Quick charity verification for Steve King Foundation (EIN: 208168311)
Verdict: Steve King Foundation appears trustworthy
75/100Mission Score
$29KRevenue
$175KAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits: Expenses exceeded revenue in 7 of the last 10 reported periods, including the most recent three years (2021-2023).
Declining asset base: Assets have decreased from $223,134 in 2017 to $172,365 in 2023, potentially due to covering operating shortfalls.
Strengths
Zero executive compensation: No officer compensation reported in any filing, indicating efficient use of funds for mission-related activities.
Strong asset base: Maintains significant assets ($172,365 in 2023) relative to its annual revenue, providing financial stability.
No liabilities: Consistently reports $0 in liabilities, indicating a strong balance sheet and no outstanding debt.
Consistent transparency: Regular filing of IRS 990 forms over many years.
Spending Breakdown
How Steve King Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Steve King Foundation
Is Steve King Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Steve King Foundation (EIN: 208168311) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Steve King Foundation a good charity to donate to?
Steve King Foundation has a Mission Score of 75/100. Revenue: $29K. Assets: $175K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Steve King Foundation?
The Employer Identification Number (EIN) for Steve King Foundation is 208168311. 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 Steve King Foundation spend its money?
Steve King Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Steve King Foundation's tax-exempt status?
You can verify Steve King Foundation's tax-exempt status using EIN 208168311 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 Steve King Foundation demonstrates consistent financial transparency with publicly available IRS 990 filings over many years. The organization's financial health, however, shows a trend of expenses frequently exceeding revenue in recent periods. For instance, in 2023, expenses were $28,118 against revenues of $20,673, and in 2022, expenses were $50,066 against revenues of $37,944. This pattern of deficit spending could impact long-term sustainability if not addressed, although the organization maintains a healthy asset base of $172,365 with no reported liabilities, providing a buffer.
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, the consistent reporting of zero officer compensation indicates that a significant portion of funds is not being diverted to executive salaries, which is a positive sign for donor confidence. The foundation's assets have fluctuated but remained substantial relative to its annual revenue, suggesting prudent management of its existing capital.
Overall, while the foundation is transparent in its reporting and avoids executive compensation, its recent operational deficits warrant closer examination. Donors might want to understand how the organization plans to balance its budget in future years to ensure the long-term viability of its programs. The absence of liabilities is a strong indicator of financial stability despite the revenue-expense imbalance.