Greg And India Keith Foundation
Greg And India Keith Foundation shows strong asset growth and zero executive compensation over a decade.
EIN: 202016795 · Charlotte, NC · NTEE: T20 · Updated: 2026-03-28
Is Greg And India Keith Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greg And India Keith Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greg And India Keith Foundation
Greg And India Keith Foundation (EIN: 202016795) is a nonprofit organization based in Charlotte, NC, classified under NTEE code T20. The organization reported total revenue of $11.3M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greg And India Keith Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greg And India Keith Foundation is a large nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$824K |
| Total Assets | $16.0M |
| Total Liabilities | $1 |
| Net Assets | $16.0M |
| Operating Margin | 22.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 68.5 months |
Financial Health Grade: A
In 2022, Greg And India Keith Foundation reported a surplus of $824K with revenue exceeding expenses, holds 68.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Greg And India Keith Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -36.6% | -5.9% | +5.4% |
| 2021 | +174.2% | +92.1% | +22.0% |
| 2020 | -2.9% | -12.6% | +4.5% |
| 2019 | -52.2% | +62.0% | +11.5% |
| 2015 | +83.4% | +30.3% | +46.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Greg And India Keith Foundation with a Mission Score of 95 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Greg And India Keith Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $824K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available IRS 990 filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and asset base ($17,912,669).
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 Greg And India Keith Foundation's IRS 990 filings:
- Lack of detailed breakdown on program vs. administrative expenses in provided data, making precise efficiency calculation difficult without full 990s.
Strengths
The following positive indicators were identified for Greg And India Keith Foundation:
- Consistent reporting of $0 officer compensation across all filings.
- Significant and consistent growth in assets, from $2.8M in 2011 to $17.9M currently.
- Extremely low liabilities, consistently reported as $1.
- Strong revenue generation, with latest reported revenue at $11,310,339.
- Long history of IRS 990 filings (9 filings), indicating transparency and compliance.
Frequently Asked Questions about Greg And India Keith Foundation
Is Greg And India Keith Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Greg And India Keith Foundation (EIN: 202016795) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Greg And India Keith Foundation spend its money?
Greg And India Keith Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greg And India Keith Foundation tax-deductible?
Greg And India Keith Foundation is registered as a tax-exempt nonprofit (EIN: 202016795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Greg And India Keith Foundation a good charity?
Based on the provided data, the Greg And India Keith Foundation appears to be a very good charity. It demonstrates strong financial health with significant asset growth, minimal liabilities, and a remarkable commitment to directing funds towards its mission by reporting $0 in officer compensation across all filings.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets grew from $2,824,751 in 2011 to $17,912,669 currently, and revenue has seen substantial increases, reaching $11,310,339 in the latest period, indicating robust growth and stability.
What is the foundation's approach to executive compensation?
The foundation's approach to executive compensation is highly conservative, as it consistently reports $0 for officer compensation across all nine available IRS 990 filings, suggesting a volunteer-led or externally funded leadership structure.
How efficient is the foundation's spending?
The foundation appears highly efficient in its spending, particularly given the consistent reporting of $0 in officer compensation. This implies that a very high percentage of its expenses are likely directed towards program services, minimizing administrative overhead.
Filing History
IRS 990 filing history for Greg And India Keith Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Greg And India Keith Foundation's revenue has grown by 125.5%, moving from $1.6M to $3.6M. Total assets increased by 467% over the same period, from $2.8M to $16.0M. Total functional expenses rose by 520.6%, from $452K to $2.8M. In its most recent filing year (2022), Greg And India Keith Foundation reported a surplus of $824K, with revenue exceeding expenses. The organization holds $1 in liabilities against $16.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.6M | $2.8M | $16.0M | $1 | — | View 990 |
| 2021 | $5.7M | $3.0M | $15.2M | $1 | — | View 990 |
| 2020 | $2.1M | $1.6M | $12.5M | $1 | — | View 990 |
| 2019 | $2.2M | $1.8M | $11.9M | $1 | — | View 990 |
| 2015 | $4.5M | $1.1M | $10.7M | $1 | — | View 990 |
| 2014 | $2.5M | $842K | $7.3M | $1 | — | View 990 |
| 2013 | $1.4M | $900K | $5.7M | $1 | — | View 990 |
| 2012 | $3.3M | $967K | $5.1M | $1 | — | View 990 |
| 2011 | $1.6M | $452K | $2.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.6M, expenses of $2.8M, and assets of $16.0M (revenue -36.6% year-over-year).
- 2021: Revenue of $5.7M, expenses of $3.0M, and assets of $15.2M (revenue +174.2% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.6M, and assets of $12.5M (revenue -2.9% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.8M, and assets of $11.9M (revenue -52.2% year-over-year).
- 2015: Revenue of $4.5M, expenses of $1.1M, and assets of $10.7M (revenue +83.4% year-over-year).
- 2014: Revenue of $2.5M, expenses of $842K, and assets of $7.3M (revenue +70.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $900K, and assets of $5.7M (revenue -56.1% year-over-year).
- 2012: Revenue of $3.3M, expenses of $967K, and assets of $5.1M (revenue +103.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $452K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greg And India Keith Foundation:
Data Sources and Methodology
This transparency report for Greg And India Keith 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.