Quick charity verification for Luther & Teresa King Fam Foundation (EIN: 203781741)
Verdict: Luther & Teresa King Fam Foundation appears trustworthy
95/100Mission Score
$7.0MRevenue
$30.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and significant asset growth, from $1.6M in 2012 to $29.4M in 2023.
Revenue consistently and substantially exceeds expenses, indicating strong financial health and sustainability.
Zero officer compensation reported across all filings, suggesting high efficiency and volunteer leadership.
Very low liabilities ($1 or $0) across all periods, indicating sound financial management.
Excellent spending efficiency, with expenses typically representing a small fraction of revenue.
Spending Breakdown
How Luther & Teresa King Fam 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 Luther & Teresa King Fam Foundation
Is Luther & Teresa King Fam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Luther & Teresa King Fam Foundation (EIN: 203781741) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Luther & Teresa King Fam Foundation a good charity to donate to?
Luther & Teresa King Fam Foundation has a Mission Score of 95/100. Revenue: $7.0M. Assets: $30.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Luther & Teresa King Fam Foundation?
The Employer Identification Number (EIN) for Luther & Teresa King Fam Foundation is 203781741. 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 Luther & Teresa King Fam Foundation spend its money?
Luther & Teresa King Fam Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Luther & Teresa King Fam Foundation's tax-exempt status?
You can verify Luther & Teresa King Fam Foundation's tax-exempt status using EIN 203781741 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 Luther & Teresa King Fam Foundation demonstrates strong financial health with consistently growing assets and revenue over the past decade. In the latest filing (202306), the organization reported assets of $29,474,021 and revenue of $4,952,854, significantly outpacing its expenses of $1,012,989. This trend of revenue substantially exceeding expenses is a positive indicator of financial stability and capacity for future program growth.
The foundation exhibits excellent spending efficiency, with expenses consistently representing a small fraction of its revenue. For instance, in 202306, expenses were only about 20% of revenue. This suggests that a large portion of its financial resources are retained, likely for endowment growth or future grantmaking, aligning with its nature as a family foundation. The consistent reporting of zero officer compensation also points to a lean operational structure and a focus on mission rather than administrative overhead.
Transparency appears to be high, with 10 years of consistent IRS 990 filings. The minimal liabilities reported across all periods ($1 or $0) further indicates sound financial management and a low-risk profile. The absence of officer compensation is a notable transparency and efficiency strength, as it means no funds are diverted to executive salaries.