Krimson Community Foundation
Krimson Community Foundation shows consistent growth and strong financial stability with zero liabilities.
EIN: 10599770 · Atlanta, GA · NTEE: B82 · Updated: 2026-03-26
Is Krimson Community Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Krimson Community Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Krimson Community Foundation
Krimson Community Foundation (EIN: 10599770) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B82. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Krimson Community Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Krimson Community Foundation is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $209K |
| Total Expenses | $191K |
| Surplus / Deficit | +$18K |
| Total Assets | $179K |
| Net Assets | $179K |
| Operating Margin | 8.6% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Krimson Community Foundation reported a surplus of $18K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Krimson Community Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +137.0% | +210.3% | +12.7% |
| 2022 | +33.0% | +54.6% | +20.0% |
| 2021 | +27.4% | +32.3% | +24.8% |
| 2020 | +116.3% | +369.7% | +56.3% |
| 2019 | -60.4% | -80.6% | +35.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Krimson Community Foundation with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Krimson Community Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $18K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that officers are either uncompensated or compensated through means not categorized as officer compensation, which is a positive for donor perception of efficiency.
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.
Strengths
The following positive indicators were identified for Krimson Community Foundation:
- Consistent revenue growth, from $12,166 in 2013 to $208,502 in 2023.
- Strong asset growth, from $11,833 in 2013 to $179,402 in 2023.
- Zero liabilities reported across all filing periods, indicating excellent financial stability.
- 0% officer compensation reported, suggesting efficient use of funds or volunteer leadership.
- Positive net income in most recent years, contributing to asset accumulation.
Frequently Asked Questions about Krimson Community Foundation
Is Krimson Community Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Krimson Community Foundation (EIN: 10599770) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Krimson Community Foundation spend its money?
Krimson Community Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Krimson Community Foundation tax-deductible?
Krimson Community Foundation is registered as a tax-exempt nonprofit (EIN: 10599770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Krimson Community Foundation a good charity?
Based on the available IRS 990 data, Krimson Community Foundation appears to be a financially stable organization with consistent growth in revenue and assets, and zero liabilities. The lack of reported officer compensation is also a positive indicator. However, a detailed breakdown of program spending versus administrative and fundraising costs would be needed for a complete assessment of its charitable effectiveness.
How has Krimson Community Foundation's financial health changed over time?
Krimson Community Foundation has demonstrated significant financial growth and improved health over time. Its assets grew from $11,833 in 2013 to $179,402 in 2023, and annual revenue increased from $12,166 to $208,502 in the same period. The organization has consistently maintained zero liabilities, indicating strong financial management.
What is Krimson Community Foundation's approach to executive compensation?
Krimson Community Foundation reports 0% officer compensation across all available filings, suggesting that its executive leadership is either volunteer-based or compensated through mechanisms not classified as officer compensation on the 990 form.
Filing History
IRS 990 filing history for Krimson Community Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Krimson Community Foundation's revenue has grown by 1473.7%, moving from $13K to $209K. Total assets increased by 3446.9% over the same period, from $5K to $179K. Total functional expenses rose by 790.5%, from $21K to $191K. In its most recent filing year (2023), Krimson Community Foundation reported a surplus of $18K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $209K | $191K | $179K | $0 | — | — |
| 2022 | $88K | $61K | $159K | $0 | — | View 990 |
| 2021 | $66K | $40K | $133K | $0 | — | View 990 |
| 2020 | $52K | $30K | $106K | $0 | — | View 990 |
| 2019 | $24K | $6K | $68K | $0 | — | View 990 |
| 2017 | $61K | $33K | $50K | $0 | — | View 990 |
| 2016 | $37K | $38K | $22K | $0 | — | View 990 |
| 2015 | $11K | $7K | $23K | $0 | — | View 990 |
| 2014 | $33K | $26K | $19K | $0 | — | View 990 |
| 2013 | $12K | $10K | $12K | $0 | — | View 990 |
| 2012 | $18K | $14K | $10K | $0 | — | View 990 |
| 2011 | $13K | $21K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $209K, expenses of $191K, and assets of $179K (revenue +137.0% year-over-year).
- 2022: Revenue of $88K, expenses of $61K, and assets of $159K (revenue +33.0% year-over-year).
- 2021: Revenue of $66K, expenses of $40K, and assets of $133K (revenue +27.4% year-over-year).
- 2020: Revenue of $52K, expenses of $30K, and assets of $106K (revenue +116.3% year-over-year).
- 2019: Revenue of $24K, expenses of $6K, and assets of $68K (revenue -60.4% year-over-year).
- 2017: Revenue of $61K, expenses of $33K, and assets of $50K (revenue +62.4% year-over-year).
- 2016: Revenue of $37K, expenses of $38K, and assets of $22K (revenue +231.6% year-over-year).
- 2015: Revenue of $11K, expenses of $7K, and assets of $23K (revenue -66.2% year-over-year).
- 2014: Revenue of $33K, expenses of $26K, and assets of $19K (revenue +173.5% year-over-year).
- 2013: Revenue of $12K, expenses of $10K, and assets of $12K (revenue -33.2% year-over-year).
- 2012: Revenue of $18K, expenses of $14K, and assets of $10K (revenue +37.5% year-over-year).
- 2011: Revenue of $13K, expenses of $21K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Krimson Community Foundation:
Data Sources and Methodology
This transparency report for Krimson Community 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.