Is Kate Risley Foundation Inc Legit? —…

Strengths

Consistent asset growth over a decade, from $1,311,698 in 2011 to $1,867,508 in 2023.
Zero officer compensation reported across all 10 available filings, indicating high efficiency in resource allocation.
Minimal liabilities consistently reported ($0 or $1), demonstrating sound financial management.
Strong program focus implied by the NTEE code (T22Z) and the absence of executive salaries.
High transparency with 10 years of publicly available IRS 990 filings.

Spending Breakdown

How Kate Risley Foundation Inc allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

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 Kate Risley Foundation Inc

Is Kate Risley Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Kate Risley Foundation Inc (EIN: 211826720) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.

Is Kate Risley Foundation Inc a good charity to donate to?

Kate Risley Foundation Inc has a Mission Score of 92/100. Revenue: $563K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kate Risley Foundation Inc?

The Employer Identification Number (EIN) for Kate Risley Foundation Inc is 211826720. 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 Kate Risley Foundation Inc spend its money?

Kate Risley Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kate Risley Foundation Inc's tax-exempt status?

You can verify Kate Risley Foundation Inc's tax-exempt status using EIN 211826720 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 Kate Risley Foundation Inc. demonstrates consistent financial stability with growing assets over the past decade, from $1,311,698 in 2011 to $1,867,508 in 2023. The organization's revenue has fluctuated, with a notable peak of $243,034 in 2020, but has generally exceeded expenses in most years, contributing to asset growth. For instance, in 2021, revenue was $235,057 against expenses of $116,430, indicating a healthy surplus. However, the most recent filing (2023) shows expenses of $124,827 exceeding revenue of $93,980, which warrants monitoring.

The foundation's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that a very high proportion of funds are directed towards its mission rather than administrative overhead for executive salaries. The organization's liabilities have consistently been reported as minimal ($0 or $1), indicating sound financial management and low debt risk. The NTEE code T22Z, 'Philanthropy, Voluntarism, and Grantmaking Foundations', suggests its primary function is grantmaking, which typically involves direct program support.

Transparency is high due to the availability of 10 years of IRS 990 filings and the clear reporting of financial metrics. The absence of officer compensation is a significant positive indicator of resource allocation. While the latest year shows a deficit, the overall trend of asset growth and minimal liabilities points to a well-managed and financially healthy organization focused on its programmatic goals.

Is Kate Risley Foundation Inc Legit?

Verdict: Kate Risley Foundation Inc appears trustworthy

Red Flags