Quick charity verification for Key Food Stores Foundation Inc (EIN: 116035538)
Verdict: Key Food Stores Foundation Inc appears trustworthy
85/100Mission Score
$1.3MRevenue
$568KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest 202308 filing ($1,323,251 vs $1,196,947).
Strengths
Consistent 0% officer compensation across all filings.
Significant growth in revenue and assets over the past decade.
History of consistent IRS 990 filings, indicating transparency.
Generally stable financial operations with revenues often exceeding expenses.
Spending Breakdown
How Key Food Stores Foundation Inc 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 Key Food Stores Foundation Inc
Is Key Food Stores Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Key Food Stores Foundation Inc (EIN: 116035538) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Key Food Stores Foundation Inc a good charity to donate to?
Key Food Stores Foundation Inc has a Mission Score of 85/100. Revenue: $1.3M. Assets: $568K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Key Food Stores Foundation Inc?
The Employer Identification Number (EIN) for Key Food Stores Foundation Inc is 116035538. 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 Key Food Stores Foundation Inc spend its money?
Key Food Stores Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Key Food Stores Foundation Inc's tax-exempt status?
You can verify Key Food Stores Foundation Inc's tax-exempt status using EIN 116035538 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 Key Food Stores Foundation Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses in most recent years, indicating a stable operational model. For instance, in 202208, revenue was $1,129,633 against expenses of $1,087,913. However, the latest filing for 202308 shows expenses ($1,323,251) exceeding revenue ($1,196,947), resulting in a deficit for that period. The organization's assets have fluctuated, reaching a high of $905,174 in 202208 before decreasing to $763,495 in 202308, suggesting some draw on reserves or investment changes.
The foundation's financial health appears generally sound, with a history of managing its finances effectively over the past decade, showing significant growth in revenue and assets since 2011. A key strength is the reported 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. This practice enhances its spending efficiency and transparency, as a larger proportion of funds can be allocated to programs.
While specific program spending percentages are not detailed in the provided data, the absence of officer compensation is a positive indicator of efficient resource allocation. The foundation's consistent filing history also points to a commitment to transparency. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The recent deficit in 202308 warrants monitoring to ensure it's an anomaly rather than a trend.