Is K2 Fam Foundation Legit?

Red Flags

Inconsistent and highly fluctuating annual revenues, including negative revenue in 2022.
Expenses frequently exceeding revenue, indicating reliance on asset drawdowns for operations.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment.
Consistent zero officer compensation for an organization with significant assets, which can sometimes mask compensation under other categories or indicate potential over-reliance on unpaid labor for a large operation.

Spending Breakdown

How K2 Fam Foundation allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 K2 Fam Foundation

Is K2 Fam Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, K2 Fam Foundation (EIN: 207124990) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.

Is K2 Fam Foundation a good charity to donate to?

K2 Fam Foundation has a Mission Score of 65/100. Revenue: $2.7M. Assets: $3.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for K2 Fam Foundation?

The Employer Identification Number (EIN) for K2 Fam Foundation is 207124990. 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 K2 Fam Foundation spend its money?

K2 Fam Foundation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify K2 Fam Foundation's tax-exempt status?

You can verify K2 Fam Foundation's tax-exempt status using EIN 207124990 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 K2 Fam Foundation exhibits inconsistent financial performance over the past decade. While the organization reported total revenue of $2,731,657 in its latest filing, its annual revenues have fluctuated significantly, including a negative revenue of $-4,671 in 2022. Expenses have generally outpaced revenue in several years, notably in 2023 where expenses were $507,883 against revenue of $242,557, and in 2022 where expenses were $547,309. The foundation's assets have shown growth over the long term, from $1,834,283 in 2011 to $3,687,998 currently, peaking at $5,158,295 in 2021, indicating a solid asset base despite operational deficits in some years. The consistent reporting of zero officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive for donor confidence regarding administrative overhead.

However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency. The consistent reporting of minimal liabilities ($0-$1 in recent years) is a strong indicator of financial stability and responsible debt management. The organization's transparency is good in terms of filing its IRS 990s consistently, but the lack of specific expense allocation in the provided data limits a deeper analysis of how funds are being utilized for its mission. The significant fluctuations in revenue and expenses year-over-year warrant closer examination to understand the underlying operational model and funding sources.

Overall, K2 Fam Foundation appears to be financially stable due to its asset base and low liabilities, but its operational efficiency and program impact are difficult to fully ascertain without more granular expense data. The absence of officer compensation is a notable positive for administrative efficiency.

Verdict: K2 Fam Foundation shows mixed signals