Kao Family Foundation
Kao Family Foundation shows substantial asset growth and minimal liabilities with no reported officer compensation.
EIN: 202014620 · Olathe, KS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37.2M |
| Total Expenses | $4.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $123 |
| Net Assets | $98.0M |
| Transparency Score | 85/100 |
Is Kao Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kao Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kao Family Foundation
Kao Family Foundation (EIN: 202014620) is a nonprofit organization based in Olathe, KS, classified under NTEE code T22. The organization reported total revenue of $37.2M and total assets of $123.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kao Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kao Family Foundation is a large 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 32.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.5M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$14.1M |
| Total Assets | $98.0M |
| Total Liabilities | $1 |
| Net Assets | $98.0M |
| Operating Margin | 76.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 271.5 months |
Financial Health Grade: A
In 2023, Kao Family Foundation reported a surplus of $14.1M with revenue exceeding expenses, holds 271.5 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), Kao Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 32.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +276.8% | +16.7% | +16.8% |
| 2022 | -59.5% | -24.2% | +1.5% |
| 2021 | +61.2% | +38.3% | +13.3% |
| 2020 | -65.6% | +5.1% | +6.2% |
| 2019 | +2395.9% | +196.8% | +652.9% |
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 Kao Family Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Kao Family Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $14.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either uncompensated or compensated through other means not reported as officer compensation, which is highly efficient for an organization of its size with over $123 million in assets.
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 Kao Family Foundation's IRS 990 filings:
- Consistent $1 liability reporting across all filings, which is unusual and lacks clarity.
Strengths
The following positive indicators were identified for Kao Family Foundation:
- Exceptional asset growth from $9.8 million to over $123 million over 12 years.
- Consistently low liabilities, indicating strong financial stability.
- 0% reported officer compensation, demonstrating highly efficient administrative cost management.
- Strong revenue generation, particularly in recent years, supporting endowment growth.
- Long history of IRS 990 filings (10 filings), indicating consistent reporting.
Frequently Asked Questions about Kao Family Foundation
Is Kao Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kao Family Foundation (EIN: 202014620) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Kao Family Foundation spend its money?
Kao Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kao Family Foundation tax-deductible?
Kao Family Foundation is registered as a tax-exempt nonprofit (EIN: 202014620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kao Family Foundation CEO make?
Kao Family Foundation's highest-compensated officer earns $123 annually. The organization reported $37.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kao Family Foundation's spending goes to programs?
Kao Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kao Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kao Family Foundation 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 Kao Family Foundation located?
Kao Family Foundation is headquartered in Olathe, Kansas and files with the IRS under EIN 202014620. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kao Family Foundation have?
Kao Family Foundation 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 $37.2M in total revenue.
What is the specific nature of the 'programs' funded by the Kao Family Foundation?
As a Private Grantmaking Foundation (NTEE T22), the foundation's programs likely involve making grants to other organizations or individuals, but the specific areas of focus (e.g., education, health, arts) are not detailed in the provided financial summary.
Why are liabilities consistently reported as $1 across all filings?
The consistent reporting of $1 in liabilities is unusual and could be a placeholder or a specific accounting practice. It would be beneficial to review the full 990 forms to understand the context of this entry.
How does the foundation manage its operations with 0% officer compensation?
The 0% officer compensation suggests that the foundation may be run by volunteers, or its operational costs are covered by other entities, or through non-officer staff. This is a highly efficient model for minimizing administrative overhead.
What is the foundation's strategy for managing its significant revenue fluctuations?
The foundation has experienced significant revenue fluctuations, from $608,132 in 2011 to $21.8 million in 2019 and $18.4 million in 2023. Its strategy appears to be focused on building its endowment, as expenses have remained relatively low compared to revenue, allowing assets to grow substantially.
Filing History
IRS 990 filing history for Kao Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kao Family Foundation's revenue has grown by 2935.1%, moving from $608K to $18.5M. Total assets increased by 893.9% over the same period, from $9.9M to $98.0M. Total functional expenses rose by 502.1%, from $720K to $4.3M. In its most recent filing year (2023), Kao Family Foundation reported a surplus of $14.1M, with revenue exceeding expenses. The organization holds $1 in liabilities against $98.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $98.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.5M | $4.3M | $98.0M | $1 | — | — |
| 2022 | $4.9M | $3.7M | $83.9M | $1 | — | View 990 |
| 2021 | $12.1M | $4.9M | $82.7M | $1 | — | View 990 |
| 2020 | $7.5M | $3.5M | $73.0M | $1 | — | View 990 |
| 2019 | $21.8M | $3.4M | $68.7M | $1 | — | View 990 |
| 2015 | $874K | $1.1M | $9.1M | $1 | — | View 990 |
| 2014 | $827K | $1.1M | $9.4M | $1 | — | View 990 |
| 2013 | $795K | $912K | $9.6M | $1 | — | View 990 |
| 2012 | $676K | $809K | $9.7M | $1 | — | View 990 |
| 2011 | $608K | $720K | $9.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.5M, expenses of $4.3M, and assets of $98.0M (revenue +276.8% year-over-year).
- 2022: Revenue of $4.9M, expenses of $3.7M, and assets of $83.9M (revenue -59.5% year-over-year).
- 2021: Revenue of $12.1M, expenses of $4.9M, and assets of $82.7M (revenue +61.2% year-over-year).
- 2020: Revenue of $7.5M, expenses of $3.5M, and assets of $73.0M (revenue -65.6% year-over-year).
- 2019: Revenue of $21.8M, expenses of $3.4M, and assets of $68.7M (revenue +2395.9% year-over-year).
- 2015: Revenue of $874K, expenses of $1.1M, and assets of $9.1M (revenue +5.7% year-over-year).
- 2014: Revenue of $827K, expenses of $1.1M, and assets of $9.4M (revenue +4.0% year-over-year).
- 2013: Revenue of $795K, expenses of $912K, and assets of $9.6M (revenue +17.7% year-over-year).
- 2012: Revenue of $676K, expenses of $809K, and assets of $9.7M (revenue +11.1% year-over-year).
- 2011: Revenue of $608K, expenses of $720K, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kao Family Foundation:
Data Sources and Methodology
This transparency report for Kao Family 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.