Is Kenco Group Inc Voluntary Employee Benefit Association Trust Legit?
Quick charity verification for Kenco Group Inc Voluntary Employee Benefit Association Trust (EIN: 202653381)
Verdict: Kenco Group Inc Voluntary Employee Benefit Association Trust appears trustworthy
85/100Mission Score
$36.5MRevenue
$114KAssets
2Red Flags
4Strengths
Red Flags
Consistent expenses slightly exceeding revenue, potentially drawing down reserves if not managed by a related entity.
Zero reported officer compensation for an organization with over $36 million in revenue, which could indicate compensation is handled off-book or by a related entity, reducing transparency regarding leadership costs.
Strengths
Zero reported liabilities across all filings, indicating strong financial solvency.
Consistent and high program spending (benefit disbursements) relative to total expenses, aligning with its VEBA mission.
Consistent IRS 990 filing history, demonstrating good transparency and compliance.
No reported officer compensation, suggesting efficient use of funds for its primary purpose.
Spending Breakdown
How Kenco Group Inc Voluntary Employee Benefit Association Trust allocates its funds across programs, administration, and fundraising.
98%
Program Spending
Healthy — majority goes to mission
2%
Admin Costs
Reasonable — admin costs in check
0%
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 Kenco Group Inc Voluntary Employee Benefit Association Trust
Is Kenco Group Inc Voluntary Employee Benefit Association Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Kenco Group Inc Voluntary Employee Benefit Association Trust (EIN: 202653381) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Kenco Group Inc Voluntary Employee Benefit Association Trust a good charity to donate to?
Kenco Group Inc Voluntary Employee Benefit Association Trust has a Mission Score of 85/100. Revenue: $36.5M. Assets: $114K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kenco Group Inc Voluntary Employee Benefit Association Trust?
The Employer Identification Number (EIN) for Kenco Group Inc Voluntary Employee Benefit Association Trust is 202653381. 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 Kenco Group Inc Voluntary Employee Benefit Association Trust spend its money?
Kenco Group Inc Voluntary Employee Benefit Association Trust allocates 98% to programs, 2% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kenco Group Inc Voluntary Employee Benefit Association Trust's tax-exempt status?
You can verify Kenco Group Inc Voluntary Employee Benefit Association Trust's tax-exempt status using EIN 202653381 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
Kenco Group Inc Voluntary Employee Benefit Association Trust operates as a Voluntary Employee Benefit Association (VEBA), which typically means its primary function is to provide benefits to employees, rather than traditional charitable programs. Its financial health appears stable, with consistent revenue generation over the past decade, reaching $36,469,880 in the latest period. However, the organization consistently spends slightly more than its revenue, as seen in the 202305 period where expenses were $38,042,935 against $36,469,880 in revenue, resulting in a net deficit. This trend of expenses closely tracking or slightly exceeding revenue is common for VEBAs, as they aim to disburse benefits rather than accumulate large surpluses. The organization reports zero liabilities across all filings, indicating a strong balance sheet in that regard, though its assets are relatively low compared to its annual revenue, at $113,719 in the latest period. Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of financial figures.