Karen L Bean Irrevocable Private Foundation Trust Karebare
EIN: 326007838 · Indianapolis, IN · NTEE: T90
| Metric | Value |
|---|---|
| Total Revenue | $224K |
| Total Expenses | $128K |
| Net Assets | $617K |
Is Karen L Bean Irrevocable Private Foundation Trust Karebare Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Karen L Bean Irrevocable Private Foundation Trust Karebare
Karen L Bean Irrevocable Private Foundation Trust Karebare (EIN: 326007838) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code T90. The organization reported total revenue of $224K and total assets of $624K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karen L Bean Irrevocable Private Foundation Trust Karebare's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karen L Bean Irrevocable Private Foundation Trust Karebare is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $128K |
| Surplus / Deficit | $-44,058 |
| Total Assets | $617K |
| Total Liabilities | $1 |
| Net Assets | $617K |
| Operating Margin | -52.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 58.0 months |
Financial Health Grade: B
In 2023, Karen L Bean Irrevocable Private Foundation Trust Karebare reported a deficit of $44K with expenses exceeding revenue, holds 58.0 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), Karen L Bean Irrevocable Private Foundation Trust Karebare's revenue has declined at a compound annual growth rate (CAGR) of -9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.0% | +0.9% | -6.7% |
| 2022 | -52.0% | +4.9% | -9.8% |
| 2021 | +57.5% | +9.2% | -0.8% |
| 2020 | -29.7% | -17.2% | -4.8% |
| 2019 | -27.2% | +19.6% | -16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Karen L Bean Irrevocable Private Foundation Trust Karebare has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Karen L Bean Irrevocable Private Foundation Trust Karebare with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Karen L Bean Irrevocable Private Foundation Trust Karebare
Is Karen L Bean Irrevocable Private Foundation Trust Karebare a legitimate charity?
Karen L Bean Irrevocable Private Foundation Trust Karebare (EIN: 326007838) is a registered tax-exempt nonprofit based in Indiana. It has 10 years of IRS 990 filings on record. Total revenue: $224K. No red flags identified. Financial health grade: B.
How does Karen L Bean Irrevocable Private Foundation Trust Karebare spend its money?
Karen L Bean Irrevocable Private Foundation Trust Karebare reported $224K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Karen L Bean Irrevocable Private Foundation Trust Karebare tax-deductible?
Karen L Bean Irrevocable Private Foundation Trust Karebare is registered as a tax-exempt nonprofit (EIN: 326007838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Karen L Bean Irrevocable Private Foundation Trust Karebare located?
Karen L Bean Irrevocable Private Foundation Trust Karebare is headquartered in Indianapolis, Indiana and files with the IRS under EIN 326007838. It is classified under NTEE code T90.
How many years of IRS 990 filings does Karen L Bean Irrevocable Private Foundation Trust Karebare have?
Karen L Bean Irrevocable Private Foundation Trust Karebare 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 $224K in total revenue.
Filing History
IRS 990 filing history for Karen L Bean Irrevocable Private Foundation Trust Karebare showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Karen L Bean Irrevocable Private Foundation Trust Karebare's revenue has declined by 70.6%, moving from $285K to $84K. Total assets decreased by 40.9% over the same period, from $1.0M to $617K. Total functional expenses rose by 105.8%, from $62K to $128K. In its most recent filing year (2023), Karen L Bean Irrevocable Private Foundation Trust Karebare reported a deficit of $44K, with expenses exceeding revenue. The organization holds $1 in liabilities against $617K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $617K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $84K | $128K | $617K | $1 | — | View 990 |
| 2022 | $55K | $127K | $662K | $1 | — | View 990 |
| 2021 | $115K | $121K | $733K | $1 | — | — |
| 2020 | $73K | $111K | $739K | $1 | — | — |
| 2019 | $104K | $134K | $777K | $1 | — | View 990 |
| 2015 | $143K | $112K | $935K | $1 | — | View 990 |
| 2014 | $93K | $108K | $904K | $1 | — | View 990 |
| 2013 | $51K | $111K | $919K | $1 | — | View 990 |
| 2012 | $40K | $105K | $980K | $1 | — | View 990 |
| 2011 | $285K | $62K | $1.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $84K, expenses of $128K, and assets of $617K (revenue +52.0% year-over-year).
- 2022: Revenue of $55K, expenses of $127K, and assets of $662K (revenue -52.0% year-over-year).
- 2021: Revenue of $115K, expenses of $121K, and assets of $733K (revenue +57.5% year-over-year).
- 2020: Revenue of $73K, expenses of $111K, and assets of $739K (revenue -29.7% year-over-year).
- 2019: Revenue of $104K, expenses of $134K, and assets of $777K (revenue -27.2% year-over-year).
- 2015: Revenue of $143K, expenses of $112K, and assets of $935K (revenue +53.4% year-over-year).
- 2014: Revenue of $93K, expenses of $108K, and assets of $904K (revenue +83.2% year-over-year).
- 2013: Revenue of $51K, expenses of $111K, and assets of $919K (revenue +25.5% year-over-year).
- 2012: Revenue of $40K, expenses of $105K, and assets of $980K (revenue -85.8% year-over-year).
- 2011: Revenue of $285K, expenses of $62K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karen L Bean Irrevocable Private Foundation Trust Karebare:
Data Sources and Methodology
This transparency report for Karen L Bean Irrevocable Private Foundation Trust Karebare 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.