Kyle Korver Foundation
Kyle Korver Foundation faces declining revenue and consistent deficits in recent years, despite healthy assets and zero officer compensation.
EIN: 205879443 · Draper, UT · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $447K |
| Total Expenses | $226K |
| Program Spending | 70% |
| Net Assets | $1.7M |
| Transparency Score | 65/100 |
Is Kyle Korver Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kyle Korver Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Kyle Korver Foundation
Kyle Korver Foundation (EIN: 205879443) is a nonprofit organization based in Draper, UT, classified under NTEE code T30. The organization reported total revenue of $447K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kyle Korver Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kyle Korver Foundation is a small 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 -14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $226K |
| Surplus / Deficit | $-144,927 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -178.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 91.3 months |
Financial Health Grade: B
In 2023, Kyle Korver Foundation reported a deficit of $145K with expenses exceeding revenue, holds 91.3 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), Kyle Korver Foundation's revenue has declined at a compound annual growth rate (CAGR) of -14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.6% | -9.7% | +1.8% |
| 2022 | -42.4% | -58.1% | -20.6% |
| 2021 | -42.1% | +123.5% | -11.8% |
| 2020 | +7.5% | +4.6% | +25.6% |
| 2019 | -39.0% | -63.1% | +35.1% |
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 Kyle Korver Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Kyle Korver Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $145K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available IRS 990 filings, indicating that no officers or key employees received compensation from the organization, which is a positive sign for resource allocation.
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 Kyle Korver Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (202312, 202212, 202112)
- Significant decline in revenue from a peak of over $1 million to $81,442 in 202312
- Expenses significantly outstripping revenue in the most recent filing period ($226,369 expenses vs. $81,442 revenue in 202312)
Strengths
The following positive indicators were identified for Kyle Korver Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Maintains a healthy asset base ($1,722,746 in 202312) providing financial stability despite recent deficits.
- Consistent filing history demonstrates transparency and compliance with IRS requirements.
Frequently Asked Questions about Kyle Korver Foundation
Is Kyle Korver Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kyle Korver Foundation (EIN: 205879443) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Kyle Korver Foundation spend its money?
Kyle Korver Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kyle Korver Foundation tax-deductible?
Kyle Korver Foundation is registered as a tax-exempt nonprofit (EIN: 205879443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kyle Korver Foundation's spending goes to programs?
Kyle Korver Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Kyle Korver Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kyle Korver Foundation is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kyle Korver Foundation located?
Kyle Korver Foundation is headquartered in Draper, Utah and files with the IRS under EIN 205879443. It is classified under NTEE code T30.
How many years of IRS 990 filings does Kyle Korver Foundation have?
Kyle Korver Foundation 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 $447K in total revenue.
Is the Kyle Korver Foundation financially sustainable given recent deficits?
The foundation has reported expenses exceeding revenue in the last three periods (202312, 202212, 202112). While it has a substantial asset base of $1,722,746, continued deficits could impact its long-term financial sustainability if not addressed.
What caused the significant drop in revenue from 2020 to 2023?
Revenue declined from $671,426 in 202012 to $81,442 in 202312. The IRS 990 filings alone do not provide specific reasons for this decline, but it's a significant trend that warrants further investigation into funding sources and fundraising strategies.
How does the foundation manage its expenses given fluctuating revenue?
Despite revenue fluctuations, expenses have remained relatively high, particularly in 202112 ($597,901) and 202312 ($226,369). The organization appears to be drawing on its assets to cover operational costs during periods of lower revenue.
Filing History
IRS 990 filing history for Kyle Korver Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kyle Korver Foundation's revenue has declined by 85.3%, moving from $553K to $81K. Total assets increased by 93.8% over the same period, from $889K to $1.7M. Total functional expenses fell by 46.7%, from $425K to $226K. In its most recent filing year (2023), Kyle Korver Foundation reported a deficit of $145K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $226K | $1.7M | $1 | — | — |
| 2022 | $224K | $251K | $1.7M | $180 | — | View 990 |
| 2021 | $389K | $598K | $2.1M | $1 | — | — |
| 2020 | $671K | $267K | $2.4M | $1 | — | — |
| 2019 | $624K | $256K | $1.9M | $1 | — | View 990 |
| 2015 | $1.0M | $692K | $1.4M | $5K | — | View 990 |
| 2014 | $864K | $583K | $1.3M | $4K | — | View 990 |
| 2013 | $857K | $655K | $1.1M | $2K | — | View 990 |
| 2012 | $860K | $895K | $884K | $2K | — | View 990 |
| 2011 | $553K | $425K | $889K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $226K, and assets of $1.7M (revenue -63.6% year-over-year).
- 2022: Revenue of $224K, expenses of $251K, and assets of $1.7M (revenue -42.4% year-over-year).
- 2021: Revenue of $389K, expenses of $598K, and assets of $2.1M (revenue -42.1% year-over-year).
- 2020: Revenue of $671K, expenses of $267K, and assets of $2.4M (revenue +7.5% year-over-year).
- 2019: Revenue of $624K, expenses of $256K, and assets of $1.9M (revenue -39.0% year-over-year).
- 2015: Revenue of $1.0M, expenses of $692K, and assets of $1.4M (revenue +18.6% year-over-year).
- 2014: Revenue of $864K, expenses of $583K, and assets of $1.3M (revenue +0.8% year-over-year).
- 2013: Revenue of $857K, expenses of $655K, and assets of $1.1M (revenue -0.4% year-over-year).
- 2012: Revenue of $860K, expenses of $895K, and assets of $884K (revenue +55.5% year-over-year).
- 2011: Revenue of $553K, expenses of $425K, and assets of $889K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kyle Korver Foundation:
Data Sources and Methodology
This transparency report for Kyle Korver 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.