Quick charity verification for Kenan Center Inc (EIN: 166088230)
Verdict: Kenan Center Inc appears trustworthy
75/100Mission Score
$7.5MRevenue
$13.7MAssets
2Red Flags
4Strengths
Red Flags
Significant discrepancy between 'Latest Revenue' and historical annual revenues without explanation
Consistent reporting of 0% officer compensation for an organization of this size, potentially obscuring executive pay details
Strengths
Consistent growth in assets, from $6.7 million in 2014 to $7.2 million in 2023, indicating financial stability.
Expenses generally align with revenues, suggesting efficient use of annual income for operations.
Low liabilities relative to assets, indicating a strong balance sheet and low financial risk.
Long history of IRS 990 filings (13 filings), demonstrating consistent reporting and operational longevity.
Spending Breakdown
How Kenan Center 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 Kenan Center Inc
Is Kenan Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kenan Center Inc (EIN: 166088230) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Kenan Center Inc a good charity to donate to?
Kenan Center Inc has a Mission Score of 75/100. Revenue: $7.5M. Assets: $13.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kenan Center Inc?
The Employer Identification Number (EIN) for Kenan Center Inc is 166088230. 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 Kenan Center Inc spend its money?
Kenan Center Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kenan Center Inc's tax-exempt status?
You can verify Kenan Center Inc's tax-exempt status using EIN 166088230 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
Kenan Center Inc. demonstrates consistent financial activity, with revenues and expenses generally fluctuating around the $1 million mark over the past decade. The organization's assets have shown a steady increase, growing from $6.7 million in 2014 to $7.2 million in 2023, indicating a stable financial foundation. However, the latest reported revenue of $7,535,569 significantly deviates from the historical trend of approximately $1 million, suggesting a potential one-time event or a substantial change in funding structure not immediately clear from the provided annual filing data. This discrepancy warrants further investigation to understand the true scale of the organization's current operations.
The organization's spending efficiency appears reasonable, with expenses generally tracking closely to revenues. For instance, in 2023, expenses were $1,252,657 against revenues of $1,177,585, indicating that the organization is spending nearly all its annual income on its operations. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in a way that is captured by the 'Officer Comp' field, which would be unusual for an organization of this size. The low liabilities relative to assets also point to a healthy balance sheet.
Overall, Kenan Center Inc. appears to be a financially stable organization based on its historical 990 filings, with a growing asset base and a commitment to spending its income on its mission. The absence of reported officer compensation is a notable point for transparency, though the significant jump in 'Latest Revenue' compared to historical annual revenues requires clarification for a complete financial picture.