Is Kentucky Society For Technology Ineducation Legit?
Quick charity verification for Kentucky Society For Technology Ineducation (EIN: 208996564)
Verdict: Kentucky Society For Technology Ineducation appears trustworthy
92/100Mission Score
$773KRevenue
$629KAssets
2Red Flags
5Strengths
Red Flags
Unusual reporting of negative liabilities in recent years (e.g., $-17,876 in 202306)
Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data, making precise efficiency calculations difficult.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in leadership costs.
Strong revenue growth, particularly from $125,670 in 202106 to $721,221 in 202306.
Positive net assets and generally low liabilities, demonstrating financial stability.
Consistent filing of IRS Form 990s over 13 periods, indicating good transparency and compliance.
Revenue consistently exceeding expenses in most recent periods, leading to healthy surpluses.
Spending Breakdown
How Kentucky Society For Technology Ineducation 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 Society For Technology Ineducation
Is Kentucky Society For Technology Ineducation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Society For Technology Ineducation (EIN: 208996564) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Kentucky Society For Technology Ineducation a good charity to donate to?
Kentucky Society For Technology Ineducation has a Mission Score of 92/100. Revenue: $773K. Assets: $629K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kentucky Society For Technology Ineducation?
The Employer Identification Number (EIN) for Kentucky Society For Technology Ineducation is 208996564. 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 Society For Technology Ineducation spend its money?
Kentucky Society For Technology Ineducation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kentucky Society For Technology Ineducation's tax-exempt status?
You can verify Kentucky Society For Technology Ineducation's tax-exempt status using EIN 208996564 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 Society For Technology Ineducation demonstrates generally sound financial health, with recent filings showing consistent revenue growth and positive net assets. In the 202306 period, the organization reported revenue of $721,221 against expenses of $601,435, indicating a healthy surplus. This trend of revenue exceeding expenses is largely consistent across recent years, with notable growth from $125,670 in 202106 to over $700,000 in 202306. The organization's assets have also shown growth, reaching $672,853 in 202306, which provides a solid financial foundation.
Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a significant portion of funds is likely directed towards program services rather than administrative overhead related to executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator for efficiency. The organization's liabilities have generally been low or even negative in recent years (e.g., $-17,876 in 202306), further indicating good financial management.
Transparency is enhanced by the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive historical view of its financial operations. The clear reporting of revenue, expenses, assets, and liabilities across these periods allows for a thorough assessment of its financial trajectory. The lack of reported officer compensation also contributes to transparency by showing that executive pay is not a significant financial drain.