Kalliath Family Foundation
Kalliath Family Foundation consistently operates with zero officer compensation and low expenses, growing assets to over $121,000.
EIN: 203974123 · Killen, AL · NTEE: T22 · Updated: 2026-03-28
Is Kalliath Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kalliath Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kalliath Family Foundation
Kalliath Family Foundation (EIN: 203974123) is a nonprofit organization based in Killen, AL, classified under NTEE code T22. The organization reported total revenue of $13K and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kalliath Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kalliath Family Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $9K |
| Surplus / Deficit | +$73K |
| Total Assets | $121K |
| Total Liabilities | $1 |
| Net Assets | $121K |
| Operating Margin | 89.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 167.0 months |
Financial Health Grade: A
In 2023, Kalliath Family Foundation reported a surplus of $73K with revenue exceeding expenses, holds 167.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +713.0% | -10.0% | +148.6% |
| 2022 | -23.1% | -26.8% | +0.6% |
| 2021 | +152.8% | +18.6% | -0.5% |
| 2020 | -49.8% | +36.7% | -11.0% |
| 2019 | +2.2% | -12.7% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Kalliath Family Foundation with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Kalliath Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $73K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with assets over $100,000.
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 Kalliath Family Foundation:
- Consistently reports 0% officer compensation across all filings.
- Maintains very low expenses relative to revenue (e.g., $8,730 expenses vs. $81,336 revenue in 202312).
- Demonstrates consistent asset growth, reaching $121,475 in 202312.
- Reports minimal liabilities ($1 across all filings), indicating strong financial stability.
- High program spending efficiency due to low overhead and no executive salaries.
Frequently Asked Questions about Kalliath Family Foundation
Is Kalliath Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kalliath Family Foundation (EIN: 203974123) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Kalliath Family Foundation spend its money?
Kalliath Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kalliath Family Foundation tax-deductible?
Kalliath Family Foundation is registered as a tax-exempt nonprofit (EIN: 203974123). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kalliath Family Foundation a good charity?
Based on its financial data, the Kalliath Family Foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains low expenses relative to revenue, and has grown its assets, indicating efficient use of funds and strong financial health.
How does Kalliath Family Foundation manage its expenses?
The foundation manages its expenses very efficiently. For example, in 202312, total expenses were only $8,730 against $81,336 in revenue. This suggests a strong focus on minimizing overhead and maximizing the impact of its funds.
What is the trend in the foundation's assets?
The foundation's assets have shown a positive growth trend, increasing from $53,511 in 201112 to $121,475 in 202312, demonstrating sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Kalliath Family Foundation showing financial trends over 10 years of public records:
Total assets increased by 127% over the same period, from $54K to $121K. Total functional expenses fell by 72.5%, from $32K to $9K. In its most recent filing year (2023), Kalliath Family Foundation reported a surplus of $73K, with revenue exceeding expenses. The organization holds $1 in liabilities against $121K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $121K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $9K | $121K | $1 | — | — |
| 2022 | $10K | $10K | $49K | $1 | — | View 990 |
| 2021 | $13K | $13K | $49K | $1 | — | — |
| 2020 | $5K | $11K | $49K | $1 | — | — |
| 2019 | $10K | $8K | $55K | $1 | — | View 990 |
| 2015 | $10K | $9K | $55K | $1 | — | View 990 |
| 2014 | $12K | $21K | $54K | $1 | — | View 990 |
| 2013 | $15K | $13K | $64K | $1 | — | View 990 |
| 2012 | $20K | $12K | $61K | $1 | — | View 990 |
| 2011 | $-451 | $32K | $54K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $9K, and assets of $121K (revenue +713.0% year-over-year).
- 2022: Revenue of $10K, expenses of $10K, and assets of $49K (revenue -23.1% year-over-year).
- 2021: Revenue of $13K, expenses of $13K, and assets of $49K (revenue +152.8% year-over-year).
- 2020: Revenue of $5K, expenses of $11K, and assets of $49K (revenue -49.8% year-over-year).
- 2019: Revenue of $10K, expenses of $8K, and assets of $55K (revenue +2.2% year-over-year).
- 2015: Revenue of $10K, expenses of $9K, and assets of $55K (revenue -16.7% year-over-year).
- 2014: Revenue of $12K, expenses of $21K, and assets of $54K (revenue -20.0% year-over-year).
- 2013: Revenue of $15K, expenses of $13K, and assets of $64K (revenue -25.5% year-over-year).
- 2012: Revenue of $20K, expenses of $12K, and assets of $61K.
- 2011: Revenue of $-451, expenses of $32K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kalliath Family Foundation:
Data Sources and Methodology
This transparency report for Kalliath Family 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.