Kumin Foundation
Kumin Foundation maintains strong asset growth and zero officer compensation, indicating efficient, low-overhead operations.
EIN: 203388611 · Anchorage, AK · NTEE: T22 · Updated: 2026-03-28
Is Kumin Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kumin Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kumin Foundation
Kumin Foundation (EIN: 203388611) is a nonprofit organization based in Anchorage, AK, classified under NTEE code T22. The organization reported total revenue of $93K and total assets of $733K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kumin Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kumin Foundation is a micro nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $9K |
| Surplus / Deficit | +$32K |
| Total Assets | $685K |
| Total Liabilities | $1 |
| Net Assets | $685K |
| Operating Margin | 77.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 875.3 months |
Financial Health Grade: A
In 2023, Kumin Foundation reported a surplus of $32K with revenue exceeding expenses, holds 875.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Kumin Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +150.4% | -77.3% | +13.6% |
| 2022 | +188.9% | +14.3% | -9.9% |
| 2021 | -89.2% | +27.0% | +13.3% |
| 2020 | -23.4% | -23.9% | +17.9% |
| 2019 | +104.6% | +128.6% | +24.1% |
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 Kumin Foundation 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, Kumin 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive salaries from the foundation. This is a significant positive, suggesting that all operational expenses are directed towards administrative overhead or program-related investments.
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 Kumin Foundation:
- Consistent asset growth, from $304,716 in 2011 to $733,053 currently.
- 0% officer compensation reported across all filings, indicating extremely low administrative overhead.
- Minimal liabilities ($0 or $1) consistently reported, demonstrating strong financial stability.
- Expenses are consistently lower than revenue in most periods, contributing to asset growth.
- Clear and consistent IRS 990 filing history, indicating strong transparency.
Frequently Asked Questions about Kumin Foundation
Is Kumin Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kumin Foundation (EIN: 203388611) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Kumin Foundation spend its money?
Kumin Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kumin Foundation tax-deductible?
Kumin Foundation is registered as a tax-exempt nonprofit (EIN: 203388611). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kumin Foundation a good charity?
Based on the available IRS 990 data, Kumin Foundation appears to be a very good charity, particularly for a private foundation. It exhibits strong financial health with growing assets, extremely low overhead (0% officer compensation), and consistent, transparent reporting.
How does Kumin Foundation manage its expenses?
The Kumin Foundation manages its expenses very conservatively. For example, in 2023, expenses were only $9,389 against revenues of $41,118. Across all filings, officer compensation is 0%, indicating a highly efficient and volunteer-driven or minimally staffed operation.
What is the trend in Kumin Foundation's assets?
Kumin Foundation's assets have shown a consistent upward trend, growing from $304,716 in 2011 to $733,053 currently. This indicates sound financial management and successful asset accumulation over time.
Filing History
IRS 990 filing history for Kumin Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Kumin Foundation's revenue has grown by 1087.4%, moving from $3K to $41K. Total assets increased by 124.7% over the same period, from $305K to $685K. Total functional expenses fell by 18.1%, from $11K to $9K. In its most recent filing year (2023), Kumin Foundation reported a surplus of $32K, with revenue exceeding expenses. The organization holds $1 in liabilities against $685K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $685K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $9K | $685K | $1 | — | — |
| 2022 | $16K | $41K | $603K | $1 | — | View 990 |
| 2021 | $6K | $36K | $670K | $1 | — | — |
| 2020 | $53K | $28K | $591K | $1 | — | — |
| 2019 | $69K | $37K | $501K | $1 | — | View 990 |
| 2015 | $34K | $16K | $404K | $1 | — | View 990 |
| 2014 | $-2,009 | $16K | $389K | $1 | — | View 990 |
| 2012 | $4K | $11K | $321K | $1 | — | View 990 |
| 2011 | $3K | $11K | $305K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $9K, and assets of $685K (revenue +150.4% year-over-year).
- 2022: Revenue of $16K, expenses of $41K, and assets of $603K (revenue +188.9% year-over-year).
- 2021: Revenue of $6K, expenses of $36K, and assets of $670K (revenue -89.2% year-over-year).
- 2020: Revenue of $53K, expenses of $28K, and assets of $591K (revenue -23.4% year-over-year).
- 2019: Revenue of $69K, expenses of $37K, and assets of $501K (revenue +104.6% year-over-year).
- 2015: Revenue of $34K, expenses of $16K, and assets of $404K.
- 2014: Revenue of $-2,009, expenses of $16K, and assets of $389K (revenue -145.3% year-over-year).
- 2012: Revenue of $4K, expenses of $11K, and assets of $321K (revenue +28.0% year-over-year).
- 2011: Revenue of $3K, expenses of $11K, and assets of $305K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kumin Foundation:
Data Sources and Methodology
This transparency report for Kumin 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.