Kinneret Foundation Inc
Kinneret Foundation Inc. faces severe financial distress with revenues consistently failing to cover expenses and assets significantly declining.
EIN: 205878271 · Las Vegas, NV · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $52K |
| Net Assets | $78K |
| Transparency Score | 10/100 |
Is Kinneret Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kinneret Foundation Inc
Kinneret Foundation Inc (EIN: 205878271) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T22. The organization reported total revenue of $1 and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kinneret Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kinneret Foundation Inc is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -34.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $174 |
| Total Expenses | $52K |
| Surplus / Deficit | $-51,716 |
| Total Assets | $78K |
| Total Liabilities | $1 |
| Net Assets | $78K |
| Operating Margin | -29721.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.1 months |
Financial Health Grade: B
In 2023, Kinneret Foundation Inc reported a deficit of $52K with expenses exceeding revenue, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kinneret Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -34.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +625.0% | +115.9% | -39.8% |
| 2022 | +140.0% | -94.2% | -15.6% |
| 2021 | -100.0% | +1405.1% | -72.9% |
| 2020 | -45.9% | -3.6% | +43.5% |
| 2019 | +3363536.4% | +787.3% | +1788.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Kinneret Foundation Inc with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Kinneret Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that officers are not drawing salaries from the organization. While this suggests a volunteer-driven leadership, it does not offset the significant financial instability.
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 Kinneret Foundation Inc's IRS 990 filings:
- Consistent and severe revenue shortfalls compared to expenses (e.g., $174 revenue vs. $51,890 expenses in 2023).
- Drastic decline in assets over time (from $578,219 in 2011 to $78,315 in 2023).
- Extremely low reported revenue in recent years ($1 in latest, $10 in 2021).
- Lack of transparency regarding the nature of significant expenses given minimal revenue.
Strengths
The following positive indicators were identified for Kinneret Foundation Inc:
- No reported officer compensation, indicating volunteer leadership.
Frequently Asked Questions about Kinneret Foundation Inc
Is Kinneret Foundation Inc a legitimate charity?
Kinneret Foundation Inc (EIN: 205878271) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 10/100. It has 10 years of IRS 990 filings on record. Total revenue: $1. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Kinneret Foundation Inc spend its money?
Kinneret Foundation Inc reported $1 in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kinneret Foundation Inc tax-deductible?
Kinneret Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205878271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kinneret Foundation Inc compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Kinneret Foundation Inc is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kinneret Foundation Inc located?
Kinneret Foundation Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 205878271. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kinneret Foundation Inc have?
Kinneret Foundation Inc 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 $1 in total revenue.
How does Kinneret Foundation Inc. cover its substantial expense deficits?
The provided data shows significant deficits, such as $174 revenue against $51,890 expenses in 2023. It's unclear how these gaps are consistently funded, especially with declining assets, suggesting reliance on undisclosed sources or a rapid depletion of reserves.
What is the actual program activity given the minimal reported revenue?
With revenues as low as $1 in the latest period and $10 in 2021, it is highly improbable that the organization is conducting substantial program activities. The expenses incurred, such as $51,890 in 2023, are disproportionate to the reported revenue, raising questions about the nature of these expenditures.
Why have the organization's assets declined so dramatically?
Assets have fallen from $578,219 in 2011 to $78,315 in 2023. This significant decline is likely due to the organization consistently spending far more than it generates in revenue, drawing down its reserves to cover operational costs.
Is Kinneret Foundation Inc. financially sustainable?
Based on the consistent and large revenue shortfalls relative to expenses, and the drastic reduction in assets, the organization appears to be financially unsustainable in its current operating model.
Filing History
IRS 990 filing history for Kinneret Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kinneret Foundation Inc's revenue has declined by 99.3%, moving from $26K to $174. Total assets decreased by 86.5% over the same period, from $578K to $78K. Total functional expenses fell by 96.6%, from $1.5M to $52K. In its most recent filing year (2023), Kinneret Foundation Inc reported a deficit of $52K, with expenses exceeding revenue. The organization holds $1 in liabilities against $78K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $78K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $174 | $52K | $78K | $1 | — | — |
| 2022 | $24 | $24K | $130K | $1 | — | — |
| 2021 | $10 | $415K | $154K | $1 | — | — |
| 2020 | $200K | $28K | $569K | $5 | — | View 990 |
| 2019 | $370K | $29K | $396K | $1 | — | View 990 |
| 2015 | $11 | $3K | $21K | $0 | — | View 990 |
| 2014 | $16 | $51K | $24K | $0 | — | View 990 |
| 2013 | $38 | $1K | $75K | $0 | — | View 990 |
| 2012 | $27K | $528K | $77K | $0 | — | View 990 |
| 2011 | $26K | $1.5M | $578K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174, expenses of $52K, and assets of $78K (revenue +625.0% year-over-year).
- 2022: Revenue of $24, expenses of $24K, and assets of $130K (revenue +140.0% year-over-year).
- 2021: Revenue of $10, expenses of $415K, and assets of $154K (revenue -100.0% year-over-year).
- 2020: Revenue of $200K, expenses of $28K, and assets of $569K (revenue -45.9% year-over-year).
- 2019: Revenue of $370K, expenses of $29K, and assets of $396K (revenue +3363536.4% year-over-year).
- 2015: Revenue of $11, expenses of $3K, and assets of $21K (revenue -31.3% year-over-year).
- 2014: Revenue of $16, expenses of $51K, and assets of $24K (revenue -57.9% year-over-year).
- 2013: Revenue of $38, expenses of $1K, and assets of $75K (revenue -99.9% year-over-year).
- 2012: Revenue of $27K, expenses of $528K, and assets of $77K (revenue +4.1% year-over-year).
- 2011: Revenue of $26K, expenses of $1.5M, and assets of $578K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kinneret Foundation Inc:
Data Sources and Methodology
This transparency report for Kinneret 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.