Quick charity verification for William R Kenan Jr Charitable Trust (EIN: 136192029)
Verdict: William R Kenan Jr Charitable Trust appears trustworthy
95/100Mission Score
$134.2MRevenue
$655.6MAssets
1Red Flags
5Strengths
Red Flags
Unusually low (0%) reported officer compensation, which might obscure how leadership is truly compensated or sustained for an organization of this scale.
Strengths
Strong financial health with consistently growing assets, reaching $666,454,369 in 202306.
Excellent spending efficiency with virtually no liabilities reported across all filings.
Zero reported officer compensation, indicating a high dedication of funds to charitable purposes.
Consistent grantmaking activity as a private foundation (NTEE T20), implying a strong program focus.
Significant revenue generation capacity, with latest revenue at $134,160,453.
Spending Breakdown
How William R Kenan Jr Charitable Trust 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 William R Kenan Jr Charitable Trust
Is William R Kenan Jr Charitable Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, William R Kenan Jr Charitable Trust (EIN: 136192029) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is William R Kenan Jr Charitable Trust a good charity to donate to?
William R Kenan Jr Charitable Trust has a Mission Score of 95/100. Revenue: $134.2M. Assets: $655.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William R Kenan Jr Charitable Trust?
The Employer Identification Number (EIN) for William R Kenan Jr Charitable Trust is 136192029. 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 William R Kenan Jr Charitable Trust spend its money?
William R Kenan Jr Charitable Trust allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William R Kenan Jr Charitable Trust's tax-exempt status?
You can verify William R Kenan Jr Charitable Trust's tax-exempt status using EIN 136192029 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 William R Kenan Jr Charitable Trust demonstrates strong financial health, consistently maintaining substantial assets, which reached $666,454,369 in the 202306 period. Its revenue streams have shown significant fluctuations, with a peak of $137,606,226 in 202106, indicating reliance on investment performance or large contributions. The organization's spending efficiency is excellent, as it operates with virtually no liabilities and reports 0% officer compensation across all available filings, suggesting a highly lean administrative structure. The trust's primary function appears to be grant-making, aligning with its NTEE code T20 (Private Grantmaking Foundations). This structure inherently prioritizes program spending by distributing funds to other organizations rather than incurring significant internal program costs.
The trust's financial stability is further underscored by its consistent growth in assets over the past decade, from $453,082,913 in 201106 to over $666 million in 202306. The absence of reported officer compensation is a notable indicator of transparency and a commitment to directing resources towards its charitable mission. While specific breakdowns of administrative versus program expenses are not explicitly detailed in the provided summary, the nature of a grantmaking foundation, coupled with zero officer compensation, strongly implies a high proportion of funds are ultimately directed to programmatic activities through grants. The minimal liabilities across all periods also point to sound financial management and low operational risk.