Quick charity verification for Krimson Community Foundation (EIN: 10599770)
Verdict: Krimson Community Foundation appears trustworthy
85/100Mission Score
$0Revenue
$0Assets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $12,166 in 2013 to $208,502 in 2023.
Strong asset growth, from $11,833 in 2013 to $179,402 in 2023.
Zero liabilities reported across all filing periods, indicating excellent financial stability.
0% officer compensation reported, suggesting efficient use of funds or volunteer leadership.
Positive net income in most recent years, contributing to asset accumulation.
Spending Breakdown
How Krimson Community Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Krimson Community Foundation
Is Krimson Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Krimson Community Foundation (EIN: 10599770) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Krimson Community Foundation a good charity to donate to?
Krimson Community Foundation has a Mission Score of 85/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Krimson Community Foundation?
The Employer Identification Number (EIN) for Krimson Community Foundation is 10599770. 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 Krimson Community Foundation spend its money?
Krimson Community Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Krimson Community Foundation's tax-exempt status?
You can verify Krimson Community Foundation's tax-exempt status using EIN 10599770 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
Krimson Community Foundation demonstrates a pattern of consistent growth in revenue and assets over the past decade, indicating increasing financial capacity. In 2023, the organization reported revenue of $208,502 against expenses of $190,553, resulting in a surplus that contributed to its asset base of $179,402. The organization has consistently maintained zero liabilities across all reported periods, which is a strong indicator of financial stability and responsible fiscal management. This lack of debt suggests a healthy balance sheet and minimal financial risk.
While the provided data does not detail the breakdown of expenses into program, administrative, and fundraising categories, the overall trend of expenses growing in proportion to revenue suggests active operations. The consistent reporting of 0% officer compensation across all filings enhances transparency and suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. The organization's NTEE code B82 (Community Foundations) aligns with its name, suggesting a clear mission focus.
The consistent growth in assets, from $11,833 in 2013 to $179,402 in 2023, reflects effective financial stewardship and an ability to build reserves. The absence of liabilities further reinforces its strong financial health. To fully assess spending efficiency, a detailed breakdown of program versus administrative and fundraising expenses would be necessary, but the overall financial trajectory appears positive and stable.