Karol Fund
Karol Fund faces significant financial challenges with consistent operating deficits and rapidly declining assets.
EIN: 200350673 · Fox Point, WI · NTEE: T20 · Updated: 2026-03-28
Source Check Matrix
What Has Been Verified vs. What Needs Human Review
Identity resolved verified
Karol Fund is mapped to EIN 200350673.
IRS BMF exempt record needs review
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11 stored filing years available.
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11 stored filing years available.
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Workflow Engine
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11 stored filing years plus ProPublica source
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75% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $257K |
| Program Spending | 75% |
| Net Assets | $117K |
| Transparency Score | 40/100 |
Search Intent Cockpit
Karol Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Karol Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Karol Fund in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $155K and expenses of $257K.
Revenue and Expenses
Karol Fund reported $155K in revenue and $257K in expenses, a deficit of $102K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
40/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Karol Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $193K (75%) |
Across stored filings, Karol Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 11 stored filing years |
| Peer context | Compare with National Tribal Childs Support Association | Wisconsin and Philanthropy context |
Trust Check
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Fox Point, WI nonprofitsPhilanthropy in Wisconsin
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Research Workflow
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Request a concise report for Karol Fund with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Karol Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Karol Fund
Karol Fund (EIN: 200350673) is a nonprofit organization based in Fox Point, WI, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karol Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karol Fund is a mid-size nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $257K |
| Surplus / Deficit | $-102,339 |
| Total Assets | $117K |
| Total Liabilities | $1 |
| Net Assets | $117K |
| Operating Margin | -66.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2023, Karol Fund reported a deficit of $102K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Karol Fund's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +183.8% | +3.0% | -50.2% |
| 2022 | +1020.8% | +7.5% | -40.1% |
| 2021 | -98.4% | +24.4% | -39.4% |
| 2020 | +4616.8% | -1.8% | -0.8% |
| 2019 | -99.1% | -49.3% | +137.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Karol Fund with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Karol Fund allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Karol Fund consistently reports 0% officer compensation across all provided filings, indicating that no executive salaries are paid, which is highly commendable for minimizing administrative costs.
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 Karol Fund's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in multiple recent years (e.g., 2023, 2022, 2021).
- Rapid depletion of assets: Assets have decreased from $652,929 in 2019 to $11,046 currently.
- Low current assets relative to expenses: Current assets of $11,046 are insufficient to cover even a fraction of annual expenses (e.g., $257,000 in 2023).
Strengths
The following positive indicators were identified for Karol Fund:
- Zero officer compensation: No executive salaries are reported, indicating efficient use of funds in this area.
- Low liabilities: Liabilities are consistently reported as $0 or $1, suggesting good financial management of debt.
Frequently Asked Questions about Karol Fund
Is Karol Fund a legitimate charity?
Karol Fund (EIN: 200350673) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 40/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.2M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Karol Fund spend its money?
Karol Fund directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Karol Fund tax-deductible?
Karol Fund is registered as a tax-exempt nonprofit (EIN: 200350673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Karol Fund's spending goes to programs?
Karol Fund directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Karol Fund compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Karol Fund is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Karol Fund located?
Karol Fund is headquartered in Fox Point, Wisconsin and files with the IRS under EIN 200350673. It is classified under NTEE code T20.
How many years of IRS 990 filings does Karol Fund have?
Karol Fund has 11 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 Karol Fund financially sustainable?
Based on the provided data, Karol Fund's financial sustainability is questionable. Expenses have consistently exceeded revenue in recent years (e.g., $257,000 expenses vs. $154,661 revenue in 2023), leading to a significant depletion of assets from $652,929 in 2019 to $11,046 currently.
Why are Karol Fund's assets declining so rapidly?
The rapid decline in assets (from $652,929 in 2019 to $11,046 currently) is primarily due to the organization consistently spending more than it earns. For example, in 2023, expenses were $102,339 higher than revenue.
Does Karol Fund pay its officers?
No, the provided IRS 990 data consistently shows 0% officer compensation across all available filing periods, indicating that no salaries are paid to officers.
Filing History
IRS 990 filing history for Karol Fund showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Karol Fund's revenue has declined by 48.5%, moving from $300K to $155K. Total assets increased by 575.1% over the same period, from $17K to $117K. Total functional expenses fell by 42.1%, from $444K to $257K. In its most recent filing year (2023), Karol Fund reported a deficit of $102K, with expenses exceeding revenue. The organization holds $1 in liabilities against $117K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $257K | $117K | $1 | — | View 990 |
| 2022 | $54K | $249K | $235K | $1 | — | View 990 |
| 2021 | $5K | $232K | $392K | $1 | — | — |
| 2020 | $311K | $187K | $648K | $1 | — | View 990 |
| 2019 | $7K | $190K | $653K | $0 | — | View 990 |
| 2015 | $750K | $375K | $275K | $0 | — | View 990 |
| 2014 | $400K | $362K | $140K | $0 | — | View 990 |
| 2013 | $400K | $329K | $101K | $0 | — | View 990 |
| 2012 | $300K | $324K | $30K | $0 | — | View 990 |
| 2011 | $350K | $313K | $54K | $0 | — | View 990 |
| 2010 | $300K | $444K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155K, expenses of $257K, and assets of $117K (revenue +183.8% year-over-year).
- 2022: Revenue of $54K, expenses of $249K, and assets of $235K (revenue +1020.8% year-over-year).
- 2021: Revenue of $5K, expenses of $232K, and assets of $392K (revenue -98.4% year-over-year).
- 2020: Revenue of $311K, expenses of $187K, and assets of $648K (revenue +4616.8% year-over-year).
- 2019: Revenue of $7K, expenses of $190K, and assets of $653K (revenue -99.1% year-over-year).
- 2015: Revenue of $750K, expenses of $375K, and assets of $275K (revenue +87.5% year-over-year).
- 2014: Revenue of $400K, expenses of $362K, and assets of $140K (revenue +0.0% year-over-year).
- 2013: Revenue of $400K, expenses of $329K, and assets of $101K (revenue +33.3% year-over-year).
- 2012: Revenue of $300K, expenses of $324K, and assets of $30K (revenue -14.3% year-over-year).
- 2011: Revenue of $350K, expenses of $313K, and assets of $54K (revenue +16.6% year-over-year).
- 2010: Revenue of $300K, expenses of $444K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karol Fund:
Data Sources and Methodology
This transparency report for Karol Fund 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.