Quick charity verification for K & L Baxter Family Foundation Inc (EIN: 204006397)
Verdict: K & L Baxter Family Foundation Inc shows mixed signals
65/100Mission Score
$50KRevenue
$52KAssets
3Red Flags
3Strengths
Red Flags
Significant and recurring deficits where expenses far exceed reported revenue (e.g., 2023, 2021, 2020, 2019).
Highly inconsistent annual revenue, with several years reporting minimal income ($1).
Fluctuating asset base, indicating potential reliance on asset drawdowns to cover operational costs.
Strengths
Consistent reporting of 0% officer compensation, indicating no executive pay.
Regular filing of IRS Form 990s, demonstrating compliance and transparency.
As a private foundation, its primary purpose is grantmaking, which is inherently program-focused.
Spending Breakdown
How K & L Baxter 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
5%
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 K & L Baxter Family Foundation Inc
Is K & L Baxter Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, K & L Baxter Family Foundation Inc (EIN: 204006397) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is K & L Baxter Family Foundation Inc a good charity to donate to?
K & L Baxter Family Foundation Inc has a Mission Score of 65/100. Revenue: $50K. Assets: $52K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for K & L Baxter Family Foundation Inc?
The Employer Identification Number (EIN) for K & L Baxter Family Foundation Inc is 204006397. 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 K & L Baxter Family Foundation Inc spend its money?
K & L Baxter 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 K & L Baxter Family Foundation Inc's tax-exempt status?
You can verify K & L Baxter Family Foundation Inc's tax-exempt status using EIN 204006397 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
The K & L Baxter Family Foundation Inc. exhibits inconsistent financial activity over its filing history. While the latest reported revenue is $50,000 with assets of $51,684, a review of past 990 filings reveals significant fluctuations. For instance, in 2023, the organization reported $100,000 in revenue but incurred $127,567 in expenses, leading to a deficit. Similarly, in 2020 and 2019, expenses significantly outstripped minimal revenue, suggesting reliance on prior assets or other funding not reflected as revenue in those specific years. The foundation consistently reports 0% officer compensation, which is a positive indicator for donor confidence regarding executive pay.
The organization's financial health appears volatile, with periods of substantial deficits (e.g., 2023, 2020, 2019) where expenses far exceeded revenue. This pattern raises questions about long-term sustainability if not supported by a consistent funding strategy beyond what is reported as annual revenue. The NTEE code T22 (Private Grantmaking Foundations) suggests its primary activity is grantmaking, which typically involves distributing funds rather than incurring high program expenses directly. Without detailed expense breakdowns, it's challenging to fully assess spending efficiency, but the recurring deficits are a concern. Transparency is generally good given the 0% officer compensation and consistent filing of 990s, but the financial instability warrants closer examination.