Kigali Center For Entrepreneurs
Kigali Center For Entrepreneurs consistently operates near break-even with no reported officer compensation.
EIN: 201516622 · Denver, CO · NTEE: S43 · Updated: 2026-03-28
Is Kigali Center For Entrepreneurs Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kigali Center For Entrepreneurs directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kigali Center For Entrepreneurs
Kigali Center For Entrepreneurs (EIN: 201516622) is a nonprofit organization based in Denver, CO, classified under NTEE code S43. The organization reported total revenue of $632K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kigali Center For Entrepreneurs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kigali Center For Entrepreneurs is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $572K |
| Total Expenses | $585K |
| Surplus / Deficit | $-12,249 |
| Total Assets | $19K |
| Total Liabilities | $17K |
| Net Assets | $2K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 88.5% |
| Months of Reserves | 0.4 months |
Financial Health Grade: D
In 2023, Kigali Center For Entrepreneurs reported a deficit of $12K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 88.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kigali Center For Entrepreneurs's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +12.6% | -55.4% |
| 2022 | -9.6% | -14.8% | — |
| 2021 | +62.6% | +59.9% | — |
| 2020 | +1.2% | +2.3% | — |
| 2019 | -5.0% | +1.1% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Kigali Center For Entrepreneurs with a Mission Score of 85 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, Kigali Center For Entrepreneurs 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 deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 88.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this revenue size ($572,327 in 202312). This suggests either a volunteer-led executive team or that compensation is categorized differently, requiring further inquiry for complete financial transparency.
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 Kigali Center For Entrepreneurs's IRS 990 filings:
- Consistently reported 0% officer compensation for an organization of this size, which may indicate incomplete reporting or an unusual compensation structure.
- Relatively low asset base ($18,694 in 202312) compared to annual revenue, suggesting limited financial reserves.
Strengths
The following positive indicators were identified for Kigali Center For Entrepreneurs:
- Consistent operational activity and revenue generation over a decade.
- Strong indication of program focus due to 0% reported officer compensation, suggesting funds are directed to mission.
- Generally operates near break-even, indicating responsible financial management.
Frequently Asked Questions about Kigali Center For Entrepreneurs
Is Kigali Center For Entrepreneurs a legitimate charity?
Based on AI analysis of IRS 990 filings, Kigali Center For Entrepreneurs (EIN: 201516622) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Kigali Center For Entrepreneurs spend its money?
Kigali Center For Entrepreneurs directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kigali Center For Entrepreneurs tax-deductible?
Kigali Center For Entrepreneurs is registered as a tax-exempt nonprofit (EIN: 201516622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kigali Center For Entrepreneurs a good charity?
Based on the available data, Kigali Center For Entrepreneurs appears to be a good charity, demonstrating consistent program activity and a strong commitment to directing funds towards its mission, as evidenced by 0% reported officer compensation. However, further investigation into how executive leadership is compensated, if at all, would provide a more complete picture.
How does Kigali Center For Entrepreneurs manage its executive compensation?
The IRS 990 filings consistently report 0% officer compensation for Kigali Center For Entrepreneurs across all available periods. This is highly unusual for an organization with annual revenues exceeding $500,000 and suggests that executive leadership may be entirely volunteer-based or compensated through mechanisms not classified as 'officer compensation' on the 990.
What is the trend in Kigali Center For Entrepreneurs' financial stability?
Kigali Center For Entrepreneurs generally operates near break-even, with revenues closely matching expenses. For example, in 202312, revenue was $572,327 and expenses were $584,576, a slight deficit. In 202212, revenue was $544,803 and expenses were $519,251, showing a surplus. This indicates a stable but lean financial operation with limited reserves.
Filing History
IRS 990 filing history for Kigali Center For Entrepreneurs showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kigali Center For Entrepreneurs's revenue has grown by 212.4%, moving from $183K to $572K. Total assets increased by 2.8% over the same period, from $18K to $19K. Total functional expenses rose by 243.7%, from $170K to $585K. In its most recent filing year (2023), Kigali Center For Entrepreneurs reported a deficit of $12K, with expenses exceeding revenue. The organization holds $17K in liabilities against $19K in assets (debt-to-asset ratio: 88.5%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $572K | $585K | $19K | $17K | — | View 990 |
| 2022 | $545K | $519K | $42K | $22K | — | View 990 |
| 2021 | $603K | $609K | $0 | $0 | — | View 990 |
| 2020 | $370K | $381K | $0 | $0 | — | — |
| 2019 | $366K | $372K | $0 | $0 | — | View 990 |
| 2018 | $385K | $368K | $0 | $0 | — | View 990 |
| 2017 | $384K | $403K | $0 | $0 | — | View 990 |
| 2016 | $426K | $419K | $0 | $0 | — | View 990 |
| 2015 | $494K | $493K | $0 | $0 | — | View 990 |
| 2014 | $448K | $448K | $17K | $0 | — | View 990 |
| 2013 | $247K | $234K | $15K | $0 | — | View 990 |
| 2012 | $215K | $213K | $836 | $-1,532 | — | View 990 |
| 2011 | $183K | $170K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $572K, expenses of $585K, and assets of $19K (revenue +5.1% year-over-year).
- 2022: Revenue of $545K, expenses of $519K, and assets of $42K (revenue -9.6% year-over-year).
- 2021: Revenue of $603K, expenses of $609K, and assets of $0 (revenue +62.6% year-over-year).
- 2020: Revenue of $370K, expenses of $381K, and assets of $0 (revenue +1.2% year-over-year).
- 2019: Revenue of $366K, expenses of $372K, and assets of $0 (revenue -5.0% year-over-year).
- 2018: Revenue of $385K, expenses of $368K, and assets of $0 (revenue +0.4% year-over-year).
- 2017: Revenue of $384K, expenses of $403K, and assets of $0 (revenue -10.0% year-over-year).
- 2016: Revenue of $426K, expenses of $419K, and assets of $0 (revenue -13.7% year-over-year).
- 2015: Revenue of $494K, expenses of $493K, and assets of $0 (revenue +10.1% year-over-year).
- 2014: Revenue of $448K, expenses of $448K, and assets of $17K (revenue +81.5% year-over-year).
- 2013: Revenue of $247K, expenses of $234K, and assets of $15K (revenue +15.0% year-over-year).
- 2012: Revenue of $215K, expenses of $213K, and assets of $836 (revenue +17.3% year-over-year).
- 2011: Revenue of $183K, expenses of $170K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kigali Center For Entrepreneurs:
Data Sources and Methodology
This transparency report for Kigali Center For Entrepreneurs 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.