Karl And Mildred Niekamp Charitable Foundation
Karl And Mildred Niekamp Charitable Foundation consistently spends more than its revenue, drawing down assets over the last decade.
EIN: 202790169 · Wheeling, WV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $233K |
| Program Spending | 90% |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Karl And Mildred Niekamp Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Karl And Mildred Niekamp Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Karl And Mildred Niekamp Charitable Foundation
Karl And Mildred Niekamp Charitable Foundation (EIN: 202790169) is a nonprofit organization based in Wheeling, WV, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karl And Mildred Niekamp Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karl And Mildred Niekamp Charitable Foundation is a mid-size 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 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $233K |
| Surplus / Deficit | $-136,653 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -141.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 107.5 months |
Financial Health Grade: B
In 2023, Karl And Mildred Niekamp Charitable Foundation reported a deficit of $137K with expenses exceeding revenue, holds 107.5 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), Karl And Mildred Niekamp Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.4% | -5.1% | -6.1% |
| 2022 | -33.7% | +20.6% | -5.5% |
| 2021 | +8.5% | +2.4% | -1.2% |
| 2020 | -30.4% | -2.9% | -1.6% |
| 2019 | +63.9% | +9.8% | -2.7% |
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 Karl And Mildred Niekamp Charitable 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Karl And Mildred Niekamp Charitable 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 deficit of $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through an external entity, which significantly reduces overhead costs for the organization itself.
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 Karl And Mildred Niekamp Charitable Foundation's IRS 990 filings:
- Consistent decline in asset base over the past decade, indicating a spend-down strategy without sufficient new capital infusion to maintain or grow assets.
Strengths
The following positive indicators were identified for Karl And Mildred Niekamp Charitable Foundation:
- Zero officer compensation reported across all filings, indicating highly efficient or volunteer-led governance.
- Consistent IRS 990 filing history, demonstrating good transparency and compliance.
- Stable and minimal liabilities ($1 across all periods), suggesting strong financial management and no significant debt.
- Substantial asset base ($2,090,114 in 2023) for a private foundation, allowing for continued grantmaking.
Frequently Asked Questions about Karl And Mildred Niekamp Charitable Foundation
Is Karl And Mildred Niekamp Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Karl And Mildred Niekamp Charitable Foundation (EIN: 202790169) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Karl And Mildred Niekamp Charitable Foundation spend its money?
Karl And Mildred Niekamp Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Karl And Mildred Niekamp Charitable Foundation tax-deductible?
Karl And Mildred Niekamp Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202790169). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Karl And Mildred Niekamp Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Karl And Mildred Niekamp Charitable 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 Karl And Mildred Niekamp Charitable Foundation located?
Karl And Mildred Niekamp Charitable Foundation is headquartered in Wheeling, West Virginia and files with the IRS under EIN 202790169. It is classified under NTEE code T22.
How many years of IRS 990 filings does Karl And Mildred Niekamp Charitable Foundation have?
Karl And Mildred Niekamp Charitable 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 $1.2M in total revenue.
Is the Karl And Mildred Niekamp Charitable Foundation a good charity?
Based on the provided data, the foundation appears to be a well-managed private grantmaking foundation. It consistently files its IRS 990s, reports zero officer compensation, and maintains a stable asset base, albeit one that is being drawn down over time. Its primary function is to distribute funds, and the lack of executive compensation suggests efficiency in its operational model.
Why are expenses consistently higher than revenue?
For a private grantmaking foundation, it is common for expenses (primarily grants distributed) to exceed annual revenue, especially if the foundation is operating under a spend-down strategy or distributing from its endowment principal. This is not necessarily a negative indicator but rather a reflection of its operational model.
What is the trend of the foundation's assets?
The foundation's assets have shown a consistent decline over the past decade, from $2,707,734 in 2011 to $2,090,114 in 2023. This trend aligns with the pattern of expenses exceeding revenue, indicating that the foundation is distributing more than its annual income.
Filing History
IRS 990 filing history for Karl And Mildred Niekamp Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Karl And Mildred Niekamp Charitable Foundation's revenue has grown by 67%, moving from $58K to $97K. Total assets decreased by 22.8% over the same period, from $2.7M to $2.1M. Total functional expenses rose by 65.1%, from $141K to $233K. In its most recent filing year (2023), Karl And Mildred Niekamp Charitable Foundation reported a deficit of $137K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97K | $233K | $2.1M | $1 | — | View 990 |
| 2022 | $116K | $246K | $2.2M | $1 | — | View 990 |
| 2021 | $174K | $204K | $2.4M | $1 | — | — |
| 2020 | $161K | $199K | $2.4M | $1 | — | — |
| 2019 | $231K | $205K | $2.4M | $1 | — | View 990 |
| 2015 | $141K | $187K | $2.5M | $1 | — | View 990 |
| 2014 | $159K | $164K | $2.5M | $1 | — | View 990 |
| 2013 | $77K | $146K | $2.5M | $1 | — | View 990 |
| 2012 | $53K | $149K | $2.6M | $1 | — | View 990 |
| 2011 | $58K | $141K | $2.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97K, expenses of $233K, and assets of $2.1M (revenue -16.4% year-over-year).
- 2022: Revenue of $116K, expenses of $246K, and assets of $2.2M (revenue -33.7% year-over-year).
- 2021: Revenue of $174K, expenses of $204K, and assets of $2.4M (revenue +8.5% year-over-year).
- 2020: Revenue of $161K, expenses of $199K, and assets of $2.4M (revenue -30.4% year-over-year).
- 2019: Revenue of $231K, expenses of $205K, and assets of $2.4M (revenue +63.9% year-over-year).
- 2015: Revenue of $141K, expenses of $187K, and assets of $2.5M (revenue -11.3% year-over-year).
- 2014: Revenue of $159K, expenses of $164K, and assets of $2.5M (revenue +106.4% year-over-year).
- 2013: Revenue of $77K, expenses of $146K, and assets of $2.5M (revenue +45.5% year-over-year).
- 2012: Revenue of $53K, expenses of $149K, and assets of $2.6M (revenue -8.6% year-over-year).
- 2011: Revenue of $58K, expenses of $141K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karl And Mildred Niekamp Charitable Foundation:
Data Sources and Methodology
This transparency report for Karl And Mildred Niekamp Charitable 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.