Kolibri Foundation Inc
Kolibri Foundation Inc. shows significant asset growth despite highly volatile revenue and expenses, with no reported officer compensation.
EIN: 134003955 · New York, NY · NTEE: T90Z · Updated: 2026-03-28
Is Kolibri Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kolibri Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kolibri Foundation Inc
Kolibri Foundation Inc (EIN: 134003955) is a nonprofit organization based in New York, NY, classified under NTEE code T90Z. The organization reported total revenue of $11.7M and total assets of $22.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kolibri Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kolibri 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Kolibri Foundation Inc 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.
Executive Compensation Analysis
Kolibri Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and asset base ($25,290,015 in 2023). This suggests either a fully volunteer-led executive team or that executive compensation is reported under other expense categories, which would reduce transparency.
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 Kolibri Foundation Inc's IRS 990 filings:
- Extreme revenue volatility (e.g., $78,782 in 2020 vs. $16,488,107 in 2021)
- Significant operating deficits in multiple years (e.g., 2020 expenses $2.8M vs. revenue $78K; 2022 expenses $6.2M vs. revenue $4.8M)
- Unusually low or 0% reported officer compensation for an organization of its size, potentially obscuring true executive costs.
Strengths
The following positive indicators were identified for Kolibri Foundation Inc:
- Substantial asset growth from $100,155 in 2011 to $25,290,015 in 2023, indicating strong financial management in asset accumulation.
- Positive operating margin in the latest filing (2023 revenue $6.4M vs. expenses $5.7M), suggesting improved financial health.
- Consistent reporting of 0% officer compensation, which can be viewed positively by donors regarding executive pay practices.
Frequently Asked Questions about Kolibri Foundation Inc
Is Kolibri Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kolibri Foundation Inc (EIN: 134003955) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Kolibri Foundation Inc spend its money?
Kolibri Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kolibri Foundation Inc tax-deductible?
Kolibri Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134003955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kolibri Foundation Inc. financially stable given its revenue fluctuations?
While the organization has shown significant asset growth to $25,290,015 in 2023 and positive operating margins in 2023, its revenue has been extremely volatile, ranging from $78,782 in 2020 to $16,488,107 in 2021. This volatility suggests potential challenges in long-term financial planning and consistent program delivery, despite recent positive trends.
How does Kolibri Foundation Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with over $11 million in latest revenue and $22 million in assets. This could indicate that the executive leadership is entirely volunteer-based, or that compensation is being reported under different expense categories, which would impact transparency.
What caused the significant revenue drop in 2020 to $78,782 and the subsequent large deficit?
In 2020, Kolibri Foundation Inc. reported a drastic drop in revenue to $78,782 while incurring expenses of $2,797,122, resulting in a substantial operating deficit. The specific reasons for this extreme fluctuation are not detailed in the provided data but warrant further investigation to understand the organization's funding model and risk management.
Filing History
IRS 990 filing history for Kolibri Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kolibri Foundation Inc's revenue has grown by 163.2%, moving from $2.5M to $6.5M. Total assets increased by 25150.9% over the same period, from $100K to $25.3M. Total functional expenses rose by 107.6%, from $2.8M to $5.8M. In its most recent filing year (2023), Kolibri Foundation Inc reported a surplus of $726K, with revenue exceeding expenses. The organization holds $489 in liabilities against $25.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $5.8M | $25.3M | $489 | — | — |
| 2022 | $4.9M | $6.3M | $24.6M | $8K | — | View 990 |
| 2021 | $16.5M | $2.3M | $25.9M | $1K | — | View 990 |
| 2020 | $79K | $2.8M | $11.8M | $1 | — | View 990 |
| 2019 | $908K | $4.1M | $14.8M | $0 | — | View 990 |
| 2015 | $258K | $217K | $50K | $0 | — | View 990 |
| 2014 | $2.5M | $2.6M | $8K | $0 | — | View 990 |
| 2013 | $273K | $231K | $114K | $0 | — | View 990 |
| 2012 | $2.0M | $2.0M | $73K | $0 | — | View 990 |
| 2011 | $2.5M | $2.8M | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $5.8M, and assets of $25.3M (revenue +32.9% year-over-year).
- 2022: Revenue of $4.9M, expenses of $6.3M, and assets of $24.6M (revenue -70.4% year-over-year).
- 2021: Revenue of $16.5M, expenses of $2.3M, and assets of $25.9M (revenue +20828.8% year-over-year).
- 2020: Revenue of $79K, expenses of $2.8M, and assets of $11.8M (revenue -91.3% year-over-year).
- 2019: Revenue of $908K, expenses of $4.1M, and assets of $14.8M (revenue +252.0% year-over-year).
- 2015: Revenue of $258K, expenses of $217K, and assets of $50K (revenue -89.8% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $8K (revenue +830.7% year-over-year).
- 2013: Revenue of $273K, expenses of $231K, and assets of $114K (revenue -86.2% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.0M, and assets of $73K (revenue -19.9% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.8M, and assets of $100K.
Data Sources and Methodology
This transparency report for Kolibri 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.