Quick charity verification for Kinneret Foundation Inc (EIN: 205878271)
Verdict: Kinneret Foundation Inc has notable concerns
10/100Mission Score
$1Revenue
$21KAssets
4Red Flags
1Strengths
Red Flags
Consistent and severe revenue shortfalls compared to expenses (e.g., $174 revenue vs. $51,890 expenses in 2023).
Drastic decline in assets over time (from $578,219 in 2011 to $78,315 in 2023).
Extremely low reported revenue in recent years ($1 in latest, $10 in 2021).
Lack of transparency regarding the nature of significant expenses given minimal revenue.
Strengths
No reported officer compensation, indicating volunteer leadership.
Spending Breakdown
How Kinneret Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
0%
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 Kinneret Foundation Inc
Is Kinneret Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kinneret Foundation Inc (EIN: 205878271) has notable concerns. Mission Score: 10/100. 4 red flags identified, 1 strength noted.
Is Kinneret Foundation Inc a good charity to donate to?
Kinneret Foundation Inc has a Mission Score of 10/100. Revenue: $1. Assets: $21K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kinneret Foundation Inc?
The Employer Identification Number (EIN) for Kinneret Foundation Inc is 205878271. 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 Kinneret Foundation Inc spend its money?
Kinneret Foundation Inc allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kinneret Foundation Inc's tax-exempt status?
You can verify Kinneret Foundation Inc's tax-exempt status using EIN 205878271 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 Kinneret Foundation Inc. exhibits a highly concerning financial trend, with revenues consistently failing to cover expenses in recent years. For example, in 2023, revenue was only $174 against expenses of $51,890, and in 2021, revenue was $10 while expenses were $414,500. This significant and persistent deficit spending, coupled with a drastic decline in assets from a high of $578,219 in 2011 to $78,315 in 2023, indicates severe financial instability and an unsustainable operating model. The organization's latest reported revenue is only $1, which is extremely low for any operational entity.
The lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the overall revenue-to-expense ratio. However, the sheer magnitude of the deficits suggests that the organization is either drawing heavily from reserves (which are dwindling) or relying on undisclosed funding sources to cover its operational costs. The consistent reporting of zero officer compensation is a positive note regarding executive pay, but it does not mitigate the broader financial health concerns.
Given the extreme financial discrepancies and the minimal reported revenue, the organization's long-term viability and its ability to effectively pursue its mission are highly questionable. The significant asset decline over the past decade further underscores these concerns, suggesting a prolonged period of financial distress.