Donald And Elizabeth King Foundation Inc
Donald And Elizabeth King Foundation Inc faces significant asset depletion due to consistent deficit spending.
EIN: 113778709 · Wichita, KS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $90K |
| Total Expenses | $81K |
| Program Spending | 80% |
| Net Assets | $129K |
| Transparency Score | 45/100 |
Is Donald And Elizabeth King Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Donald And Elizabeth King Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Donald And Elizabeth King Foundation Inc
Donald And Elizabeth King Foundation Inc (EIN: 113778709) is a nonprofit organization based in Wichita, KS, classified under NTEE code T20. The organization reported total revenue of $90K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Donald And Elizabeth King Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Donald And Elizabeth King Foundation Inc is a micro nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -10.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $81K |
| Surplus / Deficit | $-73,378 |
| Total Assets | $129K |
| Total Liabilities | $1 |
| Net Assets | $129K |
| Operating Margin | -990.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.2 months |
Financial Health Grade: B
In 2020, Donald And Elizabeth King Foundation Inc reported a deficit of $73K with expenses exceeding revenue, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Donald And Elizabeth King Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -44.9% | +28.8% | -36.2% |
| 2019 | -71.4% | +2.5% | -39.9% |
| 2015 | +42.6% | +106.9% | -4.0% |
| 2014 | +2.7% | -6.2% | +1.0% |
| 2013 | -74.6% | -18.5% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Donald And Elizabeth King Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Donald And Elizabeth King Foundation Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $73K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for a foundation of its size.
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 Donald And Elizabeth King Foundation Inc's IRS 990 filings:
- Consistent and significant deficit spending (e.g., 2020 expenses $80,788 vs. revenue $7,410)
- Substantial decline in assets over time (from $346,503 in 2012 to $79,054 currently)
- Unsustainable financial model with expenses consistently far exceeding revenue
Strengths
The following positive indicators were identified for Donald And Elizabeth King Foundation Inc:
- Volunteer-based leadership with 0% officer compensation reported
- Consistent IRS 990 filing history, indicating transparency in reporting
- Minimal liabilities reported ($1 across all filings)
Frequently Asked Questions about Donald And Elizabeth King Foundation Inc
Is Donald And Elizabeth King Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Donald And Elizabeth King Foundation Inc (EIN: 113778709) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Donald And Elizabeth King Foundation Inc spend its money?
Donald And Elizabeth King Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Donald And Elizabeth King Foundation Inc tax-deductible?
Donald And Elizabeth King Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113778709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Donald And Elizabeth King Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Donald And Elizabeth King Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Donald And Elizabeth King Foundation Inc located?
Donald And Elizabeth King Foundation Inc is headquartered in Wichita, Kansas and files with the IRS under EIN 113778709. It is classified under NTEE code T20.
How many years of IRS 990 filings does Donald And Elizabeth King Foundation Inc have?
Donald And Elizabeth King Foundation Inc has 7 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 $90K in total revenue.
Is Donald And Elizabeth King Foundation Inc a good charity?
While the foundation operates with volunteer leadership (0% officer compensation) and has a consistent filing history, its financial sustainability is a major concern. The consistent and significant deficit spending, leading to a substantial decline in assets from $346,503 in 2012 to $79,054 currently, raises questions about its long-term viability and ability to fulfill its mission effectively.
What is the primary financial concern for this organization?
The primary financial concern is the persistent and substantial deficit spending, where expenses consistently exceed revenue. For example, in 2020, expenses were $80,788 against revenue of $7,410, and in 2019, expenses were $62,722 against revenue of $13,451. This has led to a significant depletion of its asset base.
How has the organization's asset base changed over time?
The organization's asset base has significantly declined over time, from $346,503 in 2012 to $79,054 in the latest period. This represents a reduction of over 77% in its assets, primarily due to consistent operating losses.
Filing History
IRS 990 filing history for Donald And Elizabeth King Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Donald And Elizabeth King Foundation Inc's revenue has declined by 64.3%, moving from $21K to $7K. Total assets decreased by 50.1% over the same period, from $258K to $129K. Total functional expenses rose by 129.8%, from $35K to $81K. In its most recent filing year (2020), Donald And Elizabeth King Foundation Inc reported a deficit of $73K, with expenses exceeding revenue. The organization holds $1 in liabilities against $129K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $129K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $7K | $81K | $129K | $1 | — | View 990 |
| 2019 | $13K | $63K | $202K | $1 | — | View 990 |
| 2015 | $47K | $61K | $336K | $1 | — | View 990 |
| 2014 | $33K | $30K | $351K | $1 | — | View 990 |
| 2013 | $32K | $32K | $347K | $1 | — | View 990 |
| 2012 | $127K | $39K | $347K | $1 | — | View 990 |
| 2011 | $21K | $35K | $258K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $7K, expenses of $81K, and assets of $129K (revenue -44.9% year-over-year).
- 2019: Revenue of $13K, expenses of $63K, and assets of $202K (revenue -71.4% year-over-year).
- 2015: Revenue of $47K, expenses of $61K, and assets of $336K (revenue +42.6% year-over-year).
- 2014: Revenue of $33K, expenses of $30K, and assets of $351K (revenue +2.7% year-over-year).
- 2013: Revenue of $32K, expenses of $32K, and assets of $347K (revenue -74.6% year-over-year).
- 2012: Revenue of $127K, expenses of $39K, and assets of $347K (revenue +511.1% year-over-year).
- 2011: Revenue of $21K, expenses of $35K, and assets of $258K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Donald And Elizabeth King Foundation Inc:
Data Sources and Methodology
This transparency report for Donald And Elizabeth King Foundation Inc 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.