Kanchi Kamakoti Seva Foundation Inc
Kanchi Kamakoti Seva Foundation Inc consistently operates with no officer compensation and zero liabilities, showing stable financial management.
EIN: 113021017 · Chandler, AZ · NTEE: X700 · Updated: 2026-03-28
Is Kanchi Kamakoti Seva Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kanchi Kamakoti Seva Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kanchi Kamakoti Seva Foundation Inc
Kanchi Kamakoti Seva Foundation Inc (EIN: 113021017) is a nonprofit organization based in Chandler, AZ, classified under NTEE code X700. The organization reported total revenue of $1.2M and total assets of $213K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kanchi Kamakoti Seva Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kanchi Kamakoti Seva Foundation Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-32,298 |
| Total Assets | $331K |
| Net Assets | $331K |
| Operating Margin | -2.7% |
| Months of Reserves | 3.3 months |
Financial Health Grade: B
In 2023, Kanchi Kamakoti Seva Foundation Inc reported a deficit of $32K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Kanchi Kamakoti Seva Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.4% | +34.7% | -8.9% |
| 2022 | -3.3% | +16.0% | -10.1% |
| 2021 | +42.6% | +25.4% | +38.6% |
| 2020 | +5.9% | +12.8% | +1.5% |
| 2019 | -26.6% | -42.8% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Kanchi Kamakoti Seva 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Kanchi Kamakoti Seva Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $32K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is a significant positive, suggesting that all funds are directed towards the organization's mission rather than administrative overhead for leadership.
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 Kanchi Kamakoti Seva Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Consistently reports zero liabilities, demonstrating strong financial health and responsible debt management.
- Long history of IRS 990 filings (13 filings), suggesting good transparency and compliance.
- Assets have been maintained over time, with the latest reported at $331,247, providing a stable financial base.
- Revenue consistently in the high six figures to over a million dollars, indicating a sustained ability to attract funding.
Frequently Asked Questions about Kanchi Kamakoti Seva Foundation Inc
Is Kanchi Kamakoti Seva Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kanchi Kamakoti Seva Foundation Inc (EIN: 113021017) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Kanchi Kamakoti Seva Foundation Inc spend its money?
Kanchi Kamakoti Seva Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kanchi Kamakoti Seva Foundation Inc tax-deductible?
Kanchi Kamakoti Seva Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113021017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kanchi Kamakoti Seva Foundation Inc a good charity?
Based on the provided financial data, Kanchi Kamakoti Seva Foundation Inc appears to be a good charity. It consistently reports zero officer compensation and zero liabilities, indicating strong financial stewardship and a focus on its mission. Its consistent filing history also suggests good transparency.
How has the organization's revenue trended over time?
The organization's revenue has fluctuated, ranging from a low of $504,803 in 2016 to a high of $1,183,068 in 2023. While there isn't a consistent upward trend, it has maintained significant revenue levels over the past decade.
What is the significance of zero officer compensation?
Zero officer compensation is a strong positive indicator. It means that the organization's leadership is either volunteering their time or being compensated through other means not reported as officer compensation, allowing a greater proportion of donations to go directly to programs.
Filing History
IRS 990 filing history for Kanchi Kamakoti Seva Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kanchi Kamakoti Seva Foundation Inc's revenue has grown by 68.1%, moving from $704K to $1.2M. Total assets decreased by 13.2% over the same period, from $382K to $331K. Total functional expenses rose by 112.3%, from $573K to $1.2M. In its most recent filing year (2023), Kanchi Kamakoti Seva Foundation Inc reported a deficit of $32K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $331K | $0 | — | — |
| 2022 | $861K | $902K | $364K | $0 | — | View 990 |
| 2021 | $890K | $778K | $405K | $0 | — | View 990 |
| 2020 | $624K | $620K | $292K | $0 | — | View 990 |
| 2019 | $590K | $550K | $288K | $0 | — | View 990 |
| 2018 | $804K | $961K | $247K | $0 | — | View 990 |
| 2017 | $781K | $622K | $405K | $0 | — | View 990 |
| 2016 | $505K | $656K | $246K | $0 | — | View 990 |
| 2015 | $1.1M | $1.1M | $397K | $0 | — | View 990 |
| 2014 | $878K | $859K | $377K | $0 | — | View 990 |
| 2013 | $624K | $612K | $358K | $0 | — | View 990 |
| 2012 | $399K | $435K | $346K | $0 | — | View 990 |
| 2011 | $704K | $573K | $382K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $331K (revenue +37.4% year-over-year).
- 2022: Revenue of $861K, expenses of $902K, and assets of $364K (revenue -3.3% year-over-year).
- 2021: Revenue of $890K, expenses of $778K, and assets of $405K (revenue +42.6% year-over-year).
- 2020: Revenue of $624K, expenses of $620K, and assets of $292K (revenue +5.9% year-over-year).
- 2019: Revenue of $590K, expenses of $550K, and assets of $288K (revenue -26.6% year-over-year).
- 2018: Revenue of $804K, expenses of $961K, and assets of $247K (revenue +3.0% year-over-year).
- 2017: Revenue of $781K, expenses of $622K, and assets of $405K (revenue +54.6% year-over-year).
- 2016: Revenue of $505K, expenses of $656K, and assets of $246K (revenue -56.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $397K (revenue +30.6% year-over-year).
- 2014: Revenue of $878K, expenses of $859K, and assets of $377K (revenue +40.6% year-over-year).
- 2013: Revenue of $624K, expenses of $612K, and assets of $358K (revenue +56.4% year-over-year).
- 2012: Revenue of $399K, expenses of $435K, and assets of $346K (revenue -43.3% year-over-year).
- 2011: Revenue of $704K, expenses of $573K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kanchi Kamakoti Seva Foundation Inc:
Data Sources and Methodology
This transparency report for Kanchi Kamakoti Seva 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.