K P & Phoebe Tsolainos Foundation Inc
K P & Phoebe Tsolainos Foundation Inc. consistently spends more than it earns, depleting assets by over 68% in a decade.
EIN: 136077055 · Potomac, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $90K |
| Program Spending | 75% |
| Net Assets | $92K |
| Transparency Score | 55/100 |
Is K P & Phoebe Tsolainos 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 P & Phoebe Tsolainos Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About K P & Phoebe Tsolainos Foundation Inc
K P & Phoebe Tsolainos Foundation Inc (EIN: 136077055) is a nonprofit organization based in Potomac, MD. The organization reported total revenue of $99K and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of K P & Phoebe Tsolainos Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
K P & Phoebe Tsolainos Foundation Inc is a micro nonprofit that has been operating for 68 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $90K |
| Surplus / Deficit | $-39,102 |
| Total Assets | $92K |
| Total Liabilities | $1 |
| Net Assets | $92K |
| Operating Margin | -76.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, K P & Phoebe Tsolainos Foundation Inc reported a deficit of $39K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), K P & Phoebe Tsolainos Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.5% | -1.0% | -29.8% |
| 2022 | -0.7% | +28.8% | +1.8% |
| 2021 | +109.6% | +3.3% | +21.0% |
| 2020 | +3.5% | -1.6% | -18.5% |
| 2019 | +5.0% | +12.3% | -42.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 P & Phoebe Tsolainos Foundation Inc with a Mission Score of 55 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, K P & Phoebe Tsolainos Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is not compensated through salaries, which is a positive for minimizing administrative overhead.
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 P & Phoebe Tsolainos Foundation Inc's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue, as seen in 202312 ($90,497 expenses vs. $51,395 revenue) and 202012 ($68,717 expenses vs. $44,539 revenue).
- Significant asset depletion: Assets have declined by over 68% from $289,899 in 201112 to $91,985 in 202312.
- Lack of detailed expense breakdown: The provided summary does not allow for a clear assessment of program efficiency versus administrative or fundraising costs.
Strengths
The following positive indicators were identified for K P & Phoebe Tsolainos Foundation Inc:
- Consistent IRS 990 filings: The organization has a history of 10 filings, indicating transparency in reporting.
- No officer compensation: 0% officer compensation reported across all filings suggests that leadership is not drawing a salary from the organization.
Frequently Asked Questions about K P & Phoebe Tsolainos Foundation Inc
Is K P & Phoebe Tsolainos Foundation Inc a legitimate charity?
K P & Phoebe Tsolainos Foundation Inc (EIN: 136077055) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $99K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does K P & Phoebe Tsolainos Foundation Inc spend its money?
K P & Phoebe Tsolainos Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to K P & Phoebe Tsolainos Foundation Inc tax-deductible?
K P & Phoebe Tsolainos Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136077055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of K P & Phoebe Tsolainos Foundation Inc's spending goes to programs?
K P & Phoebe Tsolainos Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is K P & Phoebe Tsolainos Foundation Inc located?
K P & Phoebe Tsolainos Foundation Inc is headquartered in Potomac, Maryland and files with the IRS under EIN 136077055.
How many years of IRS 990 filings does K P & Phoebe Tsolainos Foundation Inc have?
K P & Phoebe Tsolainos 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 $99K in total revenue.
Is K P & Phoebe Tsolainos Foundation Inc. financially sustainable?
Based on the provided data, the foundation has consistently reported expenses exceeding revenue in most years, leading to a significant decline in assets from $289,899 in 201112 to $91,985 in 202312. This trend raises concerns about its long-term financial sustainability.
What is the primary use of the foundation's funds?
The provided data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories, making it difficult to ascertain the primary use of funds. Further investigation into their full IRS 990 forms would be necessary.
Why have the foundation's assets decreased so significantly?
The foundation's assets have decreased from $289,899 in 201112 to $91,985 in 202312 primarily because its expenses have frequently exceeded its revenues over this period, requiring it to draw down its reserves to cover operational costs.
Filing History
IRS 990 filing history for K P & Phoebe Tsolainos Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), K P & Phoebe Tsolainos Foundation Inc's revenue has grown by 166.7%, moving from $19K to $51K. Total assets decreased by 68.3% over the same period, from $290K to $92K. Total functional expenses rose by 98.7%, from $46K to $90K. In its most recent filing year (2023), K P & Phoebe Tsolainos Foundation Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $1 in liabilities against $92K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $92K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $90K | $92K | $1 | — | — |
| 2022 | $93K | $91K | $131K | $1 | — | — |
| 2021 | $93K | $71K | $129K | $1 | — | — |
| 2020 | $45K | $69K | $106K | $1 | — | — |
| 2019 | $43K | $70K | $131K | $0 | — | View 990 |
| 2015 | $41K | $62K | $225K | $0 | — | View 990 |
| 2014 | $36K | $60K | $247K | $0 | — | View 990 |
| 2013 | $32K | $40K | $271K | $0 | — | View 990 |
| 2012 | $30K | $41K | $279K | $0 | — | View 990 |
| 2011 | $19K | $46K | $290K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $90K, and assets of $92K (revenue -44.5% year-over-year).
- 2022: Revenue of $93K, expenses of $91K, and assets of $131K (revenue -0.7% year-over-year).
- 2021: Revenue of $93K, expenses of $71K, and assets of $129K (revenue +109.6% year-over-year).
- 2020: Revenue of $45K, expenses of $69K, and assets of $106K (revenue +3.5% year-over-year).
- 2019: Revenue of $43K, expenses of $70K, and assets of $131K (revenue +5.0% year-over-year).
- 2015: Revenue of $41K, expenses of $62K, and assets of $225K (revenue +14.4% year-over-year).
- 2014: Revenue of $36K, expenses of $60K, and assets of $247K (revenue +10.8% year-over-year).
- 2013: Revenue of $32K, expenses of $40K, and assets of $271K (revenue +9.1% year-over-year).
- 2012: Revenue of $30K, expenses of $41K, and assets of $279K (revenue +53.8% year-over-year).
- 2011: Revenue of $19K, expenses of $46K, and assets of $290K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for K P & Phoebe Tsolainos Foundation Inc:
Data Sources and Methodology
This transparency report for K P & Phoebe Tsolainos 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.