Kate Obstgarten Private Foundation
Kate Obstgarten Private Foundation consistently spends more than its annual revenue, drawing down assets over time.
EIN: 201567943 · Boca Raton, FL · NTEE: T20 · Updated: 2026-03-28
Is Kate Obstgarten Private Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kate Obstgarten Private Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kate Obstgarten Private Foundation
Kate Obstgarten Private Foundation (EIN: 201567943) is a nonprofit organization based in Boca Raton, FL, classified under NTEE code T20. The organization reported total revenue of $1.0M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kate Obstgarten Private Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kate Obstgarten Private Foundation is a mid-size nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $125K |
| Surplus / Deficit | $-40,764 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -48.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 164.3 months |
Financial Health Grade: B
In 2023, Kate Obstgarten Private Foundation reported a deficit of $41K with expenses exceeding revenue, holds 164.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Kate Obstgarten Private Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.0% | -11.7% | -2.3% |
| 2022 | -19.3% | +7.4% | -2.9% |
| 2021 | +21.3% | +23.7% | -1.1% |
| 2020 | +5.3% | -24.9% | -0.8% |
| 2019 | -17.7% | -1.5% | -11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Kate Obstgarten Private Foundation 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, Kate Obstgarten Private 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 $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is unpaid, which is a positive for resource allocation.
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 Kate Obstgarten Private Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses exceeding revenue in every reported period (e.g., 2023 expenses $125,336 vs. revenue $84,572).
- Declining asset base over time, from $2,129,412 in 2014 to $1,715,612 in 2023, indicating a draw-down on principal.
- Discrepancy between 'Latest Revenue' ($1,034,044) and the most recent period's reported revenue ($84,572) requires clarification.
Strengths
The following positive indicators were identified for Kate Obstgarten Private Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the leadership level.
- Consistent filing of IRS 990 forms (7 filings), demonstrating transparency and compliance.
- Stable, albeit declining, asset base of over $1.7 million, providing a foundation for continued grant-making.
Frequently Asked Questions about Kate Obstgarten Private Foundation
Is Kate Obstgarten Private Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kate Obstgarten Private Foundation (EIN: 201567943) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Kate Obstgarten Private Foundation spend its money?
Kate Obstgarten Private Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kate Obstgarten Private Foundation tax-deductible?
Kate Obstgarten Private Foundation is registered as a tax-exempt nonprofit (EIN: 201567943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is the 'Latest Revenue' of $1,034,044 significantly higher than the 'Period 202308 Revenue' of $84,572?
This discrepancy suggests either a reporting anomaly, a large one-time contribution outside the typical fiscal year, or a misunderstanding of the 'Latest Revenue' figure provided. Clarification is needed to understand the foundation's true recent income.
How does the foundation plan to sustain its grant-making activities given the consistent decline in assets?
The foundation's assets have decreased from $2,129,412 in 2014 to $1,715,612 in 2023, while expenses consistently exceed revenue. This trend raises questions about the long-term sustainability of its funding model without new significant contributions.
What is the specific breakdown of program service expenses versus administrative costs?
Without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess the efficiency of spending. As a private foundation, most expenses are typically grants, but administrative overhead is still a factor.
Filing History
IRS 990 filing history for Kate Obstgarten Private Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Kate Obstgarten Private Foundation's revenue has declined by 44.3%, moving from $152K to $85K. Total assets decreased by 19.4% over the same period, from $2.1M to $1.7M. Total functional expenses fell by 14.5%, from $147K to $125K. In its most recent filing year (2023), Kate Obstgarten Private Foundation reported a deficit of $41K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $125K | $1.7M | $1 | — | View 990 |
| 2022 | $90K | $142K | $1.8M | $1 | — | View 990 |
| 2021 | $112K | $132K | $1.8M | $1 | — | View 990 |
| 2020 | $92K | $107K | $1.8M | $1 | — | — |
| 2019 | $87K | $142K | $1.8M | $1 | — | View 990 |
| 2015 | $106K | $145K | $2.1M | $1 | — | View 990 |
| 2014 | $152K | $147K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $125K, and assets of $1.7M (revenue -6.0% year-over-year).
- 2022: Revenue of $90K, expenses of $142K, and assets of $1.8M (revenue -19.3% year-over-year).
- 2021: Revenue of $112K, expenses of $132K, and assets of $1.8M (revenue +21.3% year-over-year).
- 2020: Revenue of $92K, expenses of $107K, and assets of $1.8M (revenue +5.3% year-over-year).
- 2019: Revenue of $87K, expenses of $142K, and assets of $1.8M (revenue -17.7% year-over-year).
- 2015: Revenue of $106K, expenses of $145K, and assets of $2.1M (revenue -30.1% year-over-year).
- 2014: Revenue of $152K, expenses of $147K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kate Obstgarten Private Foundation:
Data Sources and Methodology
This transparency report for Kate Obstgarten Private 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.