Strong asset growth over time (from $477,163 in 2014 to $1,401,948 in 2023)
Consistently reports 0% officer compensation, suggesting high efficiency and volunteer leadership
Low liabilities relative to assets, indicating financial stability (e.g., $6,228 liabilities vs. $1,401,948 assets in 2023)
Long history of consistent IRS 990 filings (13 filings), demonstrating transparency
Spending Breakdown
How Ashakiran Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ashakiran Inc
Is Ashakiran Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ashakiran Inc (EIN: 204262021) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Ashakiran Inc a good charity to donate to?
Ashakiran Inc has a Mission Score of 92/100. Revenue: $1.2M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ashakiran Inc?
The Employer Identification Number (EIN) for Ashakiran Inc is 204262021. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ashakiran Inc spend its money?
Ashakiran Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ashakiran Inc's tax-exempt status?
You can verify Ashakiran Inc's tax-exempt status using EIN 204262021 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Ashakiran Inc demonstrates consistent financial health with stable revenue streams, averaging over $1 million annually in recent years. The organization consistently operates with a surplus, as seen in 2023 with revenues of $1,207,092 against expenses of $1,204,408, contributing to a healthy growth in assets from $477,163 in 2014 to $1,401,948 in 2023. This indicates sound financial management and an ability to build reserves. The organization's liabilities are consistently low relative to its assets, suggesting a strong balance sheet and minimal financial risk.
Spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation is a positive indicator of resource allocation.
Transparency is high regarding executive compensation, as the organization consistently reports 0% officer compensation. This level of transparency regarding leadership costs is commendable. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to public accountability and financial disclosure.