Is Bk Family Foundation Inc Legit?

Quick charity verification for Bk Family Foundation Inc (EIN: 136168525)

Verdict: Bk Family Foundation Inc shows mixed signals

65/100Mission Score

$36.0MRevenue

$25.4MAssets

4Red Flags

4Strengths

Red Flags

Extreme expense-to-revenue disparity in the latest filing (202406), with expenses 14 times higher than revenue.
Significant reduction in assets ($12.8M decrease from 2023 to 2024) to cover operational costs.
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment.
Consistent $0 officer compensation could indicate a lack of transparency if executive leadership is compensated through other means.

Strengths

Strong and growing asset base over the long term, from $15M in 2012 to $25M in 2024.
Consistently low liabilities ($0 or $1), indicating minimal debt burden and strong financial solvency.
Historically, expenses were well managed relative to revenue in most periods prior to 2024.
Zero reported officer compensation suggests high efficiency in executive leadership costs.

Spending Breakdown

How Bk Family Foundation Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Bk Family Foundation Inc

Is Bk Family Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bk Family Foundation Inc (EIN: 136168525) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.

Is Bk Family Foundation Inc a good charity to donate to?

Bk Family Foundation Inc has a Mission Score of 65/100. Revenue: $36.0M. Assets: $25.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bk Family Foundation Inc?

The Employer Identification Number (EIN) for Bk Family Foundation Inc is 136168525. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Bk Family Foundation Inc spend its money?

Bk Family Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bk Family Foundation Inc's tax-exempt status?

You can verify Bk Family Foundation Inc's tax-exempt status using EIN 136168525 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Bk Family Foundation Inc exhibits a highly unusual financial pattern, particularly in its latest filing (Period 202406) where expenses ($27,887,916) dramatically exceeded revenue ($1,888,996) by over 14 times. This significant deficit spending, while potentially covered by prior year surpluses or asset drawdowns, raises questions about the sustainability of its operational model if it becomes a recurring trend. Historically, the organization has generally maintained a more balanced financial position, with expenses typically well below revenue, as seen in Period 202306 (Revenue $6,369,039 vs. Expenses $1,999,800). The consistent reporting of $0 for officer compensation across all filings suggests either a fully volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs.

The organization's assets have shown substantial growth over the years, from $15,082,350 in 2012 to $25,421,516 in 2024, indicating a strong asset base. However, the recent sharp decline in assets from $38,285,543 in 2023 to $25,421,516 in 2024, coinciding with the large expense-to-revenue disparity, suggests a significant use of reserves. The consistent reporting of minimal liabilities ($0 or $1) across all periods is a positive indicator of financial stability and low debt burden. Without detailed functional expense breakdowns (program, administrative, fundraising), it's challenging to fully assess spending efficiency, but the zero officer compensation is a notable point regarding executive costs.

Overall, while the foundation maintains a strong asset base and low liabilities, the recent financial year's extreme expense-to-revenue ratio warrants closer scrutiny. The lack of reported officer compensation is a positive for cost efficiency but could also be a transparency concern if executive leadership is compensated through other means not clearly disclosed. Further details on the nature of the large expenses in the latest period would be crucial for a complete understanding of its financial health and spending efficiency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.