Ida C Koran Foundation
EIN: 472539264 · Milwaukee, WI · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $982K |
| Total Expenses | $227K |
| Net Assets | $2.7M |
Is Ida C Koran Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ida C Koran Foundation
Ida C Koran Foundation (EIN: 472539264) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code P60. The organization reported total revenue of $982K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ida C Koran Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ida C Koran Foundation is a small nonprofit that has been operating for 9 years, with 9 years of IRS 990 filings on record (2014–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $90K |
| Total Expenses | $227K |
| Surplus / Deficit | $-137,002 |
| Total Assets | $2.7M |
| Net Assets | $2.7M |
| Operating Margin | -152.4% |
| Months of Reserves | 143.8 months |
Financial Health Grade: B
In 2023, Ida C Koran Foundation reported a deficit of $137K with expenses exceeding revenue, holds 143.8 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.0% | +3.5% | -4.8% |
| 2022 | -25.9% | +552.7% | +16.9% |
| 2020 | -32.5% | -73.5% | +14.2% |
| 2019 | +54.5% | +382.3% | +21.0% |
| 2018 | -70.4% | -68.4% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ida C Koran Foundation 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 Ida C Koran Foundation 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 $137K, with expenses exceeding revenue.
Frequently Asked Questions about Ida C Koran Foundation
Is Ida C Koran Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ida C Koran Foundation (EIN: 472539264) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ida C Koran Foundation spend its money?
Detailed spending breakdown data is not yet available for Ida C Koran Foundation. Check back for updated IRS 990 analysis.
Are donations to Ida C Koran Foundation tax-deductible?
Ida C Koran Foundation is registered as a tax-exempt nonprofit (EIN: 472539264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ida C Koran Foundation located?
Ida C Koran Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 472539264. It is classified under NTEE code P60.
How many years of IRS 990 filings does Ida C Koran Foundation have?
Ida C Koran Foundation has 9 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 $982K in total revenue.
Filing History
IRS 990 filing history for Ida C Koran Foundation showing financial trends over 9 years of public records:
Total assets increased by 271870700% over the same period, from $1 to $2.7M. In its most recent filing year (2023), Ida C Koran Foundation reported a deficit of $137K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $90K | $227K | $2.7M | $0 | — | — |
| 2022 | $250K | $219K | $2.9M | $0 | — | View 990 |
| 2020 | $337K | $34K | $2.4M | $0 | — | View 990 |
| 2019 | $499K | $127K | $2.1M | $0 | — | View 990 |
| 2018 | $323K | $26K | $1.8M | $0 | — | View 990 |
| 2017 | $1.1M | $83K | $1.4M | $0 | — | View 990 |
| 2016 | $1.0M | $44K | $970K | $0 | — | View 990 |
| 2015 | $0 | $0 | $1 | $0 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $90K, expenses of $227K, and assets of $2.7M (revenue -64.0% year-over-year).
- 2022: Revenue of $250K, expenses of $219K, and assets of $2.9M (revenue -25.9% year-over-year).
- 2020: Revenue of $337K, expenses of $34K, and assets of $2.4M (revenue -32.5% year-over-year).
- 2019: Revenue of $499K, expenses of $127K, and assets of $2.1M (revenue +54.5% year-over-year).
- 2018: Revenue of $323K, expenses of $26K, and assets of $1.8M (revenue -70.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $83K, and assets of $1.4M (revenue +7.6% year-over-year).
- 2016: Revenue of $1.0M, expenses of $44K, and assets of $970K.
- 2015: Revenue of $0, expenses of $0, and assets of $1.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ida C Koran Foundation:
Data Sources and Methodology
This transparency report for Ida C Koran Foundation 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.