Kelly Reeves Memorial Foundation
Kelly Reeves Memorial Foundation shows strong revenue growth and financial stability with no executive compensation.
EIN: 208873039 · Munroe Falls, OH · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $638K |
| Total Expenses | $412K |
| Program Spending | 90% |
| Net Assets | $278K |
| Transparency Score | 92/100 |
Is Kelly Reeves Memorial Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kelly Reeves Memorial Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kelly Reeves Memorial Foundation
Kelly Reeves Memorial Foundation (EIN: 208873039) is a nonprofit organization based in Munroe Falls, OH, classified under NTEE code T30. The organization reported total revenue of $638K and total assets of $332K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kelly Reeves Memorial Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kelly Reeves Memorial Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $467K |
| Total Expenses | $412K |
| Surplus / Deficit | +$55K |
| Total Assets | $278K |
| Net Assets | $278K |
| Operating Margin | 11.8% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Kelly Reeves Memorial Foundation reported a surplus of $55K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Kelly Reeves Memorial Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.6% | +65.1% | +24.6% |
| 2022 | -18.5% | -8.4% | -2.1% |
| 2021 | +100.8% | +88.2% | +14.1% |
| 2020 | -11.4% | +5.6% | +2.5% |
| 2019 | +61.3% | +49.6% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Kelly Reeves Memorial Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Kelly Reeves Memorial Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $55K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is highly favorable for directing funds to programs.
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.
Strengths
The following positive indicators were identified for Kelly Reeves Memorial Foundation:
- Consistent revenue growth, increasing from $149,815 in 2020 to $467,315 in 2023.
- Zero reported liabilities across all 13 IRS 990 filings, indicating strong financial health.
- No officer compensation reported in any filing, suggesting a highly efficient and volunteer-driven leadership or very lean administrative costs.
- Healthy and growing asset base, reaching $278,013 in 2023, providing a solid financial foundation.
- Positive net income in most recent years (e.g., $54,916 in 2023), allowing for asset growth and program expansion.
Frequently Asked Questions about Kelly Reeves Memorial Foundation
Is Kelly Reeves Memorial Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kelly Reeves Memorial Foundation (EIN: 208873039) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Kelly Reeves Memorial Foundation spend its money?
Kelly Reeves Memorial Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kelly Reeves Memorial Foundation tax-deductible?
Kelly Reeves Memorial Foundation is registered as a tax-exempt nonprofit (EIN: 208873039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kelly Reeves Memorial Foundation's spending goes to programs?
Kelly Reeves Memorial Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kelly Reeves Memorial Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Kelly Reeves Memorial Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kelly Reeves Memorial Foundation located?
Kelly Reeves Memorial Foundation is headquartered in Munroe Falls, Ohio and files with the IRS under EIN 208873039. It is classified under NTEE code T30.
How many years of IRS 990 filings does Kelly Reeves Memorial Foundation have?
Kelly Reeves Memorial Foundation has 13 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 $638K in total revenue.
Is Kelly Reeves Memorial Foundation a good charity?
Based on the provided financial data, the Kelly Reeves Memorial Foundation appears to be a very good charity. It demonstrates strong financial health with consistent revenue growth, a healthy asset base, and no reported liabilities. The absence of officer compensation is a significant positive indicator of efficiency and dedication to its mission.
How has the organization's revenue trended over time?
The organization's revenue has shown significant growth, particularly in recent years. It increased from $149,815 in 2020 to $467,315 in 2023, indicating increasing support and operational scale.
What is the organization's financial stability?
The Kelly Reeves Memorial Foundation exhibits strong financial stability. It consistently maintains a healthy asset base, reaching $278,013 in 2023, and has reported $0 in liabilities across all available filings, which is an excellent sign of fiscal responsibility.
Filing History
IRS 990 filing history for Kelly Reeves Memorial Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kelly Reeves Memorial Foundation's revenue has grown by 424.9%, moving from $89K to $467K. Total assets increased by 156.4% over the same period, from $108K to $278K. Total functional expenses rose by 488.1%, from $70K to $412K. In its most recent filing year (2023), Kelly Reeves Memorial Foundation reported a surplus of $55K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $467K | $412K | $278K | $0 | — | — |
| 2022 | $245K | $250K | $223K | $0 | — | View 990 |
| 2021 | $301K | $273K | $228K | $0 | — | View 990 |
| 2020 | $150K | $145K | $200K | $0 | — | View 990 |
| 2019 | $169K | $137K | $195K | $0 | — | View 990 |
| 2018 | $105K | $92K | $161K | $0 | — | View 990 |
| 2017 | $77K | $105K | $147K | $0 | — | View 990 |
| 2016 | $94K | $87K | $163K | $0 | — | View 990 |
| 2015 | $68K | $74K | $156K | $0 | — | View 990 |
| 2014 | $51K | $51K | $162K | $0 | — | View 990 |
| 2013 | $88K | $38K | $166K | $0 | — | View 990 |
| 2012 | $55K | $47K | $116K | $0 | — | View 990 |
| 2011 | $89K | $70K | $108K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $467K, expenses of $412K, and assets of $278K (revenue +90.6% year-over-year).
- 2022: Revenue of $245K, expenses of $250K, and assets of $223K (revenue -18.5% year-over-year).
- 2021: Revenue of $301K, expenses of $273K, and assets of $228K (revenue +100.8% year-over-year).
- 2020: Revenue of $150K, expenses of $145K, and assets of $200K (revenue -11.4% year-over-year).
- 2019: Revenue of $169K, expenses of $137K, and assets of $195K (revenue +61.3% year-over-year).
- 2018: Revenue of $105K, expenses of $92K, and assets of $161K (revenue +36.5% year-over-year).
- 2017: Revenue of $77K, expenses of $105K, and assets of $147K (revenue -18.5% year-over-year).
- 2016: Revenue of $94K, expenses of $87K, and assets of $163K (revenue +39.3% year-over-year).
- 2015: Revenue of $68K, expenses of $74K, and assets of $156K (revenue +32.2% year-over-year).
- 2014: Revenue of $51K, expenses of $51K, and assets of $162K (revenue -41.9% year-over-year).
- 2013: Revenue of $88K, expenses of $38K, and assets of $166K (revenue +60.6% year-over-year).
- 2012: Revenue of $55K, expenses of $47K, and assets of $116K (revenue -38.4% year-over-year).
- 2011: Revenue of $89K, expenses of $70K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kelly Reeves Memorial Foundation:
Data Sources and Methodology
This transparency report for Kelly Reeves Memorial 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.