South Kitsap Public Education Foundation

South Kitsap Public Education Foundation faces declining revenue and operating deficits in recent years.

EIN: 201721233 · Port Orchard, WA · NTEE: T30 · Updated: 2026-03-28

$528KRevenue

$499KAssets

70/100Mission Score (Good)

T30

About South Kitsap Public Education Foundation

South Kitsap Public Education Foundation (EIN: 201721233) is a nonprofit organization based in Port Orchard, WA, classified under NTEE code T30. The organization reported total revenue of $528K and total assets of $499K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Kitsap Public Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The South Kitsap Public Education Foundation exhibits a mixed financial picture. While the organization has maintained a consistent asset base, its recent revenue has been significantly lower than its expenses, as seen in 2023 ($26,140 revenue vs. $49,229 expenses) and 2022 ($21,049 revenue vs. $35,386 expenses). This trend suggests the organization is operating at a deficit, potentially drawing down its assets over time if not reversed. The absence of reported officer compensation across all filings indicates a volunteer-led or very lean administrative structure, which is a positive sign for efficiency and donor trust. However, the substantial drop in revenue from $114,173 in 2020 to $26,140 in 2023 warrants further investigation into fundraising effectiveness and sustainability. The organization's NTEE code T30 (Education Foundations) suggests a clear program focus, but without detailed expense breakdowns, it's challenging to fully assess spending efficiency beyond the lack of executive pay. The organization's transparency is good, with consistent filings and no reported liabilities, indicating sound financial management in that regard.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates South Kitsap Public Education Foundation with a Mission Score of 70 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, South Kitsap Public Education Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating a volunteer-led board or extremely low administrative overhead, which is highly commendable for an organization of its size with assets around $100,000.

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 South Kitsap Public Education Foundation's IRS 990 filings:

Significant and consistent operating deficits in recent years (e.g., $23,089 deficit in 2023, $14,337 in 2022).
Sharp decline in revenue from $114,173 in 2020 to $26,140 in 2023, indicating potential fundraising challenges.
Assets have decreased from $143,199 in 2020 to $103,733 in 2023, likely due to operating deficits.

Strengths

The following positive indicators were identified for South Kitsap Public Education Foundation:

Zero reported officer compensation, indicating a highly efficient and volunteer-driven leadership.
No reported liabilities across all filings, suggesting sound financial management regarding debt.
Clear mission focus as an education foundation (NTEE T30).

Frequently Asked Questions about South Kitsap Public Education Foundation

Why has the South Kitsap Public Education Foundation's revenue significantly decreased from $114,173 in 2020 to $26,140 in 2023?

The filings show a sharp decline in revenue, which could be due to various factors such as reduced donations, changes in fundraising strategies, or economic impacts. Further inquiry into their fundraising efforts and donor base would be necessary.

How does the organization plan to address its operating deficits, where expenses exceed revenue, as seen in 2023 ($49,229 expenses vs. $26,140 revenue) and 2022 ($35,386 expenses vs. $21,049 revenue)?

Operating at a deficit is not sustainable long-term. The organization needs a strategy to either increase revenue or reduce expenses to achieve financial stability and avoid depleting its assets.

What specific programs or initiatives does the South Kitsap Public Education Foundation fund with its expenses?

While the NTEE code indicates an education foundation, the filings do not detail specific program expenditures. Understanding where the funds are allocated would provide better insight into their impact.

Filing History

IRS 990 filing history for South Kitsap Public Education Foundation showing financial trends over 3 years of public records:

Over 3 years of IRS 990 filings (2020–2023), South Kitsap Public Education Foundation's revenue has declined by 77.1%, moving from $114K to $26K. Total assets decreased by 27.6% over the same period, from $143K to $104K. Total functional expenses rose by 184.6%, from $17K to $49K. In its most recent filing year (2023), South Kitsap Public Education Foundation reported a deficit of $23K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$26K	$49K	$104K	$0	—	—
2022	$21K	$35K	$127K	$0	—	View 990
2020	$114K	$17K	$143K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $26K, expenses of $49K, and assets of $104K (revenue +24.2% year-over-year).
2022: Revenue of $21K, expenses of $35K, and assets of $127K (revenue -81.6% year-over-year).
2020: Revenue of $114K, expenses of $17K, and assets of $143K.

Data Sources and Methodology

This transparency report for South Kitsap Public Education 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.