King Youth Foundation Inc
King Youth Foundation Inc shows rapid growth but incurred a deficit in its latest fiscal year.
EIN: 141898871 · Miami, FL · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $912K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $867,402. |
| Net Assets | $9K |
| Transparency Score | 85/100 |
Is King Youth Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
King Youth Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About King Youth Foundation Inc
King Youth Foundation Inc (EIN: 141898871) is a nonprofit organization based in Miami, FL, classified under NTEE code B82. The organization reported total revenue of $1.1M and total assets of $138K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of King Youth Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
King Youth Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 439.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $867K |
| Total Expenses | $912K |
| Surplus / Deficit | $-44,539 |
| Total Assets | $15K |
| Total Liabilities | $7K |
| Net Assets | $9K |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 42.9% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2023, King Youth Foundation Inc reported a deficit of $45K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 42.9% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), King Youth Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 439.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +76.7% | +107.7% | -72.6% |
| 2022 | +1545.5% | +1529.4% | +1850.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 King Youth Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, King Youth Foundation Inc 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 deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a growing organization of its size with latest revenue of $867,402.
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 King Youth Foundation Inc's IRS 990 filings:
- Operating deficit in the latest fiscal year (2023), with expenses exceeding revenue by $44,539.
Strengths
The following positive indicators were identified for King Youth Foundation Inc:
- Rapid revenue growth from $29,834 in 2021 to $867,402 in 2023.
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in directing funds.
- Significant growth in assets over the three-year period, from $2,894 to $15,454.
- Two consecutive years of operating surpluses (2021 and 2022) prior to the 2023 deficit.
Frequently Asked Questions about King Youth Foundation Inc
Is King Youth Foundation Inc a legitimate charity?
King Youth Foundation Inc (EIN: 141898871) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 3 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does King Youth Foundation Inc spend its money?
King Youth Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to King Youth Foundation Inc tax-deductible?
King Youth Foundation Inc is registered as a tax-exempt nonprofit (EIN: 141898871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the King Youth Foundation Inc CEO make?
King Youth Foundation Inc's highest-compensated officer earns $867,402. annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of King Youth Foundation Inc's spending goes to programs?
King Youth Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does King Youth Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), King Youth Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is King Youth Foundation Inc located?
King Youth Foundation Inc is headquartered in Miami, Florida and files with the IRS under EIN 141898871. It is classified under NTEE code B82.
How many years of IRS 990 filings does King Youth Foundation Inc have?
King Youth Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.1M in total revenue.
Is King Youth Foundation Inc a good charity?
Based on the available data, King Youth Foundation Inc appears to be a promising charity. It has shown rapid growth in its operations and consistently reports 0% officer compensation, suggesting a strong commitment to its mission. However, the recent operating deficit in 2023 should be monitored.
What caused the deficit in 2023?
The IRS 990 data shows that in 2023, expenses ($911,941) exceeded revenue ($867,402) by $44,539. Without more detailed financial statements, the specific causes of this deficit (e.g., increased program costs, one-time investments, or unexpected administrative expenses) cannot be precisely determined from the summary data.
How has the organization's asset base changed?
The organization's assets have grown significantly, from $2,894 in 2021 to $56,449 in 2022, and then to $15,454 in 2023. While there was a decrease in assets from 2022 to 2023, the overall trend from 2021 shows substantial growth, indicating an increase in financial capacity over time.
Filing History
IRS 990 filing history for King Youth Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), King Youth Foundation Inc's revenue has grown by 2807.4%, moving from $30K to $867K. Total assets increased by 434% over the same period, from $3K to $15K. Total functional expenses rose by 3285.1%, from $27K to $912K. In its most recent filing year (2023), King Youth Foundation Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $7K in liabilities against $15K in assets (debt-to-asset ratio: 42.9%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $867K | $912K | $15K | $7K | — | — |
| 2022 | $491K | $439K | $56K | $0 | — | View 990 |
| 2021 | $30K | $27K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $867K, expenses of $912K, and assets of $15K (revenue +76.7% year-over-year).
- 2022: Revenue of $491K, expenses of $439K, and assets of $56K (revenue +1545.5% year-over-year).
- 2021: Revenue of $30K, expenses of $27K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for King Youth Foundation Inc:
Data Sources and Methodology
This transparency report for King Youth Foundation 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.