Quick charity verification for Korver Huisman Charitable Foundation (EIN: 200125973)
Verdict: Korver Huisman Charitable Foundation shows mixed signals
65/100Mission Score
$3KRevenue
$26KAssets
4Red Flags
3Strengths
Red Flags
Significant decline in assets from $168,837 in 2011 to $26,306 in 2023.
Inconsistent revenue generation and periods of significant deficits in prior years (e.g., 202212, 202112).
Unusual consistent reporting of $1 in liabilities across all filings.
Very low expenses in recent years ($1,305 in 2023) could indicate minimal program activity relative to its potential.
Strengths
Zero officer compensation reported across all filings, indicating strong financial transparency regarding executive pay.
Very low administrative overhead based on the minimal expenses reported in recent years (e.g., $1,305 total expenses in 2023).
Positive net income in the latest filing period (202312) with revenue of $26,033 against expenses of $1,305.
Spending Breakdown
How Korver Huisman Charitable Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
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 Korver Huisman Charitable Foundation
Is Korver Huisman Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Korver Huisman Charitable Foundation (EIN: 200125973) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Korver Huisman Charitable Foundation a good charity to donate to?
Korver Huisman Charitable Foundation has a Mission Score of 65/100. Revenue: $3K. Assets: $26K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Korver Huisman Charitable Foundation?
The Employer Identification Number (EIN) for Korver Huisman Charitable Foundation is 200125973. 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 Korver Huisman Charitable Foundation spend its money?
Korver Huisman Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Korver Huisman Charitable Foundation's tax-exempt status?
You can verify Korver Huisman Charitable Foundation's tax-exempt status using EIN 200125973 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 Korver Huisman Charitable Foundation demonstrates a mixed financial picture. While the organization has consistently reported zero officer compensation across all available filings, indicating good transparency regarding executive pay, its financial health shows significant fluctuations. In the latest period (202312), the foundation reported revenue of $26,033 against expenses of $1,305, resulting in a substantial surplus. However, prior years, such as 202212 (revenue $973, expenses $1,840) and 202112 (revenue $725, expenses $3,319), show consistent deficits, suggesting an inconsistent funding model or varying levels of activity. The foundation's assets have also seen a considerable decline over the years, from $168,837 in 201112 to $26,306 in 202312, which could indicate a strategy of spending down its endowment or a lack of asset growth. The low expense figures in recent years, particularly the $1,305 in 202312, suggest minimal program activity or very efficient operations, but without a detailed breakdown of expenses, it's difficult to fully assess spending efficiency. The consistent reporting of liabilities at $1 across all filings is unusual and may warrant further investigation into their accounting practices.