Is Kenneth M Begelman Md Charitable Foundation Legit?
Quick charity verification for Kenneth M Begelman Md Charitable Foundation (EIN: 202407322)
Verdict: Kenneth M Begelman Md Charitable Foundation shows mixed signals
65/100Mission Score
$144Revenue
$692Assets
3Red Flags
2Strengths
Red Flags
Sharp decline in revenue to $144 in 202312, significantly below historical levels.
Expenses ($1,000) exceeded revenue ($144) in 202312, further depleting assets.
Consistent decline in assets from $5,332 in 201112 to $692 in 202312.
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds for executive salaries.
Consistent filing of IRS Form 990, demonstrating transparency in financial reporting.
Spending Breakdown
How Kenneth M Begelman Md Charitable 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
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 M Begelman Md Charitable Foundation
Is Kenneth M Begelman Md Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kenneth M Begelman Md Charitable Foundation (EIN: 202407322) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Kenneth M Begelman Md Charitable Foundation a good charity to donate to?
Kenneth M Begelman Md Charitable Foundation has a Mission Score of 65/100. Revenue: $144. Assets: $692. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kenneth M Begelman Md Charitable Foundation?
The Employer Identification Number (EIN) for Kenneth M Begelman Md Charitable Foundation is 202407322. 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 M Begelman Md Charitable Foundation spend its money?
Kenneth M Begelman Md Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kenneth M Begelman Md Charitable Foundation's tax-exempt status?
You can verify Kenneth M Begelman Md Charitable Foundation's tax-exempt status using EIN 202407322 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 M Begelman Md Charitable Foundation appears to be a very small, family-run private foundation, as indicated by its NTEE code B82 (Private Grantmaking Foundations) and consistent low revenue and asset figures. Its financial health shows a pattern of operating near break-even or with slight deficits in most years, such as the 202312 period where expenses ($1,000) significantly exceeded revenue ($144), leading to a decrease in assets. While the organization consistently reports zero officer compensation, which is a positive for efficiency, its overall financial activity is minimal. The foundation's transparency is generally good given its consistent filing of IRS Form 990, but the extremely low revenue and assets in the latest period (202312) suggest very limited operational capacity or a winding down of activities.
The spending efficiency is difficult to fully assess without a detailed breakdown of expenses beyond total expenses. However, given the nature of a private foundation, most expenses would typically be program-related (grants). The consistent reporting of zero officer compensation across all available filings is a strong indicator of efficient use of funds in terms of administrative overhead related to executive salaries. The foundation's assets have steadily declined from a high of $5,332 in 201112 to just $692 in 202312, which, combined with the recent sharp drop in revenue, raises questions about its long-term sustainability and future grantmaking capacity.