Kamm Teapot Foundation
Kamm Teapot Foundation maintains substantial assets with minimal liabilities and no reported officer compensation.
EIN: 206283951 · Statesville, NC · NTEE: A99 · Updated: 2026-03-28
Is Kamm Teapot Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kamm Teapot Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kamm Teapot Foundation
Kamm Teapot Foundation (EIN: 206283951) is a nonprofit organization based in Statesville, NC, classified under NTEE code A99. The organization reported total revenue of $563K and total assets of $23.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kamm Teapot Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kamm Teapot Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $461K |
| Total Expenses | $192K |
| Surplus / Deficit | +$268K |
| Total Assets | $22.9M |
| Total Liabilities | $1 |
| Net Assets | $22.9M |
| Operating Margin | 58.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1430.0 months |
Financial Health Grade: A
In 2023, Kamm Teapot Foundation reported a surplus of $268K with revenue exceeding expenses, holds 1430.0 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), Kamm Teapot Foundation's revenue has declined at a compound annual growth rate (CAGR) of -14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +5.6% | +1.2% |
| 2022 | -86.4% | -1.6% | +1.0% |
| 2021 | +82.4% | -4.4% | +16.7% |
| 2020 | +15.7% | -17.8% | +2.8% |
| 2019 | +20.3% | -13.8% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Kamm Teapot 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Kamm Teapot Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $268K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization with over $22 million in assets. This indicates either a completely volunteer-led executive team or that compensation is covered by an external entity, demonstrating a strong commitment to minimizing overhead in this area.
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.
Strengths
The following positive indicators were identified for Kamm Teapot Foundation:
- Consistently growing asset base, reaching $22,934,372 in 2023.
- Extremely low liabilities, often just $1, indicating strong financial stability.
- 0% officer compensation reported across all filings, demonstrating high transparency and dedication to mission.
- High spending efficiency, with expenses consistently low relative to revenue and assets.
- Strong financial health with revenue consistently exceeding expenses.
Frequently Asked Questions about Kamm Teapot Foundation
Is Kamm Teapot Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kamm Teapot Foundation (EIN: 206283951) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Kamm Teapot Foundation spend its money?
Kamm Teapot Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kamm Teapot Foundation tax-deductible?
Kamm Teapot Foundation is registered as a tax-exempt nonprofit (EIN: 206283951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kamm Teapot Foundation a good charity?
Based on the financial data, the Kamm Teapot Foundation appears to be a very well-managed and financially sound organization. It boasts substantial assets ($22.9M in 2023), minimal liabilities, and reports 0% officer compensation, indicating strong financial health and a commitment to its mission. Its spending efficiency is high, with expenses consistently low relative to revenue and assets.
How does the organization manage its expenses?
The organization manages its expenses very efficiently. For example, in 2023, with revenue of $460,512, expenses were only $192,459. This pattern of low expenses relative to revenue and assets is consistent across all filing periods, suggesting a lean operational model and a focus on asset preservation and growth.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent and significant growth over the years, increasing from $12,350,378 in 2011 to $22,934,372 in 2023. This steady accumulation of assets indicates strong financial stewardship and long-term stability.
Filing History
IRS 990 filing history for Kamm Teapot Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kamm Teapot Foundation's revenue has declined by 84.4%, moving from $3.0M to $461K. Total assets increased by 85.7% over the same period, from $12.4M to $22.9M. Total functional expenses fell by 37.4%, from $307K to $192K. In its most recent filing year (2023), Kamm Teapot Foundation reported a surplus of $268K, with revenue exceeding expenses. The organization holds $1 in liabilities against $22.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $461K | $192K | $22.9M | $1 | — | — |
| 2022 | $457K | $182K | $22.7M | $1 | — | View 990 |
| 2021 | $3.4M | $185K | $22.4M | $43K | — | View 990 |
| 2020 | $1.8M | $194K | $19.2M | $1 | — | View 990 |
| 2019 | $1.6M | $236K | $18.7M | $1.1M | — | View 990 |
| 2015 | $1.3M | $273K | $16.6M | $1.7M | — | View 990 |
| 2014 | $1.4M | $211K | $15.6M | $1.7M | — | View 990 |
| 2013 | $820K | $182K | $14.7M | $2.0M | — | View 990 |
| 2012 | $669K | $381K | $13.5M | $1.5M | — | View 990 |
| 2011 | $3.0M | $307K | $12.4M | $603K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $461K, expenses of $192K, and assets of $22.9M (revenue +0.7% year-over-year).
- 2022: Revenue of $457K, expenses of $182K, and assets of $22.7M (revenue -86.4% year-over-year).
- 2021: Revenue of $3.4M, expenses of $185K, and assets of $22.4M (revenue +82.4% year-over-year).
- 2020: Revenue of $1.8M, expenses of $194K, and assets of $19.2M (revenue +15.7% year-over-year).
- 2019: Revenue of $1.6M, expenses of $236K, and assets of $18.7M (revenue +20.3% year-over-year).
- 2015: Revenue of $1.3M, expenses of $273K, and assets of $16.6M (revenue -8.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $211K, and assets of $15.6M (revenue +75.3% year-over-year).
- 2013: Revenue of $820K, expenses of $182K, and assets of $14.7M (revenue +22.5% year-over-year).
- 2012: Revenue of $669K, expenses of $381K, and assets of $13.5M (revenue -77.3% year-over-year).
- 2011: Revenue of $3.0M, expenses of $307K, and assets of $12.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kamm Teapot Foundation:
Data Sources and Methodology
This transparency report for Kamm Teapot 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.