Klion Springwater Coven Family Foundation Inc
Klion Springwater Coven Family Foundation consistently operates at a deficit, relying on substantial assets.
EIN: 203080512 · Los Ranchos, NM · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $86K |
| Program Spending | 70% |
| Net Assets | $2.6M |
| Transparency Score | 70/100 |
Is Klion Springwater Coven Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Klion Springwater Coven Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Klion Springwater Coven Family Foundation Inc
Klion Springwater Coven Family Foundation Inc (EIN: 203080512) is a nonprofit organization based in Los Ranchos, NM, classified under NTEE code T20. The organization reported total revenue of $100K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Klion Springwater Coven Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Klion Springwater Coven Family Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $86K |
| Surplus / Deficit | $-5,715 |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 370.3 months |
Financial Health Grade: B
In 2023, Klion Springwater Coven Family Foundation Inc reported a deficit of $6K with expenses exceeding revenue, holds 370.3 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), Klion Springwater Coven Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | -12.3% | -0.2% |
| 2022 | -15.0% | +7.0% | -0.5% |
| 2021 | +0.0% | -2.7% | +0.3% |
| 2020 | +0.0% | +3.0% | +0.2% |
| 2019 | +0.0% | -14.4% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Klion Springwater Coven Family Foundation Inc with a Mission Score of 70 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, Klion Springwater Coven Family 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 $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a positive sign for minimizing administrative overhead relative to the organization's size and revenue.
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 Klion Springwater Coven Family Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, such as $85,715 expenses vs. $80,000 revenue in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Klion Springwater Coven Family Foundation Inc:
- Substantial asset base ($2,661,150) providing significant financial stability.
- Consistent 0% officer compensation, indicating efficient use of funds by not paying executive salaries.
- Long and consistent IRS 990 filing history (10 filings), demonstrating transparency and compliance.
- Minimal liabilities ($1), indicating a very healthy balance sheet.
Frequently Asked Questions about Klion Springwater Coven Family Foundation Inc
Is Klion Springwater Coven Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Klion Springwater Coven Family Foundation Inc (EIN: 203080512) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Klion Springwater Coven Family Foundation Inc spend its money?
Klion Springwater Coven Family Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Klion Springwater Coven Family Foundation Inc tax-deductible?
Klion Springwater Coven Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203080512). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Klion Springwater Coven Family Foundation Inc's spending goes to programs?
Klion Springwater Coven Family Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Klion Springwater Coven Family Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Klion Springwater Coven Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Klion Springwater Coven Family Foundation Inc located?
Klion Springwater Coven Family Foundation Inc is headquartered in Los Ranchos, New Mexico and files with the IRS under EIN 203080512. It is classified under NTEE code T20.
How many years of IRS 990 filings does Klion Springwater Coven Family Foundation Inc have?
Klion Springwater Coven Family 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 $100K in total revenue.
Is Klion Springwater Coven Family Foundation Inc. financially sustainable in the long term?
While the foundation has substantial assets ($2,661,150) that provide a strong buffer, its consistent trend of expenses exceeding revenue (e.g., $85,715 expenses vs. $80,000 revenue in 2023) suggests it is drawing down on its endowment rather than operating sustainably from annual income. This model is not indefinitely sustainable without additional revenue streams or reduced spending.
How does the organization allocate its expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories. This lack of detail makes it challenging to assess the efficiency of its spending and the proportion of funds directly supporting its mission.
What is the impact of 0% officer compensation?
The consistent 0% officer compensation is a significant strength, indicating that the organization is not using its funds for executive salaries, which can free up more resources for its programs or to maintain its asset base.
Are the foundation's assets growing or shrinking?
The foundation's assets have remained relatively stable over the past decade, fluctuating slightly but generally staying above $2.6 million. For example, assets were $2,642,460 in 2011 and $2,645,100 in 2023, showing minor growth or stability despite operating deficits.
Filing History
IRS 990 filing history for Klion Springwater Coven Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Klion Springwater Coven Family Foundation Inc's revenue has declined by 5.9%, moving from $85K to $80K. Total assets increased by 0.1% over the same period, from $2.6M to $2.6M. Total functional expenses fell by 4.4%, from $90K to $86K. In its most recent filing year (2023), Klion Springwater Coven Family Foundation Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $86K | $2.6M | $1 | — | — |
| 2022 | $85K | $98K | $2.7M | $1 | — | View 990 |
| 2021 | $100K | $91K | $2.7M | $1 | — | View 990 |
| 2020 | $100K | $94K | $2.7M | $1 | — | — |
| 2019 | $100K | $91K | $2.6M | $1 | — | View 990 |
| 2015 | $100K | $106K | $2.6M | $1 | — | View 990 |
| 2014 | $100K | $100K | $2.6M | $1 | — | View 990 |
| 2013 | $100K | $100K | $2.6M | $1 | — | View 990 |
| 2012 | $100K | $103K | $2.6M | $1 | — | View 990 |
| 2011 | $85K | $90K | $2.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $86K, and assets of $2.6M (revenue -5.9% year-over-year).
- 2022: Revenue of $85K, expenses of $98K, and assets of $2.7M (revenue -15.0% year-over-year).
- 2021: Revenue of $100K, expenses of $91K, and assets of $2.7M (revenue +0.0% year-over-year).
- 2020: Revenue of $100K, expenses of $94K, and assets of $2.7M (revenue +0.0% year-over-year).
- 2019: Revenue of $100K, expenses of $91K, and assets of $2.6M (revenue +0.0% year-over-year).
- 2015: Revenue of $100K, expenses of $106K, and assets of $2.6M (revenue +0.0% year-over-year).
- 2014: Revenue of $100K, expenses of $100K, and assets of $2.6M (revenue +0.0% year-over-year).
- 2013: Revenue of $100K, expenses of $100K, and assets of $2.6M (revenue +0.0% year-over-year).
- 2012: Revenue of $100K, expenses of $103K, and assets of $2.6M (revenue +17.6% year-over-year).
- 2011: Revenue of $85K, expenses of $90K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Klion Springwater Coven Family Foundation Inc:
Data Sources and Methodology
This transparency report for Klion Springwater Coven Family 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.