Is Keramida Foundation For Educationand Art Inc Legit?
Quick charity verification for Keramida Foundation For Educationand Art Inc (EIN: 208185683)
Verdict: Keramida Foundation For Educationand Art Inc appears trustworthy
85/100Mission Score
$100KRevenue
$180KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program, admin, fundraising) in public filings.
Strengths
Consistent revenue growth, from $50,000 in 2019 to $200,000 in 2023.
Significant asset growth, reaching $237,949 in 2023.
Extremely low liabilities ($1 across all periods), indicating strong financial health.
No reported officer compensation, suggesting efficient use of funds for mission.
Positive net income in most years, contributing to financial stability.
Spending Breakdown
How Keramida Foundation For Educationand Art Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Keramida Foundation For Educationand Art Inc
Is Keramida Foundation For Educationand Art Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Keramida Foundation For Educationand Art Inc (EIN: 208185683) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Keramida Foundation For Educationand Art Inc a good charity to donate to?
Keramida Foundation For Educationand Art Inc has a Mission Score of 85/100. Revenue: $100K. Assets: $180K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Keramida Foundation For Educationand Art Inc?
The Employer Identification Number (EIN) for Keramida Foundation For Educationand Art Inc is 208185683. 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 Keramida Foundation For Educationand Art Inc spend its money?
Keramida Foundation For Educationand Art Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Keramida Foundation For Educationand Art Inc's tax-exempt status?
You can verify Keramida Foundation For Educationand Art Inc's tax-exempt status using EIN 208185683 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 Keramida Foundation For Educationand Art Inc demonstrates a generally healthy financial position with consistent revenue growth and increasing assets over the past five years. In 2023, the organization reported $200,000 in revenue against $50,704 in expenses, indicating a significant surplus that contributed to its asset growth to $237,949. This trend of revenue exceeding expenses is positive, suggesting sound financial management and an ability to build reserves. The organization's liabilities have remained consistently low at $1 across all reported periods, which is a strong indicator of financial stability and minimal debt burden.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the overall expense ratio relative to revenue appears favorable, particularly in 2023 where expenses were only about 25% of revenue. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation below reporting thresholds, which can be a positive sign for donor confidence regarding executive pay.
In terms of transparency, the consistent filing of IRS Form 990s over five periods is a good practice. The lack of reported officer compensation is a notable point for transparency, as it indicates that a significant portion of funds is not being allocated to executive salaries. However, without more granular expense data, a full assessment of how funds are allocated across programs, administration, and fundraising is limited. The organization's NTEE code A25 (Education, Arts & Culture) aligns with its name, suggesting a clear mission focus.