Ashakiran Inc
Ashakiran Inc consistently operates with a surplus and reports no officer compensation.
EIN: 204262021 · Huntsville, AL · NTEE: P84 · Updated: 2026-03-28
Is Ashakiran Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ashakiran Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ashakiran Inc
Ashakiran Inc (EIN: 204262021) is a nonprofit organization based in Huntsville, AL, classified under NTEE code P84. The organization reported total revenue of $1.2M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashakiran Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashakiran Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$3K |
| Total Assets | $1.4M |
| Total Liabilities | $6K |
| Net Assets | $1.4M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 14.0 months |
Financial Health Grade: A
In 2023, Ashakiran Inc reported a surplus of $3K with revenue exceeding expenses, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ashakiran Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.0% | +2.4% | +0.6% |
| 2022 | -17.2% | +5.8% | +3.9% |
| 2021 | +37.5% | +6.4% | +40.3% |
| 2020 | -9.9% | +2.2% | -17.3% |
| 2019 | +23.7% | +14.0% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ashakiran Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Ashakiran Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Ashakiran Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or very lean leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ashakiran Inc's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided data (though 0% officer comp is positive)
Strengths
The following positive indicators were identified for Ashakiran Inc:
- Consistent financial surplus, indicating sound management (e.g., $2,684 surplus in 2023)
- 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
Frequently Asked Questions about Ashakiran Inc
Is Ashakiran Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ashakiran Inc (EIN: 204262021) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Ashakiran Inc spend its money?
Ashakiran Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ashakiran Inc tax-deductible?
Ashakiran Inc is registered as a tax-exempt nonprofit (EIN: 204262021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ashakiran Inc a good charity?
Based on the provided financial data, Ashakiran Inc appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, suggesting a strong focus on its mission and efficient use of funds.
How has Ashakiran Inc's financial health changed over time?
Ashakiran Inc has shown significant financial growth and stability. Its revenue has grown from $126,075 in 2014 to over $1.2 million in 2023, and its assets have more than tripled from $477,163 to $1,401,948 in the same period, indicating robust financial health and expansion.
What is Ashakiran Inc's approach to executive compensation?
Ashakiran Inc's approach to executive compensation is highly notable as it consistently reports 0% officer compensation across all 13 available filings, implying that its leadership is entirely volunteer-based or compensated through other means not classified as officer compensation.
Filing History
IRS 990 filing history for Ashakiran Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ashakiran Inc's revenue has grown by 1803.5%, moving from $63K to $1.2M. Total assets increased by 287.2% over the same period, from $362K to $1.4M. Total functional expenses rose by 12427.6%, from $10K to $1.2M. In its most recent filing year (2023), Ashakiran Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $6K in liabilities against $1.4M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $1.4M | $6K | — | — |
| 2022 | $1.2M | $1.2M | $1.4M | $11K | — | — |
| 2021 | $1.5M | $1.1M | $1.3M | $27K | — | View 990 |
| 2020 | $1.1M | $1.0M | $956K | $18K | — | View 990 |
| 2019 | $1.2M | $1.0M | $1.2M | $24K | — | View 990 |
| 2018 | $970K | $896K | $1.0M | $68K | — | View 990 |
| 2017 | $890K | $720K | $905K | $25K | — | View 990 |
| 2016 | $715K | $555K | $816K | $61K | — | View 990 |
| 2015 | $309K | $201K | $647K | $51K | — | View 990 |
| 2014 | $126K | $121K | $477K | $26K | — | View 990 |
| 2013 | $109K | $52K | $539K | $101K | — | View 990 |
| 2012 | $100K | $24K | $408K | $27K | — | View 990 |
| 2011 | $63K | $10K | $362K | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue -2.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue -17.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.1M, and assets of $1.3M (revenue +37.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.0M, and assets of $956K (revenue -9.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.0M, and assets of $1.2M (revenue +23.7% year-over-year).
- 2018: Revenue of $970K, expenses of $896K, and assets of $1.0M (revenue +9.0% year-over-year).
- 2017: Revenue of $890K, expenses of $720K, and assets of $905K (revenue +24.5% year-over-year).
- 2016: Revenue of $715K, expenses of $555K, and assets of $816K (revenue +131.5% year-over-year).
- 2015: Revenue of $309K, expenses of $201K, and assets of $647K (revenue +144.9% year-over-year).
- 2014: Revenue of $126K, expenses of $121K, and assets of $477K (revenue +15.9% year-over-year).
- 2013: Revenue of $109K, expenses of $52K, and assets of $539K (revenue +8.3% year-over-year).
- 2012: Revenue of $100K, expenses of $24K, and assets of $408K (revenue +58.4% year-over-year).
- 2011: Revenue of $63K, expenses of $10K, and assets of $362K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashakiran Inc:
Data Sources and Methodology
This transparency report for Ashakiran Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.