Quick charity verification for Krone Foundation Inc (EIN: 205810908)
Verdict: Krone Foundation Inc appears trustworthy
95/100Mission Score
$4.2MRevenue
$5.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Exceptional financial health with consistent asset growth (from $1.1M in 2011 to $3.7M in 2023).
Extremely low expense ratio relative to revenue and assets (e.g., $88,544 expenses on $918,397 revenue in 2023).
Zero officer compensation across all filings, indicating volunteer leadership and high dedication.
Minimal liabilities ($0 or $1) across all periods, demonstrating strong financial stability.
Strong program focus implied by low operational overhead for a grantmaking foundation.
Spending Breakdown
How Krone Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 Krone Foundation Inc
Is Krone Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Krone Foundation Inc (EIN: 205810908) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Krone Foundation Inc a good charity to donate to?
Krone Foundation Inc has a Mission Score of 95/100. Revenue: $4.2M. Assets: $5.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Krone Foundation Inc?
The Employer Identification Number (EIN) for Krone Foundation Inc is 205810908. 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 Krone Foundation Inc spend its money?
Krone Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Krone Foundation Inc's tax-exempt status?
You can verify Krone Foundation Inc's tax-exempt status using EIN 205810908 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 Krone Foundation Inc. demonstrates a strong financial position with consistently growing assets, reaching $3,760,585 in the latest filing period (202312). The organization's revenue has fluctuated, with a notable increase to $918,397 in 202312, significantly higher than previous years. A key strength is its extremely low expense ratio relative to revenue and assets, indicating efficient operations. For instance, in 202312, expenses were only $88,544 against $918,397 in revenue. The organization also reports zero officer compensation across all available filings, which is a strong indicator of volunteer leadership and dedication to mission over personal gain.
The foundation's spending efficiency appears very high, as expenses are consistently a small fraction of its revenue and asset base. This suggests that a significant portion of its financial resources is either being retained for future programming or directly applied to its mission without substantial overhead. The consistent reporting of minimal liabilities ($1 or $0) across all periods further underscores financial stability and responsible management. The lack of officer compensation also points to a high degree of transparency and a focus on maximizing resources for programmatic impact.
Given the NTEE code T20 (Philanthropy, Voluntarism, and Grantmaking Foundations), the low expenses relative to assets and revenue suggest that the foundation primarily functions as a grantmaker, distributing funds rather than incurring high direct program costs. The consistent growth in assets, coupled with minimal operational expenses and zero executive compensation, paints a picture of a financially sound and efficiently managed philanthropic entity.