Is Kastory Family Foundation Legit?

Quick charity verification for Kastory Family Foundation (EIN: 141837220)

Verdict: Kastory Family Foundation appears trustworthy

90/100Mission Score

$385KRevenue

$2.5MAssets

0Red Flags

5Strengths

No red flags identified.

Strengths

Consistent asset growth, increasing from $1.8M to over $2.6M in 12 years.
Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
Extremely low liabilities ($0 or $1) demonstrating strong financial health and minimal debt.
Consistent IRS 990 filing history over a decade, indicating good transparency and compliance.
Expenses generally remain below revenue, showing sound financial management and sustainability.

Spending Breakdown

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

90%

Program Spending

Healthy — majority goes to mission

10%

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 Kastory Family Foundation

Is Kastory Family Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Kastory Family Foundation (EIN: 141837220) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.

Is Kastory Family Foundation a good charity to donate to?

Kastory Family Foundation has a Mission Score of 90/100. Revenue: $385K. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kastory Family Foundation?

The Employer Identification Number (EIN) for Kastory Family Foundation is 141837220. 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 Kastory Family Foundation spend its money?

Kastory Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Kastory Family Foundation's tax-exempt status using EIN 141837220 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 Kastory Family Foundation demonstrates consistent financial stability with a healthy asset base, currently at $2,523,367. Over the past decade, its assets have shown steady growth, increasing from $1,825,042 in 2012 to $2,607,964 in 2024. The organization's revenue and expenses fluctuate year-to-year, which is common for foundations, but expenses generally remain below revenue, indicating sound financial management. For instance, in 2024, revenue was $202,857 against expenses of $194,224, resulting in a surplus. A notable aspect of its financial health is the consistent reporting of zero officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than administrative overhead related to executive pay. The foundation's liabilities are consistently reported as minimal ($0 or $1), further underscoring its robust financial position and low financial risk.

Regarding spending efficiency, the absence of officer compensation is a significant positive indicator. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests a lean operational structure. The foundation's primary function, given its NTEE code (T22 - Private Grantmaking Foundations), is to distribute grants, which inherently means a high proportion of its expenses should be programmatic. The consistent growth in assets while maintaining low liabilities and zero executive compensation points to efficient use of resources and a focus on long-term sustainability.

In terms of transparency, the consistent filing of IRS Form 990s over a decade provides a good historical record of its financial activities. The readily available data on revenue, expenses, assets, liabilities, and officer compensation allows for a basic but effective assessment of its financial health. The lack of officer compensation is a strong positive for transparency and public trust, as it indicates that the foundation's leadership is not drawing a salary from the organization's funds. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial, though this is often less detailed for private foundations.

View Full Transparency Report →

Disclaimer

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