Kaitlyn Michelle Lawrence Spurlock Foundation Inc
Small foundation shows consistent asset base despite recent deficit spending.
EIN: 205671027 · Richmond, KY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11K |
| Total Expenses | $5K |
| Program Spending | 80% |
| Net Assets | $75K |
| Transparency Score | 85/100 |
Is Kaitlyn Michelle Lawrence Spurlock Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kaitlyn Michelle Lawrence Spurlock Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kaitlyn Michelle Lawrence Spurlock Foundation Inc
Kaitlyn Michelle Lawrence Spurlock Foundation Inc (EIN: 205671027) is a nonprofit organization based in Richmond, KY, classified under NTEE code T22. The organization reported total revenue of $11K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kaitlyn Michelle Lawrence Spurlock Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kaitlyn Michelle Lawrence Spurlock Foundation Inc is a micro nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $5K |
| Surplus / Deficit | $-2,287 |
| Total Assets | $75K |
| Total Liabilities | $1 |
| Net Assets | $75K |
| Operating Margin | -82.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 178.5 months |
Financial Health Grade: B
In 2023, Kaitlyn Michelle Lawrence Spurlock Foundation Inc reported a deficit of $2K with expenses exceeding revenue, holds 178.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Kaitlyn Michelle Lawrence Spurlock Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.7% | +7.9% | -3.0% |
| 2022 | -40.7% | +178.1% | -1.3% |
| 2021 | +51.3% | +18.5% | +6.1% |
| 2020 | +5.8% | -63.4% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Kaitlyn Michelle Lawrence Spurlock Foundation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kaitlyn Michelle Lawrence Spurlock 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization and efficient use of funds for its mission rather than executive salaries.
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 Kaitlyn Michelle Lawrence Spurlock Foundation Inc's IRS 990 filings:
- Recent deficit spending (expenses exceeding revenue in 2023 and 2022)
- Fluctuating revenue stream
Strengths
The following positive indicators were identified for Kaitlyn Michelle Lawrence Spurlock Foundation Inc:
- Zero officer compensation, indicating volunteer leadership
- Strong asset-to-liability ratio ($75,100 assets vs. $1 liability in 2023)
- Consistent IRS 990 filing history, demonstrating transparency
- Stable asset base over time (ranging from $71,229 to $78,400)
Frequently Asked Questions about Kaitlyn Michelle Lawrence Spurlock Foundation Inc
Is Kaitlyn Michelle Lawrence Spurlock Foundation Inc a legitimate charity?
Kaitlyn Michelle Lawrence Spurlock Foundation Inc (EIN: 205671027) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $11K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Kaitlyn Michelle Lawrence Spurlock Foundation Inc spend its money?
Kaitlyn Michelle Lawrence Spurlock Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kaitlyn Michelle Lawrence Spurlock Foundation Inc tax-deductible?
Kaitlyn Michelle Lawrence Spurlock Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205671027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kaitlyn Michelle Lawrence Spurlock Foundation Inc's spending goes to programs?
Kaitlyn Michelle Lawrence Spurlock Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kaitlyn Michelle Lawrence Spurlock Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kaitlyn Michelle Lawrence Spurlock 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 Kaitlyn Michelle Lawrence Spurlock Foundation Inc located?
Kaitlyn Michelle Lawrence Spurlock Foundation Inc is headquartered in Richmond, Kentucky and files with the IRS under EIN 205671027. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kaitlyn Michelle Lawrence Spurlock Foundation Inc have?
Kaitlyn Michelle Lawrence Spurlock Foundation Inc has 5 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 $11K in total revenue.
Is Kaitlyn Michelle Lawrence Spurlock Foundation Inc a good charity?
Based on the available data, the foundation demonstrates strong financial transparency, a volunteer-led structure (0% officer compensation), and a stable asset base. While recent periods show expenses exceeding revenue, its overall financial health appears sound for a small organization.
How has the foundation's revenue trended over the past few years?
The foundation's revenue has fluctuated, with a high of $6,186 in 2021 and a low of $2,763 in 2023, indicating an inconsistent funding stream.
What is the organization's asset-to-liability ratio?
The organization consistently maintains a very strong asset-to-liability ratio, with assets around $70,000-$78,000 and liabilities consistently reported as $1, indicating excellent financial stability in terms of debt.
Filing History
IRS 990 filing history for Kaitlyn Michelle Lawrence Spurlock Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Kaitlyn Michelle Lawrence Spurlock Foundation Inc's revenue has declined by 28.5%, moving from $4K to $3K. Total assets increased by 5.4% over the same period, from $71K to $75K. Total functional expenses rose by 30.2%, from $4K to $5K. In its most recent filing year (2023), Kaitlyn Michelle Lawrence Spurlock Foundation Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1 in liabilities against $75K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $75K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $5K | $75K | $1 | — | — |
| 2022 | $4K | $5K | $77K | $1 | — | — |
| 2021 | $6K | $2K | $78K | $1 | — | — |
| 2020 | $4K | $1K | $74K | $1 | — | — |
| 2019 | $4K | $4K | $71K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $5K, and assets of $75K (revenue -24.7% year-over-year).
- 2022: Revenue of $4K, expenses of $5K, and assets of $77K (revenue -40.7% year-over-year).
- 2021: Revenue of $6K, expenses of $2K, and assets of $78K (revenue +51.3% year-over-year).
- 2020: Revenue of $4K, expenses of $1K, and assets of $74K (revenue +5.8% year-over-year).
- 2019: Revenue of $4K, expenses of $4K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kaitlyn Michelle Lawrence Spurlock Foundation Inc:
Data Sources and Methodology
This transparency report for Kaitlyn Michelle Lawrence Spurlock 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.