Educate Lanka Foundation Inc
EIN: 261472911 · Gaithersburg, MD · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $141K |
| Total Expenses | $261K |
| Net Assets | $282K |
Is Educate Lanka Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Educate Lanka Foundation Inc
Educate Lanka Foundation Inc (EIN: 261472911) is a nonprofit organization based in Gaithersburg, MD, classified under NTEE code B82. The organization reported total revenue of $141K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educate Lanka Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educate Lanka Foundation Inc is a small nonprofit that has been operating for 13 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 10.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $261K |
| Surplus / Deficit | $-160,828 |
| Total Assets | $284K |
| Total Liabilities | $2K |
| Net Assets | $282K |
| Operating Margin | -160.5% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 13.1 months |
Financial Health Grade: B
In 2023, Educate Lanka Foundation Inc reported a deficit of $161K with expenses exceeding revenue, holds 13.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 16 years of filings (2008–2023), Educate Lanka Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.0% | +22.4% | -35.6% |
| 2022 | +67.3% | +78.8% | -16.2% |
| 2021 | -86.7% | +35.6% | -7.3% |
| 2020 | +362.2% | -19.5% | +960.3% |
| 2019 | +55.4% | -10.9% | +61.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Educate Lanka Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Educate Lanka Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $161K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Educate Lanka Foundation Inc
Is Educate Lanka Foundation Inc a legitimate charity?
Educate Lanka Foundation Inc (EIN: 261472911) is a registered tax-exempt nonprofit based in Maryland. It has 16 years of IRS 990 filings on record. Total revenue: $141K. No red flags identified. Financial health grade: B.
How does Educate Lanka Foundation Inc spend its money?
Educate Lanka Foundation Inc reported $141K in total revenue in IRS 990 filings. 16 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Educate Lanka Foundation Inc tax-deductible?
Educate Lanka Foundation Inc is registered as a tax-exempt nonprofit (EIN: 261472911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Educate Lanka Foundation Inc located?
Educate Lanka Foundation Inc is headquartered in Gaithersburg, Maryland and files with the IRS under EIN 261472911. It is classified under NTEE code B82.
How many years of IRS 990 filings does Educate Lanka Foundation Inc have?
Educate Lanka Foundation Inc has 16 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 $141K in total revenue.
Filing History
IRS 990 filing history for Educate Lanka Foundation Inc showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Educate Lanka Foundation Inc's revenue has grown by 334.3%, moving from $23K to $100K. Total assets increased by 2594% over the same period, from $11K to $284K. Total functional expenses rose by 1361.7%, from $18K to $261K. In its most recent filing year (2023), Educate Lanka Foundation Inc reported a deficit of $161K, with expenses exceeding revenue. The organization holds $2K in liabilities against $284K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $282K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $261K | $284K | $2K | — | — |
| 2022 | $134K | $213K | $441K | $2K | — | View 990 |
| 2021 | $80K | $119K | $527K | $8K | — | View 990 |
| 2020 | $600K | $88K | $568K | $10K | — | View 990 |
| 2019 | $130K | $109K | $54K | $0 | — | — |
| 2018 | $84K | $123K | $33K | $0 | — | View 990 |
| 2017 | $135K | $187K | $72K | $0 | — | View 990 |
| 2016 | $78K | $146K | $124K | $0 | — | View 990 |
| 2015 | $329K | $171K | $192K | $0 | — | View 990 |
| 2014 | $105K | $101K | $55K | $0 | — | View 990 |
| 2013 | $102K | $103K | $50K | $0 | — | View 990 |
| 2012 | $49K | $36K | $51K | $0 | — | View 990 |
| 2011 | $22K | $29K | $38K | $0 | — | — |
| 2010 | $39K | $10K | $45K | $0 | — | View 990 |
| 2009 | $35K | $30K | $15K | $0 | — | View 990 |
| 2008 | $23K | $18K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $261K, and assets of $284K (revenue -25.0% year-over-year).
- 2022: Revenue of $134K, expenses of $213K, and assets of $441K (revenue +67.3% year-over-year).
- 2021: Revenue of $80K, expenses of $119K, and assets of $527K (revenue -86.7% year-over-year).
- 2020: Revenue of $600K, expenses of $88K, and assets of $568K (revenue +362.2% year-over-year).
- 2019: Revenue of $130K, expenses of $109K, and assets of $54K (revenue +55.4% year-over-year).
- 2018: Revenue of $84K, expenses of $123K, and assets of $33K (revenue -38.3% year-over-year).
- 2017: Revenue of $135K, expenses of $187K, and assets of $72K (revenue +74.4% year-over-year).
- 2016: Revenue of $78K, expenses of $146K, and assets of $124K (revenue -76.4% year-over-year).
- 2015: Revenue of $329K, expenses of $171K, and assets of $192K (revenue +211.6% year-over-year).
- 2014: Revenue of $105K, expenses of $101K, and assets of $55K (revenue +3.1% year-over-year).
- 2013: Revenue of $102K, expenses of $103K, and assets of $50K (revenue +109.1% year-over-year).
- 2012: Revenue of $49K, expenses of $36K, and assets of $51K (revenue +124.6% year-over-year).
- 2011: Revenue of $22K, expenses of $29K, and assets of $38K (revenue -44.8% year-over-year).
- 2010: Revenue of $39K, expenses of $10K, and assets of $45K (revenue +13.9% year-over-year).
- 2009: Revenue of $35K, expenses of $30K, and assets of $15K (revenue +50.2% year-over-year).
- 2008: Revenue of $23K, expenses of $18K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educate Lanka Foundation Inc:
Data Sources and Methodology
This transparency report for Educate Lanka 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.