Is Southeast Kansas Prosperity Foundation Inc Legit?

Quick charity verification for Southeast Kansas Prosperity Foundation Inc (EIN: 202446585)

Verdict: Southeast Kansas Prosperity Foundation Inc shows mixed signals

65/100Mission Score

$85KRevenue

$2.3MAssets

3Red Flags

3Strengths

Red Flags

Significant and rapid increase in liabilities from $343,572 in 2011 to $5,084,260 in 2023, raising questions about financial stability and leverage.
Inconsistent revenue generation, with several years showing very low revenue (e.g., $7,882 in 2017) relative to expenses and assets.
Multiple years where expenses significantly exceeded revenue (e.g., 2015, 2017, 2012), indicating potential reliance on asset drawdowns or debt to cover operations.

Strengths

Consistent reporting of 0% officer compensation, indicating either volunteer leadership or strong transparency regarding executive pay.
Substantial growth in assets from $1,980,058 in 2011 to $6,074,210 in 2023, suggesting successful asset accumulation.
Positive operating margin in the most recent filing (2023), with revenue of $59,763 exceeding expenses of $30,661.

Spending Breakdown

How Southeast Kansas Prosperity Foundation Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

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 Southeast Kansas Prosperity Foundation Inc

Is Southeast Kansas Prosperity Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Southeast Kansas Prosperity Foundation Inc (EIN: 202446585) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Southeast Kansas Prosperity Foundation Inc a good charity to donate to?

Southeast Kansas Prosperity Foundation Inc has a Mission Score of 65/100. Revenue: $85K. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Southeast Kansas Prosperity Foundation Inc?

The Employer Identification Number (EIN) for Southeast Kansas Prosperity Foundation Inc is 202446585. 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 Southeast Kansas Prosperity Foundation Inc spend its money?

Southeast Kansas Prosperity Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Southeast Kansas Prosperity Foundation Inc's tax-exempt status?

You can verify Southeast Kansas Prosperity Foundation Inc's tax-exempt status using EIN 202446585 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 Southeast Kansas Prosperity Foundation Inc. demonstrates a mixed financial picture. While the organization has shown significant asset growth, increasing from $1,980,058 in 2011 to $6,074,210 in 2023, its revenue generation has been inconsistent and often low relative to its asset base. For instance, in 2017, revenue was only $7,882, while expenses were $44,421. The foundation's liabilities have also grown substantially, from $343,572 in 2011 to $5,084,260 in 2023, indicating a high reliance on debt or other non-equity financing, which warrants closer examination. The consistent reporting of 0% officer compensation across all filings suggests good transparency regarding executive pay, or that the organization is primarily volunteer-run at the executive level.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, looking at the overall expenses versus revenue, there have been several years where expenses significantly outstripped revenue, such as in 2015 ($100,884 expenses vs. $26,607 revenue) and 2017 ($44,421 expenses vs. $7,882 revenue). This suggests that the organization may be drawing down on its assets or incurring debt to cover operational costs in some periods. The most recent period (2023) shows revenue of $59,763 against expenses of $30,661, indicating a positive operating margin for that year.

Overall, the foundation appears to be transparent regarding executive compensation, but the significant increase in liabilities alongside fluctuating revenues and expenses suggests potential financial vulnerabilities. A deeper dive into the nature of its liabilities and the allocation of its expenses would be necessary for a complete understanding of its financial health and spending efficiency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.