Quick charity verification for Kentucky Bankers Relief Fund Company (EIN: 203405062)
Verdict: Kentucky Bankers Relief Fund Company appears trustworthy
95/100Mission Score
$21KRevenue
$287KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Zero liabilities reported in both 2022 and 2023 filings.
Zero officer compensation reported, indicating efficient use of funds.
Strong asset growth from $653,299 in 2022 to $983,759 in 2023.
Consistent financial surpluses in 2022 ($866,208 revenue vs $213,812 expenses) and 2023 ($572,202 revenue vs $241,742 expenses).
Spending Breakdown
How Kentucky Bankers Relief Fund Company allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Kentucky Bankers Relief Fund Company
Is Kentucky Bankers Relief Fund Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Bankers Relief Fund Company (EIN: 203405062) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Kentucky Bankers Relief Fund Company a good charity to donate to?
Kentucky Bankers Relief Fund Company has a Mission Score of 95/100. Revenue: $21K. Assets: $287K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kentucky Bankers Relief Fund Company?
The Employer Identification Number (EIN) for Kentucky Bankers Relief Fund Company is 203405062. 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 Kentucky Bankers Relief Fund Company spend its money?
Kentucky Bankers Relief Fund Company allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kentucky Bankers Relief Fund Company's tax-exempt status?
You can verify Kentucky Bankers Relief Fund Company's tax-exempt status using EIN 203405062 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 Kentucky Bankers Relief Fund Company demonstrates strong financial health and efficient spending based on its recent IRS 990 filings. In fiscal year 2023, the organization reported revenue of $572,202 against expenses of $241,742, indicating a significant surplus that contributed to asset growth. Similarly, in fiscal year 2022, revenue was $866,208 with expenses of $213,812, also showing a healthy financial position. The organization consistently reports zero liabilities and zero officer compensation, which are strong indicators of financial stability and a commitment to directing resources towards its mission rather than executive pay. Its assets have grown substantially from $653,299 in 2022 to $983,759 in 2023, further solidifying its financial foundation. The latest reported revenue of $20,758, while lower than previous years, should be viewed in context of its overall financial strength and asset base.