Community Foundation Forindependence
Community Foundation Forindependence shows strong asset growth and no officer compensation.
EIN: 205218378 · Independence, KS · NTEE: T30 · Updated: 2026-03-28
Is Community Foundation Forindependence Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Foundation Forindependence directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Foundation Forindependence
Community Foundation Forindependence (EIN: 205218378) is a nonprofit organization based in Independence, KS, classified under NTEE code T30. The organization reported total revenue of $1.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Foundation Forindependence's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Foundation Forindependence with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Community Foundation Forindependence allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all nine filings, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Community Foundation Forindependence:
- Strong asset growth (from $226,532 in 2017 to $1,051,310 in 2023)
- Consistently reports $0 liabilities, indicating financial stability
- 0% officer compensation across all filings, showing high efficiency
- Positive revenue trend, especially in recent years (e.g., $607,686 in 2023)
- Healthy expense-to-revenue ratio in recent periods (e.g., $241,586 expenses on $607,686 revenue in 2023)
Frequently Asked Questions about Community Foundation Forindependence
Is Community Foundation Forindependence a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Foundation Forindependence (EIN: 205218378) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Community Foundation Forindependence spend its money?
Community Foundation Forindependence directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Foundation Forindependence tax-deductible?
Community Foundation Forindependence is registered as a tax-exempt nonprofit (EIN: 205218378). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Community Foundation Forindependence a good charity?
Based on the provided data, Community Foundation Forindependence appears to be a very good charity. It demonstrates strong financial health with growing assets (from $226,532 in 2017 to $1,051,310 in 2023), consistently reports zero liabilities, and allocates 0% of its budget to officer compensation, suggesting a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown substantially from $226,532 in 2017 to $1,051,310 in 2023. Revenue has also seen considerable growth, with the latest reported revenue of $607,686 in 2023 being much higher than previous years like $122,073 in 2017.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a strong commitment to minimizing administrative overhead and maximizing resources for its programmatic activities. This is a highly positive indicator of efficiency.
Does the organization have any debt?
No, the Community Foundation Forindependence consistently reports $0 in liabilities across all nine IRS 990 filings, indicating a debt-free and financially stable operation.
Filing History
IRS 990 filing history for Community Foundation Forindependence showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Community Foundation Forindependence's revenue has grown by 15.7%, moving from $525K to $608K. Total assets increased by 54.2% over the same period, from $682K to $1.1M. Total functional expenses rose by 53.8%, from $157K to $242K. In its most recent filing year (2023), Community Foundation Forindependence reported a surplus of $366K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $608K | $242K | $1.1M | $0 | — | — |
| 2022 | $316K | $158K | $685K | $0 | — | View 990 |
| 2021 | $336K | $116K | $527K | $0 | — | View 990 |
| 2020 | $138K | $80K | $307K | $0 | — | — |
| 2019 | $141K | $130K | $250K | $0 | — | View 990 |
| 2018 | $132K | $120K | $238K | $0 | — | View 990 |
| 2017 | $122K | $298K | $227K | $0 | — | View 990 |
| 2016 | $404K | $681K | $403K | $0 | — | View 990 |
| 2015 | $525K | $157K | $682K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $608K, expenses of $242K, and assets of $1.1M (revenue +92.2% year-over-year).
- 2022: Revenue of $316K, expenses of $158K, and assets of $685K (revenue -6.0% year-over-year).
- 2021: Revenue of $336K, expenses of $116K, and assets of $527K (revenue +144.2% year-over-year).
- 2020: Revenue of $138K, expenses of $80K, and assets of $307K (revenue -2.2% year-over-year).
- 2019: Revenue of $141K, expenses of $130K, and assets of $250K (revenue +6.7% year-over-year).
- 2018: Revenue of $132K, expenses of $120K, and assets of $238K (revenue +8.1% year-over-year).
- 2017: Revenue of $122K, expenses of $298K, and assets of $227K (revenue -69.8% year-over-year).
- 2016: Revenue of $404K, expenses of $681K, and assets of $403K (revenue -23.1% year-over-year).
- 2015: Revenue of $525K, expenses of $157K, and assets of $682K.
Data Sources and Methodology
This transparency report for Community Foundation Forindependence is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.