Irfan Kathwari Foundation Inc
Irfan Kathwari Foundation Inc. consistently grows assets with low expenses and no reported officer compensation.
EIN: 133681135 · Larchmont, NY · Updated: 2026-03-28
Is Irfan Kathwari Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Irfan Kathwari Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Irfan Kathwari Foundation Inc
Irfan Kathwari Foundation Inc (EIN: 133681135) is a nonprofit organization based in Larchmont, NY. The organization reported total revenue of $6.9M and total assets of $22.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Irfan Kathwari Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Irfan Kathwari Foundation 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, Irfan Kathwari Foundation 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.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership may be entirely volunteer-based or compensated through means not categorized as officer compensation on the 990, which is a positive sign for donor confidence and 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.
Strengths
The following positive indicators were identified for Irfan Kathwari Foundation Inc:
- Consistent growth in assets, from $5,093,875 in 2011 to $22,859,284 currently.
- Very low expenses relative to revenue, indicating high operational efficiency (e.g., $572,486 expenses vs. $3,088,841 revenue in 2022).
- No reported officer compensation across all filings, suggesting volunteer leadership or highly efficient compensation structures.
- Strong revenue growth, particularly in recent years, demonstrating effective fundraising.
- Minimal liabilities reported in most periods, indicating sound financial management.
Frequently Asked Questions about Irfan Kathwari Foundation Inc
Is Irfan Kathwari Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Irfan Kathwari Foundation Inc (EIN: 133681135) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Irfan Kathwari Foundation Inc spend its money?
Irfan Kathwari Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Irfan Kathwari Foundation Inc tax-deductible?
Irfan Kathwari Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133681135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Irfan Kathwari Foundation Inc. a good charity?
Based on its financial data, the Irfan Kathwari Foundation Inc. appears to be a very good charity. It consistently maintains low expenses relative to revenue, has a growing asset base, and reports no officer compensation, all of which are strong indicators of efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Its assets have grown from $5,093,875 in 2011 to $22,859,284 currently, and its revenue has seen substantial increases, particularly in recent years, reaching $3,088,841 in 2022.
What is the organization's spending efficiency?
The organization demonstrates high spending efficiency. For example, in 2022, expenses were only $572,486 against revenues of $3,088,841, indicating that a large portion of its income is retained or directly applied to its mission rather than being consumed by overhead.
Filing History
IRS 990 filing history for Irfan Kathwari Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2022), Irfan Kathwari Foundation Inc's revenue has grown by 1700.3%, moving from $172K to $3.1M. Total assets increased by 237.2% over the same period, from $5.1M to $17.2M. Total functional expenses rose by 89.1%, from $303K to $572K. In its most recent filing year (2022), Irfan Kathwari Foundation Inc reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $90K in liabilities against $17.2M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $17.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $3.1M | $572K | $17.2M | $90K | — | View 990 |
| 2021 | $1.4M | $537K | $14.7M | $120K | — | View 990 |
| 2020 | $1.4M | $435K | $13.7M | $1 | — | View 990 |
| 2019 | $1.2M | $488K | $12.8M | $1 | — | View 990 |
| 2014 | $412K | $310K | $5.3M | $1 | — | View 990 |
| 2013 | $489K | $268K | $5.2M | $1 | — | View 990 |
| 2012 | $223K | $283K | $5.0M | $1 | — | View 990 |
| 2011 | $172K | $303K | $5.1M | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.1M, expenses of $572K, and assets of $17.2M (revenue +117.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $537K, and assets of $14.7M (revenue +4.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $435K, and assets of $13.7M (revenue +13.1% year-over-year).
- 2019: Revenue of $1.2M, expenses of $488K, and assets of $12.8M (revenue +193.6% year-over-year).
- 2014: Revenue of $412K, expenses of $310K, and assets of $5.3M (revenue -15.7% year-over-year).
- 2013: Revenue of $489K, expenses of $268K, and assets of $5.2M (revenue +119.6% year-over-year).
- 2012: Revenue of $223K, expenses of $283K, and assets of $5.0M (revenue +29.8% year-over-year).
- 2011: Revenue of $172K, expenses of $303K, and assets of $5.1M.
Data Sources and Methodology
This transparency report for Irfan Kathwari 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.