K-love & Air1 Foundation
Only null% goes to programs Strong reserves Declining revenue
K-love & Air1 Foundation is a 501(c)(3) organization based in Franklin, Tennessee, registered in 2009, with $328,960 in FY2024 revenue. CharityIndex grades it D.
2000 Reams Fleming Blvd, Franklin, TN, 37064 EIN 26-6579467 Since 2009
Revenue (FY2024)
$329K
▼ 76.0% vs prior year
Education median: $200K
Expenses (FY2024)
$521K
Net assets
$823K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for K-love & Air1 Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating19 mo reserves · -58% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For K-love & Air1 Foundation: 19 mo reserves · -58% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for K-love & Air1 Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For K-love & Air1 Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2000 Reams Fleming Blvd, Franklin, TN, 37064
- City
- Franklin
- State
- Tennessee
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $111K (FY2013) to $329K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $393KNet assets $823K
Operating margin
-58.3%
Spent more than it raised in the latest fiscal year.
Total assets
$1.2M
Total liabilities
$393K
Net assets
$823K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $328,960▼76.0% | $520,660▼72.3% | $823,038▼18.9% | $1,215,778▼21.1% | 990 |
| 2023 | $1,369,468▼8.0% | $1,878,694▲37.2% | $1,014,738▼73.1% | $1,541,250▼61.1% | 990 |
| 2022 | $1,487,883▲11.9% | $1,369,480▼2.1% | $3,773,861▲3.6% | $3,957,051▲1.4% | 990 |
| 2021 | $1,329,742▲90.3% | $1,398,413▼10.8% | $3,643,959▼1.6% | $3,903,080▼0.3% | 990 |
| 2020 | $698,937▲255% | $1,566,980▲259% | $3,703,629▼5.4% | $3,914,152▼5.9% | 990 |
| 2019 | $197,028 | $436,676▲17367% | $3,913,032▲3912932% | $4,159,105▲4159005% | 990 |
| 2018 | $0 | $2,500▼83.0% | $100 | $100 | 990 |
| 2017 | $0▼100% | $14,711▼48.6% | $100▼97.6% | $100▼97.6% | 990 |
| 2016 | $12▼99.1% | $28,644▼33.1% | $4,174▼80.4% | $4,174▼80.4% | 990 |
| 2015 | $1,317▼64.1% | $42,785▼23.4% | $21,289▼60.9% | $21,289▼60.9% | 990 |
| 2014 | $3,667▼96.7% | $55,860▼88.9% | $54,471▼44.5% | $54,471▼44.5% | 990 |
| 2013 | $110,549 | $502,101▲284% | $98,107▼79.2% | $98,107▼79.2% | 990 |
| 2012 | — | $130,649▼70.3% | $471,978▼91.3% | $471,978▼91.3% | 990 |
| 2011 | — | $440,356▲632% | $5,456,124 | $5,456,124 | 990 |
| 2010 | — | $60,183 | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $970K total
19 grants to K-love & Air1 Foundation totaling $970K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $121,784 |
| American Online Giving Foundation Inc | General support | 2023 | $152,084 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $42,700 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $5,200 |
| American Online Giving Foundation Inc | General support | 2022 | $140,824 |
| The Blackbaud Giving Fund | General support | 2022 | $60,090 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $44,000 |
| American Online Giving Foundation Inc | General support | 2021 | $94,243 |
| National Philanthropic Tr | Education | 2021 | $48,250 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $35,500 |
| Bright Funds Foundation | General purpose | 2021 | $7,075 |
| American Online Giving Foundation Inc | General support | 2020 | $48,726 |
| American Online Giving Foundation Inc | General support | 2020 | $48,726 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $21,500 |
| United Way Worldwide | General charitable operations | 2020 | $11,697 |
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Frequently asked questions
- Is K-love & Air1 Foundation a legitimate nonprofit?
- Yes. K-love & Air1 Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-6579467, based in Franklin, Tennessee. Donations are tax-deductible.
- What is K-love & Air1 Foundation's EIN?
- K-love & Air1 Foundation's Employer Identification Number (EIN) is 26-6579467.
- How much revenue does K-love & Air1 Foundation report?
- K-love & Air1 Foundation reported $328,960 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does K-love & Air1 Foundation have?
- CharityIndex grades K-love & Air1 Foundation D, based on financial health (reserves and operating margin).
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Explore more
Data for K-love & Air1 Foundation (EIN 26-6579467) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.