Kandu Inc In Receivership As Of 12/28/15
EIN: 386123412 · Lansing, MI
| Metric | Value |
|---|---|
| Total Expenses | $5.1M |
| Net Assets | $-502,364 |
Is Kandu Inc In Receivership As Of 12/28/15 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kandu Inc In Receivership As Of 12/28/15
Kandu Inc In Receivership As Of 12/28/15 (EIN: 386123412) is a nonprofit organization based in Lansing, MI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kandu Inc In Receivership As Of 12/28/15's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kandu Inc In Receivership As Of 12/28/15 is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -19.2%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $5.1M |
| Surplus / Deficit | $-552,288 |
| Total Assets | $4.3M |
| Total Liabilities | $4.8M |
| Net Assets | $-502,364 |
| Operating Margin | -12.1% |
| Debt-to-Asset Ratio | 111.6% |
| Months of Reserves | 10.2 months |
Financial Health Grade: C
In 2015, Kandu Inc In Receivership As Of 12/28/15 reported a deficit of $552K with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 111.6% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Kandu Inc In Receivership As Of 12/28/15's revenue has declined at a compound annual growth rate (CAGR) of -19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -31.9% | -28.8% | -14.8% |
| 2014 | -13.5% | -14.7% | -11.8% |
| 2013 | -14.9% | -12.4% | +4.7% |
| 2012 | -15.0% | -12.7% | -4.3% |
AI Analysis Pending
AI enrichment for Kandu Inc In Receivership As Of 12/28/15 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 Kandu Inc In Receivership As Of 12/28/15 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $552K, with expenses exceeding revenue.
- Debt-to-asset ratio: 111.6%.
Frequently Asked Questions about Kandu Inc In Receivership As Of 12/28/15
Is Kandu Inc In Receivership As Of 12/28/15 a legitimate charity?
Kandu Inc In Receivership As Of 12/28/15 (EIN: 386123412) is a registered tax-exempt nonprofit based in Michigan. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Kandu Inc In Receivership As Of 12/28/15 spend its money?
Kandu Inc In Receivership As Of 12/28/15 reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kandu Inc In Receivership As Of 12/28/15 tax-deductible?
Kandu Inc In Receivership As Of 12/28/15 is registered as a tax-exempt nonprofit (EIN: 386123412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kandu Inc In Receivership As Of 12/28/15 located?
Kandu Inc In Receivership As Of 12/28/15 is headquartered in Lansing, Michigan and files with the IRS under EIN 386123412.
How many years of IRS 990 filings does Kandu Inc In Receivership As Of 12/28/15 have?
Kandu Inc In Receivership As Of 12/28/15 has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Kandu Inc In Receivership As Of 12/28/15 showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Kandu Inc In Receivership As Of 12/28/15's revenue has declined by 57.4%, moving from $10.7M to $4.6M. Total assets decreased by 24.7% over the same period, from $5.8M to $4.3M. Total functional expenses fell by 53.6%, from $11.0M to $5.1M. In its most recent filing year (2015), Kandu Inc In Receivership As Of 12/28/15 reported a deficit of $552K, with expenses exceeding revenue. The organization holds $4.8M in liabilities against $4.3M in assets (debt-to-asset ratio: 111.6%), resulting in net assets of $-502,364.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $4.6M | $5.1M | $4.3M | $4.8M | — | View 990 |
| 2014 | $6.7M | $7.2M | $5.1M | $5.0M | — | View 990 |
| 2013 | $7.7M | $8.4M | $5.8M | $5.2M | — | View 990 |
| 2012 | $9.1M | $9.6M | $5.5M | $4.3M | — | View 990 |
| 2011 | $10.7M | $11.0M | $5.8M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $4.6M, expenses of $5.1M, and assets of $4.3M (revenue -31.9% year-over-year).
- 2014: Revenue of $6.7M, expenses of $7.2M, and assets of $5.1M (revenue -13.5% year-over-year).
- 2013: Revenue of $7.7M, expenses of $8.4M, and assets of $5.8M (revenue -14.9% year-over-year).
- 2012: Revenue of $9.1M, expenses of $9.6M, and assets of $5.5M (revenue -15.0% year-over-year).
- 2011: Revenue of $10.7M, expenses of $11.0M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kandu Inc In Receivership As Of 12/28/15:
Data Sources and Methodology
This transparency report for Kandu Inc In Receivership As Of 12/28/15 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.