Mulhollem Cravens Foundation
Mulhollem Cravens Foundation maintains stable assets with fluctuating annual revenues and expenses, consistently reporting zero officer compensation.
EIN: 203835578 · Carlisle, KY · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $611K |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Mulhollem Cravens Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mulhollem Cravens Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mulhollem Cravens Foundation
Mulhollem Cravens Foundation (EIN: 203835578) is a nonprofit organization based in Carlisle, KY, classified under NTEE code T31. The organization reported total revenue of $1.1M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mulhollem Cravens Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mulhollem Cravens Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $441K |
| Total Expenses | $611K |
| Surplus / Deficit | $-170,177 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -38.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 33.4 months |
Financial Health Grade: B
In 2023, Mulhollem Cravens Foundation reported a deficit of $170K with expenses exceeding revenue, holds 33.4 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), Mulhollem Cravens Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.7% | +20.3% | -8.7% |
| 2022 | +87.1% | +38.0% | +9.2% |
| 2021 | -1.8% | +2.6% | -1.4% |
| 2020 | -22.9% | -12.4% | +2.0% |
| 2019 | +70.5% | +7.1% | -8.0% |
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 Mulhollem Cravens 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, Mulhollem Cravens 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 deficit of $170K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This suggests a highly efficient administrative structure in terms of personnel costs, or a reliance on uncompensated leadership.
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 Mulhollem Cravens Foundation's IRS 990 filings:
- Expenses exceeded revenue in the most recent period (202312) by $170,177, which could indicate a draw on reserves if it becomes a consistent trend.
Strengths
The following positive indicators were identified for Mulhollem Cravens Foundation:
- Consistent filing of IRS 990s, demonstrating transparency.
- Zero officer compensation reported across all filings, indicating high efficiency in executive overhead.
- Stable asset base (around $1.7M - $1.9M) over a decade, suggesting sound financial management.
- Low liabilities reported ($0 or $1 across all filings), indicating strong financial health and minimal debt.
Frequently Asked Questions about Mulhollem Cravens Foundation
Is Mulhollem Cravens Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mulhollem Cravens Foundation (EIN: 203835578) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mulhollem Cravens Foundation spend its money?
Mulhollem Cravens Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mulhollem Cravens Foundation tax-deductible?
Mulhollem Cravens Foundation is registered as a tax-exempt nonprofit (EIN: 203835578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mulhollem Cravens Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mulhollem Cravens Foundation is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mulhollem Cravens Foundation located?
Mulhollem Cravens Foundation is headquartered in Carlisle, Kentucky and files with the IRS under EIN 203835578. It is classified under NTEE code T31.
How many years of IRS 990 filings does Mulhollem Cravens Foundation have?
Mulhollem Cravens 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 $1.1M in total revenue.
What is the specific breakdown of program service expenses versus other expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. However, as a grantmaking foundation (NTEE T31), the majority of its expenses are expected to be program-related grants.
How does the foundation manage its investment portfolio to maintain its asset base?
The provided IRS 990 data does not detail investment strategies. However, the consistent asset base between $1.7 million and $1.9 million over the years suggests a stable approach to asset management, despite fluctuations in annual revenue.
What are the specific types of grants or programs the Mulhollem Cravens Foundation supports?
The NTEE code T31 indicates it is a Private Grantmaking Foundation, meaning it provides grants to other organizations or individuals. The provided financial data does not specify the beneficiaries or thematic areas of its grantmaking.
Filing History
IRS 990 filing history for Mulhollem Cravens Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mulhollem Cravens Foundation's revenue has grown by 18%, moving from $374K to $441K. Total assets increased by 10.2% over the same period, from $1.5M to $1.7M. Total functional expenses rose by 161.3%, from $234K to $611K. In its most recent filing year (2023), Mulhollem Cravens Foundation reported a deficit of $170K, 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 | $441K | $611K | $1.7M | $1 | — | View 990 |
| 2022 | $675K | $508K | $1.9M | $1 | — | View 990 |
| 2021 | $361K | $368K | $1.7M | $1 | — | View 990 |
| 2020 | $367K | $359K | $1.7M | $1 | — | — |
| 2019 | $476K | $410K | $1.7M | $0 | — | View 990 |
| 2015 | $279K | $383K | $1.8M | $0 | — | View 990 |
| 2014 | $493K | $252K | $1.9M | $0 | — | View 990 |
| 2013 | $576K | $253K | $1.7M | $0 | — | View 990 |
| 2012 | $224K | $375K | $1.4M | $0 | — | View 990 |
| 2011 | $374K | $234K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $441K, expenses of $611K, and assets of $1.7M (revenue -34.7% year-over-year).
- 2022: Revenue of $675K, expenses of $508K, and assets of $1.9M (revenue +87.1% year-over-year).
- 2021: Revenue of $361K, expenses of $368K, and assets of $1.7M (revenue -1.8% year-over-year).
- 2020: Revenue of $367K, expenses of $359K, and assets of $1.7M (revenue -22.9% year-over-year).
- 2019: Revenue of $476K, expenses of $410K, and assets of $1.7M (revenue +70.5% year-over-year).
- 2015: Revenue of $279K, expenses of $383K, and assets of $1.8M (revenue -43.4% year-over-year).
- 2014: Revenue of $493K, expenses of $252K, and assets of $1.9M (revenue -14.3% year-over-year).
- 2013: Revenue of $576K, expenses of $253K, and assets of $1.7M (revenue +156.8% year-over-year).
- 2012: Revenue of $224K, expenses of $375K, and assets of $1.4M (revenue -40.0% year-over-year).
- 2011: Revenue of $374K, expenses of $234K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mulhollem Cravens Foundation:
Data Sources and Methodology
This transparency report for Mulhollem Cravens 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.