Consistent revenue growth, from $84,903 in 2011 to $1,158,076 in 2022.
Strong asset accumulation, reaching $2,045,594 in 2022 from $439,718 in 2011.
Zero reported officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
Zero liabilities reported in most recent filings (2022, 2017, 2015, 2012, 2011), demonstrating excellent financial health.
Healthy operational surplus in the latest period, with revenue of $1,158,076 exceeding expenses of $1,075,503.
Spending Breakdown
How Kingsborough Education Foundationinc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Kingsborough Education Foundationinc
Is Kingsborough Education Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kingsborough Education Foundationinc (EIN: 205658970) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Kingsborough Education Foundationinc a good charity to donate to?
Kingsborough Education Foundationinc has a Mission Score of 95/100. Revenue: $1.1M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kingsborough Education Foundationinc?
The Employer Identification Number (EIN) for Kingsborough Education Foundationinc is 205658970. 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 Kingsborough Education Foundationinc spend its money?
Kingsborough Education Foundationinc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kingsborough Education Foundationinc's tax-exempt status?
You can verify Kingsborough Education Foundationinc's tax-exempt status using EIN 205658970 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
Kingsborough Education Foundation Inc. demonstrates strong financial health and efficient spending, particularly in its most recent filing period. In 2022, the organization reported revenues of $1,158,076 against expenses of $1,075,503, indicating a healthy operational surplus. The foundation has shown consistent growth in both revenue and assets over the past decade, with assets growing from $439,718 in 2011 to $2,045,594 in 2022. This growth, coupled with zero reported liabilities in most recent filings, suggests robust financial management and stability.
The organization's spending efficiency appears high, as evidenced by the significant difference between revenue and expenses in several periods, allowing for asset accumulation. The absence of reported officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice aligns well with best practices for non-profit financial stewardship.
Overall, Kingsborough Education Foundation Inc. presents as a financially sound and transparent organization. Its consistent growth, low expense ratios relative to revenue in many periods, and the complete lack of officer compensation contribute to a positive assessment of its financial health and operational integrity.