Quick charity verification for Irfan Kathwari Foundation Inc (EIN: 133681135)
Verdict: Irfan Kathwari Foundation Inc appears trustworthy
92/100Mission Score
$6.9MRevenue
$22.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent growth in assets, from $5,093,875 in 2011 to $22,859,284 currently.
Very low expenses relative to revenue, indicating high operational efficiency (e.g., $572,486 expenses vs. $3,088,841 revenue in 2022).
No reported officer compensation across all filings, suggesting volunteer leadership or highly efficient compensation structures.
Strong revenue growth, particularly in recent years, demonstrating effective fundraising.
Minimal liabilities reported in most periods, indicating sound financial management.
Spending Breakdown
How Irfan Kathwari Foundation 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 Irfan Kathwari Foundation Inc
Is Irfan Kathwari Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Irfan Kathwari Foundation Inc (EIN: 133681135) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Irfan Kathwari Foundation Inc a good charity to donate to?
Irfan Kathwari Foundation Inc has a Mission Score of 92/100. Revenue: $6.9M. Assets: $22.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Irfan Kathwari Foundation Inc?
The Employer Identification Number (EIN) for Irfan Kathwari Foundation Inc is 133681135. 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 Irfan Kathwari Foundation Inc spend its money?
Irfan Kathwari Foundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Irfan Kathwari Foundation Inc's tax-exempt status?
You can verify Irfan Kathwari Foundation Inc's tax-exempt status using EIN 133681135 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
The Irfan Kathwari Foundation Inc. demonstrates strong financial health and a commendable commitment to program spending. Over the past several years, the organization has consistently reported significantly higher revenues than expenses, leading to substantial growth in its asset base, from $5,093,875 in 2011 to $22,859,284 currently. This indicates effective fundraising and prudent financial management, allowing for the accumulation of reserves that can support future initiatives.
The foundation's spending efficiency appears very high, with expenses consistently representing a small fraction of its revenue. For instance, in 2022, with revenue of $3,088,841, expenses were only $572,486. This suggests a lean operational structure and a focus on maximizing the impact of donations. The absence of reported officer compensation further enhances its transparency and efficiency profile, indicating that leadership may be voluntary or compensated through other means not reported as officer compensation on the 990.
Overall, the Irfan Kathwari Foundation Inc. exhibits strong financial stewardship, a clear focus on its mission as evidenced by low overhead, and a high degree of transparency regarding executive compensation. Its growing asset base provides a solid foundation for sustained philanthropic activities.