The Daniel And Karen Berman Foundation
The Daniel And Karen Berman Foundation consistently spends more than it earns, relying on past gains or assets.
EIN: 203966126 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $214K |
| Program Spending | 75% |
| Net Assets | $1.3M |
| Transparency Score | 55/100 |
Is The Daniel And Karen Berman Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Daniel And Karen Berman Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Daniel And Karen Berman Foundation
The Daniel And Karen Berman Foundation (EIN: 203966126) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $226K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Daniel And Karen Berman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Daniel And Karen Berman Foundation 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 -13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $214K |
| Surplus / Deficit | $-162,510 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -316.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 72.8 months |
Financial Health Grade: B
In 2023, The Daniel And Karen Berman Foundation reported a deficit of $163K with expenses exceeding revenue, holds 72.8 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), The Daniel And Karen Berman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.9% | +0.8% | -11.1% |
| 2022 | +6.7% | +32.8% | -10.5% |
| 2021 | -95.8% | +105.1% | -6.9% |
| 2020 | +1924.9% | +120.9% | +93.4% |
| 2019 | +12.7% | -69.9% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 The Daniel And Karen Berman Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Daniel And Karen Berman Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $163K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary, which is a positive sign for resource allocation.
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 The Daniel And Karen Berman Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses significantly exceed revenue in most recent years (e.g., $213,938 expenses vs. $51,428 revenue in 2023).
- Declining asset base: Assets have decreased from $1,751,366 in 2020 to $1,297,326 in 2023, indicating a potential draw-down of capital.
- Unclear long-term funding strategy: The reliance on sporadic large revenue years (like 2020) and consistent deficits suggests an unsustainable financial model without a clear plan for consistent income.
Strengths
The following positive indicators were identified for The Daniel And Karen Berman Foundation:
- No officer compensation: Officer compensation has consistently been reported as 0%, indicating efficient use of funds in this area.
- Substantial asset base: The foundation maintains significant assets ($1,293,267 in the latest period), providing a buffer despite operating deficits.
Frequently Asked Questions about The Daniel And Karen Berman Foundation
Is The Daniel And Karen Berman Foundation a legitimate charity?
The Daniel And Karen Berman Foundation (EIN: 203966126) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $226K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does The Daniel And Karen Berman Foundation spend its money?
The Daniel And Karen Berman Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Daniel And Karen Berman Foundation tax-deductible?
The Daniel And Karen Berman Foundation is registered as a tax-exempt nonprofit (EIN: 203966126). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Daniel And Karen Berman Foundation's spending goes to programs?
The Daniel And Karen Berman Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Daniel And Karen Berman Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), The Daniel And Karen Berman Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Daniel And Karen Berman Foundation located?
The Daniel And Karen Berman Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203966126. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Daniel And Karen Berman Foundation have?
The Daniel And Karen Berman Foundation 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 $226K in total revenue.
Is The Daniel And Karen Berman Foundation a good charity?
While the foundation does not pay officer compensation, its consistent operating deficits (e.g., $51,428 revenue vs. $213,938 expenses in 2023) raise concerns about its long-term financial sustainability and ability to consistently fund its mission without depleting assets.
How does the foundation fund its operations given the deficits?
The foundation appears to fund its operations through a combination of investment returns, prior year surpluses (such as the $923,577 revenue in 2020), and potentially drawing down its significant asset base, which stood at $1,293,267 in the latest period.
What is the trend in the foundation's assets?
The foundation's assets have shown a general decline in recent years, from a peak of $1,751,366 in 2020 to $1,297,326 in 2023, suggesting that the consistent operating deficits are impacting its capital.
Filing History
IRS 990 filing history for The Daniel And Karen Berman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Daniel And Karen Berman Foundation's revenue has declined by 81.5%, moving from $278K to $51K. Total assets increased by 14.6% over the same period, from $1.1M to $1.3M. Total functional expenses rose by 258.8%, from $60K to $214K. In its most recent filing year (2023), The Daniel And Karen Berman Foundation reported a deficit of $163K, with expenses exceeding revenue. 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 | $51K | $214K | $1.3M | $1 | — | — |
| 2022 | $41K | $212K | $1.5M | $1 | — | View 990 |
| 2021 | $39K | $160K | $1.6M | $1 | — | View 990 |
| 2020 | $924K | $78K | $1.8M | $1 | — | — |
| 2019 | $46K | $35K | $906K | $1 | — | View 990 |
| 2015 | $40K | $117K | $979K | $1 | — | View 990 |
| 2014 | $93K | $126K | $1.1M | $1 | — | View 990 |
| 2013 | $70K | $80K | $1.1M | $1 | — | View 990 |
| 2012 | $30K | $62K | $1.1M | $1 | — | View 990 |
| 2011 | $278K | $60K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $214K, and assets of $1.3M (revenue +23.9% year-over-year).
- 2022: Revenue of $41K, expenses of $212K, and assets of $1.5M (revenue +6.7% year-over-year).
- 2021: Revenue of $39K, expenses of $160K, and assets of $1.6M (revenue -95.8% year-over-year).
- 2020: Revenue of $924K, expenses of $78K, and assets of $1.8M (revenue +1924.9% year-over-year).
- 2019: Revenue of $46K, expenses of $35K, and assets of $906K (revenue +12.7% year-over-year).
- 2015: Revenue of $40K, expenses of $117K, and assets of $979K (revenue -56.6% year-over-year).
- 2014: Revenue of $93K, expenses of $126K, and assets of $1.1M (revenue +32.5% year-over-year).
- 2013: Revenue of $70K, expenses of $80K, and assets of $1.1M (revenue +137.5% year-over-year).
- 2012: Revenue of $30K, expenses of $62K, and assets of $1.1M (revenue -89.3% year-over-year).
- 2011: Revenue of $278K, expenses of $60K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Daniel And Karen Berman Foundation:
Data Sources and Methodology
This transparency report for The Daniel And Karen Berman 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.