The Ron And Kathy Colby Family Foundation
Ron And Kathy Colby Family Foundation maintains strong asset growth with no officer compensation.
EIN: 203990862 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $312K |
| Total Expenses | $169K |
| Program Spending | 80% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is The Ron And Kathy Colby Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Ron And Kathy Colby Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Ron And Kathy Colby Family Foundation
The Ron And Kathy Colby Family Foundation (EIN: 203990862) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $312K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ron And Kathy Colby Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ron And Kathy Colby Family Foundation is a small nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $169K |
| Surplus / Deficit | $-37,387 |
| Total Assets | $2.9M |
| Total Liabilities | $1 |
| Net Assets | $2.9M |
| Operating Margin | -28.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 209.4 months |
Financial Health Grade: B
In 2023, The Ron And Kathy Colby Family Foundation reported a deficit of $37K with expenses exceeding revenue, holds 209.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), The Ron And Kathy Colby Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.4% | +21.1% | -1.3% |
| 2022 | -9.3% | +0.8% | +4.8% |
| 2021 | +38.0% | +5.6% | +6.2% |
| 2020 | +23.6% | +28.4% | +16.4% |
| 2016 | +5.6% | +-0.0% | +3.4% |
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 The Ron And Kathy Colby Family 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Ron And Kathy Colby Family 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 $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filing periods, indicating that no salaries or benefits are paid to officers, which is highly favorable for resource allocation.
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 Ron And Kathy Colby Family Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in summary data
- Expenses exceeded revenue in the most recent fiscal period (2023)
Strengths
The following positive indicators were identified for The Ron And Kathy Colby Family Foundation:
- Consistent asset growth over time, from $2,024,963 in 2012 to $2,946,551 in 2023
- Zero officer compensation reported across all filing periods
- Minimal liabilities, consistently reported as $1 or $0
- Consistent filing of IRS Form 990s, indicating compliance
Frequently Asked Questions about The Ron And Kathy Colby Family Foundation
Is The Ron And Kathy Colby Family Foundation a legitimate charity?
The Ron And Kathy Colby Family Foundation (EIN: 203990862) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $312K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Ron And Kathy Colby Family Foundation spend its money?
The Ron And Kathy Colby Family Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Ron And Kathy Colby Family Foundation tax-deductible?
The Ron And Kathy Colby Family Foundation is registered as a tax-exempt nonprofit (EIN: 203990862). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Ron And Kathy Colby Family Foundation's spending goes to programs?
The Ron And Kathy Colby Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Ron And Kathy Colby Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Ron And Kathy Colby Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Ron And Kathy Colby Family Foundation located?
The Ron And Kathy Colby Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203990862. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Ron And Kathy Colby Family Foundation have?
The Ron And Kathy Colby Family Foundation has 9 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 $312K in total revenue.
What are the specific program activities funded by The Ron And Kathy Colby Family Foundation?
The provided data does not detail the specific program activities. Further investigation into the full IRS Form 990, particularly Schedule I, would be necessary to understand the foundation's grant-making or direct charitable activities.
What is the reason for the expense exceeding revenue in the 2023 fiscal period?
In the 2023 fiscal period, expenses ($168,851) exceeded revenue ($131,464). This could be due to increased grant disbursements, investment losses, or one-time operational costs. A detailed review of the 2023 Form 990 would clarify the specific reasons for this deficit.
How does the foundation manage its investment portfolio to achieve asset growth?
The provided data shows consistent asset growth from $2,024,963 in 2012 to $2,946,551 in 2023. However, the specific investment strategies or portfolio composition are not detailed in this summary. The full Form 990, particularly Part X (Balance Sheet) and Schedule D (Supplemental Financial Statements), might offer more insights into investment management.
Filing History
IRS 990 filing history for The Ron And Kathy Colby Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), The Ron And Kathy Colby Family Foundation's revenue has grown by 230.3%, moving from $40K to $131K. Total assets increased by 45.5% over the same period, from $2.0M to $2.9M. Total functional expenses rose by 98.7%, from $85K to $169K. In its most recent filing year (2023), The Ron And Kathy Colby Family Foundation reported a deficit of $37K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $169K | $2.9M | $1 | — | View 990 |
| 2022 | $276K | $139K | $3.0M | $1 | — | View 990 |
| 2021 | $305K | $138K | $2.8M | $1 | — | View 990 |
| 2020 | $221K | $131K | $2.7M | $1 | — | View 990 |
| 2016 | $179K | $102K | $2.3M | $0 | — | View 990 |
| 2015 | $169K | $102K | $2.2M | $0 | — | View 990 |
| 2014 | $279K | $98K | $2.2M | $0 | — | View 990 |
| 2013 | $50K | $97K | $2.0M | $0 | — | View 990 |
| 2012 | $40K | $85K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $169K, and assets of $2.9M (revenue -52.4% year-over-year).
- 2022: Revenue of $276K, expenses of $139K, and assets of $3.0M (revenue -9.3% year-over-year).
- 2021: Revenue of $305K, expenses of $138K, and assets of $2.8M (revenue +38.0% year-over-year).
- 2020: Revenue of $221K, expenses of $131K, and assets of $2.7M (revenue +23.6% year-over-year).
- 2016: Revenue of $179K, expenses of $102K, and assets of $2.3M (revenue +5.6% year-over-year).
- 2015: Revenue of $169K, expenses of $102K, and assets of $2.2M (revenue -39.2% year-over-year).
- 2014: Revenue of $279K, expenses of $98K, and assets of $2.2M (revenue +453.0% year-over-year).
- 2013: Revenue of $50K, expenses of $97K, and assets of $2.0M (revenue +26.6% year-over-year).
- 2012: Revenue of $40K, expenses of $85K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ron And Kathy Colby Family Foundation:
Data Sources and Methodology
This transparency report for The Ron And Kathy Colby Family 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.