Quick charity verification for Kerith Foundation (EIN: 202043179)
Verdict: Kerith Foundation appears trustworthy
85/100Mission Score
$5.1MRevenue
$7.0MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $456,532 expenses vs. $109,578 revenue in 2023.
Declining asset base from $7,766,718 in 2021 to $7,085,175 in 2023, suggesting reliance on reserves.
Significant year-over-year revenue volatility, making financial planning and sustainability challenging.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency at the executive level.
Very low liabilities ($1 in recent years), demonstrating a healthy balance sheet and no significant debt burden.
Substantial asset base ($7,085,175 in 2023) provides financial stability despite operational deficits.
Spending Breakdown
How Kerith Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Kerith Foundation
Is Kerith Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kerith Foundation (EIN: 202043179) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Kerith Foundation a good charity to donate to?
Kerith Foundation has a Mission Score of 85/100. Revenue: $5.1M. Assets: $7.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kerith Foundation?
The Employer Identification Number (EIN) for Kerith Foundation is 202043179. 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 Kerith Foundation spend its money?
Kerith Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kerith Foundation's tax-exempt status?
You can verify Kerith Foundation's tax-exempt status using EIN 202043179 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 Kerith Foundation exhibits a fluctuating financial profile, with recent years showing expenses significantly outpacing revenue. For instance, in fiscal year 2023, the organization reported revenue of $109,578 against expenses of $456,532, and in 2022, revenue was $77,534 compared to expenses of $412,123. This trend of deficit spending, while not immediately critical given its substantial assets of $7,085,175 in 2023, suggests a reliance on existing reserves or past large contributions rather than consistent operational income. The organization consistently reports minimal liabilities ($1 in recent years), indicating a healthy balance sheet in terms of debt.
Regarding spending efficiency, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment is challenging. However, the consistent reporting of 0% officer compensation across all available filings is a strong indicator of efficient use of funds at the executive level and suggests a volunteer-driven or very lean leadership structure. This practice enhances the organization's transparency and demonstrates a commitment to directing resources towards its mission rather than high executive salaries.
Overall, the Kerith Foundation appears financially stable due to its asset base, but its operational sustainability is questionable given the recent revenue-expense disparities. Its transparency is commendable regarding executive compensation, but more detailed expense breakdowns would further clarify its spending efficiency and program impact.