Is Kenneth Cornell Charitable Foundation Inc Legit?
Quick charity verification for Kenneth Cornell Charitable Foundation Inc (EIN: 201576755)
Verdict: Kenneth Cornell Charitable Foundation Inc appears trustworthy
85/100Mission Score
$460KRevenue
$2.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) in recent years, potentially eroding asset base.
Reliance on existing assets to cover operational costs without clear indication of new significant funding sources.
Strengths
Substantial asset base ($2,329,339 latest reported) provides financial stability.
Zero reported officer compensation, indicating highly efficient use of funds for mission.
Consistent IRS 990 filing history demonstrates transparency and compliance.
Very low liabilities ($1 across all filings) indicates strong financial health and minimal debt.
Spending Breakdown
How Kenneth Cornell Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Kenneth Cornell Charitable Foundation Inc
Is Kenneth Cornell Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kenneth Cornell Charitable Foundation Inc (EIN: 201576755) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Kenneth Cornell Charitable Foundation Inc a good charity to donate to?
Kenneth Cornell Charitable Foundation Inc has a Mission Score of 85/100. Revenue: $460K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kenneth Cornell Charitable Foundation Inc?
The Employer Identification Number (EIN) for Kenneth Cornell Charitable Foundation Inc is 201576755. 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 Kenneth Cornell Charitable Foundation Inc spend its money?
Kenneth Cornell Charitable Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kenneth Cornell Charitable Foundation Inc's tax-exempt status?
You can verify Kenneth Cornell Charitable Foundation Inc's tax-exempt status using EIN 201576755 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 Kenneth Cornell Charitable Foundation Inc demonstrates consistent financial stability with substantial assets, averaging over $2.3 million across its filing history. However, a notable trend in recent years is that expenses have frequently exceeded revenue. For instance, in 2023, expenses were $191,558 against revenues of $129,617, and in 2022, expenses were $216,950 against revenues of $105,690. This suggests the organization is drawing down on its asset base to cover operational costs and program spending. The foundation's transparency is bolstered by its consistent filing of IRS Form 990s over a decade, indicating adherence to reporting requirements. The absence of reported officer compensation across all filings is a significant positive indicator of efficient resource allocation and a volunteer-driven or minimally compensated leadership structure, which enhances public trust and ensures more funds are available for charitable purposes.