Erika Kate Foundation
Erika Kate Foundation faces significant financial decline with revenue plummeting and expenses consistently exceeding income in recent years.
EIN: 205940369 · Muscatine, IA · NTEE: T22 · Updated: 2026-03-28
Is Erika Kate Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Erika Kate Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Erika Kate Foundation
Erika Kate Foundation (EIN: 205940369) is a nonprofit organization based in Muscatine, IA, classified under NTEE code T22. The organization reported total revenue of $146 and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Erika Kate Foundation'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 Erika Kate Foundation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Erika Kate Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign 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 Erika Kate Foundation's IRS 990 filings:
- Significant and consistent decline in revenue over recent years (e.g., $14,748 in 2020 to $172 in 2023).
- Expenses consistently exceeding revenue in recent periods, leading to negative net income (e.g., -$1,158 in 2023).
- Steady decline in total assets from a high of $185,386 in 2012 to $46,245 in 2023, indicating asset depletion.
- Current assets ($46,245 in 2023) are significantly lower than historical levels, impacting financial stability.
Strengths
The following positive indicators were identified for Erika Kate Foundation:
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Low liabilities consistently reported, suggesting minimal debt burden.
Frequently Asked Questions about Erika Kate Foundation
Is Erika Kate Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Erika Kate Foundation (EIN: 205940369) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does Erika Kate Foundation spend its money?
Erika Kate Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Erika Kate Foundation tax-deductible?
Erika Kate Foundation is registered as a tax-exempt nonprofit (EIN: 205940369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Erika Kate Foundation a good charity?
Based on the financial data, the Erika Kate Foundation is experiencing significant financial challenges, with revenue declining sharply and expenses consistently exceeding income in recent years. While officer compensation is 0%, the overall financial health raises concerns about its long-term sustainability and ability to effectively deliver on its mission.
Why has the revenue decreased so dramatically?
The provided data does not specify the reasons for the dramatic decrease in revenue, which fell from $14,748 in 2020 to $172 in 2023. This could be due to a decline in donations, grants, or other funding sources, but further investigation into their fundraising activities would be needed.
How is the organization covering its expenses with such low revenue?
With expenses consistently exceeding revenue in recent years (e.g., $1,330 expenses vs. $172 revenue in 2023), the organization appears to be drawing down its assets to cover operational costs. This is reflected in the steady decline of assets from $185,386 in 2012 to $46,245 in 2023.
Filing History
IRS 990 filing history for Erika Kate Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Erika Kate Foundation's revenue has declined by 99.9%, moving from $146K to $172. Total assets decreased by 40.1% over the same period, from $77K to $46K. Total functional expenses fell by 99.3%, from $194K to $1K. In its most recent filing year (2023), Erika Kate Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $46K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $46K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $172 | $1K | $46K | $1 | — | — |
| 2022 | $318 | $2K | $47K | $1 | — | View 990 |
| 2021 | $5K | $7K | $49K | $1 | — | View 990 |
| 2020 | $15K | $14K | $50K | $1 | — | — |
| 2019 | $13K | $16K | $50K | $1 | — | View 990 |
| 2015 | $121K | $101K | $72K | $555 | — | View 990 |
| 2014 | $146K | $132K | $52K | $1K | — | View 990 |
| 2013 | $117K | $263K | $40K | $3K | — | View 990 |
| 2012 | $355K | $246K | $185K | $1K | — | View 990 |
| 2011 | $146K | $194K | $77K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172, expenses of $1K, and assets of $46K (revenue -45.9% year-over-year).
- 2022: Revenue of $318, expenses of $2K, and assets of $47K (revenue -93.9% year-over-year).
- 2021: Revenue of $5K, expenses of $7K, and assets of $49K (revenue -64.7% year-over-year).
- 2020: Revenue of $15K, expenses of $14K, and assets of $50K (revenue +16.4% year-over-year).
- 2019: Revenue of $13K, expenses of $16K, and assets of $50K (revenue -89.6% year-over-year).
- 2015: Revenue of $121K, expenses of $101K, and assets of $72K (revenue -17.1% year-over-year).
- 2014: Revenue of $146K, expenses of $132K, and assets of $52K (revenue +25.2% year-over-year).
- 2013: Revenue of $117K, expenses of $263K, and assets of $40K (revenue -67.1% year-over-year).
- 2012: Revenue of $355K, expenses of $246K, and assets of $185K (revenue +143.5% year-over-year).
- 2011: Revenue of $146K, expenses of $194K, and assets of $77K.
Data Sources and Methodology
This transparency report for Erika Kate Foundation 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.