K & L Baxter Family Foundation Inc
K & L Baxter Family Foundation Inc. shows inconsistent revenue and recurring deficits over multiple years.
EIN: 204006397 · Las Vegas, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $50K |
| Total Expenses | $128K |
| Program Spending | 80% |
| Net Assets | $95K |
| Transparency Score | 65/100 |
Is K & L Baxter Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
K & L Baxter Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About K & L Baxter Family Foundation Inc
K & L Baxter Family Foundation Inc (EIN: 204006397) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T22. The organization reported total revenue of $50K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of K & L Baxter Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
K & L Baxter Family Foundation Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 161.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $128K |
| Surplus / Deficit | $-27,567 |
| Total Assets | $130K |
| Total Liabilities | $35K |
| Net Assets | $95K |
| Operating Margin | -27.6% |
| Debt-to-Asset Ratio | 27.0% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, K & L Baxter Family Foundation Inc reported a deficit of $28K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 27.0% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), K & L Baxter Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 161.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +30.7% | -7.2% |
| 2022 | +9999900.0% | +290.9% | +1.8% |
| 2021 | +0.0% | -80.2% | -15.9% |
| 2020 | -100.0% | -3.6% | -43.6% |
| 2019 | +2211800.0% | +106467.5% | +278459.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 K & L Baxter Family Foundation Inc with a Mission Score of 65 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, K & L Baxter Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is a strong positive 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 K & L Baxter Family Foundation Inc's IRS 990 filings:
- Significant and recurring deficits where expenses far exceed reported revenue (e.g., 2023, 2021, 2020, 2019).
- Highly inconsistent annual revenue, with several years reporting minimal income ($1).
- Fluctuating asset base, indicating potential reliance on asset drawdowns to cover operational costs.
Strengths
The following positive indicators were identified for K & L Baxter Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating no executive pay.
- Regular filing of IRS Form 990s, demonstrating compliance and transparency.
- As a private foundation, its primary purpose is grantmaking, which is inherently program-focused.
Frequently Asked Questions about K & L Baxter Family Foundation Inc
Is K & L Baxter Family Foundation Inc a legitimate charity?
K & L Baxter Family Foundation Inc (EIN: 204006397) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $50K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does K & L Baxter Family Foundation Inc spend its money?
K & L Baxter Family Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to K & L Baxter Family Foundation Inc tax-deductible?
K & L Baxter Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204006397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of K & L Baxter Family Foundation Inc's spending goes to programs?
K & L Baxter Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does K & L Baxter Family Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), K & L Baxter Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is K & L Baxter Family Foundation Inc located?
K & L Baxter Family Foundation Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 204006397. It is classified under NTEE code T22.
How many years of IRS 990 filings does K & L Baxter Family Foundation Inc have?
K & L Baxter Family Foundation Inc has 10 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 $50K in total revenue.
What is the primary source of funding for the K & L Baxter Family Foundation Inc. given its fluctuating revenue and consistent deficits?
The filings show highly variable revenue, with several years reporting only $1 (e.g., 2021, 2020, 2015, 2011) while expenses were substantial. This suggests the foundation may be drawing from an endowment or other asset base not consistently reflected as annual revenue, or it receives large, infrequent contributions.
How does the foundation cover its expenses when revenue is significantly lower, as seen in 2023 ($100,000 revenue vs. $127,567 expenses) or 2020 ($1 revenue vs. $126,323 expenses)?
The organization likely covers these deficits by drawing down its assets. For example, assets decreased from $139,930 in 2022 to $129,920 in 2023, and from $163,379 in 2020 to $137,422 in 2021, indicating asset utilization to cover expenses.
What are the specific program activities or grants made by the foundation, given its NTEE code T22 (Private Grantmaking Foundations)?
The provided data does not detail specific program activities or grants. As a private grantmaking foundation, its primary 'program' activity would be distributing grants to other organizations or individuals, which would be reflected in its expenses.
Filing History
IRS 990 filing history for K & L Baxter Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), K & L Baxter Family Foundation Inc's revenue has grown by 9999900%, moving from $1 to $100K. Total assets increased by 17.8% over the same period, from $110K to $130K. Total functional expenses rose by 1039.8%, from $11K to $128K. In its most recent filing year (2023), K & L Baxter Family Foundation Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $35K in liabilities against $130K in assets (debt-to-asset ratio: 27.0%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $128K | $130K | $35K | — | — |
| 2022 | $100K | $98K | $140K | $16K | — | View 990 |
| 2021 | $1 | $25K | $137K | $16K | — | View 990 |
| 2020 | $1 | $126K | $163K | $17K | — | — |
| 2019 | $22K | $131K | $290K | $17K | — | View 990 |
| 2015 | $1 | $123 | $104 | $17K | — | View 990 |
| 2014 | $80 | $5K | $1 | $17K | — | View 990 |
| 2013 | $22K | $113K | $7K | $7K | — | View 990 |
| 2012 | $15K | $40K | $97K | $5K | — | View 990 |
| 2011 | $1 | $11K | $110K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $128K, and assets of $130K (revenue +0.0% year-over-year).
- 2022: Revenue of $100K, expenses of $98K, and assets of $140K (revenue +9999900.0% year-over-year).
- 2021: Revenue of $1, expenses of $25K, and assets of $137K (revenue +0.0% year-over-year).
- 2020: Revenue of $1, expenses of $126K, and assets of $163K (revenue -100.0% year-over-year).
- 2019: Revenue of $22K, expenses of $131K, and assets of $290K (revenue +2211800.0% year-over-year).
- 2015: Revenue of $1, expenses of $123, and assets of $104 (revenue -98.8% year-over-year).
- 2014: Revenue of $80, expenses of $5K, and assets of $1 (revenue -99.6% year-over-year).
- 2013: Revenue of $22K, expenses of $113K, and assets of $7K (revenue +47.0% year-over-year).
- 2012: Revenue of $15K, expenses of $40K, and assets of $97K (revenue +1496400.0% year-over-year).
- 2011: Revenue of $1, expenses of $11K, and assets of $110K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for K & L Baxter Family Foundation Inc:
Data Sources and Methodology
This transparency report for K & L Baxter Family 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.