -13.9% |
| 2022 | -12.2% | -16.9% | +8.9% |
| 2021 | -19.7% | -21.4% | +5.7% |
| 2020 | -18.4% | -27.8% | +5.0% |
| 2019 | +172.2% | +226.1% | +1352.7% |
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 Michael And Samantha Harary Familyfoundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Michael And Samantha Harary Familyfoundation Inc 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 deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is unpaid. This is a significant positive for a foundation of this size, as it ensures that a greater proportion of funds can be directed towards its charitable purpose.
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 Michael And Samantha Harary Familyfoundation Inc:
- No reported officer compensation across all filings, indicating efficient use of funds.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Low liabilities ($1 across all filings), suggesting sound financial management.
- Active deployment of funds, with expenses often close to or exceeding revenue.
- Growing asset base over time, indicating increasing financial stability.
Frequently Asked Questions about Michael And Samantha Harary Familyfoundation Inc
Is Michael And Samantha Harary Familyfoundation Inc a legitimate charity?
Michael And Samantha Harary Familyfoundation Inc (EIN: 203860503) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $164K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Michael And Samantha Harary Familyfoundation Inc spend its money?
Michael And Samantha Harary Familyfoundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Michael And Samantha Harary Familyfoundation Inc tax-deductible?
Michael And Samantha Harary Familyfoundation Inc is registered as a tax-exempt nonprofit (EIN: 203860503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Michael And Samantha Harary Familyfoundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Michael And Samantha Harary Familyfoundation Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michael And Samantha Harary Familyfoundation Inc located?
Michael And Samantha Harary Familyfoundation Inc is headquartered in Elberon, New Jersey and files with the IRS under EIN 203860503. It is classified under NTEE code T21.
How many years of IRS 990 filings does Michael And Samantha Harary Familyfoundation Inc have?
Michael And Samantha Harary Familyfoundation 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 $164K in total revenue.
Is Michael And Samantha Harary Familyfoundation Inc a good charity?
Based on the available data, the foundation appears to be well-managed with no reported officer compensation and consistent deployment of funds. Its low liabilities and consistent filing history are positive indicators. As a private foundation, its 'goodness' would largely depend on the impact and effectiveness of the grants it makes, which is not detailed in the provided financial data.
How does the foundation's spending compare to its revenue?
The foundation's expenses often closely match or slightly exceed its revenue, for example, $271,337 in expenses against $245,000 in revenue in 2023, and $266,110 in expenses against $245,000 in revenue in 2019. This indicates an active distribution of funds rather than significant accumulation.
What is the trend in the foundation's assets?
The foundation's assets have shown growth over time, from negative assets in 2012 ($-516) and low assets in 2014 ($2,427) to $163,700 in 2023, indicating increasing financial stability and capacity.
Filing History
IRS 990 filing history for Michael And Samantha Harary Familyfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael And Samantha Harary Familyfoundation Inc's revenue has grown by 48.5%, moving from $165K to $245K. Total assets increased by 807.3% over the same period, from $18K to $164K. Total functional expenses rose by 65.1%, from $164K to $271K. In its most recent filing year (2023), Michael And Samantha Harary Familyfoundation Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $1 in liabilities against $164K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $164K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $245K | $271K | $164K | $1 | — | View 990 |
| 2022 | $141K | $125K | $190K | $1 | — | — |
| 2021 | $161K | $151K | $174K | $1 | — | View 990 |
| 2020 | $200K | $192K | $165K | $1 | — | — |
| 2019 | $245K | $266K | $157K | $1 | — | — |
| 2015 | $90K | $82K | $11K | $1 | — | View 990 |
| 2014 | $195K | $197K | $2K | $1 | — | View 990 |
| 2013 | $253K | $248K | $4K | $1 | — | View 990 |
| 2012 | $90K | $109K | $-516 | $1 | — | View 990 |
| 2011 | $165K | $164K | $18K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $245K, expenses of $271K, and assets of $164K (revenue +73.8% year-over-year).
- 2022: Revenue of $141K, expenses of $125K, and assets of $190K (revenue -12.2% year-over-year).
- 2021: Revenue of $161K, expenses of $151K, and assets of $174K (revenue -19.7% year-over-year).
- 2020: Revenue of $200K, expenses of $192K, and assets of $165K (revenue -18.4% year-over-year).
- 2019: Revenue of $245K, expenses of $266K, and assets of $157K (revenue +172.2% year-over-year).
- 2015: Revenue of $90K, expenses of $82K, and assets of $11K (revenue -53.7% year-over-year).
- 2014: Revenue of $195K, expenses of $197K, and assets of $2K (revenue -23.1% year-over-year).
- 2013: Revenue of $253K, expenses of $248K, and assets of $4K (revenue +181.2% year-over-year).
- 2012: Revenue of $90K, expenses of $109K, and assets of $-516 (revenue -45.5% year-over-year).
- 2011: Revenue of $165K, expenses of $164K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael And Samantha Harary Familyfoundation Inc:
Data Sources and Methodology
This transparency report for Michael And Samantha Harary Familyfoundation 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.