The William And Mildred Kaplan Foundation Inc
The William And Mildred Kaplan Foundation consistently maintains strong assets and reports no officer compensation.
EIN: 205708151 · Baltimore, MD · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $289K |
| Program Spending | 90% |
| Net Assets | $3.7M |
| Transparency Score | 92/100 |
Is The William And Mildred Kaplan Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The William And Mildred Kaplan Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The William And Mildred Kaplan Foundation Inc
The William And Mildred Kaplan Foundation Inc (EIN: 205708151) is a nonprofit organization based in Baltimore, MD, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The William And Mildred Kaplan Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The William And Mildred Kaplan Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $289K |
| Surplus / Deficit | $-86,740 |
| Total Assets | $3.7M |
| Total Liabilities | $23K |
| Net Assets | $3.7M |
| Operating Margin | -42.8% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 154.0 months |
Financial Health Grade: B
In 2023, The William And Mildred Kaplan Foundation Inc reported a deficit of $87K with expenses exceeding revenue, holds 154.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The William And Mildred Kaplan Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.5% | -5.9% | -2.3% |
| 2022 | -37.7% | +3.6% | +3.1% |
| 2021 | +54.4% | +18.1% | +10.4% |
| 2020 | +58.0% | +12.2% | +5.2% |
| 2019 | -30.3% | +14.4% | +15.1% |
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 The William And Mildred Kaplan Foundation Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The William And Mildred Kaplan Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $87K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives. This is a significant positive, suggesting high efficiency and that all operational funds are directed towards the foundation's charitable activities or administrative overhead.
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 William And Mildred Kaplan Foundation Inc:
- Consistent asset growth, from $2,512,980 in 2011 to $3,713,470 in 2023.
- 0% officer compensation reported across all filings, indicating high efficiency.
- Low liabilities, consistently under $25,000, demonstrating strong financial stability.
- Revenue generally exceeds expenses, indicating sound financial management (e.g., 2022 revenue $401,068 vs. expenses $307,478).
- Clear financial reporting with no significant discrepancies over 10 years of filings.
Frequently Asked Questions about The William And Mildred Kaplan Foundation Inc
Is The William And Mildred Kaplan Foundation Inc a legitimate charity?
The William And Mildred Kaplan Foundation Inc (EIN: 205708151) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does The William And Mildred Kaplan Foundation Inc spend its money?
The William And Mildred Kaplan Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to The William And Mildred Kaplan Foundation Inc tax-deductible?
The William And Mildred Kaplan Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205708151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The William And Mildred Kaplan Foundation Inc's spending goes to programs?
The William And Mildred Kaplan Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The William And Mildred Kaplan Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The William And Mildred Kaplan Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The William And Mildred Kaplan Foundation Inc located?
The William And Mildred Kaplan Foundation Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 205708151. It is classified under NTEE code T20.
How many years of IRS 990 filings does The William And Mildred Kaplan Foundation Inc have?
The William And Mildred Kaplan 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 $1.2M in total revenue.
Is The William And Mildred Kaplan Foundation Inc a good charity?
Based on the available IRS 990 data, the foundation appears to be a very good charity. It maintains strong assets, consistently manages expenses below revenue in most years, and notably reports 0% officer compensation, indicating efficient use of funds.
How has the foundation's financial health changed over time?
The foundation's financial health has steadily improved, with assets growing from $2,512,980 in 2011 to $3,713,470 in 2023. While revenue fluctuates, it generally outpaces expenses, demonstrating consistent growth and stability.
What is the primary use of the foundation's funds?
As a grant-making organization (NTEE T20) with 0% officer compensation, the primary use of the foundation's funds would be for grants to other organizations or individuals, which constitutes its program spending, and minimal administrative costs.
Filing History
IRS 990 filing history for The William And Mildred Kaplan Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The William And Mildred Kaplan Foundation Inc's revenue has grown by 36.6%, moving from $148K to $203K. Total assets increased by 47.8% over the same period, from $2.5M to $3.7M. Total functional expenses rose by 98.2%, from $146K to $289K. In its most recent filing year (2023), The William And Mildred Kaplan Foundation Inc reported a deficit of $87K, with expenses exceeding revenue. The organization holds $23K in liabilities against $3.7M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $203K | $289K | $3.7M | $23K | — | — |
| 2022 | $401K | $307K | $3.8M | $23K | — | View 990 |
| 2021 | $644K | $297K | $3.7M | $3K | — | View 990 |
| 2020 | $417K | $251K | $3.3M | $3K | — | View 990 |
| 2019 | $264K | $224K | $3.2M | $2K | — | View 990 |
| 2015 | $378K | $196K | $2.8M | $0 | — | View 990 |
| 2014 | $190K | $178K | $2.6M | $1 | — | View 990 |
| 2013 | $256K | $158K | $2.6M | $1 | — | View 990 |
| 2012 | $108K | $156K | $2.5M | $0 | — | View 990 |
| 2011 | $148K | $146K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $203K, expenses of $289K, and assets of $3.7M (revenue -49.5% year-over-year).
- 2022: Revenue of $401K, expenses of $307K, and assets of $3.8M (revenue -37.7% year-over-year).
- 2021: Revenue of $644K, expenses of $297K, and assets of $3.7M (revenue +54.4% year-over-year).
- 2020: Revenue of $417K, expenses of $251K, and assets of $3.3M (revenue +58.0% year-over-year).
- 2019: Revenue of $264K, expenses of $224K, and assets of $3.2M (revenue -30.3% year-over-year).
- 2015: Revenue of $378K, expenses of $196K, and assets of $2.8M (revenue +99.0% year-over-year).
- 2014: Revenue of $190K, expenses of $178K, and assets of $2.6M (revenue -25.7% year-over-year).
- 2013: Revenue of $256K, expenses of $158K, and assets of $2.6M (revenue +137.6% year-over-year).
- 2012: Revenue of $108K, expenses of $156K, and assets of $2.5M (revenue -27.5% year-over-year).
- 2011: Revenue of $148K, expenses of $146K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The William And Mildred Kaplan Foundation Inc:
Data Sources and Methodology
This transparency report for The William And Mildred Kaplan 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.