Kirby Foundation
Kirby Foundation maintains strong asset growth despite fluctuating revenues and periods of deficit spending.
EIN: 205146083 · Half Moon Bay, CA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $1.2M |
| Program Spending | 90% |
| Net Assets | $25.6M |
| Transparency Score | 92/100 |
Is Kirby Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kirby Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kirby Foundation
Kirby Foundation (EIN: 205146083) is a nonprofit organization based in Half Moon Bay, CA, classified under NTEE code T22. The organization reported total revenue of $4.5M and total assets of $28.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kirby Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kirby Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $25.6M |
| Total Liabilities | $15K |
| Net Assets | $25.6M |
| Operating Margin | 50.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 258.0 months |
Financial Health Grade: A
In 2023, Kirby Foundation reported a surplus of $1.2M with revenue exceeding expenses, holds 258.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kirby Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +411.0% | +778.4% | +16.6% |
| 2022 | -97.7% | -6.5% | +3.6% |
| 2021 | +8204.9% | -95.9% | +2457.1% |
| 2020 | +26.7% | +220.6% | -79.7% |
| 2019 | -28.1% | +2.2% | -36.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Kirby Foundation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Kirby Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The Kirby Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is highly favorable for donor confidence and mission focus.
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 Kirby Foundation's IRS 990 filings:
- Significant revenue volatility, with revenue ranging from $20,055,344 in 202112 to $468,026 in 202212, which could indicate reliance on unpredictable large donations or investment gains.
- Periods of substantial deficit spending, such as in 202012 where expenses ($3,500,959) were significantly higher than revenue ($241,487), requiring a draw on assets.
Strengths
The following positive indicators were identified for Kirby Foundation:
- Consistent 0% officer compensation, demonstrating a strong commitment to mission and efficient use of funds.
- Substantial and growing asset base, with current assets of $28,845,836 providing long-term financial stability.
- Strong program spending focus, with an estimated 90% of expenses directed towards programs.
- Healthy financial surplus in recent years, such as 202312 where revenue ($2,391,398) significantly exceeded expenses ($1,190,382).
Frequently Asked Questions about Kirby Foundation
Is Kirby Foundation a legitimate charity?
Kirby Foundation (EIN: 205146083) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.5M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Kirby Foundation spend its money?
Kirby Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Kirby Foundation tax-deductible?
Kirby Foundation is registered as a tax-exempt nonprofit (EIN: 205146083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kirby Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Kirby Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kirby Foundation located?
Kirby Foundation is headquartered in Half Moon Bay, California and files with the IRS under EIN 205146083. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kirby Foundation have?
Kirby 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 $4.5M in total revenue.
Is Kirby Foundation a good charity?
Based on its financial data, the Kirby Foundation appears to be a good charity. It has substantial assets ($28,845,836), consistently reports 0% officer compensation, and generally maintains a healthy financial position, indicating strong stewardship of funds.
How does Kirby Foundation manage its expenses relative to its revenue?
The Kirby Foundation generally manages its expenses well, often operating with a surplus, such as in 202312 where revenue ($2,391,398) significantly exceeded expenses ($1,190,382). However, there have been periods, like 202012, where expenses ($3,500,959) were much higher than revenue ($241,487), suggesting strategic spending or investment losses in those years.
What is the trend in Kirby Foundation's assets?
The Kirby Foundation shows a strong upward trend in assets, growing from $8,583,618 in 201112 to $28,845,836 currently. This indicates effective asset management and accumulation over time, despite some periods of deficit spending.
Filing History
IRS 990 filing history for Kirby Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kirby Foundation's revenue has grown by 355.5%, moving from $525K to $2.4M. Total assets increased by 198.2% over the same period, from $8.6M to $25.6M. In its most recent filing year (2023), Kirby Foundation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $15K in liabilities against $25.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $25.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $1.2M | $25.6M | $15K | — | View 990 |
| 2022 | $468K | $136K | $21.9M | $42K | — | View 990 |
| 2021 | $20.1M | $145K | $21.2M | $37K | — | View 990 |
| 2020 | $241K | $3.5M | $829K | $1 | — | View 990 |
| 2019 | $191K | $1.1M | $4.1M | $1 | — | View 990 |
| 2015 | $265K | $1.1M | $6.5M | $1 | — | View 990 |
| 2014 | $435K | $1.1M | $7.3M | $1 | — | View 990 |
| 2013 | $268K | $621K | $7.9M | $0 | — | View 990 |
| 2012 | $257K | $569K | $8.3M | $0 | — | View 990 |
| 2011 | $525K | $0 | $8.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $1.2M, and assets of $25.6M (revenue +411.0% year-over-year).
- 2022: Revenue of $468K, expenses of $136K, and assets of $21.9M (revenue -97.7% year-over-year).
- 2021: Revenue of $20.1M, expenses of $145K, and assets of $21.2M (revenue +8204.9% year-over-year).
- 2020: Revenue of $241K, expenses of $3.5M, and assets of $829K (revenue +26.7% year-over-year).
- 2019: Revenue of $191K, expenses of $1.1M, and assets of $4.1M (revenue -28.1% year-over-year).
- 2015: Revenue of $265K, expenses of $1.1M, and assets of $6.5M (revenue -39.0% year-over-year).
- 2014: Revenue of $435K, expenses of $1.1M, and assets of $7.3M (revenue +62.1% year-over-year).
- 2013: Revenue of $268K, expenses of $621K, and assets of $7.9M (revenue +4.4% year-over-year).
- 2012: Revenue of $257K, expenses of $569K, and assets of $8.3M (revenue -51.1% year-over-year).
- 2011: Revenue of $525K, expenses of $0, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kirby Foundation:
Data Sources and Methodology
This transparency report for Kirby 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.