Howard Karagheusian Comm Corp
Howard Karagheusian Comm Corp consistently spends more than it earns, drawing down on its $30M asset base.
EIN: 136149578 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $3.2M |
| Program Spending | 80% |
| Net Assets | $29.9M |
| Transparency Score | 65/100 |
Is Howard Karagheusian Comm Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Howard Karagheusian Comm Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Howard Karagheusian Comm Corp
Howard Karagheusian Comm Corp (EIN: 136149578) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.6M and total assets of $30.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Howard Karagheusian Comm Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Howard Karagheusian Comm Corp is a mid-size nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-2,005,577 |
| Total Assets | $29.9M |
| Total Liabilities | $1 |
| Net Assets | $29.9M |
| Operating Margin | -174.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 113.6 months |
Financial Health Grade: B
In 2023, Howard Karagheusian Comm Corp reported a deficit of $2.0M with expenses exceeding revenue, holds 113.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Howard Karagheusian Comm Corp's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.0% | +0.4% | -6.3% |
| 2022 | -75.8% | -18.6% | -6.8% |
| 2021 | +44.3% | -3.2% | -1.2% |
| 2020 | -40.7% | -2.2% | -4.4% |
| 2019 | +6.6% | +40.4% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Howard Karagheusian Comm Corp with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Howard Karagheusian Comm Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is categorized under other expense lines, which would require further investigation for full transparency.
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 Howard Karagheusian Comm Corp's IRS 990 filings:
- Consistent operational deficits, with expenses significantly exceeding revenue in most reported periods (e.g., 202312: Revenue $1.15M, Expenses $3.16M).
- Declining asset base over recent years, from $36.2M in 201912 to $29.87M in 202312, indicating reliance on reserves.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full financial transparency assessment.
Strengths
The following positive indicators were identified for Howard Karagheusian Comm Corp:
- Very low liabilities, consistently reported as $1-$3 in recent filings, indicating strong debt management.
- Substantial asset base of over $30 million, providing a significant financial cushion despite operational deficits.
- No reported officer compensation, potentially indicating a highly efficient or volunteer-led executive structure.
Frequently Asked Questions about Howard Karagheusian Comm Corp
Is Howard Karagheusian Comm Corp a legitimate charity?
Howard Karagheusian Comm Corp (EIN: 136149578) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.6M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Howard Karagheusian Comm Corp spend its money?
Howard Karagheusian Comm Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Howard Karagheusian Comm Corp tax-deductible?
Howard Karagheusian Comm Corp is registered as a tax-exempt nonprofit (EIN: 136149578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Howard Karagheusian Comm Corp's spending goes to programs?
Howard Karagheusian Comm Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Howard Karagheusian Comm Corp located?
Howard Karagheusian Comm Corp is headquartered in New York, New York and files with the IRS under EIN 136149578.
How many years of IRS 990 filings does Howard Karagheusian Comm Corp have?
Howard Karagheusian Comm Corp 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 $5.6M in total revenue.
How does Howard Karagheusian Comm Corp sustain its operations with consistent deficits?
The organization appears to sustain its operations by drawing down on its significant asset base, which has decreased from over $36 million in 2019 to under $30 million in 2023, as its expenses consistently exceed its revenue.
What is the breakdown of expenses into program, administrative, and fundraising costs?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency. However, the absence of officer compensation suggests a potentially lean administrative structure.
Why has the organization's asset base been declining?
The organization's asset base has been declining due to its consistent pattern of spending more than it generates in revenue, as seen in the 202312 filing where expenses were $3,156,608 against revenue of $1,151,031, leading to a reduction in net assets.
Filing History
IRS 990 filing history for Howard Karagheusian Comm Corp showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Howard Karagheusian Comm Corp's revenue has declined by 33.3%, moving from $1.7M to $1.2M. Total assets decreased by 9.1% over the same period, from $32.9M to $29.9M. Total functional expenses rose by 0.8%, from $3.1M to $3.2M. In its most recent filing year (2023), Howard Karagheusian Comm Corp reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $1 in liabilities against $29.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $29.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $3.2M | $29.9M | $1 | — | View 990 |
| 2022 | $834K | $3.1M | $31.9M | $1 | — | View 990 |
| 2021 | $3.4M | $3.9M | $34.2M | $1 | — | View 990 |
| 2020 | $2.4M | $4.0M | $34.6M | $3 | — | View 990 |
| 2019 | $4.0M | $4.1M | $36.2M | $1 | — | View 990 |
| 2015 | $3.8M | $2.9M | $31.9M | $1 | — | View 990 |
| 2014 | $2.3M | $3.4M | $31.4M | $0 | — | View 990 |
| 2013 | $2.2M | $3.5M | $32.5M | $3K | — | View 990 |
| 2012 | $4.3M | $3.2M | $33.9M | $2K | — | View 990 |
| 2011 | $1.7M | $3.1M | $32.9M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $3.2M, and assets of $29.9M (revenue +38.0% year-over-year).
- 2022: Revenue of $834K, expenses of $3.1M, and assets of $31.9M (revenue -75.8% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.9M, and assets of $34.2M (revenue +44.3% year-over-year).
- 2020: Revenue of $2.4M, expenses of $4.0M, and assets of $34.6M (revenue -40.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $4.1M, and assets of $36.2M (revenue +6.6% year-over-year).
- 2015: Revenue of $3.8M, expenses of $2.9M, and assets of $31.9M (revenue +65.8% year-over-year).
- 2014: Revenue of $2.3M, expenses of $3.4M, and assets of $31.4M (revenue +5.7% year-over-year).
- 2013: Revenue of $2.2M, expenses of $3.5M, and assets of $32.5M (revenue -49.5% year-over-year).
- 2012: Revenue of $4.3M, expenses of $3.2M, and assets of $33.9M (revenue +147.3% year-over-year).
- 2011: Revenue of $1.7M, expenses of $3.1M, and assets of $32.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Howard Karagheusian Comm Corp:
Data Sources and Methodology
This transparency report for Howard Karagheusian Comm Corp 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.