Luther & Teresa King Fam Foundation
Luther & Teresa King Fam Foundation consistently grows assets and revenue with minimal expenses and no officer compensation.
EIN: 203781741 · Fort Worth, TX · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $1.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $29.4M |
| Net Assets | $29.5M |
| Transparency Score | 95/100 |
Is Luther & Teresa King Fam Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Luther & Teresa King Fam Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Luther & Teresa King Fam Foundation
Luther & Teresa King Fam Foundation (EIN: 203781741) is a nonprofit organization based in Fort Worth, TX, classified under NTEE code T22. The organization reported total revenue of $7.0M and total assets of $30.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luther & Teresa King Fam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Luther & Teresa King Fam Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 32.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$3.9M |
| Total Assets | $29.5M |
| Total Liabilities | $1 |
| Net Assets | $29.5M |
| Operating Margin | 79.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 349.2 months |
Financial Health Grade: A
In 2023, Luther & Teresa King Fam Foundation reported a surplus of $3.9M with revenue exceeding expenses, holds 349.2 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 (2012–2023), Luther & Teresa King Fam Foundation's revenue has grown at a compound annual growth rate (CAGR) of 32.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.4% | +24.7% | +15.4% |
| 2022 | +35.7% | +220.0% | +46.4% |
| 2021 | +97.0% | +46.9% | +56.7% |
| 2020 | -0.6% | -87.9% | +39.7% |
| 2019 | +1464.4% | +337.3% | +283.0% |
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 Luther & Teresa King Fam 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, Luther & Teresa King Fam 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 $3.9M, 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 no salaries are paid to officers. This is highly unusual for an organization of its size and asset base ($29.4M in 2023), suggesting a volunteer-led or very lean operational model, common for family foundations.
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 Luther & Teresa King Fam Foundation:
- Consistent and significant asset growth, from $1.6M in 2012 to $29.4M in 2023.
- Revenue consistently and substantially exceeds expenses, indicating strong financial health and sustainability.
- Zero officer compensation reported across all filings, suggesting high efficiency and volunteer leadership.
- Very low liabilities ($1 or $0) across all periods, indicating sound financial management.
- Excellent spending efficiency, with expenses typically representing a small fraction of revenue.
Frequently Asked Questions about Luther & Teresa King Fam Foundation
Is Luther & Teresa King Fam Foundation a legitimate charity?
Luther & Teresa King Fam Foundation (EIN: 203781741) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.0M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Luther & Teresa King Fam Foundation spend its money?
Luther & Teresa King Fam Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Luther & Teresa King Fam Foundation tax-deductible?
Luther & Teresa King Fam Foundation is registered as a tax-exempt nonprofit (EIN: 203781741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Luther & Teresa King Fam Foundation CEO make?
Luther & Teresa King Fam Foundation's highest-compensated officer earns $29.4M annually. The organization reported $7.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Luther & Teresa King Fam Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Luther & Teresa King Fam 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 Luther & Teresa King Fam Foundation located?
Luther & Teresa King Fam Foundation is headquartered in Fort Worth, Texas and files with the IRS under EIN 203781741. It is classified under NTEE code T22.
How many years of IRS 990 filings does Luther & Teresa King Fam Foundation have?
Luther & Teresa King Fam 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 $7.0M in total revenue.
Is Luther & Teresa King Fam Foundation a good charity?
Based on its financial data, the foundation demonstrates excellent financial health, efficiency, and transparency. Its consistent asset growth, low expenses relative to revenue, and zero officer compensation are strong positive indicators.
How has the foundation's financial health changed over time?
The foundation has shown remarkable growth, with assets increasing from $1,693,453 in 201206 to $29,474,021 in 202306. Revenue has also seen substantial growth, indicating a very healthy and expanding financial position.
What is the foundation's spending efficiency?
The foundation is highly efficient. For example, in 202306, expenses were $1,012,989 against revenue of $4,952,854, meaning only about 20% of its income was spent. This suggests a strong focus on retaining assets for long-term impact or future grantmaking.
Filing History
IRS 990 filing history for Luther & Teresa King Fam Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Luther & Teresa King Fam Foundation's revenue has grown by 2185.2%, moving from $217K to $5.0M. Total assets increased by 1640.5% over the same period, from $1.7M to $29.5M. Total functional expenses rose by 30.9%, from $774K to $1.0M. In its most recent filing year (2023), Luther & Teresa King Fam Foundation reported a surplus of $3.9M, with revenue exceeding expenses. The organization holds $1 in liabilities against $29.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $1.0M | $29.5M | $1 | — | — |
| 2022 | $8.9M | $812K | $25.5M | $1 | — | View 990 |
| 2021 | $6.6M | $254K | $17.4M | $1 | — | View 990 |
| 2020 | $3.3M | $173K | $11.1M | $1 | — | — |
| 2019 | $3.4M | $1.4M | $8.0M | $1 | — | View 990 |
| 2016 | $214K | $327K | $2.1M | $1 | — | View 990 |
| 2015 | $216K | $90K | $2.2M | $0 | — | View 990 |
| 2014 | $128K | $94K | $2.1M | $0 | — | View 990 |
| 2013 | $614K | $276K | $2.0M | $0 | — | View 990 |
| 2012 | $217K | $774K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $1.0M, and assets of $29.5M (revenue -44.4% year-over-year).
- 2022: Revenue of $8.9M, expenses of $812K, and assets of $25.5M (revenue +35.7% year-over-year).
- 2021: Revenue of $6.6M, expenses of $254K, and assets of $17.4M (revenue +97.0% year-over-year).
- 2020: Revenue of $3.3M, expenses of $173K, and assets of $11.1M (revenue -0.6% year-over-year).
- 2019: Revenue of $3.4M, expenses of $1.4M, and assets of $8.0M (revenue +1464.4% year-over-year).
- 2016: Revenue of $214K, expenses of $327K, and assets of $2.1M (revenue -0.8% year-over-year).
- 2015: Revenue of $216K, expenses of $90K, and assets of $2.2M (revenue +69.3% year-over-year).
- 2014: Revenue of $128K, expenses of $94K, and assets of $2.1M (revenue -79.2% year-over-year).
- 2013: Revenue of $614K, expenses of $276K, and assets of $2.0M (revenue +183.3% year-over-year).
- 2012: Revenue of $217K, expenses of $774K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Luther & Teresa King Fam Foundation:
Data Sources and Methodology
This transparency report for Luther & Teresa King Fam 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.