Quick charity verification for Koins For Kenya Inc (EIN: 205053322)
Verdict: Koins For Kenya Inc appears trustworthy
92/100Mission Score
$476KRevenue
$282KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong program spending ratio (85% in 2023)
No officer compensation reported across all filings
Consistent reporting of zero liabilities
Significant asset growth over recent years (from $78,676 in 2019 to $250,729 in 2023)
Positive revenue growth trend in recent fiscal periods
Spending Breakdown
How Koins For Kenya Inc 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 Koins For Kenya Inc
Is Koins For Kenya Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Koins For Kenya Inc (EIN: 205053322) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Koins For Kenya Inc a good charity to donate to?
Koins For Kenya Inc has a Mission Score of 92/100. Revenue: $476K. Assets: $282K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Koins For Kenya Inc?
The Employer Identification Number (EIN) for Koins For Kenya Inc is 205053322. 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 Koins For Kenya Inc spend its money?
Koins For Kenya Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Koins For Kenya Inc's tax-exempt status?
You can verify Koins For Kenya Inc's tax-exempt status using EIN 205053322 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
Koins For Kenya Inc demonstrates a generally healthy financial position, with consistent revenue growth over the past several years, culminating in $409,592 in revenue for the 2023 fiscal year. The organization maintains a strong program spending ratio, with 85% of expenses dedicated to program services in 2023, indicating efficient use of donor funds towards its mission. Their assets have also shown significant growth, reaching $250,729 in 2023, while consistently reporting zero liabilities, which is a strong indicator of financial stability and responsible management.
The organization's spending efficiency is commendable, particularly with its low administrative and fundraising costs. The absence of officer compensation further enhances its efficiency and transparency, ensuring that a greater proportion of funds directly support its charitable activities. While the organization's revenue has fluctuated in prior years, the recent trend shows positive growth and a healthy surplus in 2023, where revenue ($409,592) significantly exceeded expenses ($270,807). This consistent financial health and commitment to program spending suggest a well-managed and impactful nonprofit.