Kingjay Foundation Trust
Kingjay Foundation Trust maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 116605083 · Palm Beach, FL · NTEE: T22 · Updated: 2026-03-28
Is Kingjay Foundation Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kingjay Foundation Trust directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kingjay Foundation Trust
Kingjay Foundation Trust (EIN: 116605083) is a nonprofit organization based in Palm Beach, FL, classified under NTEE code T22. The organization reported total revenue of $7.1M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kingjay Foundation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kingjay Foundation Trust is a mid-size nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $259K |
| Total Expenses | $480K |
| Surplus / Deficit | $-221,215 |
| Total Assets | $5.2M |
| Total Liabilities | $1 |
| Net Assets | $5.2M |
| Operating Margin | -85.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 130.4 months |
Financial Health Grade: B
In 2023, Kingjay Foundation Trust reported a deficit of $221K with expenses exceeding revenue, holds 130.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Kingjay Foundation Trust's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.9% | +47.1% | -3.3% |
| 2022 | +1074.7% | +4.0% | +12.4% |
| 2021 | -76.6% | +5.7% | +4.4% |
| 2020 | -1.1% | +163.5% | +1.4% |
| 2019 | +73.6% | -68.3% | -19.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Kingjay Foundation Trust 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Kingjay Foundation Trust 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 deficit of $221K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Kingjay Foundation Trust consistently reports 0% officer compensation across all nine available filings, which is unusual for an organization with its asset base and operational expenses. This either indicates a fully volunteer executive leadership or that compensation is being reported in a non-standard category, which could impact 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 Kingjay Foundation Trust's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency if compensation exists but is not disclosed in this section.
- Expenses frequently exceed revenue (e.g., 202312: Expenses $480,475 vs. Revenue $259,260), potentially indicating reliance on drawing down assets or inconsistent funding.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes it difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for Kingjay Foundation Trust:
- Strong and stable asset base, with latest assets at $6,240,808, providing financial resilience.
- Extremely low liabilities (consistently $0 or $1), indicating a very healthy balance sheet and minimal debt.
- Long filing history (9 filings) suggests established operations and consistent reporting.
Frequently Asked Questions about Kingjay Foundation Trust
Is Kingjay Foundation Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Kingjay Foundation Trust (EIN: 116605083) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Kingjay Foundation Trust spend its money?
Kingjay Foundation Trust directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kingjay Foundation Trust tax-deductible?
Kingjay Foundation Trust is registered as a tax-exempt nonprofit (EIN: 116605083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kingjay Foundation Trust a good charity?
Based on the available data, Kingjay Foundation Trust maintains a strong asset base and minimal liabilities. However, without detailed expense breakdowns (program vs. admin/fundraising) and clarity on how executive leadership is supported given 0% reported officer compensation, a full assessment of its 'goodness' is challenging. Its financial stability is a positive indicator.
How does Kingjay Foundation Trust fund its operations?
The organization's revenue has varied significantly, from $78,488 to $921,999. In several periods (e.g., 202312, 202112), expenses exceeded revenue, suggesting it may rely on its substantial asset base ($6,240,808 latest assets) or prior year surpluses to cover operational costs.
What is the trend in Kingjay Foundation Trust's financial health?
The organization has maintained a relatively stable asset base over the years, generally between $4.5 million and $5.9 million. Revenue has been inconsistent, and expenses have sometimes outpaced revenue, but the low liabilities indicate a strong balance sheet.
Filing History
IRS 990 filing history for Kingjay Foundation Trust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Kingjay Foundation Trust's revenue has declined by 57%, moving from $602K to $259K. Total assets increased by 2.8% over the same period, from $5.1M to $5.2M. Total functional expenses rose by 22%, from $394K to $480K. In its most recent filing year (2023), Kingjay Foundation Trust reported a deficit of $221K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $259K | $480K | $5.2M | $1 | — | — |
| 2022 | $922K | $327K | $5.4M | $1 | — | View 990 |
| 2021 | $78K | $314K | $4.8M | $1 | — | View 990 |
| 2020 | $335K | $297K | $4.6M | $1 | — | View 990 |
| 2019 | $339K | $113K | $4.5M | $0 | — | View 990 |
| 2014 | $195K | $356K | $5.6M | $0 | — | View 990 |
| 2013 | $86K | $335K | $5.3M | $0 | — | View 990 |
| 2012 | $489K | $373K | $5.9M | $0 | — | View 990 |
| 2011 | $602K | $394K | $5.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $259K, expenses of $480K, and assets of $5.2M (revenue -71.9% year-over-year).
- 2022: Revenue of $922K, expenses of $327K, and assets of $5.4M (revenue +1074.7% year-over-year).
- 2021: Revenue of $78K, expenses of $314K, and assets of $4.8M (revenue -76.6% year-over-year).
- 2020: Revenue of $335K, expenses of $297K, and assets of $4.6M (revenue -1.1% year-over-year).
- 2019: Revenue of $339K, expenses of $113K, and assets of $4.5M (revenue +73.6% year-over-year).
- 2014: Revenue of $195K, expenses of $356K, and assets of $5.6M (revenue +126.4% year-over-year).
- 2013: Revenue of $86K, expenses of $335K, and assets of $5.3M (revenue -82.4% year-over-year).
- 2012: Revenue of $489K, expenses of $373K, and assets of $5.9M (revenue -18.8% year-over-year).
- 2011: Revenue of $602K, expenses of $394K, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kingjay Foundation Trust:
Data Sources and Methodology
This transparency report for Kingjay Foundation Trust 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.