Kristin And Michael Reed Familyfoundation Inc
Kristin And Michael Reed Familyfoundation Inc consistently maintains a healthy financial surplus with zero officer compensation.
EIN: 203970201 · New Canaan, CT · NTEE: T20 · Updated: 2026-03-28
Is Kristin And Michael Reed Familyfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kristin And Michael Reed Familyfoundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kristin And Michael Reed Familyfoundation Inc
Kristin And Michael Reed Familyfoundation Inc (EIN: 203970201) is a nonprofit organization based in New Canaan, CT, classified under NTEE code T20. The organization reported total revenue of $951K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kristin And Michael Reed Familyfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kristin And Michael Reed Familyfoundation Inc is a small 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 -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $362K |
| Total Expenses | $230K |
| Surplus / Deficit | +$132K |
| Total Assets | $4.0M |
| Total Liabilities | $1 |
| Net Assets | $4.0M |
| Operating Margin | 36.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 208.7 months |
Financial Health Grade: A
In 2023, Kristin And Michael Reed Familyfoundation Inc reported a surplus of $132K with revenue exceeding expenses, holds 208.7 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), Kristin And Michael Reed Familyfoundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +3.0% | +5.2% |
| 2022 | -29.9% | -1.8% | -16.2% |
| 2021 | +73.7% | +13.4% | +21.9% |
| 2020 | -18.4% | +3.9% | -4.5% |
| 2019 | -9.5% | +15.7% | +23.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Kristin And Michael Reed Familyfoundation Inc with a Mission Score of 95 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, Kristin And Michael Reed Familyfoundation Inc 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 $132K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that no salaries are paid to officers, which is highly favorable for a foundation of its size with assets over $4 million.
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 Kristin And Michael Reed Familyfoundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
Strengths
The following positive indicators were identified for Kristin And Michael Reed Familyfoundation Inc:
- Consistent financial surplus (e.g., $362,317 revenue vs. $229,961 expenses in 2023)
- Zero officer compensation reported across all filings
- Minimal liabilities ($1 or $0 in all periods)
- Steady growth in assets (from $1.9M in 2011 to $4M in 2023)
- Strong financial stability and fiscal responsibility
Frequently Asked Questions about Kristin And Michael Reed Familyfoundation Inc
Is Kristin And Michael Reed Familyfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kristin And Michael Reed Familyfoundation Inc (EIN: 203970201) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Kristin And Michael Reed Familyfoundation Inc spend its money?
Kristin And Michael Reed Familyfoundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kristin And Michael Reed Familyfoundation Inc tax-deductible?
Kristin And Michael Reed Familyfoundation Inc is registered as a tax-exempt nonprofit (EIN: 203970201). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kristin And Michael Reed Familyfoundation Inc a good charity?
Based on the provided financial data, the foundation appears to be a very good charity. It consistently operates with a surplus, has growing assets, minimal liabilities, and reports 0% officer compensation, suggesting high efficiency and dedication to its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown consistent growth, increasing from $1,914,170 in 2011 to $4,000,132 in 2023, indicating effective asset management and accumulation.
What is the trend in the foundation's revenue and expenses?
Revenue and expenses have fluctuated but revenue has consistently exceeded expenses, leading to a surplus in every reported period. For example, in 2023, revenue was $362,317 against expenses of $229,961.
Filing History
IRS 990 filing history for Kristin And Michael Reed Familyfoundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kristin And Michael Reed Familyfoundation Inc's revenue has declined by 17.8%, moving from $441K to $362K. Total assets increased by 109% over the same period, from $1.9M to $4.0M. Total functional expenses rose by 164.1%, from $87K to $230K. In its most recent filing year (2023), Kristin And Michael Reed Familyfoundation Inc reported a surplus of $132K, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $362K | $230K | $4.0M | $1 | — | View 990 |
| 2022 | $297K | $223K | $3.8M | $1 | — | View 990 |
| 2021 | $423K | $227K | $4.5M | $1 | — | View 990 |
| 2020 | $244K | $200K | $3.7M | $1 | — | View 990 |
| 2019 | $298K | $193K | $3.9M | $1 | — | — |
| 2015 | $330K | $167K | $3.2M | $1 | — | View 990 |
| 2014 | $227K | $165K | $3.2M | $1 | — | View 990 |
| 2013 | $188K | $163K | $3.0M | $1 | — | View 990 |
| 2012 | $237K | $119K | $2.2M | $1 | — | View 990 |
| 2011 | $441K | $87K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $362K, expenses of $230K, and assets of $4.0M (revenue +22.2% year-over-year).
- 2022: Revenue of $297K, expenses of $223K, and assets of $3.8M (revenue -29.9% year-over-year).
- 2021: Revenue of $423K, expenses of $227K, and assets of $4.5M (revenue +73.7% year-over-year).
- 2020: Revenue of $244K, expenses of $200K, and assets of $3.7M (revenue -18.4% year-over-year).
- 2019: Revenue of $298K, expenses of $193K, and assets of $3.9M (revenue -9.5% year-over-year).
- 2015: Revenue of $330K, expenses of $167K, and assets of $3.2M (revenue +44.9% year-over-year).
- 2014: Revenue of $227K, expenses of $165K, and assets of $3.2M (revenue +20.9% year-over-year).
- 2013: Revenue of $188K, expenses of $163K, and assets of $3.0M (revenue -20.6% year-over-year).
- 2012: Revenue of $237K, expenses of $119K, and assets of $2.2M (revenue -46.2% year-over-year).
- 2011: Revenue of $441K, expenses of $87K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kristin And Michael Reed Familyfoundation Inc:
Data Sources and Methodology
This transparency report for Kristin And Michael Reed Familyfoundation 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.