The Katherine Forest Crafts Foundation Inc
Small Foundation with Consistent Spending, Declining Revenue
EIN: 222618186 · Mystic, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $25K |
| Total Expenses | $26K |
| Program Spending | 70% |
| Net Assets | $270K |
| Transparency Score | 65/100 |
Is The Katherine Forest Crafts Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Katherine Forest Crafts Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Katherine Forest Crafts Foundation Inc
The Katherine Forest Crafts Foundation Inc (EIN: 222618186) is a nonprofit organization based in Mystic, CT. The organization reported total revenue of $25K and total assets of $263K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Katherine Forest Crafts Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Katherine Forest Crafts Foundation Inc is a micro nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $26K |
| Surplus / Deficit | $-1,158 |
| Total Assets | $270K |
| Total Liabilities | $1 |
| Net Assets | $270K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.7 months |
Financial Health Grade: B
In 2023, The Katherine Forest Crafts Foundation Inc reported a deficit of $1K with expenses exceeding revenue, holds 124.7 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), The Katherine Forest Crafts Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +94.9% | +21.8% | +2.0% |
| 2022 | -46.0% | +19.1% | -3.1% |
| 2021 | +168.3% | +21.5% | +2.1% |
| 2020 | +294.3% | -7.9% | -2.2% |
| 2019 | -86.8% | -0.6% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 The Katherine Forest Crafts Foundation Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Katherine Forest Crafts Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting an entirely volunteer-run organization or that compensation is covered by an external entity.
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 The Katherine Forest Crafts Foundation Inc's IRS 990 filings:
- Revenue has shown a general decline over the past decade, from $18,433 in 2014 to $24,599 in 2023, with significant fluctuations.
- Expenses have frequently exceeded revenue in multiple years (e.g., 2022: revenue $12,754, expenses $21,365), leading to a draw on assets.
- The organization's assets have decreased from $291,592 in 2014 to $262,848 in 2023, indicating a slow but steady depletion.
Strengths
The following positive indicators were identified for The Katherine Forest Crafts Foundation Inc:
- Consistent filing of financial documents demonstrates a commitment to transparency.
- The organization maintains a healthy asset base relative to its annual expenses, providing financial stability despite revenue fluctuations.
- Zero reported compensation suggests a highly efficient, volunteer-driven model, maximizing funds for mission-related activities.
Frequently Asked Questions about The Katherine Forest Crafts Foundation Inc
Is The Katherine Forest Crafts Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Katherine Forest Crafts Foundation Inc (EIN: 222618186) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does The Katherine Forest Crafts Foundation Inc spend its money?
The Katherine Forest Crafts Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Katherine Forest Crafts Foundation Inc tax-deductible?
The Katherine Forest Crafts Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222618186). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Katherine Forest Crafts Foundation Inc's spending goes to programs?
The Katherine Forest Crafts Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Katherine Forest Crafts Foundation Inc located?
The Katherine Forest Crafts Foundation Inc is headquartered in Mystic, Connecticut and files with the IRS under EIN 222618186.
How many years of IRS 990 filings does The Katherine Forest Crafts Foundation Inc have?
The Katherine Forest Crafts Foundation Inc 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 $25K in total revenue.
What does The Katherine Forest Crafts Foundation Inc do?
The Katherine Forest Crafts Foundation Inc is a nonprofit organization in the Unknown sector, located in Mystic, Connecticut. It is classified under NTEE code Unknown.
How much revenue does The Katherine Forest Crafts Foundation Inc have?
The Katherine Forest Crafts Foundation Inc reported total revenue of $24,599. Based on 10 IRS 990 filings on record.
What are The Katherine Forest Crafts Foundation Inc's total assets?
The Katherine Forest Crafts Foundation Inc holds total assets of $262,848 as reported in IRS 990 filings.
Where is The Katherine Forest Crafts Foundation Inc located?
The Katherine Forest Crafts Foundation Inc is based in Mystic, Connecticut.
What is The Katherine Forest Crafts Foundation Inc's EIN?
The Katherine Forest Crafts Foundation Inc's Employer Identification Number (EIN) is 222618186. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Katherine Forest Crafts Foundation Inc?
The Katherine Forest Crafts Foundation Inc is classified under NTEE code Unknown (Unknown).
Is The Katherine Forest Crafts Foundation Inc a registered 501(c)(3)?
The Katherine Forest Crafts Foundation Inc appears in IRS records (EIN: 222618186). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Katherine Forest Crafts Foundation Inc file IRS Form 990?
Yes, The Katherine Forest Crafts Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Katherine Forest Crafts Foundation Inc's revenue in 2023?
In the 202312 filing period, The Katherine Forest Crafts Foundation Inc reported total revenue of $24,857, total expenses of $26,015, and net assets of $270,318.
Is The Katherine Forest Crafts Foundation Inc's revenue growing or declining?
The Katherine Forest Crafts Foundation Inc's revenue is growing. Revenue went from $12,754 (202212) to $24,857 (202312), a +94.9% change. Based on 10 filings on record.
What is The Katherine Forest Crafts Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Katherine Forest Crafts Foundation Inc covers tax period 202312. It shows revenue of $24,857, expenses of $26,015, total assets of $270,318, and liabilities of $1.
How much does The Katherine Forest Crafts Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, The Katherine Forest Crafts Foundation Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is The Katherine Forest Crafts Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Katherine Forest Crafts Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for The Katherine Forest Crafts Foundation Inc?
The following concerns were identified: Revenue has shown a general decline over the past decade, from $18,433 in 2014 to $24,599 in 2023, with significant fluctuations.. Expenses have frequently exceeded revenue in multiple years (e.g., 2022: revenue $12,754, expenses $21,365), leading to a draw on assets.. The organization's assets have decreased from $291,592 in 2014 to $262,848 in 2023, indicating a slow but steady depletion.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Katherine Forest Crafts Foundation Inc's strengths?
Positive indicators for The Katherine Forest Crafts Foundation Inc include: Consistent filing of financial documents demonstrates a commitment to transparency.. The organization maintains a healthy asset base relative to its annual expenses, providing financial stability despite revenue fluctuations.. Zero reported compensation suggests a highly efficient, volunteer-driven model, maximizing funds for mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does The Katherine Forest Crafts Foundation Inc compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting an entirely volunteer-run organization or that compensation is covered by an external entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation and the small operational scale, what is the primary funding mechanism for administrative overhead and any potential uncompensated labor?
Without further detail, it's likely that administrative tasks are performed by dedicated volunteers, or a separate entity covers these costs, as the provided data indicates no direct compensation from the foundation's funds.
How does the foundation plan to address the long-term trend of declining assets and fluctuating revenue to ensure sustainability?
The provided data does not offer insight into future financial strategies. The consistent draw on assets in years where expenses exceed revenue suggests a need for a robust fundraising strategy or a re-evaluation of spending.
Filing History
IRS 990 filing history for The Katherine Forest Crafts Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Katherine Forest Crafts Foundation Inc's revenue has grown by 134.4%, moving from $11K to $25K. Total assets decreased by 7.2% over the same period, from $291K to $270K. Total functional expenses rose by 66%, from $16K to $26K. In its most recent filing year (2023), The Katherine Forest Crafts Foundation Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $270K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $270K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $26K | $270K | $1 | — | — |
| 2022 | $13K | $21K | $265K | $1 | — | View 990 |
| 2021 | $24K | $18K | $274K | $1 | — | — |
| 2020 | $9K | $15K | $268K | $1 | — | — |
| 2019 | $2K | $16K | $274K | $1 | — | View 990 |
| 2015 | $17K | $16K | $292K | $1 | — | View 990 |
| 2014 | $18K | $16K | $292K | $1 | — | View 990 |
| 2013 | $9K | $17K | $290K | $1 | — | View 990 |
| 2012 | $22K | $15K | $298K | $0 | — | View 990 |
| 2011 | $11K | $16K | $291K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $26K, and assets of $270K (revenue +94.9% year-over-year).
- 2022: Revenue of $13K, expenses of $21K, and assets of $265K (revenue -46.0% year-over-year).
- 2021: Revenue of $24K, expenses of $18K, and assets of $274K (revenue +168.3% year-over-year).
- 2020: Revenue of $9K, expenses of $15K, and assets of $268K (revenue +294.3% year-over-year).
- 2019: Revenue of $2K, expenses of $16K, and assets of $274K (revenue -86.8% year-over-year).
- 2015: Revenue of $17K, expenses of $16K, and assets of $292K (revenue -8.2% year-over-year).
- 2014: Revenue of $18K, expenses of $16K, and assets of $292K (revenue +112.9% year-over-year).
- 2013: Revenue of $9K, expenses of $17K, and assets of $290K (revenue -60.7% year-over-year).
- 2012: Revenue of $22K, expenses of $15K, and assets of $298K (revenue +107.7% year-over-year).
- 2011: Revenue of $11K, expenses of $16K, and assets of $291K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Katherine Forest Crafts Foundation Inc:
Data Sources and Methodology
This transparency report for The Katherine Forest Crafts 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.