Kruse Family Foundation
Kruse Family Foundation operates as a small, volunteer-led private foundation with declining assets and minimal operational expenses.
EIN: 201243472 · Burlington, VT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $7K |
| Program Spending | 90% |
| Net Assets | $289K |
| Transparency Score | 85/100 |
Is Kruse Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kruse Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kruse Family Foundation
Kruse Family Foundation (EIN: 201243472) is a nonprofit organization based in Burlington, VT, classified under NTEE code T22. The organization reported total revenue of $59K and total assets of $289K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kruse Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kruse Family Foundation is a micro nonprofit that has been operating for 22 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 97.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $7K |
| Surplus / Deficit | +$802 |
| Total Assets | $289K |
| Total Liabilities | $1 |
| Net Assets | $289K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 489.0 months |
Financial Health Grade: A
In 2020, Kruse Family Foundation reported a surplus of $802 with revenue exceeding expenses, holds 489.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Kruse Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 97.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +5.6% | — | -1.8% |
| 2019 | +191.7% | -100.0% | -11.2% |
| 2015 | -15.1% | -28.7% | -5.7% |
| 2014 | -23.0% | +3.7% | -5.6% |
| 2013 | +15596.0% | -19.7% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Kruse Family 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Kruse Family Foundation 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $802, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis and no funds are allocated to executive salaries, which is highly efficient for a small foundation.
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 Kruse Family Foundation's IRS 990 filings:
- Declining asset base over time, from $409,233 in 2011 to $289,129 in 2020, suggesting a limited long-term funding horizon if not replenished.
Strengths
The following positive indicators were identified for Kruse Family Foundation:
- Consistent 0% officer compensation, indicating highly efficient use of funds for its mission.
- Consistent IRS 990 filing history (7 filings), demonstrating good transparency and compliance.
- Consistently low or zero liabilities, indicating strong financial stability and no debt burden.
Frequently Asked Questions about Kruse Family Foundation
Is Kruse Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kruse Family Foundation (EIN: 201243472) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Kruse Family Foundation spend its money?
Kruse Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kruse Family Foundation tax-deductible?
Kruse Family Foundation is registered as a tax-exempt nonprofit (EIN: 201243472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kruse Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kruse Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kruse Family Foundation located?
Kruse Family Foundation is headquartered in Burlington, Vermont and files with the IRS under EIN 201243472. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kruse Family Foundation have?
Kruse Family Foundation has 7 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 $59K in total revenue.
Is Kruse Family Foundation a good charity?
Based on the available data, the Kruse Family Foundation appears to be a well-managed private foundation in terms of financial integrity and efficiency, particularly due to its zero officer compensation. Its consistent IRS 990 filings demonstrate transparency. However, its impact is limited by its small and declining asset base.
What is the primary source of its funding?
The foundation's revenue has been consistently low (e.g., $7,897 in 2020, $7,478 in 2019), while its assets have steadily decreased from $409,233 in 2011 to $289,129 in 2020. This suggests its primary 'funding' for distributions comes from its existing endowment rather than significant new contributions or active fundraising.
How does its spending compare to its revenue?
In some years, like 2020, expenses ($7,095) were close to revenue ($7,897). However, in earlier years (e.g., 2015-2013), expenses significantly exceeded revenue, indicating distributions from its asset base. This is typical for a private foundation drawing down its endowment.
Filing History
IRS 990 filing history for Kruse Family Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Kruse Family Foundation's revenue has grown by 46352.9%, moving from $17 to $8K. Total assets decreased by 29.3% over the same period, from $409K to $289K. Total functional expenses fell by 72.1%, from $25K to $7K. In its most recent filing year (2020), Kruse Family Foundation reported a surplus of $802, with revenue exceeding expenses. The organization holds $1 in liabilities against $289K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $289K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $8K | $7K | $289K | $1 | — | View 990 |
| 2019 | $7K | $0 | $294K | $0 | — | View 990 |
| 2015 | $3K | $15K | $331K | $0 | — | View 990 |
| 2014 | $3K | $21K | $351K | $0 | — | View 990 |
| 2013 | $4K | $20K | $372K | $0 | — | View 990 |
| 2012 | $25 | $25K | $394K | $0 | — | View 990 |
| 2011 | $17 | $25K | $409K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $8K, expenses of $7K, and assets of $289K (revenue +5.6% year-over-year).
- 2019: Revenue of $7K, expenses of $0, and assets of $294K (revenue +191.7% year-over-year).
- 2015: Revenue of $3K, expenses of $15K, and assets of $331K (revenue -15.1% year-over-year).
- 2014: Revenue of $3K, expenses of $21K, and assets of $351K (revenue -23.0% year-over-year).
- 2013: Revenue of $4K, expenses of $20K, and assets of $372K (revenue +15596.0% year-over-year).
- 2012: Revenue of $25, expenses of $25K, and assets of $394K (revenue +47.1% year-over-year).
- 2011: Revenue of $17, expenses of $25K, and assets of $409K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kruse Family Foundation:
Data Sources and Methodology
This transparency report for Kruse Family 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.