Kennedy Foundation
Kennedy Foundation faces long-term asset decline despite recent positive net income.
EIN: 205199307 · Reno, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $42K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $900,000 |
| Net Assets | $879K |
| Transparency Score | 45/100 |
Is Kennedy Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kennedy Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kennedy Foundation
Kennedy Foundation (EIN: 205199307) is a nonprofit organization based in Reno, NV, classified under NTEE code T20. The organization reported total revenue of $89K and total assets of $885K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kennedy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kennedy Foundation is a micro nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $42K |
| Surplus / Deficit | +$1K |
| Total Assets | $879K |
| Total Liabilities | $1 |
| Net Assets | $879K |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 251.8 months |
Financial Health Grade: A
In 2023, Kennedy Foundation reported a surplus of $1K with revenue exceeding expenses, holds 251.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | -31.5% | +0.1% |
| 2020 | -374.0% | -13.0% | -18.3% |
| 2019 | +71.8% | +66.1% | -0.3% |
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 Kennedy Foundation with a Mission Score of 45 out of 100 (Fair). 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, Kennedy 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 surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is likely volunteer-led or has no paid officers, which is highly unusual for an organization with nearly $900,000 in assets and annual expenses.
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 Kennedy Foundation's IRS 990 filings:
- Consistent long-term decline in assets from $1,459,559 in 2013 to $879,371 in 2023.
- Multiple years of negative revenue (e.g., $-165,826 in 2020, $-126,458 in 2021).
- Expenses frequently exceeding revenue over the past decade, indicating reliance on asset depletion.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data.
Strengths
The following positive indicators were identified for Kennedy Foundation:
- Zero officer compensation reported across all filings, suggesting a volunteer-driven model or highly efficient administrative cost control.
- Very low liabilities ($0 or $1) indicating no significant debt burden.
- Consistent filing of IRS Form 990, demonstrating compliance and transparency in reporting.
Frequently Asked Questions about Kennedy Foundation
Is Kennedy Foundation a legitimate charity?
Kennedy Foundation (EIN: 205199307) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 45/100. It has 11 years of IRS 990 filings on record. Total revenue: $89K. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does Kennedy Foundation spend its money?
Kennedy Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Kennedy Foundation tax-deductible?
Kennedy Foundation is registered as a tax-exempt nonprofit (EIN: 205199307). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kennedy Foundation CEO make?
Kennedy Foundation's highest-compensated officer earns $900,000 annually. The organization reported $89K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kennedy Foundation's spending goes to programs?
Kennedy Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Kennedy Foundation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Kennedy Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kennedy Foundation located?
Kennedy Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 205199307. It is classified under NTEE code T20.
How many years of IRS 990 filings does Kennedy Foundation have?
Kennedy 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 $89K in total revenue.
Is the Kennedy Foundation financially sustainable?
Based on the historical data, the Kennedy Foundation has shown a pattern of financial unsustainability, with expenses frequently exceeding revenue and a significant decline in assets from $1,459,559 in 2013 to $879,371 in 2023. While the latest year (2023) shows a slight surplus, this is an exception to a long-term trend of asset depletion.
Why did the Kennedy Foundation report negative revenue in 2020 and 2021?
The negative revenue figures ($-165,826 in 2020 and $-126,458 in 2021) are highly unusual and typically indicate significant losses from investments, returns of grants, or other non-operating activities that exceeded any incoming revenue. This warrants further investigation into the specific financial activities during those periods.
How does the Kennedy Foundation allocate its expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. Without this information, it's challenging to assess the efficiency of its spending, although the overall trend of expenses exceeding revenue is clear.
What caused the significant drop in assets from 2020 to 2021?
Assets decreased from $1,062,818 in 2020 to $890,743 in 2021, a drop of over $170,000. This coincides with the reported negative revenue of $-126,458 in 2021 and expenses of $45,617, indicating that the organization likely used its existing assets to cover operational costs and significant losses.
Filing History
IRS 990 filing history for Kennedy Foundation showing financial trends over 11 years of public records:
Total assets increased by 22.8% over the same period, from $716K to $879K. Total functional expenses fell by 32.8%, from $62K to $42K. In its most recent filing year (2023), Kennedy Foundation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $879K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $879K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $42K | $879K | $1 | — | — |
| 2022 | $49K | $61K | $878K | $1 | — | — |
| 2021 | $-126,458 | $46K | $891K | $1 | — | — |
| 2020 | $-165,826 | $72K | $1.1M | $1 | — | View 990 |
| 2019 | $61K | $82K | $1.3M | $1 | — | View 990 |
| 2016 | $35K | $50K | $1.3M | $1 | — | View 990 |
| 2015 | $62K | $122K | $1.3M | $1 | — | View 990 |
| 2014 | $44K | $125K | $1.4M | $0 | — | View 990 |
| 2013 | $966K | $139K | $1.5M | $0 | — | View 990 |
| 2012 | $13K | $96K | $632K | $0 | — | View 990 |
| 2011 | $-4,552 | $62K | $716K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $42K, and assets of $879K (revenue -11.7% year-over-year).
- 2022: Revenue of $49K, expenses of $61K, and assets of $878K.
- 2021: Revenue of $-126,458, expenses of $46K, and assets of $891K.
- 2020: Revenue of $-165,826, expenses of $72K, and assets of $1.1M (revenue -374.0% year-over-year).
- 2019: Revenue of $61K, expenses of $82K, and assets of $1.3M (revenue +71.8% year-over-year).
- 2016: Revenue of $35K, expenses of $50K, and assets of $1.3M (revenue -43.0% year-over-year).
- 2015: Revenue of $62K, expenses of $122K, and assets of $1.3M (revenue +39.3% year-over-year).
- 2014: Revenue of $44K, expenses of $125K, and assets of $1.4M (revenue -95.4% year-over-year).
- 2013: Revenue of $966K, expenses of $139K, and assets of $1.5M (revenue +7366.2% year-over-year).
- 2012: Revenue of $13K, expenses of $96K, and assets of $632K.
- 2011: Revenue of $-4,552, expenses of $62K, and assets of $716K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kennedy Foundation:
Data Sources and Methodology
This transparency report for Kennedy 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.