Steven W And Ruth Katz Family Foundation Inc
Steven W And Ruth Katz Family Foundation consistently grows assets with zero officer compensation.
EIN: 20652257 · Short Hills, NJ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $156K |
| Program Spending | 95% |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is Steven W And Ruth Katz Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steven W And Ruth Katz Family Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steven W And Ruth Katz Family Foundation Inc
Steven W And Ruth Katz Family Foundation Inc (EIN: 20652257) is a nonprofit organization based in Short Hills, NJ, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steven W And Ruth Katz Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steven W And Ruth Katz Family Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $156K |
| Surplus / Deficit | +$37K |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 19.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 96.8 months |
Financial Health Grade: A
In 2023, Steven W And Ruth Katz Family Foundation Inc reported a surplus of $37K with revenue exceeding expenses, holds 96.8 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), Steven W And Ruth Katz Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.4% | -12.6% | +3.1% |
| 2022 | -10.9% | +2.4% | +7.1% |
| 2021 | +18.8% | +22.3% | +9.5% |
| 2020 | +30.4% | +5.9% | +10.5% |
| 2019 | +103.9% | +140.6% | +21.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Steven W And Ruth Katz Family Foundation Inc with a Mission Score of 92 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, Steven W And Ruth Katz Family 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 surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly unusual for a foundation of its size and suggests a volunteer-led or very lean operational model.
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 Steven W And Ruth Katz Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses in provided data, making it difficult to precisely determine program vs. administrative spending without full 990 access.
Strengths
The following positive indicators were identified for Steven W And Ruth Katz Family Foundation Inc:
- Consistent asset growth, from $561,162 in 2011 to $1,259,150 in 2023.
- Zero reported officer compensation across all filings, maximizing funds for mission.
- Very low liabilities, often reported as $1, indicating strong financial management.
- Consistent revenue exceeding expenses in most years, contributing to financial stability.
- Regular IRS 990 filings over a decade, demonstrating commitment to transparency.
Frequently Asked Questions about Steven W And Ruth Katz Family Foundation Inc
Is Steven W And Ruth Katz Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Steven W And Ruth Katz Family Foundation Inc (EIN: 20652257) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Steven W And Ruth Katz Family Foundation Inc spend its money?
Steven W And Ruth Katz Family Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steven W And Ruth Katz Family Foundation Inc tax-deductible?
Steven W And Ruth Katz Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20652257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Steven W And Ruth Katz Family Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Steven W And Ruth Katz Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Steven W And Ruth Katz Family Foundation Inc located?
Steven W And Ruth Katz Family Foundation Inc is headquartered in Short Hills, New Jersey and files with the IRS under EIN 20652257. It is classified under NTEE code T22.
How many years of IRS 990 filings does Steven W And Ruth Katz Family Foundation Inc have?
Steven W And Ruth Katz Family Foundation 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 $1.5M in total revenue.
Is Steven W And Ruth Katz Family Foundation Inc a good charity?
Based on the available financial data, the foundation appears to be a very good charity. It consistently grows its assets, maintains minimal liabilities, and reports 0% officer compensation, suggesting a very high proportion of funds are directed towards its mission.
How has the foundation's financial health changed over time?
The foundation has shown consistent financial growth, with assets more than doubling from $561,162 in 2011 to $1,259,150 in 2023. Revenue has also generally increased over this period, indicating stable and growing financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers. This suggests a highly volunteer-driven model or that all compensation is covered by other means not reported as officer compensation.
Filing History
IRS 990 filing history for Steven W And Ruth Katz Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Steven W And Ruth Katz Family Foundation Inc's revenue has grown by 346.8%, moving from $43K to $193K. Total assets increased by 124.4% over the same period, from $561K to $1.3M. Total functional expenses rose by 211%, from $50K to $156K. In its most recent filing year (2023), Steven W And Ruth Katz Family Foundation Inc reported a surplus of $37K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $156K | $1.3M | $1 | — | — |
| 2022 | $259K | $179K | $1.2M | $1 | — | View 990 |
| 2021 | $291K | $175K | $1.1M | $1 | — | View 990 |
| 2020 | $245K | $143K | $1.0M | $1 | — | View 990 |
| 2019 | $188K | $135K | $943K | $1 | — | View 990 |
| 2015 | $92K | $56K | $774K | $1 | — | View 990 |
| 2014 | $152K | $105K | $738K | $0 | — | View 990 |
| 2013 | $165K | $100K | $704K | $1 | — | View 990 |
| 2012 | $126K | $48K | $639K | $0 | — | View 990 |
| 2011 | $43K | $50K | $561K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $156K, and assets of $1.3M (revenue -25.4% year-over-year).
- 2022: Revenue of $259K, expenses of $179K, and assets of $1.2M (revenue -10.9% year-over-year).
- 2021: Revenue of $291K, expenses of $175K, and assets of $1.1M (revenue +18.8% year-over-year).
- 2020: Revenue of $245K, expenses of $143K, and assets of $1.0M (revenue +30.4% year-over-year).
- 2019: Revenue of $188K, expenses of $135K, and assets of $943K (revenue +103.9% year-over-year).
- 2015: Revenue of $92K, expenses of $56K, and assets of $774K (revenue -39.4% year-over-year).
- 2014: Revenue of $152K, expenses of $105K, and assets of $738K (revenue -7.7% year-over-year).
- 2013: Revenue of $165K, expenses of $100K, and assets of $704K (revenue +30.6% year-over-year).
- 2012: Revenue of $126K, expenses of $48K, and assets of $639K (revenue +191.1% year-over-year).
- 2011: Revenue of $43K, expenses of $50K, and assets of $561K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steven W And Ruth Katz Family Foundation Inc:
Data Sources and Methodology
This transparency report for Steven W And Ruth Katz Family 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.