Karston A & Ethelyn O Osmondson Charitable Fund Inc
Karston A & Ethelyn O Osmondson Charitable Fund consistently spends more than it earns, drawing down assets.
EIN: 201341323 · Lexington, KY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $266K |
| Total Expenses | $75K |
| Program Spending | 90% |
| Net Assets | $462K |
| Transparency Score | 75/100 |
Is Karston A & Ethelyn O Osmondson Charitable Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Karston A & Ethelyn O Osmondson Charitable Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Karston A & Ethelyn O Osmondson Charitable Fund Inc
Karston A & Ethelyn O Osmondson Charitable Fund Inc (EIN: 201341323) is a nonprofit organization based in Lexington, KY, classified under NTEE code T22. The organization reported total revenue of $266K and total assets of $512K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karston A & Ethelyn O Osmondson Charitable Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karston A & Ethelyn O Osmondson Charitable Fund Inc is a small 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 -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $75K |
| Surplus / Deficit | $-14,400 |
| Total Assets | $462K |
| Total Liabilities | $1 |
| Net Assets | $462K |
| Operating Margin | -23.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 73.6 months |
Financial Health Grade: B
In 2023, Karston A & Ethelyn O Osmondson Charitable Fund Inc reported a deficit of $14K with expenses exceeding revenue, holds 73.6 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), Karston A & Ethelyn O Osmondson Charitable Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +413.7% | +8.1% | -3.0% |
| 2022 | -74.3% | -8.5% | -10.8% |
| 2021 | +10.1% | +14.6% | -5.3% |
| 2020 | -12.2% | -6.0% | -4.2% |
| 2019 | +11.9% | +21.2% | -13.4% |
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 Karston A & Ethelyn O Osmondson Charitable Fund Inc with a Mission Score of 75 out of 100 (Good). 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, Karston A & Ethelyn O Osmondson Charitable Fund Inc 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 $14K, 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 no salaries are paid to officers, which is highly efficient for a fund of this size.
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 Karston A & Ethelyn O Osmondson Charitable Fund Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in every reported period)
- Steady decline in total assets over time (from $736,014 in 2011 to $462,434 in 2023)
Strengths
The following positive indicators were identified for Karston A & Ethelyn O Osmondson Charitable Fund Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Consistent distribution of funds, as evidenced by deficit spending and asset drawdown, fulfilling its charitable purpose.
- Low liabilities, consistently reported as $1 in recent years, indicating minimal debt.
Frequently Asked Questions about Karston A & Ethelyn O Osmondson Charitable Fund Inc
Is Karston A & Ethelyn O Osmondson Charitable Fund Inc a legitimate charity?
Karston A & Ethelyn O Osmondson Charitable Fund Inc (EIN: 201341323) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $266K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Karston A & Ethelyn O Osmondson Charitable Fund Inc spend its money?
Karston A & Ethelyn O Osmondson Charitable Fund Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Karston A & Ethelyn O Osmondson Charitable Fund Inc tax-deductible?
Karston A & Ethelyn O Osmondson Charitable Fund Inc is registered as a tax-exempt nonprofit (EIN: 201341323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Karston A & Ethelyn O Osmondson Charitable Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Karston A & Ethelyn O Osmondson Charitable Fund Inc 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 Karston A & Ethelyn O Osmondson Charitable Fund Inc located?
Karston A & Ethelyn O Osmondson Charitable Fund Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 201341323. It is classified under NTEE code T22.
How many years of IRS 990 filings does Karston A & Ethelyn O Osmondson Charitable Fund Inc have?
Karston A & Ethelyn O Osmondson Charitable Fund Inc 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 $266K in total revenue.
Is Karston A & Ethelyn O Osmondson Charitable Fund Inc a good charity?
As a private charitable fund, it appears to be fulfilling its purpose of distributing assets for charitable causes. Its consistent deficit spending indicates it's actively granting funds, and the lack of officer compensation is a strong positive.
Why does the organization consistently spend more than it earns?
This is typical for a private foundation or charitable fund that is designed to distribute its principal over time, rather than grow an endowment indefinitely. The consistent decline in assets from $736,014 in 2011 to $462,434 in 2023 supports this model.
What are the 'Liabilities=$1' entries in recent filings?
The consistent reporting of $1 in liabilities is unusual. It could be a placeholder, a minor accounting entry, or a technicality in how certain small obligations are reported. It does not appear to represent a significant financial risk.
Filing History
IRS 990 filing history for Karston A & Ethelyn O Osmondson Charitable Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Karston A & Ethelyn O Osmondson Charitable Fund Inc's revenue has declined by 9.4%, moving from $67K to $61K. Total assets decreased by 37.2% over the same period, from $736K to $462K. Total functional expenses rose by 2.9%, from $73K to $75K. In its most recent filing year (2023), Karston A & Ethelyn O Osmondson Charitable Fund Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $462K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $462K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $75K | $462K | $1 | — | — |
| 2022 | $12K | $70K | $477K | $1 | — | View 990 |
| 2021 | $46K | $76K | $535K | $1 | — | View 990 |
| 2020 | $42K | $67K | $565K | $1 | — | — |
| 2019 | $48K | $71K | $589K | $1 | — | — |
| 2015 | $43K | $58K | $680K | $1 | — | View 990 |
| 2014 | $54K | $96K | $696K | $0 | — | View 990 |
| 2013 | $90K | $76K | $738K | $0 | — | View 990 |
| 2012 | $54K | $67K | $723K | $0 | — | View 990 |
| 2011 | $67K | $73K | $736K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $75K, and assets of $462K (revenue +413.7% year-over-year).
- 2022: Revenue of $12K, expenses of $70K, and assets of $477K (revenue -74.3% year-over-year).
- 2021: Revenue of $46K, expenses of $76K, and assets of $535K (revenue +10.1% year-over-year).
- 2020: Revenue of $42K, expenses of $67K, and assets of $565K (revenue -12.2% year-over-year).
- 2019: Revenue of $48K, expenses of $71K, and assets of $589K (revenue +11.9% year-over-year).
- 2015: Revenue of $43K, expenses of $58K, and assets of $680K (revenue -20.6% year-over-year).
- 2014: Revenue of $54K, expenses of $96K, and assets of $696K (revenue -40.3% year-over-year).
- 2013: Revenue of $90K, expenses of $76K, and assets of $738K (revenue +65.9% year-over-year).
- 2012: Revenue of $54K, expenses of $67K, and assets of $723K (revenue -19.4% year-over-year).
- 2011: Revenue of $67K, expenses of $73K, and assets of $736K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karston A & Ethelyn O Osmondson Charitable Fund Inc:
Data Sources and Methodology
This transparency report for Karston A & Ethelyn O Osmondson Charitable Fund Inc 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.