Mount Kenya Academy Foundation Inc
Mount Kenya Academy Foundation Inc. experiences significant revenue decline and deficit spending in 2019, following a decade of fluctuating but generally stable finances.
EIN: 10730325 · Atlanta, GA · NTEE: B25 · Updated: 2026-03-27
Is Mount Kenya Academy Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Kenya Academy Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Kenya Academy Foundation Inc
Mount Kenya Academy Foundation Inc (EIN: 10730325) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B25. The organization reported total revenue of $687K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Kenya Academy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Kenya Academy Foundation Inc is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2010–2019). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $687K |
| Total Expenses | $911K |
| Surplus / Deficit | $-223,825 |
| Total Assets | $1.9M |
| Total Liabilities | $294K |
| Net Assets | $1.6M |
| Operating Margin | -32.6% |
| Debt-to-Asset Ratio | 15.2% |
| Months of Reserves | 25.5 months |
Financial Health Grade: B
In 2019, Mount Kenya Academy Foundation Inc reported a deficit of $224K with expenses exceeding revenue, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.2% (very low leverage).
Financial Trends
Over 10 years of filings (2010–2019), Mount Kenya Academy Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -42.2% | -5.5% | -5.6% |
| 2018 | +20.2% | -10.5% | -5.9% |
| 2017 | -7.2% | -4.9% | +2.1% |
| 2016 | -12.5% | -10.5% | -3.5% |
| 2015 | -32.3% | -8.7% | -11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Mount Kenya Academy Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mount Kenya Academy Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $224K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for an organization of its size, with revenues typically exceeding $1 million annually.
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 Mount Kenya Academy Foundation Inc's IRS 990 filings:
- Significant revenue decline of over $500,000 from 2018 to 2019.
- Expenses exceeded revenue by $223,825 in 2019, indicating deficit spending.
- Assets decreased by over $114,000 from 2018 to 2019.
Strengths
The following positive indicators were identified for Mount Kenya Academy Foundation Inc:
- Consistent reporting of 0% officer compensation across all available filings.
- Maintained a substantial asset base, consistently above $1.9 million over the past decade.
- Long operating history with 10 years of available IRS 990 filings.
Frequently Asked Questions about Mount Kenya Academy Foundation Inc
Is Mount Kenya Academy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Kenya Academy Foundation Inc (EIN: 10730325) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Mount Kenya Academy Foundation Inc spend its money?
Mount Kenya Academy Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Kenya Academy Foundation Inc tax-deductible?
Mount Kenya Academy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10730325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant drop in revenue from $1,190,003 in 2018 to $687,233 in 2019?
The provided data does not specify the reason for the revenue decline, but it is a critical area for further investigation to understand the organization's financial stability.
How does the organization plan to address the deficit spending of $223,825 in 2019?
With expenses of $911,058 exceeding revenue of $687,233 in 2019, the organization incurred a significant deficit. Future filings would need to be reviewed to understand their strategy for financial recovery.
What are the specific program activities funded by Mount Kenya Academy Foundation Inc.?
The NTEE code B25 indicates 'Elementary & Secondary Education', suggesting the organization supports educational initiatives, but specific program details are not available in this summary.
Filing History
IRS 990 filing history for Mount Kenya Academy Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2010–2019), Mount Kenya Academy Foundation Inc's revenue has declined by 40.3%, moving from $1.2M to $687K. Total assets decreased by 24.9% over the same period, from $2.6M to $1.9M. Total functional expenses fell by 10.9%, from $1.0M to $911K. In its most recent filing year (2019), Mount Kenya Academy Foundation Inc reported a deficit of $224K, with expenses exceeding revenue. The organization holds $294K in liabilities against $1.9M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $687K | $911K | $1.9M | $294K | — | View 990 |
| 2018 | $1.2M | $964K | $2.0M | $171K | — | View 990 |
| 2017 | $990K | $1.1M | $2.2M | $489K | — | View 990 |
| 2016 | $1.1M | $1.1M | $2.1M | $327K | — | View 990 |
| 2015 | $1.2M | $1.3M | $2.2M | $192K | — | View 990 |
| 2014 | $1.8M | $1.4M | $2.5M | $554K | — | View 990 |
| 2013 | $1.3M | $1.2M | $2.3M | $188K | — | View 990 |
| 2012 | $1.4M | $1.2M | $2.5M | $239K | — | View 990 |
| 2011 | $1.1M | $1.1M | $2.5M | $300K | — | View 990 |
| 2010 | $1.2M | $1.0M | $2.6M | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $687K, expenses of $911K, and assets of $1.9M (revenue -42.2% year-over-year).
- 2018: Revenue of $1.2M, expenses of $964K, and assets of $2.0M (revenue +20.2% year-over-year).
- 2017: Revenue of $990K, expenses of $1.1M, and assets of $2.2M (revenue -7.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $2.1M (revenue -12.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $2.2M (revenue -32.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.4M, and assets of $2.5M (revenue +37.2% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $2.3M (revenue -4.0% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $2.5M (revenue +19.5% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $2.5M (revenue -0.7% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.0M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Kenya Academy Foundation Inc:
Data Sources and Methodology
This transparency report for Mount Kenya Academy 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.