Sax Charitable Foundation Inc
Sax Charitable Foundation operates with zero officer compensation and modest, fluctuating revenues.
EIN: 204191019 · Parsippany, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $215K |
| Total Expenses | $135K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $150,578. |
| Net Assets | $19K |
| Transparency Score | 85/100 |
Is Sax 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 →
Sax Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sax Charitable Foundation Inc
Sax Charitable Foundation Inc (EIN: 204191019) is a nonprofit organization based in Parsippany, NJ, classified under NTEE code T20. The organization reported total revenue of $215K and total assets of $32K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sax Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sax Charitable Foundation Inc is a small nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 81.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $135K |
| Surplus / Deficit | +$16K |
| Total Assets | $19K |
| Total Liabilities | $1 |
| Net Assets | $19K |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.7 months |
Financial Health Grade: A
In 2023, Sax Charitable Foundation Inc reported a surplus of $16K with revenue exceeding expenses, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Sax Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 81.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.0% | +4.0% | +429.9% |
| 2022 | +31.6% | +78.7% | -85.2% |
| 2021 | -31.3% | -45.0% | +72.1% |
| 2020 | +22.6% | +42.0% | -65.2% |
| 2016 | +38.3% | +11.6% | +15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Sax Charitable Foundation 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, Sax Charitable Foundation 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 surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are either unpaid volunteers or receive no compensation, which is highly efficient for an organization of its size with revenues up to $150,578.
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 Sax Charitable Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication.
- Minimal liabilities across all filing periods, showing strong financial health.
- Revenue growth in recent years, from $82,860 in 2021 to $150,578 in 2023.
- Expenses generally kept below revenue, as seen in 2023 ($135,040 expenses vs. $150,578 revenue).
Frequently Asked Questions about Sax Charitable Foundation Inc
Is Sax Charitable Foundation Inc a legitimate charity?
Sax Charitable Foundation Inc (EIN: 204191019) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $215K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Sax Charitable Foundation Inc spend its money?
Sax Charitable Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Sax Charitable Foundation Inc tax-deductible?
Sax Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204191019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sax Charitable Foundation Inc CEO make?
Sax Charitable Foundation Inc's highest-compensated officer earns $150,578. annually. The organization reported $215K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Sax Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sax Charitable Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sax Charitable Foundation Inc located?
Sax Charitable Foundation Inc is headquartered in Parsippany, New Jersey and files with the IRS under EIN 204191019. It is classified under NTEE code T20.
How many years of IRS 990 filings does Sax Charitable Foundation Inc have?
Sax Charitable Foundation Inc has 9 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 $215K in total revenue.
Is Sax Charitable Foundation Inc. financially stable?
The foundation shows reasonable financial stability, with revenues generally exceeding expenses in recent years (e.g., $150,578 revenue vs. $135,040 expenses in 2023). Assets have fluctuated but are growing again, reaching $19,152 in 2023, and liabilities are consistently minimal.
How does the organization manage its administrative costs?
Administrative costs appear to be very low, primarily due to the consistent reporting of 0% officer compensation across all available filings, suggesting a highly efficient, possibly volunteer-led, operational model.
What is the trend in the foundation's revenue?
Revenue has shown an upward trend in recent years, increasing from $82,860 in 2021 to $150,578 in 2023, despite a dip in 2022. This indicates growing financial support.
Filing History
IRS 990 filing history for Sax Charitable Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Sax Charitable Foundation Inc's revenue has grown by 71946.9%, moving from $209 to $151K. Total assets decreased by 46% over the same period, from $35K to $19K. Total functional expenses rose by 7164.1%, from $2K to $135K. In its most recent filing year (2023), Sax Charitable Foundation Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $1 in liabilities against $19K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $151K | $135K | $19K | $1 | — | View 990 |
| 2022 | $109K | $130K | $4K | $1 | — | View 990 |
| 2021 | $83K | $73K | $24K | $1 | — | View 990 |
| 2020 | $121K | $132K | $14K | $1 | — | View 990 |
| 2016 | $98K | $93K | $41K | $0 | — | View 990 |
| 2015 | $71K | $83K | $35K | $1 | — | View 990 |
| 2014 | $104K | $95K | $48K | $0 | — | View 990 |
| 2013 | $59K | $57K | $38K | $0 | — | View 990 |
| 2012 | $209 | $2K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $151K, expenses of $135K, and assets of $19K (revenue +38.0% year-over-year).
- 2022: Revenue of $109K, expenses of $130K, and assets of $4K (revenue +31.6% year-over-year).
- 2021: Revenue of $83K, expenses of $73K, and assets of $24K (revenue -31.3% year-over-year).
- 2020: Revenue of $121K, expenses of $132K, and assets of $14K (revenue +22.6% year-over-year).
- 2016: Revenue of $98K, expenses of $93K, and assets of $41K (revenue +38.3% year-over-year).
- 2015: Revenue of $71K, expenses of $83K, and assets of $35K (revenue -31.9% year-over-year).
- 2014: Revenue of $104K, expenses of $95K, and assets of $48K (revenue +75.7% year-over-year).
- 2013: Revenue of $59K, expenses of $57K, and assets of $38K (revenue +28345.9% year-over-year).
- 2012: Revenue of $209, expenses of $2K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sax Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Sax 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.