Steve King Foundation
Steve King Foundation faces consistent operating deficits despite healthy assets and no executive compensation.
EIN: 208168311 · Jetmore, KS · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29K |
| Total Expenses | $28K |
| Program Spending | 80% |
| Net Assets | $172K |
| Transparency Score | 75/100 |
Is Steve King Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steve King Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steve King Foundation
Steve King Foundation (EIN: 208168311) is a nonprofit organization based in Jetmore, KS, classified under NTEE code T30. The organization reported total revenue of $29K and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steve King Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steve King Foundation is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $28K |
| Surplus / Deficit | $-7,445 |
| Total Assets | $172K |
| Net Assets | $172K |
| Operating Margin | -36.0% |
| Months of Reserves | 73.6 months |
Financial Health Grade: B
In 2023, Steve King Foundation reported a deficit of $7K with expenses exceeding revenue, holds 73.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Steve King Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.5% | -43.8% | -4.1% |
| 2022 | +60.9% | +60.8% | -6.3% |
| 2021 | -45.7% | +3.0% | -3.8% |
| 2020 | +16.7% | -38.3% | +7.1% |
| 2019 | -17.3% | -30.1% | -5.9% |
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 Steve King Foundation with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Steve King Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
The Steve King Foundation reports 0% officer compensation across all available filings, indicating that no funds are used for executive salaries, which is highly commendable for a nonprofit of its size.
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 Steve King Foundation's IRS 990 filings:
- Consistent operating deficits: Expenses exceeded revenue in 7 of the last 10 reported periods, including the most recent three years (2021-2023).
- Declining asset base: Assets have decreased from $223,134 in 2017 to $172,365 in 2023, potentially due to covering operating shortfalls.
Strengths
The following positive indicators were identified for Steve King Foundation:
- Zero executive compensation: No officer compensation reported in any filing, indicating efficient use of funds for mission-related activities.
- Strong asset base: Maintains significant assets ($172,365 in 2023) relative to its annual revenue, providing financial stability.
- No liabilities: Consistently reports $0 in liabilities, indicating a strong balance sheet and no outstanding debt.
- Consistent transparency: Regular filing of IRS 990 forms over many years.
Frequently Asked Questions about Steve King Foundation
Is Steve King Foundation a legitimate charity?
Steve King Foundation (EIN: 208168311) is a registered tax-exempt nonprofit based in Kansas. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $29K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Steve King Foundation spend its money?
Steve King Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Steve King Foundation tax-deductible?
Steve King Foundation is registered as a tax-exempt nonprofit (EIN: 208168311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Steve King Foundation's spending goes to programs?
Steve King Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Steve King Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Steve King 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 Steve King Foundation located?
Steve King Foundation is headquartered in Jetmore, Kansas and files with the IRS under EIN 208168311. It is classified under NTEE code T30.
How many years of IRS 990 filings does Steve King Foundation have?
Steve King Foundation has 13 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 $29K in total revenue.
Is the Steve King Foundation financially sustainable given its recent operating deficits?
The foundation has experienced operating deficits in 7 out of the last 10 reported periods, with expenses exceeding revenue. For example, in 2023, expenses were $28,118 while revenue was $20,673. While it has a healthy asset base of $172,365 and no liabilities, this trend could impact long-term sustainability if not reversed.
How does the Steve King Foundation fund its operations if expenses frequently exceed revenue?
The foundation likely draws from its accumulated assets to cover operational shortfalls. Its assets have decreased from a high of $223,134 in 2017 to $172,365 in 2023, suggesting that past surpluses or investment gains are being utilized.
What is the primary purpose of the Steve King Foundation (NTEE Code T30)?
The NTEE Code T30 typically refers to 'Philanthropy, Voluntarism, and Grantmaking Foundations - Private Grantmaking Foundations.' This suggests the foundation primarily makes grants to other organizations or individuals to support charitable causes.
Filing History
IRS 990 filing history for Steve King Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steve King Foundation's revenue has declined by 47.6%, moving from $39K to $21K. Total assets increased by 101.5% over the same period, from $86K to $172K. Total functional expenses rose by 60.9%, from $17K to $28K. In its most recent filing year (2023), Steve King Foundation reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21K | $28K | $172K | $0 | — | — |
| 2022 | $38K | $50K | $180K | $0 | — | View 990 |
| 2021 | $24K | $31K | $192K | $0 | — | View 990 |
| 2020 | $43K | $30K | $199K | $0 | — | — |
| 2019 | $37K | $49K | $186K | $0 | — | View 990 |
| 2018 | $45K | $70K | $198K | $0 | — | View 990 |
| 2017 | $92K | $40K | $223K | $0 | — | View 990 |
| 2016 | $112K | $103K | $171K | $0 | — | View 990 |
| 2015 | $88K | $82K | $162K | $0 | — | View 990 |
| 2014 | $56K | $25K | $155K | $0 | — | View 990 |
| 2013 | $57K | $42K | $125K | $0 | — | View 990 |
| 2012 | $57K | $32K | $111K | $0 | — | View 990 |
| 2011 | $39K | $17K | $86K | $96 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21K, expenses of $28K, and assets of $172K (revenue -45.5% year-over-year).
- 2022: Revenue of $38K, expenses of $50K, and assets of $180K (revenue +60.9% year-over-year).
- 2021: Revenue of $24K, expenses of $31K, and assets of $192K (revenue -45.7% year-over-year).
- 2020: Revenue of $43K, expenses of $30K, and assets of $199K (revenue +16.7% year-over-year).
- 2019: Revenue of $37K, expenses of $49K, and assets of $186K (revenue -17.3% year-over-year).
- 2018: Revenue of $45K, expenses of $70K, and assets of $198K (revenue -51.1% year-over-year).
- 2017: Revenue of $92K, expenses of $40K, and assets of $223K (revenue -17.8% year-over-year).
- 2016: Revenue of $112K, expenses of $103K, and assets of $171K (revenue +26.9% year-over-year).
- 2015: Revenue of $88K, expenses of $82K, and assets of $162K (revenue +58.9% year-over-year).
- 2014: Revenue of $56K, expenses of $25K, and assets of $155K (revenue -2.2% year-over-year).
- 2013: Revenue of $57K, expenses of $42K, and assets of $125K (revenue -0.1% year-over-year).
- 2012: Revenue of $57K, expenses of $32K, and assets of $111K (revenue +44.1% year-over-year).
- 2011: Revenue of $39K, expenses of $17K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steve King Foundation:
Data Sources and Methodology
This transparency report for Steve King 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.