Kendeda Fund
Kendeda Fund consistently spends down assets for programs, with expenses exceeding revenue in recent years.
EIN: 206881642 · Wilmington, DE · NTEE: T90 · Updated: 2026-03-28
Is Kendeda Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kendeda Fund directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kendeda Fund
Kendeda Fund (EIN: 206881642) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T90. The organization reported total revenue of $64.2M and total assets of $50.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kendeda Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kendeda Fund is a major nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -10.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.0M |
| Total Expenses | $67.7M |
| Surplus / Deficit | $-56,690,930 |
| Total Assets | $50.7M |
| Total Liabilities | $6K |
| Net Assets | $50.7M |
| Operating Margin | -515.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2022, Kendeda Fund reported a deficit of $56.7M with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Kendeda Fund's revenue has declined at a compound annual growth rate (CAGR) of -10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -62.6% | -3.7% | -52.7% |
| 2021 | -11.4% | +7.3% | -27.6% |
| 2020 | -60.5% | +6.0% | -17.9% |
| 2019 | -45.0% | +60.8% | +6.4% |
| 2015 | +665.0% | +10.7% | +206.7% |
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 Kendeda Fund with a Mission Score of 95 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Kendeda Fund allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Kendeda Fund reported 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly unusual for an organization of its size and expense level, suggesting either a fully volunteer leadership or that compensation is handled through a related entity not reflected in these specific filings.
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 Kendeda Fund's IRS 990 filings:
- Consistent expenses exceeding revenue, leading to significant asset reduction (though potentially a planned spend-down)
Strengths
The following positive indicators were identified for Kendeda Fund:
- Extremely high program spending ratio (99% in 2022)
- Zero reported officer compensation across all filings
- Consistent and transparent IRS 990 filing history
- Very low administrative overhead (1% in 2022)
Frequently Asked Questions about Kendeda Fund
Is Kendeda Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Kendeda Fund (EIN: 206881642) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Kendeda Fund spend its money?
Kendeda Fund directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kendeda Fund tax-deductible?
Kendeda Fund is registered as a tax-exempt nonprofit (EIN: 206881642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kendeda Fund a good charity?
Based on its financial filings, Kendeda Fund appears to be a highly effective grant-making organization, dedicating 99% of its expenses to program services in 2022. Its consistent spend-down of assets suggests a focused philanthropic strategy rather than a concern about financial instability.
Why are Kendeda Fund's assets decreasing?
The decrease in assets from $180,510,583 in 2019 to $50,691,664 in 2022 is primarily due to expenses consistently exceeding revenue, indicating a deliberate spend-down strategy, which is common for private foundations aiming to disburse their endowment over a specific period.
How does Kendeda Fund manage its administrative costs?
The Kendeda Fund demonstrates exceptional efficiency in managing administrative costs, with only 1% of its total expenses in 2022 allocated to administrative functions. This is a very low ratio, indicating a strong focus on direct program delivery.
Filing History
IRS 990 filing history for Kendeda Fund showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Kendeda Fund's revenue has declined by 69.9%, moving from $36.5M to $11.0M. Total assets increased by 323% over the same period, from $12.0M to $50.7M. Total functional expenses rose by 120.2%, from $30.7M to $67.7M. In its most recent filing year (2022), Kendeda Fund reported a deficit of $56.7M, with expenses exceeding revenue. The organization holds $6K in liabilities against $50.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $50.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $11.0M | $67.7M | $50.7M | $6K | — | — |
| 2021 | $29.4M | $70.3M | $107.2M | $4K | — | View 990 |
| 2020 | $33.2M | $65.5M | $148.1M | $4K | — | — |
| 2019 | $84.0M | $61.8M | $180.5M | $3K | — | View 990 |
| 2015 | $152.8M | $38.4M | $169.7M | $1 | — | View 990 |
| 2014 | $20.0M | $34.7M | $55.3M | $1 | — | View 990 |
| 2013 | $43.3M | $29.1M | $70.1M | $1 | — | View 990 |
| 2012 | $75.1M | $31.2M | $55.8M | $1 | — | View 990 |
| 2011 | $36.5M | $30.7M | $12.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $11.0M, expenses of $67.7M, and assets of $50.7M (revenue -62.6% year-over-year).
- 2021: Revenue of $29.4M, expenses of $70.3M, and assets of $107.2M (revenue -11.4% year-over-year).
- 2020: Revenue of $33.2M, expenses of $65.5M, and assets of $148.1M (revenue -60.5% year-over-year).
- 2019: Revenue of $84.0M, expenses of $61.8M, and assets of $180.5M (revenue -45.0% year-over-year).
- 2015: Revenue of $152.8M, expenses of $38.4M, and assets of $169.7M (revenue +665.0% year-over-year).
- 2014: Revenue of $20.0M, expenses of $34.7M, and assets of $55.3M (revenue -53.9% year-over-year).
- 2013: Revenue of $43.3M, expenses of $29.1M, and assets of $70.1M (revenue -42.4% year-over-year).
- 2012: Revenue of $75.1M, expenses of $31.2M, and assets of $55.8M (revenue +105.7% year-over-year).
- 2011: Revenue of $36.5M, expenses of $30.7M, and assets of $12.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kendeda Fund:
Data Sources and Methodology
This transparency report for Kendeda 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.