Kla Samaritan Foundation Inc
Kla Samaritan Foundation maintains substantial assets despite recent years of expenses exceeding revenue and no reported officer compensation.
EIN: 205831657 · Raleigh, NC · NTEE: T22 · Updated: 2026-03-28
Is Kla Samaritan Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kla Samaritan Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kla Samaritan Foundation Inc
Kla Samaritan Foundation Inc (EIN: 205831657) is a nonprofit organization based in Raleigh, NC, classified under NTEE code T22. The organization reported total revenue of $2.4M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kla Samaritan Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kla Samaritan Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $369K |
| Surplus / Deficit | $-159,149 |
| Total Assets | $5.8M |
| Total Liabilities | $1 |
| Net Assets | $5.8M |
| Operating Margin | -75.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 188.8 months |
Financial Health Grade: B
In 2023, Kla Samaritan Foundation Inc reported a deficit of $159K with expenses exceeding revenue, holds 188.8 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), Kla Samaritan Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -21.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.9% | -14.1% | -2.7% |
| 2022 | -76.8% | +14.7% | -4.2% |
| 2021 | +139.4% | +9.3% | +7.8% |
| 2020 | +10.2% | -2.8% | -0.2% |
| 2019 | -11.1% | -0.7% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Kla Samaritan Foundation Inc with a Mission Score of 75 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, Kla Samaritan Foundation Inc 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 $159K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with assets consistently over $5 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the expense structure, requiring deeper scrutiny of the full 990 forms.
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 Kla Samaritan Foundation Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and asset base, potentially obscuring true administrative costs.
- Expenses exceeding revenue in recent years (e.g., 2023 and 2022), indicating reliance on reserves or investment income for operations.
- Significant volatility in annual revenue over the past decade, suggesting potential instability in funding streams.
Strengths
The following positive indicators were identified for Kla Samaritan Foundation Inc:
- Strong asset base, consistently above $5 million, providing financial stability and a buffer against operational deficits.
- Minimal liabilities ($1 across most periods), indicating sound debt management.
- Consistent IRS 990 filing history, demonstrating commitment to transparency.
- No reported officer compensation, which could indicate a highly efficient, volunteer-driven leadership structure.
Frequently Asked Questions about Kla Samaritan Foundation Inc
Is Kla Samaritan Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kla Samaritan Foundation Inc (EIN: 205831657) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Kla Samaritan Foundation Inc spend its money?
Kla Samaritan Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kla Samaritan Foundation Inc tax-deductible?
Kla Samaritan Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205831657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have expenses exceeded revenue in recent years (e.g., 2023 and 2022)?
In 2023, expenses were $369,138 against revenue of $209,989. In 2022, expenses were $429,602 against revenue of $189,270. This indicates the organization is drawing from its substantial asset base or other non-operating income to cover costs, which is sustainable in the short term given its assets of $5,806,833 (2023) and $5,965,105 (2022).
How does the organization sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based, or that compensation for key management personnel is reported under other expense categories, such as salaries and wages for non-officer staff, or as contractor fees. Further detail from the full 990 forms would clarify this.
What caused the significant fluctuation in annual revenue, from $3,973,776 in 2011 to $189,270 in 2022?
The dramatic swings in revenue indicate either highly variable funding sources, such as large one-time grants or donations in earlier years, or a significant shift in the organization's operational scale or fundraising strategy over the past decade. Understanding the nature of these revenue sources is crucial for assessing future financial stability.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. To assess spending efficiency accurately, a review of the full IRS Form 990, Part IX (Statement of Functional Expenses) would be necessary.
Filing History
IRS 990 filing history for Kla Samaritan Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kla Samaritan Foundation Inc's revenue has declined by 94.7%, moving from $4.0M to $210K. Total assets increased by 45.6% over the same period, from $4.0M to $5.8M. Total functional expenses rose by 1091.7%, from $31K to $369K. In its most recent filing year (2023), Kla Samaritan Foundation Inc reported a deficit of $159K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $369K | $5.8M | $1 | — | — |
| 2022 | $189K | $430K | $6.0M | $1 | — | View 990 |
| 2021 | $816K | $374K | $6.2M | $1 | — | — |
| 2020 | $341K | $343K | $5.8M | $1 | — | View 990 |
| 2019 | $309K | $352K | $5.8M | $0 | — | View 990 |
| 2015 | $347K | $355K | $5.7M | $1 | — | View 990 |
| 2014 | $468K | $349K | $5.7M | $1 | — | View 990 |
| 2013 | $571K | $299K | $5.6M | $1 | — | View 990 |
| 2012 | $1.6M | $228K | $5.4M | $1 | — | View 990 |
| 2011 | $4.0M | $31K | $4.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $369K, and assets of $5.8M (revenue +10.9% year-over-year).
- 2022: Revenue of $189K, expenses of $430K, and assets of $6.0M (revenue -76.8% year-over-year).
- 2021: Revenue of $816K, expenses of $374K, and assets of $6.2M (revenue +139.4% year-over-year).
- 2020: Revenue of $341K, expenses of $343K, and assets of $5.8M (revenue +10.2% year-over-year).
- 2019: Revenue of $309K, expenses of $352K, and assets of $5.8M (revenue -11.1% year-over-year).
- 2015: Revenue of $347K, expenses of $355K, and assets of $5.7M (revenue -25.8% year-over-year).
- 2014: Revenue of $468K, expenses of $349K, and assets of $5.7M (revenue -17.9% year-over-year).
- 2013: Revenue of $571K, expenses of $299K, and assets of $5.6M (revenue -64.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $228K, and assets of $5.4M (revenue -59.9% year-over-year).
- 2011: Revenue of $4.0M, expenses of $31K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kla Samaritan Foundation Inc:
Data Sources and Methodology
This transparency report for Kla Samaritan 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.