Kentucky Real Estate Inspectors Association Inc
Kentucky Real Estate Inspectors Association faces recurring deficits and declining assets.
EIN: 205530634 · Louisville, KY · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $64K |
| Program Spending | 80% |
| Net Assets | $12K |
| Transparency Score | 65/100 |
Is Kentucky Real Estate Inspectors Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kentucky Real Estate Inspectors Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Real Estate Inspectors Association Inc
Kentucky Real Estate Inspectors Association Inc (EIN: 205530634) is a nonprofit organization based in Louisville, KY, classified under NTEE code S40. The organization reported total revenue of $72K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Real Estate Inspectors Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Real Estate Inspectors Association Inc is a micro nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $64K |
| Surplus / Deficit | $-6,516 |
| Total Assets | $12K |
| Net Assets | $12K |
| Operating Margin | -11.4% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2024, Kentucky Real Estate Inspectors Association Inc reported a deficit of $7K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2011–2024), Kentucky Real Estate Inspectors Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.7% | -35.7% | -34.6% |
| 2023 | -41.0% | +16.4% | -72.7% |
| 2022 | +20.1% | +173.1% | -2.9% |
| 2021 | +4.8% | -56.3% | +115.1% |
| 2020 | -13.4% | +13.9% | -13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Kentucky Real Estate Inspectors Association Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Kentucky Real Estate Inspectors Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which significantly reduces administrative overhead for a small organization of this size.
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 Kentucky Real Estate Inspectors Association Inc's IRS 990 filings:
- Recurring operational deficits, with expenses exceeding revenue in 5 of the last 9 reported periods.
- Significant decline in assets from $71,061 in 202108 to $12,297 in 202408.
- Fluctuating revenue streams, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Kentucky Real Estate Inspectors Association Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and low overhead in this area.
- No reported liabilities across all available filing periods, suggesting responsible debt management.
- Regular IRS 990 filings demonstrate transparency.
Frequently Asked Questions about Kentucky Real Estate Inspectors Association Inc
Is Kentucky Real Estate Inspectors Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kentucky Real Estate Inspectors Association Inc (EIN: 205530634) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Kentucky Real Estate Inspectors Association Inc spend its money?
Kentucky Real Estate Inspectors Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kentucky Real Estate Inspectors Association Inc tax-deductible?
Kentucky Real Estate Inspectors Association Inc is registered as a tax-exempt nonprofit (EIN: 205530634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kentucky Real Estate Inspectors Association Inc's spending goes to programs?
Kentucky Real Estate Inspectors Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Real Estate Inspectors Association Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kentucky Real Estate Inspectors Association Inc is above average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Real Estate Inspectors Association Inc located?
Kentucky Real Estate Inspectors Association Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 205530634. It is classified under NTEE code S40.
How many years of IRS 990 filings does Kentucky Real Estate Inspectors Association Inc have?
Kentucky Real Estate Inspectors Association Inc has 14 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 $72K in total revenue.
Is KREIA financially stable?
KREIA's financial stability is questionable given the recurring operational deficits in recent years, including $6,516 in 202408 and $50,159 in 202308, and a declining asset base from $71,061 in 202108 to $12,297 in 202408.
How does KREIA manage its expenses?
While specific expense breakdowns are not provided, the consistent 0% officer compensation suggests efficient management in terms of leadership salaries. However, overall expenses have frequently exceeded revenue, indicating potential challenges in broader expense control or revenue generation.
What is the trend in KREIA's revenue?
KREIA's revenue has fluctuated significantly, from a high of $87,730 in 201808 to a low of $23,352 in 201708. The latest revenue of $57,252 in 202408 is lower than the previous period's $49,063, but still below some historical highs.
Filing History
IRS 990 filing history for Kentucky Real Estate Inspectors Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Kentucky Real Estate Inspectors Association Inc's revenue has grown by 72.5%, moving from $33K to $57K. Total assets decreased by 14.7% over the same period, from $14K to $12K. Total functional expenses rose by 79.7%, from $35K to $64K. In its most recent filing year (2024), Kentucky Real Estate Inspectors Association Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $57K | $64K | $12K | $0 | — | — |
| 2023 | $49K | $99K | $19K | $0 | — | View 990 |
| 2022 | $83K | $85K | $69K | $0 | — | — |
| 2021 | $69K | $31K | $71K | $0 | — | — |
| 2020 | $66K | $71K | $33K | $0 | — | View 990 |
| 2019 | $76K | $63K | $38K | $0 | — | View 990 |
| 2018 | $88K | $71K | $25K | $0 | — | View 990 |
| 2017 | $23K | $79K | $8K | $0 | — | View 990 |
| 2016 | $57K | $61K | $63K | $15 | — | View 990 |
| 2015 | $78K | $37K | $67K | $15 | — | View 990 |
| 2014 | $57K | $44K | $27K | $0 | — | View 990 |
| 2013 | $27K | $39K | $14K | $0 | — | View 990 |
| 2012 | $40K | $29K | $25K | $0 | — | View 990 |
| 2011 | $33K | $35K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $57K, expenses of $64K, and assets of $12K (revenue +16.7% year-over-year).
- 2023: Revenue of $49K, expenses of $99K, and assets of $19K (revenue -41.0% year-over-year).
- 2022: Revenue of $83K, expenses of $85K, and assets of $69K (revenue +20.1% year-over-year).
- 2021: Revenue of $69K, expenses of $31K, and assets of $71K (revenue +4.8% year-over-year).
- 2020: Revenue of $66K, expenses of $71K, and assets of $33K (revenue -13.4% year-over-year).
- 2019: Revenue of $76K, expenses of $63K, and assets of $38K (revenue -13.0% year-over-year).
- 2018: Revenue of $88K, expenses of $71K, and assets of $25K (revenue +275.7% year-over-year).
- 2017: Revenue of $23K, expenses of $79K, and assets of $8K (revenue -58.9% year-over-year).
- 2016: Revenue of $57K, expenses of $61K, and assets of $63K (revenue -27.0% year-over-year).
- 2015: Revenue of $78K, expenses of $37K, and assets of $67K (revenue +36.4% year-over-year).
- 2014: Revenue of $57K, expenses of $44K, and assets of $27K (revenue +109.5% year-over-year).
- 2013: Revenue of $27K, expenses of $39K, and assets of $14K (revenue -31.3% year-over-year).
- 2012: Revenue of $40K, expenses of $29K, and assets of $25K (revenue +19.4% year-over-year).
- 2011: Revenue of $33K, expenses of $35K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Real Estate Inspectors Association Inc:
Data Sources and Methodology
This transparency report for Kentucky Real Estate Inspectors Association Inc 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.