Karen Wellington Memorial Foundation For Living With Breast
EIN: 263768567 · Cincinnati, OH · NTEE: G30
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.2M |
| Net Assets | $655K |
Is Karen Wellington Memorial Foundation For Living With Breast Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Karen Wellington Memorial Foundation For Living With Breast
Karen Wellington Memorial Foundation For Living With Breast (EIN: 263768567) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code G30. The organization reported total revenue of $1.6M and total assets of $515K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karen Wellington Memorial Foundation For Living With Breast's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karen Wellington Memorial Foundation For Living With Breast is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-49,399 |
| Total Assets | $702K |
| Total Liabilities | $48K |
| Net Assets | $655K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Karen Wellington Memorial Foundation For Living With Breast reported a deficit of $49K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Karen Wellington Memorial Foundation For Living With Breast's revenue has grown at a compound annual growth rate (CAGR) of 29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | +32.5% | +11.7% |
| 2022 | +28.5% | +35.4% | -3.3% |
| 2021 | +14.3% | +48.8% | +14.0% |
| 2020 | +4.3% | -5.5% | +48.7% |
| 2019 | -2.9% | -27.3% | +64.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Karen Wellington Memorial Foundation For Living With Breast 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 Wellington Memorial Foundation For Living With Breast 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 $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.8%.
Frequently Asked Questions about Karen Wellington Memorial Foundation For Living With Breast
Is Karen Wellington Memorial Foundation For Living With Breast a legitimate charity?
Karen Wellington Memorial Foundation For Living With Breast (EIN: 263768567) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. Financial health grade: B.
How does Karen Wellington Memorial Foundation For Living With Breast spend its money?
Karen Wellington Memorial Foundation For Living With Breast reported $1.6M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Karen Wellington Memorial Foundation For Living With Breast tax-deductible?
Karen Wellington Memorial Foundation For Living With Breast is registered as a tax-exempt nonprofit (EIN: 263768567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Karen Wellington Memorial Foundation For Living With Breast located?
Karen Wellington Memorial Foundation For Living With Breast is headquartered in Cincinnati, Ohio and files with the IRS under EIN 263768567. It is classified under NTEE code G30.
How many years of IRS 990 filings does Karen Wellington Memorial Foundation For Living With Breast have?
Karen Wellington Memorial Foundation For Living With Breast has 13 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for Karen Wellington Memorial Foundation For Living With Breast showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Karen Wellington Memorial Foundation For Living With Breast's revenue has grown by 2030.2%, moving from $52K to $1.1M. Total assets increased by 662.8% over the same period, from $92K to $702K. Total functional expenses rose by 2308.7%, from $48K to $1.2M. In its most recent filing year (2023), Karen Wellington Memorial Foundation For Living With Breast reported a deficit of $49K, with expenses exceeding revenue. The organization holds $48K in liabilities against $702K in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $655K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $702K | $48K | — | View 990 |
| 2022 | $901K | $878K | $629K | $27K | — | View 990 |
| 2021 | $701K | $648K | $650K | $26K | — | View 990 |
| 2020 | $613K | $436K | $571K | $12K | — | — |
| 2019 | $588K | $461K | $384K | $0 | — | View 990 |
| 2018 | $605K | $635K | $234K | $0 | — | View 990 |
| 2017 | $576K | $460K | $295K | $0 | — | View 990 |
| 2016 | $348K | $330K | $161K | $16K | — | View 990 |
| 2015 | $189K | $192K | $130K | $7K | — | View 990 |
| 2014 | $192K | $157K | $128K | $772 | — | View 990 |
| 2013 | $118K | $135K | $90K | $426 | — | View 990 |
| 2012 | $94K | $90K | $108K | $6K | — | View 990 |
| 2011 | $52K | $48K | $92K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $702K (revenue +23.6% year-over-year).
- 2022: Revenue of $901K, expenses of $878K, and assets of $629K (revenue +28.5% year-over-year).
- 2021: Revenue of $701K, expenses of $648K, and assets of $650K (revenue +14.3% year-over-year).
- 2020: Revenue of $613K, expenses of $436K, and assets of $571K (revenue +4.3% year-over-year).
- 2019: Revenue of $588K, expenses of $461K, and assets of $384K (revenue -2.9% year-over-year).
- 2018: Revenue of $605K, expenses of $635K, and assets of $234K (revenue +5.1% year-over-year).
- 2017: Revenue of $576K, expenses of $460K, and assets of $295K (revenue +65.4% year-over-year).
- 2016: Revenue of $348K, expenses of $330K, and assets of $161K (revenue +83.7% year-over-year).
- 2015: Revenue of $189K, expenses of $192K, and assets of $130K (revenue -1.5% year-over-year).
- 2014: Revenue of $192K, expenses of $157K, and assets of $128K (revenue +63.1% year-over-year).
- 2013: Revenue of $118K, expenses of $135K, and assets of $90K (revenue +25.8% year-over-year).
- 2012: Revenue of $94K, expenses of $90K, and assets of $108K (revenue +79.3% year-over-year).
- 2011: Revenue of $52K, expenses of $48K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karen Wellington Memorial Foundation For Living With Breast:
Data Sources and Methodology
This transparency report for Karen Wellington Memorial Foundation For Living With Breast 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.