Richard S And Karen Lefrak Charitable Foundation Inc
Richard S And Karen Lefrak Charitable Foundation consistently distributes significant grants with no reported officer compensation.
EIN: 112994678 · Wilmington, DE · Updated: 2026-03-28
Is Richard S And Karen Lefrak Charitable Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard S And Karen Lefrak Charitable Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard S And Karen Lefrak Charitable Foundation Inc
Richard S And Karen Lefrak Charitable Foundation Inc (EIN: 112994678) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $6.6M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard S And Karen Lefrak Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard S And Karen Lefrak Charitable Foundation Inc is a mid-size nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-460,920 |
| Total Assets | $10.9M |
| Total Liabilities | $1 |
| Net Assets | $10.9M |
| Operating Margin | -14.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 35.0 months |
Financial Health Grade: B
In 2023, Richard S And Karen Lefrak Charitable Foundation Inc reported a deficit of $461K with expenses exceeding revenue, holds 35.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Richard S And Karen Lefrak Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18162.6% | +26.9% | -4.0% |
| 2022 | -99.5% | +27.1% | -20.5% |
| 2021 | -69.3% | -72.6% | +10.2% |
| 2020 | +311.0% | +54.5% | +35.5% |
| 2019 | +388.8% | +83.1% | +52.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Richard S And Karen Lefrak Charitable Foundation Inc with a Mission Score of 90 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, Richard S And Karen Lefrak Charitable 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:
- The organization reported a deficit of $461K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers from the foundation's funds, which is highly efficient for a foundation of its size with assets over $10 million.
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 Richard S And Karen Lefrak Charitable Foundation Inc:
- Consistent and significant grant disbursements, often exceeding annual revenue (e.g., 2023 expenses of $3,746,543 vs. revenue of $3,285,623).
- 0% officer compensation reported across all filings, indicating highly efficient use of funds.
- Healthy and growing asset base, providing a strong financial foundation for future charitable activities.
- Regular IRS 990 filings (11 filings available) demonstrate good transparency and compliance.
Frequently Asked Questions about Richard S And Karen Lefrak Charitable Foundation Inc
Is Richard S And Karen Lefrak Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard S And Karen Lefrak Charitable Foundation Inc (EIN: 112994678) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Richard S And Karen Lefrak Charitable Foundation Inc spend its money?
Richard S And Karen Lefrak Charitable Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard S And Karen Lefrak Charitable Foundation Inc tax-deductible?
Richard S And Karen Lefrak Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112994678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Richard S And Karen Lefrak Charitable Foundation Inc. a good charity?
Based on the available IRS 990 data, the foundation appears to be a highly effective charitable vehicle. It consistently disburses significant funds for its charitable purposes, as evidenced by expenses often exceeding revenue, and reports 0% officer compensation, indicating strong financial stewardship and a direct focus on its mission.
How does the foundation manage its administrative costs?
The foundation reports 0% officer compensation in all available filings, suggesting that administrative overhead related to executive salaries is either non-existent or covered by other means, allowing a very high proportion of funds to go towards program services (grants).
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth and fluctuation over time, from $2,151,463 in 2011 to a peak of $14,322,030 in 2021, and standing at $10,936,808 in 2023. This indicates a healthy endowment that is actively used and replenished.
Filing History
IRS 990 filing history for Richard S And Karen Lefrak Charitable Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Richard S And Karen Lefrak Charitable Foundation Inc's revenue has grown by 9.4%, moving from $3.0M to $3.3M. Total assets increased by 415.4% over the same period, from $2.1M to $10.9M. Total functional expenses rose by 33.7%, from $2.8M to $3.7M. In its most recent filing year (2023), Richard S And Karen Lefrak Charitable Foundation Inc reported a deficit of $461K, with expenses exceeding revenue. The organization holds $1 in liabilities against $10.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.7M | $10.9M | $1 | — | — |
| 2022 | $18K | $3.0M | $11.4M | $1 | — | — |
| 2021 | $3.6M | $2.3M | $14.3M | $1 | — | View 990 |
| 2020 | $11.9M | $8.5M | $13.0M | $1 | — | — |
| 2019 | $2.9M | $5.5M | $9.6M | $1 | — | View 990 |
| 2015 | $592K | $3.0M | $6.3M | $0 | — | View 990 |
| 2014 | $5.3M | $2.8M | $9.0M | $1 | — | View 990 |
| 2013 | $9.3M | $2.8M | $8.1M | $0 | — | View 990 |
| 2012 | $3.0M | $3.6M | $1.5M | $0 | — | View 990 |
| 2011 | $3.0M | $2.9M | $2.2M | $0 | — | View 990 |
| 2010 | $3.0M | $2.8M | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.7M, and assets of $10.9M (revenue +18162.6% year-over-year).
- 2022: Revenue of $18K, expenses of $3.0M, and assets of $11.4M (revenue -99.5% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.3M, and assets of $14.3M (revenue -69.3% year-over-year).
- 2020: Revenue of $11.9M, expenses of $8.5M, and assets of $13.0M (revenue +311.0% year-over-year).
- 2019: Revenue of $2.9M, expenses of $5.5M, and assets of $9.6M (revenue +388.8% year-over-year).
- 2015: Revenue of $592K, expenses of $3.0M, and assets of $6.3M (revenue -88.9% year-over-year).
- 2014: Revenue of $5.3M, expenses of $2.8M, and assets of $9.0M (revenue -42.6% year-over-year).
- 2013: Revenue of $9.3M, expenses of $2.8M, and assets of $8.1M (revenue +208.2% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.6M, and assets of $1.5M (revenue +1.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.9M, and assets of $2.2M (revenue -0.8% year-over-year).
- 2010: Revenue of $3.0M, expenses of $2.8M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard S And Karen Lefrak Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Richard S And Karen Lefrak Charitable 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.