Khaki Foundation
Khaki Foundation exhibits robust financial growth and minimal liabilities with zero reported officer compensation.
EIN: 200461805 · Kirkland, WA · NTEE: A12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $16.3M |
| Transparency Score | 92/100 |
Is Khaki Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Khaki Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Khaki Foundation
Khaki Foundation (EIN: 200461805) is a nonprofit organization based in Kirkland, WA, classified under NTEE code A12. The organization reported total revenue of $11.2M and total assets of $21.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Khaki Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Khaki Foundation is a large nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $16.3M |
| Total Liabilities | $10K |
| Net Assets | $16.3M |
| Operating Margin | 66.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 182.6 months |
Financial Health Grade: A
In 2023, Khaki Foundation reported a surplus of $2.1M with revenue exceeding expenses, holds 182.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Khaki Foundation's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.9% | -6.5% | +15.1% |
| 2022 | -22.4% | +34.0% | +7.4% |
| 2021 | +111.5% | +7.8% | +16.6% |
| 2020 | -11.0% | +12.7% | +4.6% |
| 2019 | -18.6% | +50.7% | +33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Khaki 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Khaki Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led or externally funded leadership structure.
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 Khaki Foundation's IRS 990 filings:
- Lack of detailed spending breakdown in provided summary data
- Unusually low liabilities (often $1) across multiple years, which might warrant further scrutiny to ensure accurate reporting or understanding of financial structure.
Strengths
The following positive indicators were identified for Khaki Foundation:
- Consistent revenue growth over a decade, from $602,358 in 2011 to $11,154,377 currently.
- Strong asset accumulation, growing from $5,393,814 in 2011 to $21,036,014.
- Extremely low liabilities, indicating a very healthy balance sheet and minimal debt.
- Zero reported officer compensation, suggesting a highly mission-focused or volunteer-driven leadership.
- Expenses consistently well below revenue, allowing for significant reinvestment or asset growth.
Frequently Asked Questions about Khaki Foundation
Is Khaki Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Khaki Foundation (EIN: 200461805) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Khaki Foundation spend its money?
Khaki Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Khaki Foundation tax-deductible?
Khaki Foundation is registered as a tax-exempt nonprofit (EIN: 200461805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Khaki Foundation's spending goes to programs?
Khaki Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Khaki Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Khaki Foundation is above average for NTEE category A12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Khaki Foundation located?
Khaki Foundation is headquartered in Kirkland, Washington and files with the IRS under EIN 200461805. It is classified under NTEE code A12.
How many years of IRS 990 filings does Khaki Foundation have?
Khaki Foundation has 10 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 $11.2M in total revenue.
How does Khaki Foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive compensation is covered by an external entity, or structured in a way not captured under 'officer compensation' on the 990 summary. Further investigation into the full 990 forms would be needed to understand this structure.
What are the specific programs Khaki Foundation funds or operates?
The provided data, including the NTEE code A12, indicates the organization is involved in 'Philanthropy, Voluntarism & Grantmaking Foundations'. To understand the specific programs, one would need to review the full IRS 990 forms, particularly Schedule O and Part III, Statement of Program Service Accomplishments.
Given the significant asset growth, how does Khaki Foundation determine its grantmaking or program spending?
The substantial growth in assets from $5,393,814 in 2011 to $21,036,014 currently, alongside consistent revenue exceeding expenses, suggests a strong endowment or investment strategy. The organization likely has specific policies for distributing funds, which would be detailed in its governance documents or full 990 filings.
Filing History
IRS 990 filing history for Khaki Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Khaki Foundation's revenue has grown by 429.4%, moving from $602K to $3.2M. Total assets increased by 201.6% over the same period, from $5.4M to $16.3M. Total functional expenses rose by 171.9%, from $393K to $1.1M. In its most recent filing year (2023), Khaki Foundation reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $10K in liabilities against $16.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $16.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $1.1M | $16.3M | $10K | — | View 990 |
| 2022 | $2.1M | $1.1M | $14.1M | $1 | — | View 990 |
| 2021 | $2.7M | $853K | $13.2M | $1 | — | — |
| 2020 | $1.3M | $791K | $11.3M | $1 | — | — |
| 2019 | $1.4M | $702K | $10.8M | $1 | — | View 990 |
| 2015 | $1.8M | $466K | $8.1M | $1 | — | View 990 |
| 2014 | $1.1M | $318K | $6.8M | $1 | — | View 990 |
| 2013 | $585K | $125K | $6.1M | $1 | — | View 990 |
| 2012 | $512K | $311K | $5.6M | $1 | — | View 990 |
| 2011 | $602K | $393K | $5.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $1.1M, and assets of $16.3M (revenue +50.9% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.1M, and assets of $14.1M (revenue -22.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $853K, and assets of $13.2M (revenue +111.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $791K, and assets of $11.3M (revenue -11.0% year-over-year).
- 2019: Revenue of $1.4M, expenses of $702K, and assets of $10.8M (revenue -18.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $466K, and assets of $8.1M (revenue +65.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $318K, and assets of $6.8M (revenue +84.0% year-over-year).
- 2013: Revenue of $585K, expenses of $125K, and assets of $6.1M (revenue +14.3% year-over-year).
- 2012: Revenue of $512K, expenses of $311K, and assets of $5.6M (revenue -15.1% year-over-year).
- 2011: Revenue of $602K, expenses of $393K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Khaki Foundation:
Data Sources and Methodology
This transparency report for Khaki 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.