Kinkead Housing Foundation
Kinkead Housing Foundation faces significant financial instability with high liabilities and volatile revenue.
EIN: 205761971 · Jackson, MS · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $51K |
| Program Spending | 80% |
| Net Assets | $-99,672 |
| Transparency Score | 55/100 |
Is Kinkead Housing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kinkead Housing Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kinkead Housing Foundation
Kinkead Housing Foundation (EIN: 205761971) is a nonprofit organization based in Jackson, MS, classified under NTEE code L21. The organization reported total revenue of $34K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kinkead Housing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kinkead Housing Foundation is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $51K |
| Surplus / Deficit | +$26K |
| Total Assets | $28K |
| Total Liabilities | $128K |
| Net Assets | $-99,672 |
| Operating Margin | 33.7% |
| Debt-to-Asset Ratio | 454.4% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2023, Kinkead Housing Foundation reported a surplus of $26K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 454.4% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +125.9% | -26.6% | +1234.8% |
| 2022 | -32.4% | -24.9% | -94.4% |
| 2021 | +454.8% | +317.1% | +3232.8% |
| 2020 | -92.1% | -75.0% | -92.1% |
| 2019 | +10114.7% | +7260.6% | +6966.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Kinkead Housing Foundation with a Mission Score of 55 out of 100 (Fair). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Kinkead Housing Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $26K, with revenue exceeding expenses.
- Debt-to-asset ratio: 454.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly favorable for minimizing administrative costs relative to the organization's size and revenue fluctuations.
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 Kinkead Housing Foundation's IRS 990 filings:
- High liabilities relative to assets (e.g., $127,797 liabilities vs. $28,125 assets in 2023)
- Significant revenue volatility year-over-year (e.g., $218,495 in 2017 down to $9,108 in 2020)
- Inconsistent financial growth and sustainability
- Lack of detailed expense breakdown in provided data
Strengths
The following positive indicators were identified for Kinkead Housing Foundation:
- 0% officer compensation reported across all filings, indicating no executive pay from the organization.
- Consistent filing history with the IRS.
Frequently Asked Questions about Kinkead Housing Foundation
Is Kinkead Housing Foundation a legitimate charity?
Kinkead Housing Foundation (EIN: 205761971) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $34K. 4 red flags identified. 2 strengths noted. Financial health grade: A.
How does Kinkead Housing Foundation spend its money?
Kinkead Housing Foundation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Kinkead Housing Foundation tax-deductible?
Kinkead Housing Foundation is registered as a tax-exempt nonprofit (EIN: 205761971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kinkead Housing Foundation's spending goes to programs?
Kinkead Housing Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kinkead Housing Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Kinkead Housing Foundation is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kinkead Housing Foundation located?
Kinkead Housing Foundation is headquartered in Jackson, Mississippi and files with the IRS under EIN 205761971. It is classified under NTEE code L21.
How many years of IRS 990 filings does Kinkead Housing Foundation have?
Kinkead Housing 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 $34K in total revenue.
How does Kinkead Housing Foundation plan to address its high liabilities?
The organization's liabilities have consistently been high, reaching $127,797 in 2023 while assets were only $28,125. The filings do not provide a specific plan for liability reduction.
What are the primary sources of Kinkead Housing Foundation's revenue?
The provided data only shows total revenue figures, such as $77,225 in 2023, but does not detail the specific sources (e.g., grants, donations, program service revenue).
What specific programs does Kinkead Housing Foundation operate?
The NTEE code L21 indicates 'Housing Development, Construction & Management', but the provided financial data does not detail specific program activities or their associated costs.
Why is there such significant volatility in Kinkead Housing Foundation's annual revenue?
Revenue has fluctuated dramatically, from $218,495 in 2017 to $9,108 in 2020. The filings do not provide explanations for these large year-over-year changes.
What is the organization's strategy for increasing its asset base relative to liabilities?
With assets of $28,125 and liabilities of $127,797 in 2023, the organization has a negative net asset position. The filings do not outline a strategy for asset growth or liability reduction.
Filing History
IRS 990 filing history for Kinkead Housing Foundation showing financial trends over 10 years of public records:
In its most recent filing year (2023), Kinkead Housing Foundation reported a surplus of $26K, with revenue exceeding expenses. The organization holds $128K in liabilities against $28K in assets (debt-to-asset ratio: 454.4%), resulting in net assets of $-99,672.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $51K | $28K | $128K | — | — |
| 2022 | $34K | $70K | $2K | $128K | — | — |
| 2021 | $51K | $93K | $38K | $128K | — | View 990 |
| 2020 | $9K | $22K | $1K | $49K | — | — |
| 2019 | $115K | $89K | $14K | $49K | — | View 990 |
| 2018 | $1K | $1K | $202 | $61K | — | View 990 |
| 2017 | $218K | $220K | $307 | $61K | — | View 990 |
| 2013 | $73K | $60K | $15K | $0 | — | View 990 |
| 2012 | $2K | $1K | $2K | $0 | — | View 990 |
| 2011 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $51K, and assets of $28K (revenue +125.9% year-over-year).
- 2022: Revenue of $34K, expenses of $70K, and assets of $2K (revenue -32.4% year-over-year).
- 2021: Revenue of $51K, expenses of $93K, and assets of $38K (revenue +454.8% year-over-year).
- 2020: Revenue of $9K, expenses of $22K, and assets of $1K (revenue -92.1% year-over-year).
- 2019: Revenue of $115K, expenses of $89K, and assets of $14K (revenue +10114.7% year-over-year).
- 2018: Revenue of $1K, expenses of $1K, and assets of $202 (revenue -99.5% year-over-year).
- 2017: Revenue of $218K, expenses of $220K, and assets of $307 (revenue +198.9% year-over-year).
- 2013: Revenue of $73K, expenses of $60K, and assets of $15K (revenue +4373.3% year-over-year).
- 2012: Revenue of $2K, expenses of $1K, and assets of $2K.
- 2011: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kinkead Housing Foundation:
Data Sources and Methodology
This transparency report for Kinkead Housing 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.