The Paul And Karen Levy Family Foundation
Paul And Karen Levy Family Foundation shows volatile revenue but consistent zero officer compensation.
EIN: 133982379 · Palm Beach, FL · NTEE: T22Z · Updated: 2026-03-28
Is The Paul And Karen Levy Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Paul And Karen Levy Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Paul And Karen Levy Family Foundation
The Paul And Karen Levy Family Foundation (EIN: 133982379) is a nonprofit organization based in Palm Beach, FL, classified under NTEE code T22Z. The organization reported total revenue of $7.4M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Paul And Karen Levy Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Paul And Karen Levy Family Foundation is a mid-size nonprofit that has been operating for 28 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$259K |
| Total Assets | $2.5M |
| Total Liabilities | $1 |
| Net Assets | $2.5M |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2023, The Paul And Karen Levy Family Foundation reported a surplus of $259K with revenue exceeding expenses, holds 7.5 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 (2011–2023), The Paul And Karen Levy Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2464.6% | +112.8% | -3.2% |
| 2022 | -97.8% | -17.3% | -39.9% |
| 2021 | +776.2% | -38.2% | +358.6% |
| 2020 | +89253400.0% | +87.5% | -75.0% |
| 2019 | -100.0% | +2.9% | +317.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Paul And Karen Levy Family Foundation 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, The Paul And Karen Levy 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 surplus of $259K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size and type.
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 Paul And Karen Levy Family Foundation's IRS 990 filings:
- Highly volatile revenue and expense figures year-over-year, making consistent financial planning challenging.
Strengths
The following positive indicators were identified for The Paul And Karen Levy Family Foundation:
- Consistent zero officer compensation, indicating high efficiency in directing funds to mission.
- Minimal liabilities across all reported periods, demonstrating sound financial management.
- Consistent filing of IRS Form 990s, ensuring transparency.
- Strong asset base relative to annual expenses in many periods, providing financial stability for future grantmaking.
Frequently Asked Questions about The Paul And Karen Levy Family Foundation
Is The Paul And Karen Levy Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Paul And Karen Levy Family Foundation (EIN: 133982379) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does The Paul And Karen Levy Family Foundation spend its money?
The Paul And Karen Levy Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Paul And Karen Levy Family Foundation tax-deductible?
The Paul And Karen Levy Family Foundation is registered as a tax-exempt nonprofit (EIN: 133982379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Paul And Karen Levy Family Foundation a good charity?
Based on the provided data, the foundation appears to be a well-managed grantmaking entity. Its consistent reporting of zero officer compensation and minimal liabilities are strong positive indicators of financial stewardship and a focus on its mission.
How does the foundation manage its expenses?
The foundation's expenses fluctuate significantly year-to-year, ranging from $1,921,107 in 2022 to $4,088,376 in 2023. Given its nature as a private foundation, a large portion of these expenses are likely grants distributed, with a small administrative overhead, especially considering the zero officer compensation.
What is the trend in the foundation's assets?
The foundation's assets have shown considerable fluctuation, from a low of $31,067 in 2014 to a high of $4,384,827 in 2021, and most recently $2,547,734 in 2023. This variability suggests that asset values are influenced by investment performance and the timing of contributions and distributions.
Filing History
IRS 990 filing history for The Paul And Karen Levy Family Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), The Paul And Karen Levy Family Foundation's revenue has grown by 58.7%, moving from $2.7M to $4.3M. Total assets increased by 1258.1% over the same period, from $188K to $2.5M. Total functional expenses rose by 51.2%, from $2.7M to $4.1M. In its most recent filing year (2023), The Paul And Karen Levy Family Foundation reported a surplus of $259K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.1M | $2.5M | $1 | — | — |
| 2022 | $170K | $1.9M | $2.6M | $1 | — | View 990 |
| 2021 | $7.8M | $2.3M | $4.4M | $1 | — | View 990 |
| 2020 | $893K | $3.8M | $956K | $1 | — | View 990 |
| 2019 | $1 | $2.0M | $3.8M | $1 | — | View 990 |
| 2015 | $2.8M | $1.9M | $914K | $100 | — | View 990 |
| 2014 | $1.5M | $1.8M | $31K | $25 | — | View 990 |
| 2013 | $1.8M | $1.7M | $371K | $28K | — | View 990 |
| 2012 | $65K | $11K | $253K | $0 | — | View 990 |
| 2012 | $1.6M | $1.6M | $199K | $1 | — | View 990 |
| 2011 | $2.7M | $2.7M | $188K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.1M, and assets of $2.5M (revenue +2464.6% year-over-year).
- 2022: Revenue of $170K, expenses of $1.9M, and assets of $2.6M (revenue -97.8% year-over-year).
- 2021: Revenue of $7.8M, expenses of $2.3M, and assets of $4.4M (revenue +776.2% year-over-year).
- 2020: Revenue of $893K, expenses of $3.8M, and assets of $956K (revenue +89253400.0% year-over-year).
- 2019: Revenue of $1, expenses of $2.0M, and assets of $3.8M (revenue -100.0% year-over-year).
- 2015: Revenue of $2.8M, expenses of $1.9M, and assets of $914K (revenue +86.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.8M, and assets of $31K (revenue -15.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $371K (revenue +2641.4% year-over-year).
- 2012: Revenue of $65K, expenses of $11K, and assets of $253K (revenue -96.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $199K (revenue -41.1% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Paul And Karen Levy Family Foundation:
Data Sources and Methodology
This transparency report for The Paul And Karen Levy 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.