Rifkind Family Foundation
Rifkind Family Foundation consistently spends more than its annual revenue, drawing down assets.
EIN: 133963803 · Wilmington, DE · NTEE: T20Z · Updated: 2026-03-28
Is Rifkind Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rifkind Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rifkind Family Foundation
Rifkind Family Foundation (EIN: 133963803) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20Z. The organization reported total revenue of $1.1M and total assets of $817K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rifkind Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rifkind Family Foundation is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 50.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $57K |
| Surplus / Deficit | $-11,726 |
| Total Assets | $556K |
| Total Liabilities | $1 |
| Net Assets | $556K |
| Operating Margin | -25.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 116.6 months |
Financial Health Grade: B
In 2023, Rifkind Family Foundation reported a deficit of $12K with expenses exceeding revenue, holds 116.6 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), Rifkind Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 50.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | +2.1% | -2.1% |
| 2022 | -3.0% | +10.0% | -0.4% |
| 2021 | +109.1% | -10.7% | +0.8% |
| 2020 | +28.3% | -1.8% | -5.1% |
| 2019 | -51.0% | -9.3% | -23.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Rifkind Family Foundation with a Mission Score of 70 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: 90%
- fundraising: 0%
According to IRS 990 filings, Rifkind 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 deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating no direct salary payments to its officers, which is a strong positive for minimizing administrative costs.
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 Rifkind Family Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most years, indicating asset drawdowns.
- Significant decline in assets over the past decade, from $861,468 in 2011 to $555,665 in 2023.
Strengths
The following positive indicators were identified for Rifkind Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for leadership.
- Very low liabilities ($0 or $1 across all filings), suggesting strong financial management and no significant debt.
Frequently Asked Questions about Rifkind Family Foundation
Is Rifkind Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rifkind Family Foundation (EIN: 133963803) some concerns. Mission Score: 70/100. 2 red flags identified, 2 strengths noted.
How does Rifkind Family Foundation spend its money?
Rifkind Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rifkind Family Foundation tax-deductible?
Rifkind Family Foundation is registered as a tax-exempt nonprofit (EIN: 133963803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Rifkind Family Foundation manage to consistently spend more than its revenue?
The foundation likely covers its deficit by drawing from its existing asset base, which has decreased from $861,468 in 2011 to $555,665 in 2023, reflecting this operational model.
What types of organizations does the Rifkind Family Foundation typically support?
As a private foundation (NTEE T20Z), it primarily makes grants to other charitable organizations, though specific beneficiaries are not detailed in this summary data.
Is the Rifkind Family Foundation financially sustainable given its spending patterns?
While its assets are substantial, the consistent trend of expenses exceeding revenue suggests a gradual depletion of its endowment. Long-term sustainability would depend on investment returns or future contributions reversing this trend.
Filing History
IRS 990 filing history for Rifkind Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rifkind Family Foundation's revenue has grown by 13041%, moving from $346 to $45K. Total assets decreased by 35.5% over the same period, from $861K to $556K. Total functional expenses rose by 2.3%, from $56K to $57K. In its most recent filing year (2023), Rifkind Family Foundation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $556K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $556K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $57K | $556K | $1 | — | View 990 |
| 2022 | $54K | $56K | $567K | $1 | — | View 990 |
| 2021 | $55K | $51K | $570K | $1 | — | View 990 |
| 2020 | $26K | $57K | $565K | $1 | — | View 990 |
| 2019 | $21K | $58K | $596K | $1 | — | View 990 |
| 2015 | $42K | $64K | $778K | $1 | — | View 990 |
| 2014 | $11K | $22K | $800K | $1 | — | View 990 |
| 2013 | $35K | $53K | $810K | $0 | — | View 990 |
| 2012 | $22K | $55K | $828K | $0 | — | View 990 |
| 2011 | $346 | $56K | $861K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $57K, and assets of $556K (revenue -15.3% year-over-year).
- 2022: Revenue of $54K, expenses of $56K, and assets of $567K (revenue -3.0% year-over-year).
- 2021: Revenue of $55K, expenses of $51K, and assets of $570K (revenue +109.1% year-over-year).
- 2020: Revenue of $26K, expenses of $57K, and assets of $565K (revenue +28.3% year-over-year).
- 2019: Revenue of $21K, expenses of $58K, and assets of $596K (revenue -51.0% year-over-year).
- 2015: Revenue of $42K, expenses of $64K, and assets of $778K (revenue +269.4% year-over-year).
- 2014: Revenue of $11K, expenses of $22K, and assets of $800K (revenue -67.4% year-over-year).
- 2013: Revenue of $35K, expenses of $53K, and assets of $810K (revenue +57.6% year-over-year).
- 2012: Revenue of $22K, expenses of $55K, and assets of $828K (revenue +6313.6% year-over-year).
- 2011: Revenue of $346, expenses of $56K, and assets of $861K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rifkind Family Foundation:
Data Sources and Methodology
This transparency report for Rifkind 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.