Konspicuous Foundation Inc

Nonprofit profile at a glance

EIN
853924552
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Charlotte, NC, USA
Phone
7046817550
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$101,750
Expenses
$102,002
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • RAYMOND WHITE (EXECUTIVE DIRECTOR)

People named in this filing

  • RAYMOND WHITE (EXECUTIVE DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our primary exempt purpose is to increase financial literacy and promote economic empowerment by providing accessible education, resources, and community-based programs that help individuals make informed and confident financial decisions.

What it reported doing in 2024

Financial literacy education [: amp:] workshops. Description: delivered a series of in-person and virtual financial literacy workshops designed to help individuals improve their understanding of budgeting credit savings and financial planning. The executive director devoted the majority of time to program development curriculum planning and community engagement. Sessions supported individuals from diverse backgrounds in making informed financial decisions.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 51
  • Transparency & Controls: 74
  • Sustainability: 23
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.8%; rating input score 51
  • Program expense ratio: 50.6%; rating input score 51

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -0.2%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 41.7% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 21.7% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: -65.4% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 50.8% of revenue deployed · 50.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $52K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.