Dr Kirti Jain Family Foundation Inc
Dr Kirti Jain Family Foundation consistently spends more than it earns, relying on its substantial asset base.
EIN: 201729881 · Ashland, KY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $598K |
| Total Expenses | $603K |
| Program Spending | 90% |
| Net Assets | $10.0M |
| Transparency Score | 75/100 |
Is Dr Kirti Jain Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dr Kirti Jain Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dr Kirti Jain Family Foundation Inc
Dr Kirti Jain Family Foundation Inc (EIN: 201729881) is a nonprofit organization based in Ashland, KY, classified under NTEE code T22. The organization reported total revenue of $598K and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dr Kirti Jain Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dr Kirti Jain Family Foundation Inc is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $476K |
| Total Expenses | $603K |
| Surplus / Deficit | $-126,782 |
| Total Assets | $10.5M |
| Total Liabilities | $539K |
| Net Assets | $10.0M |
| Operating Margin | -26.6% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 209.1 months |
Financial Health Grade: B
In 2023, Dr Kirti Jain Family Foundation Inc reported a deficit of $127K with expenses exceeding revenue, holds 209.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Dr Kirti Jain Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | +20.3% | -0.5% |
| 2022 | -15.7% | -4.1% | +0.5% |
| 2021 | +94.8% | -14.5% | +2.2% |
| 2020 | -31.8% | +0.1% | -5.2% |
| 2019 | +11.8% | -0.4% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Dr Kirti Jain Family Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Dr Kirti Jain Family Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 deficit of $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly favorable for financial efficiency.
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 Dr Kirti Jain Family Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 8 out of 10 periods)
- Declining asset base over the long term (from $11.1M in 2011 to $9.8M currently)
Strengths
The following positive indicators were identified for Dr Kirti Jain Family Foundation Inc:
- Strong asset base ($9,876,575) providing long-term stability
- Excellent transparency with 0% officer compensation reported across all filings
- Consistent filing history (10 filings) indicating good compliance
Frequently Asked Questions about Dr Kirti Jain Family Foundation Inc
Is Dr Kirti Jain Family Foundation Inc a legitimate charity?
Dr Kirti Jain Family Foundation Inc (EIN: 201729881) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $598K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Dr Kirti Jain Family Foundation Inc spend its money?
Dr Kirti Jain Family Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Dr Kirti Jain Family Foundation Inc tax-deductible?
Dr Kirti Jain Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201729881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Dr Kirti Jain Family Foundation Inc's spending goes to programs?
Dr Kirti Jain Family Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Dr Kirti Jain Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Dr Kirti Jain Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Dr Kirti Jain Family Foundation Inc located?
Dr Kirti Jain Family Foundation Inc is headquartered in Ashland, Kentucky and files with the IRS under EIN 201729881. It is classified under NTEE code T22.
How many years of IRS 990 filings does Dr Kirti Jain Family Foundation Inc have?
Dr Kirti Jain Family Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $598K in total revenue.
Is Dr Kirti Jain Family Foundation Inc a good charity?
The foundation exhibits strong financial transparency with 0% officer compensation and a substantial asset base. However, its consistent operational deficits, where expenses frequently exceed revenue (e.g., $603,000 expenses vs. $476,218 revenue in 2023), suggest a reliance on its endowment rather than sustainable annual income generation. As a private grantmaking foundation, its 'goodness' depends on the impact of its grants, which is not detailed in the provided financial data.
How does the foundation sustain itself with consistent deficits?
The foundation sustains itself by drawing from its substantial asset base, which currently stands at $9,876,575. Despite frequent operational deficits, such as the $126,782 deficit in 2023, its large endowment allows it to continue its activities.
What is the trend in the foundation's assets?
The foundation's assets have remained relatively stable over the years, fluctuating around the $10-11 million mark. While there has been a slight decrease from a high of $11,187,868 in 2011/2012 to $9,876,575 currently, it maintains a robust financial position.
Filing History
IRS 990 filing history for Dr Kirti Jain Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Dr Kirti Jain Family Foundation Inc's revenue has declined by 63.8%, moving from $1.3M to $476K. Total assets decreased by 6.1% over the same period, from $11.2M to $10.5M. Total functional expenses fell by 13.5%, from $697K to $603K. In its most recent filing year (2023), Dr Kirti Jain Family Foundation Inc reported a deficit of $127K, with expenses exceeding revenue. The organization holds $539K in liabilities against $10.5M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $476K | $603K | $10.5M | $539K | — | — |
| 2022 | $435K | $501K | $10.6M | $469K | — | View 990 |
| 2021 | $516K | $523K | $10.5M | $343K | — | View 990 |
| 2020 | $265K | $611K | $10.3M | $101K | — | View 990 |
| 2019 | $388K | $611K | $10.8M | $318K | — | — |
| 2015 | $347K | $613K | $9.9M | $1 | — | View 990 |
| 2014 | $858K | $1.0M | $10.2M | $1 | — | View 990 |
| 2013 | $528K | $1.2M | $10.3M | $1 | — | View 990 |
| 2012 | $1.3M | $697K | $11.2M | $0 | — | View 990 |
| 2011 | $1.3M | $697K | $11.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $476K, expenses of $603K, and assets of $10.5M (revenue +9.5% year-over-year).
- 2022: Revenue of $435K, expenses of $501K, and assets of $10.6M (revenue -15.7% year-over-year).
- 2021: Revenue of $516K, expenses of $523K, and assets of $10.5M (revenue +94.8% year-over-year).
- 2020: Revenue of $265K, expenses of $611K, and assets of $10.3M (revenue -31.8% year-over-year).
- 2019: Revenue of $388K, expenses of $611K, and assets of $10.8M (revenue +11.8% year-over-year).
- 2015: Revenue of $347K, expenses of $613K, and assets of $9.9M (revenue -59.5% year-over-year).
- 2014: Revenue of $858K, expenses of $1.0M, and assets of $10.2M (revenue +62.5% year-over-year).
- 2013: Revenue of $528K, expenses of $1.2M, and assets of $10.3M (revenue -59.9% year-over-year).
- 2012: Revenue of $1.3M, expenses of $697K, and assets of $11.2M (revenue +0.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $697K, and assets of $11.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dr Kirti Jain Family Foundation Inc:
Data Sources and Methodology
This transparency report for Dr Kirti Jain Family Foundation 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.