Kathryn George Frost Leadership Foundation
Kathryn George Frost Leadership Foundation consistently operates at a deficit, spending more than it earns annually.
EIN: 205564166 · Latta, SC · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $6K |
| Program Spending | 70% |
| Net Assets | $72K |
| Transparency Score | 65/100 |
Is Kathryn George Frost Leadership Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kathryn George Frost Leadership Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kathryn George Frost Leadership Foundation
Kathryn George Frost Leadership Foundation (EIN: 205564166) is a nonprofit organization based in Latta, SC, classified under NTEE code B82. The organization reported total revenue of $5K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kathryn George Frost Leadership Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kathryn George Frost Leadership Foundation is a micro nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $6K |
| Surplus / Deficit | $-1,772 |
| Total Assets | $72K |
| Net Assets | $72K |
| Operating Margin | -43.7% |
| Months of Reserves | 147.6 months |
Financial Health Grade: B
In 2023, Kathryn George Frost Leadership Foundation reported a deficit of $2K with expenses exceeding revenue, holds 147.6 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Kathryn George Frost Leadership Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.4% | +0.4% | +2.7% |
| 2022 | -8.4% | +0.0% | -13.2% |
| 2021 | +51.5% | -0.4% | +8.7% |
| 2020 | -80.9% | -1.7% | -7.1% |
| 2019 | +264.1% | +2.4% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Kathryn George Frost Leadership Foundation with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Kathryn George Frost Leadership Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is a positive for minimizing administrative overhead.
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 Kathryn George Frost Leadership Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue (e.g., $5,825 expenses vs. $4,053 revenue in 2023).
- Declining revenue trend in recent years: Revenue has generally decreased from highs like $12,487 in 2019 to $4,053 in 2023.
- Reliance on asset drawdown: Persistent deficits suggest the organization is using its reserves to cover operational costs.
Strengths
The following positive indicators were identified for Kathryn George Frost Leadership Foundation:
- Zero officer compensation: Leadership is entirely volunteer-based, minimizing administrative costs.
- No liabilities: The organization has consistently reported $0 in liabilities, indicating strong financial discipline regarding debt.
- Consistent IRS 990 filings: A history of 11 filings demonstrates strong transparency and compliance.
- Stable asset base: Despite operating deficits, the organization has maintained a significant asset base (e.g., $73,815 in 2023).
Frequently Asked Questions about Kathryn George Frost Leadership Foundation
Is Kathryn George Frost Leadership Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kathryn George Frost Leadership Foundation (EIN: 205564166) some concerns. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.
How does Kathryn George Frost Leadership Foundation spend its money?
Kathryn George Frost Leadership Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kathryn George Frost Leadership Foundation tax-deductible?
Kathryn George Frost Leadership Foundation is registered as a tax-exempt nonprofit (EIN: 205564166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kathryn George Frost Leadership Foundation's spending goes to programs?
Kathryn George Frost Leadership Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Kathryn George Frost Leadership Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kathryn George Frost Leadership Foundation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kathryn George Frost Leadership Foundation located?
Kathryn George Frost Leadership Foundation is headquartered in Latta, South Carolina and files with the IRS under EIN 205564166. It is classified under NTEE code B82.
How many years of IRS 990 filings does Kathryn George Frost Leadership Foundation have?
Kathryn George Frost Leadership Foundation 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 $5K in total revenue.
Is the Kathryn George Frost Leadership Foundation financially sustainable?
The foundation's financial sustainability is questionable given its consistent operating deficits. In 2023, expenses ($5,825) exceeded revenue ($4,053) by $1,772. This pattern, observed in most recent years, suggests the organization is drawing down on its assets to cover operational costs, which is not sustainable long-term without increased revenue.
What is the primary source of the foundation's funding?
The provided data only shows total revenue, not its sources. Given the relatively low and fluctuating revenue figures (e.g., $4,053 in 2023, $3,311 in 2022), it's likely reliant on small donations or grants, but specific details are not available.
How does the foundation manage its assets?
The foundation maintains a stable asset base, currently at $73,815, and has consistently reported $0 in liabilities across all filings. This indicates prudent management of its existing capital and a strong avoidance of debt.
Filing History
IRS 990 filing history for Kathryn George Frost Leadership Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Kathryn George Frost Leadership Foundation's revenue has grown by 170%, moving from $2K to $4K. Total assets decreased by 8.4% over the same period, from $78K to $72K. Total functional expenses rose by 4.1%, from $6K to $6K. In its most recent filing year (2023), Kathryn George Frost Leadership Foundation reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $6K | $72K | $0 | — | View 990 |
| 2022 | $3K | $6K | $70K | $0 | — | — |
| 2021 | $4K | $6K | $80K | $0 | — | View 990 |
| 2020 | $2K | $6K | $74K | $0 | — | View 990 |
| 2019 | $12K | $6K | $80K | $0 | — | View 990 |
| 2018 | $3K | $6K | $73K | $0 | — | View 990 |
| 2017 | $11K | $6K | $83K | $0 | — | View 990 |
| 2016 | $6K | $6K | $79K | $0 | — | View 990 |
| 2015 | $1K | $6K | $78K | $0 | — | View 990 |
| 2014 | $5K | $6K | $87K | $0 | — | View 990 |
| 2011 | $2K | $6K | $78K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $6K, and assets of $72K (revenue +22.4% year-over-year).
- 2022: Revenue of $3K, expenses of $6K, and assets of $70K (revenue -8.4% year-over-year).
- 2021: Revenue of $4K, expenses of $6K, and assets of $80K (revenue +51.5% year-over-year).
- 2020: Revenue of $2K, expenses of $6K, and assets of $74K (revenue -80.9% year-over-year).
- 2019: Revenue of $12K, expenses of $6K, and assets of $80K (revenue +264.1% year-over-year).
- 2018: Revenue of $3K, expenses of $6K, and assets of $73K (revenue -68.3% year-over-year).
- 2017: Revenue of $11K, expenses of $6K, and assets of $83K (revenue +73.0% year-over-year).
- 2016: Revenue of $6K, expenses of $6K, and assets of $79K (revenue +510.3% year-over-year).
- 2015: Revenue of $1K, expenses of $6K, and assets of $78K (revenue -78.2% year-over-year).
- 2014: Revenue of $5K, expenses of $6K, and assets of $87K (revenue +212.5% year-over-year).
- 2011: Revenue of $2K, expenses of $6K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kathryn George Frost Leadership Foundation:
Data Sources and Methodology
This transparency report for Kathryn George Frost Leadership 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.