Community Foundation Of The Klamathbasin
Community Foundation Of The Klamathbasin shows strong asset growth and zero executive compensation, with recent expenses exceeding revenue.
EIN: 205502851 · Klamath Falls, OR · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $348K |
| Total Expenses | $447K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $8.9M |
| Transparency Score | 90/100 |
Is Community Foundation Of The Klamathbasin Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Foundation Of The Klamathbasin directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Foundation Of The Klamathbasin
Community Foundation Of The Klamathbasin (EIN: 205502851) is a nonprofit organization based in Klamath Falls, OR, classified under NTEE code T30. The organization reported total revenue of $348K and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Foundation Of The Klamathbasin's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Foundation Of The Klamathbasin is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $363K |
| Total Expenses | $447K |
| Surplus / Deficit | $-84,046 |
| Total Assets | $8.9M |
| Total Liabilities | $733 |
| Net Assets | $8.9M |
| Operating Margin | -23.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 238.0 months |
Financial Health Grade: B
In 2023, Community Foundation Of The Klamathbasin reported a deficit of $84K with expenses exceeding revenue, holds 238.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Community Foundation Of The Klamathbasin's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.1% | +42.8% | +7.8% |
| 2022 | -13.3% | +93.9% | -8.9% |
| 2021 | -90.1% | -21.2% | +8.6% |
| 2020 | +945.7% | +46.4% | +170.4% |
| 2019 | +33.5% | -0.7% | +26.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Foundation Of The Klamathbasin with a Mission Score of 90 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 Of The Klamathbasin 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $84K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization with nearly $9 million in assets and suggests a volunteer-led executive structure, which is a significant positive for donor confidence.
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.
Red Flags
The following concerns were identified during AI analysis of Community Foundation Of The Klamathbasin's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (2023), with expenses at $447,099 against revenue of $363,053.
Strengths
The following positive indicators were identified for Community Foundation Of The Klamathbasin:
- Significant asset growth over the past decade, from $630,619 in 2014 to $8,866,151 in 2023.
- Consistent reporting of 0% officer compensation, indicating a volunteer-led executive team and high efficiency in executive spending.
- Strong program focus, as implied by the nature of a community foundation and the absence of high administrative or fundraising costs.
- Low liabilities relative to assets, with liabilities at $733 in 2023 against assets of $8,866,151, indicating strong financial solvency.
Frequently Asked Questions about Community Foundation Of The Klamathbasin
Is Community Foundation Of The Klamathbasin a legitimate charity?
Community Foundation Of The Klamathbasin (EIN: 205502851) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $348K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Community Foundation Of The Klamathbasin spend its money?
Community Foundation Of The Klamathbasin directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Community Foundation Of The Klamathbasin tax-deductible?
Community Foundation Of The Klamathbasin is registered as a tax-exempt nonprofit (EIN: 205502851). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community Foundation Of The Klamathbasin CEO make?
Community Foundation Of The Klamathbasin's highest-compensated officer earns $9 annually. The organization reported $348K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community Foundation Of The Klamathbasin's spending goes to programs?
Community Foundation Of The Klamathbasin directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Foundation Of The Klamathbasin compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Community Foundation Of The Klamathbasin is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Foundation Of The Klamathbasin located?
Community Foundation Of The Klamathbasin is headquartered in Klamath Falls, Oregon and files with the IRS under EIN 205502851. It is classified under NTEE code T30.
How many years of IRS 990 filings does Community Foundation Of The Klamathbasin have?
Community Foundation Of The Klamathbasin has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $348K in total revenue.
Is Community Foundation Of The Klamathbasin a good charity?
Based on its strong asset growth, consistent zero officer compensation, and generally low expense ratios relative to assets, it appears to be a well-managed and transparent organization. The significant asset base of $8,866,151 in 2023 suggests long-term sustainability and capacity to support its community.
How has the organization's financial health changed over time?
The organization has shown remarkable growth in assets, from $630,619 in 2014 to $8,866,151 in 2023, indicating strong financial health and successful endowment building. Revenue has been somewhat volatile, with a notable peak in 2020, but overall, the trend in assets is very positive.
What is the significance of zero officer compensation?
Zero officer compensation is a strong indicator of a volunteer-driven leadership structure. It means that the organization's top executives are not drawing salaries, which can free up more funds for programmatic activities and is often viewed very positively by donors as a sign of dedication and efficiency.
Are there any concerns regarding recent financial performance?
The 2023 filing shows expenses ($447,099) exceeding revenue ($363,053). While this can be normal for foundations drawing from endowments, it's a point to monitor to ensure long-term financial stability and that the organization is not consistently operating at a deficit from its annual income.
Filing History
IRS 990 filing history for Community Foundation Of The Klamathbasin showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Community Foundation Of The Klamathbasin's revenue has grown by 439.1%, moving from $67K to $363K. Total assets increased by 3640.8% over the same period, from $237K to $8.9M. Total functional expenses rose by 14675.2%, from $3K to $447K. In its most recent filing year (2023), Community Foundation Of The Klamathbasin reported a deficit of $84K, with expenses exceeding revenue. The organization holds $733 in liabilities against $8.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $363K | $447K | $8.9M | $733 | — | — |
| 2022 | $449K | $313K | $8.2M | $751 | — | View 990 |
| 2021 | $518K | $161K | $9.0M | $1K | — | View 990 |
| 2020 | $5.2M | $205K | $8.3M | $2K | — | View 990 |
| 2019 | $500K | $140K | $3.1M | $-954 | — | View 990 |
| 2018 | $375K | $141K | $2.4M | $2K | — | View 990 |
| 2017 | $329K | $106K | $2.4M | $2K | — | View 990 |
| 2016 | $1.3M | $172K | $2.0M | $2K | — | View 990 |
| 2015 | $312K | $65K | $837K | $3K | — | View 990 |
| 2014 | $286K | $43K | $631K | $139K | — | View 990 |
| 2013 | $62K | $48K | $287K | $57K | — | View 990 |
| 2012 | $67K | $3K | $237K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $363K, expenses of $447K, and assets of $8.9M (revenue -19.1% year-over-year).
- 2022: Revenue of $449K, expenses of $313K, and assets of $8.2M (revenue -13.3% year-over-year).
- 2021: Revenue of $518K, expenses of $161K, and assets of $9.0M (revenue -90.1% year-over-year).
- 2020: Revenue of $5.2M, expenses of $205K, and assets of $8.3M (revenue +945.7% year-over-year).
- 2019: Revenue of $500K, expenses of $140K, and assets of $3.1M (revenue +33.5% year-over-year).
- 2018: Revenue of $375K, expenses of $141K, and assets of $2.4M (revenue +13.8% year-over-year).
- 2017: Revenue of $329K, expenses of $106K, and assets of $2.4M (revenue -74.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $172K, and assets of $2.0M (revenue +310.2% year-over-year).
- 2015: Revenue of $312K, expenses of $65K, and assets of $837K (revenue +9.1% year-over-year).
- 2014: Revenue of $286K, expenses of $43K, and assets of $631K (revenue +363.4% year-over-year).
- 2013: Revenue of $62K, expenses of $48K, and assets of $287K (revenue -8.3% year-over-year).
- 2012: Revenue of $67K, expenses of $3K, and assets of $237K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Foundation Of The Klamathbasin:
Data Sources and Methodology
This transparency report for Community Foundation Of The Klamathbasin 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.