The Kelly Gibson Foundation
The Kelly Gibson Foundation shows consistent revenue and asset growth with no reported officer compensation.
EIN: 203413020 · Covington, LA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $536K |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is The Kelly Gibson Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Kelly Gibson Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Kelly Gibson Foundation
The Kelly Gibson Foundation (EIN: 203413020) is a nonprofit organization based in Covington, LA, classified under NTEE code P20. The organization reported total revenue of $1.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Kelly Gibson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Kelly Gibson Foundation is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $692K |
| Total Expenses | $536K |
| Surplus / Deficit | +$156K |
| Total Assets | $1.2M |
| Total Liabilities | $57K |
| Net Assets | $1.1M |
| Operating Margin | 22.5% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 26.9 months |
Financial Health Grade: A
In 2023, The Kelly Gibson Foundation reported a surplus of $156K with revenue exceeding expenses, holds 26.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Kelly Gibson Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.2% | +28.4% | +34.7% |
| 2022 | -26.9% | +13.6% | +5.5% |
| 2021 | +37.3% | +4.1% | +40.2% |
| 2020 | +4.9% | -25.1% | +27.1% |
| 2019 | -12.5% | +10.7% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Kelly Gibson Foundation with a Mission Score of 92 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Kelly Gibson 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $156K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
The Kelly Gibson Foundation has consistently reported 0% officer compensation across all available IRS 990 filings, indicating that its leadership is either unpaid or compensated through non-reportable means, which is highly favorable for donor perception and resource allocation to programs.
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.
Strengths
The following positive indicators were identified for The Kelly Gibson Foundation:
- Consistent revenue growth, from $328,995 in 2014 to $1,109,260 latest.
- Strong asset accumulation, growing from $251,641 in 2014 to $1,395,162 currently.
- Zero reported officer compensation across all 13 filings, indicating high efficiency and program focus.
- Expenses consistently lower than revenue, allowing for healthy asset growth and financial stability.
- Low liabilities relative to assets, demonstrating sound financial management (e.g., $57,198 liabilities vs. $1,201,904 assets in 2023).
Frequently Asked Questions about The Kelly Gibson Foundation
Is The Kelly Gibson Foundation a legitimate charity?
The Kelly Gibson Foundation (EIN: 203413020) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Kelly Gibson Foundation spend its money?
The Kelly Gibson Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Kelly Gibson Foundation tax-deductible?
The Kelly Gibson Foundation is registered as a tax-exempt nonprofit (EIN: 203413020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Kelly Gibson Foundation's spending goes to programs?
The Kelly Gibson Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Kelly Gibson Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Kelly Gibson Foundation is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Kelly Gibson Foundation located?
The Kelly Gibson Foundation is headquartered in Covington, Louisiana and files with the IRS under EIN 203413020. It is classified under NTEE code P20.
How many years of IRS 990 filings does The Kelly Gibson Foundation have?
The Kelly Gibson 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 $1.1M in total revenue.
Is The Kelly Gibson Foundation a good charity?
Based on its financial data, The Kelly Gibson Foundation appears to be a very good charity. It demonstrates consistent revenue and asset growth, maintains low liabilities, and has reported 0% officer compensation across all filings, suggesting a strong focus on its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $328,995 in 2014 to $691,940 in 2023 (and $1,109,260 latest), and assets have increased from $251,641 in 2014 to $1,395,162 currently, indicating robust and sustained growth.
What is the organization's approach to executive compensation?
The Kelly Gibson Foundation has a highly transparent approach to executive compensation, reporting 0% officer compensation in all available filings. This suggests that executive leadership is either volunteer-based or compensated through means not typically reported as officer compensation, allowing more funds for programs.
Filing History
IRS 990 filing history for The Kelly Gibson Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Kelly Gibson Foundation's revenue has grown by 333.8%, moving from $160K to $692K. Total assets increased by 1340.7% over the same period, from $83K to $1.2M. Total functional expenses rose by 271.5%, from $144K to $536K. In its most recent filing year (2023), The Kelly Gibson Foundation reported a surplus of $156K, with revenue exceeding expenses. The organization holds $57K in liabilities against $1.2M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $692K | $536K | $1.2M | $57K | — | — |
| 2022 | $473K | $417K | $892K | $42K | — | View 990 |
| 2021 | $648K | $367K | $845K | $44K | — | View 990 |
| 2020 | $472K | $353K | $603K | $72K | — | View 990 |
| 2019 | $450K | $471K | $475K | $57K | — | View 990 |
| 2018 | $514K | $426K | $465K | $26K | — | View 990 |
| 2017 | $520K | $500K | $383K | $32K | — | View 990 |
| 2016 | $428K | $404K | $350K | $18K | — | View 990 |
| 2015 | $452K | $379K | $329K | $21K | — | View 990 |
| 2014 | $329K | $293K | $252K | $17K | — | View 990 |
| 2013 | $241K | $167K | $199K | $0 | — | View 990 |
| 2012 | $220K | $179K | $125K | $0 | — | View 990 |
| 2011 | $160K | $144K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $692K, expenses of $536K, and assets of $1.2M (revenue +46.2% year-over-year).
- 2022: Revenue of $473K, expenses of $417K, and assets of $892K (revenue -26.9% year-over-year).
- 2021: Revenue of $648K, expenses of $367K, and assets of $845K (revenue +37.3% year-over-year).
- 2020: Revenue of $472K, expenses of $353K, and assets of $603K (revenue +4.9% year-over-year).
- 2019: Revenue of $450K, expenses of $471K, and assets of $475K (revenue -12.5% year-over-year).
- 2018: Revenue of $514K, expenses of $426K, and assets of $465K (revenue -1.2% year-over-year).
- 2017: Revenue of $520K, expenses of $500K, and assets of $383K (revenue +21.5% year-over-year).
- 2016: Revenue of $428K, expenses of $404K, and assets of $350K (revenue -5.3% year-over-year).
- 2015: Revenue of $452K, expenses of $379K, and assets of $329K (revenue +37.4% year-over-year).
- 2014: Revenue of $329K, expenses of $293K, and assets of $252K (revenue +36.7% year-over-year).
- 2013: Revenue of $241K, expenses of $167K, and assets of $199K (revenue +9.1% year-over-year).
- 2012: Revenue of $220K, expenses of $179K, and assets of $125K (revenue +38.2% year-over-year).
- 2011: Revenue of $160K, expenses of $144K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Kelly Gibson Foundation:
Data Sources and Methodology
This transparency report for The Kelly Gibson 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.