Is Kinston Towers I Legit?

Quick charity verification for Kinston Towers I (EIN: 208502305)

Verdict: Kinston Towers I appears trustworthy

75/100Mission Score

$1.6MRevenue

$2.0MAssets

3Red Flags

4Strengths

Red Flags

Consistent negative net asset position (liabilities exceed assets in all reported periods)
Lack of detailed expense breakdown beyond total expenses, limiting granular spending efficiency analysis
0% officer compensation for an organization of this size is unusual and warrants further inquiry into executive management structure and costs.

Strengths

Consistent revenue growth over the past decade (from $1,053,518 in 2014 to $1,261,907 in 2023)
Excellent transparency regarding executive compensation (0% reported)
Consistent operational surpluses in recent years (e.g., $1,261,907 revenue vs. $1,055,188 expenses in 2023)
Long history of IRS 990 filings (13 filings), indicating regulatory compliance

Spending Breakdown

How Kinston Towers I allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Kinston Towers I

Is Kinston Towers I a legitimate charity?

Based on AI analysis of IRS 990 filings, Kinston Towers I (EIN: 208502305) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Kinston Towers I a good charity to donate to?

Kinston Towers I has a Mission Score of 75/100. Revenue: $1.6M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kinston Towers I?

The Employer Identification Number (EIN) for Kinston Towers I is 208502305. 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 Kinston Towers I spend its money?

Kinston Towers I allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kinston Towers I's tax-exempt status?

You can verify Kinston Towers I's tax-exempt status using EIN 208502305 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

Kinston Towers I, operating under NTEE code L21 (Housing, Shelter), demonstrates consistent financial activity primarily focused on its program services. Over the past decade, its revenue has steadily increased from $1,053,518 in 2014 to $1,261,907 in 2023, indicating stable operational funding. The organization consistently reports 0% officer compensation, which suggests a volunteer-led or externally managed executive structure, enhancing its transparency regarding leadership costs. However, a notable trend is the organization's liabilities consistently exceeding its assets, with liabilities at $2,028,884 against assets of $1,674,289 in 2023. This negative net asset position warrants closer examination to understand the long-term financial stability and funding model, especially concerning debt management or specific asset classifications.

Spending efficiency appears to be reasonable, with expenses generally tracking below revenue, allowing for some accumulation of net assets in recent years (e.g., $1,261,907 revenue vs. $1,055,188 expenses in 2023). The absence of reported officer compensation is a strong indicator of efficient use of funds at the executive level. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency across these categories is limited. The consistent operational surplus in recent years suggests the organization is managing its day-to-day costs effectively relative to its income.

Transparency regarding executive compensation is excellent, with 0% reported. However, the overall financial transparency could be enhanced by providing more granular detail on expense allocation beyond just total expenses. The consistent negative net asset position, while not necessarily a red flag for all housing organizations (which may carry significant debt for property acquisition/maintenance), does require further context for a complete understanding of its financial health. The organization's consistent filing history over 13 periods indicates a commitment to regulatory compliance.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.