Krone Foundation Inc
Krone Foundation maintains strong asset growth and minimal expenses with zero executive compensation.
EIN: 205810908 · Albany, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $89K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $3.7 |
| Net Assets | $3.8M |
| Transparency Score | 95/100 |
Is Krone Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Krone Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Krone Foundation Inc
Krone Foundation Inc (EIN: 205810908) is a nonprofit organization based in Albany, NY, classified under NTEE code T20. The organization reported total revenue of $4.2M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Krone Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Krone 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 16.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $918K |
| Total Expenses | $89K |
| Surplus / Deficit | +$830K |
| Total Assets | $3.8M |
| Total Liabilities | $1 |
| Net Assets | $3.8M |
| Operating Margin | 90.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 509.7 months |
Financial Health Grade: A
In 2023, Krone Foundation Inc reported a surplus of $830K with revenue exceeding expenses, holds 509.7 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), Krone Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1447.5% | +72.1% | +15.7% |
| 2022 | -64.3% | -39.1% | +0.2% |
| 2021 | +91.5% | +14.3% | +2.6% |
| 2020 | +3.3% | +44.7% | +0.4% |
| 2019 | -82.7% | -57.1% | +106.5% |
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 Krone Foundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Krone Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $830K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization with assets exceeding $3.7 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.
Strengths
The following positive indicators were identified for Krone Foundation Inc:
- Exceptional financial health with consistent asset growth (from $1.1M in 2011 to $3.7M in 2023).
- Extremely low expense ratio relative to revenue and assets (e.g., $88,544 expenses on $918,397 revenue in 2023).
- Zero officer compensation across all filings, indicating volunteer leadership and high dedication.
- Minimal liabilities ($0 or $1) across all periods, demonstrating strong financial stability.
- Strong program focus implied by low operational overhead for a grantmaking foundation.
Frequently Asked Questions about Krone Foundation Inc
Is Krone Foundation Inc a legitimate charity?
Krone Foundation Inc (EIN: 205810908) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Krone Foundation Inc spend its money?
Krone Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Krone Foundation Inc tax-deductible?
Krone Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205810908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Krone Foundation Inc CEO make?
Krone Foundation Inc's highest-compensated officer earns $3.7 annually. The organization reported $4.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Krone Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Krone 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 Krone Foundation Inc located?
Krone Foundation Inc is headquartered in Albany, New York and files with the IRS under EIN 205810908. It is classified under NTEE code T20.
How many years of IRS 990 filings does Krone Foundation Inc have?
Krone 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 $4.2M in total revenue.
Is Krone Foundation Inc. a good charity?
Based on the available IRS 990 data, Krone Foundation Inc. appears to be a very good charity. It demonstrates exceptional financial health, very low operational expenses, and zero executive compensation, indicating a strong commitment to its mission and efficient use of resources.
How does Krone Foundation Inc. manage its expenses?
The foundation manages its expenses exceptionally well, consistently reporting very low expenses relative to its revenue and asset base. For example, in 202312, expenses were only $88,544 against $918,397 in revenue, suggesting a highly efficient operational model, likely focused on grantmaking rather than direct service delivery.
What is the trend in Krone Foundation Inc.'s assets?
Krone Foundation Inc. shows a strong and consistent upward trend in its assets, growing from $1,178,001 in 201112 to $3,760,585 in 202312, indicating robust financial growth and stability.
Does Krone Foundation Inc. pay its officers?
No, Krone Foundation Inc. reports 0% officer compensation across all available IRS 990 filings, indicating that its leadership serves on a volunteer basis.
What is the primary financial activity of Krone Foundation Inc.?
Given its NTEE code (T20 - Philanthropy, Voluntarism, and Grantmaking Foundations), consistently low expenses, and significant asset growth, the primary financial activity of Krone Foundation Inc. is likely grantmaking and asset management, rather than direct program implementation with high operational costs.
Filing History
IRS 990 filing history for Krone Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Krone Foundation Inc's revenue has grown by 511.2%, moving from $150K to $918K. Total assets increased by 219.2% over the same period, from $1.2M to $3.8M. Total functional expenses rose by 32.1%, from $67K to $89K. In its most recent filing year (2023), Krone Foundation Inc reported a surplus of $830K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $918K | $89K | $3.8M | $1 | — | View 990 |
| 2022 | $59K | $51K | $3.2M | $1 | — | View 990 |
| 2021 | $166K | $84K | $3.2M | $1 | — | — |
| 2020 | $87K | $74K | $3.2M | $1 | — | View 990 |
| 2019 | $84K | $51K | $3.1M | $1 | — | View 990 |
| 2015 | $486K | $119K | $1.5M | $0 | — | View 990 |
| 2014 | $316K | $81K | $1.3M | $0 | — | View 990 |
| 2013 | $210K | $62K | $1.2M | $0 | — | View 990 |
| 2012 | $371K | $74K | $1.2M | $0 | — | View 990 |
| 2011 | $150K | $67K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $918K, expenses of $89K, and assets of $3.8M (revenue +1447.5% year-over-year).
- 2022: Revenue of $59K, expenses of $51K, and assets of $3.2M (revenue -64.3% year-over-year).
- 2021: Revenue of $166K, expenses of $84K, and assets of $3.2M (revenue +91.5% year-over-year).
- 2020: Revenue of $87K, expenses of $74K, and assets of $3.2M (revenue +3.3% year-over-year).
- 2019: Revenue of $84K, expenses of $51K, and assets of $3.1M (revenue -82.7% year-over-year).
- 2015: Revenue of $486K, expenses of $119K, and assets of $1.5M (revenue +53.8% year-over-year).
- 2014: Revenue of $316K, expenses of $81K, and assets of $1.3M (revenue +50.6% year-over-year).
- 2013: Revenue of $210K, expenses of $62K, and assets of $1.2M (revenue -43.5% year-over-year).
- 2012: Revenue of $371K, expenses of $74K, and assets of $1.2M (revenue +146.9% year-over-year).
- 2011: Revenue of $150K, expenses of $67K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Krone Foundation Inc:
Data Sources and Methodology
This transparency report for Krone 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.