Kanes Gift Inc
EIN: 863097328 · Milan, TN · NTEE: O01
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $117K |
| Net Assets | $134K |
Is Kanes Gift Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kanes Gift Inc
Kanes Gift Inc (EIN: 863097328) is a nonprofit organization based in Milan, TN, classified under NTEE code O01. The organization reported total revenue of $185K and total assets of $186K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kanes Gift Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kanes Gift Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $117K |
| Surplus / Deficit | +$30K |
| Total Assets | $181K |
| Total Liabilities | $48K |
| Net Assets | $134K |
| Operating Margin | 20.5% |
| Debt-to-Asset Ratio | 26.2% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Kanes Gift Inc reported a surplus of $30K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 26.2% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Kanes Gift Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.9% | +12.6% | +23.7% |
| 2022 | +7.2% | +434.0% | +59.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kanes Gift Inc 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 Kanes Gift Inc 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 surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.2%.
Frequently Asked Questions about Kanes Gift Inc
Is Kanes Gift Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kanes Gift Inc (EIN: 863097328) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kanes Gift Inc spend its money?
Detailed spending breakdown data is not yet available for Kanes Gift Inc. Check back for updated IRS 990 analysis.
Are donations to Kanes Gift Inc tax-deductible?
Kanes Gift Inc is registered as a tax-exempt nonprofit (EIN: 863097328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kanes Gift Inc located?
Kanes Gift Inc is headquartered in Milan, Tennessee and files with the IRS under EIN 863097328. It is classified under NTEE code O01.
How many years of IRS 990 filings does Kanes Gift Inc have?
Kanes Gift Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $185K in total revenue.
Filing History
IRS 990 filing history for Kanes Gift Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Kanes Gift Inc's revenue has grown by 31.8%, moving from $111K to $147K. Total assets increased by 96.9% over the same period, from $92K to $181K. Total functional expenses rose by 501.5%, from $19K to $117K. In its most recent filing year (2023), Kanes Gift Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $48K in liabilities against $181K in assets (debt-to-asset ratio: 26.2%), resulting in net assets of $134K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $117K | $181K | $48K | — | — |
| 2022 | $119K | $104K | $146K | $37K | — | — |
| 2021 | $111K | $19K | $92K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $117K, and assets of $181K (revenue +22.9% year-over-year).
- 2022: Revenue of $119K, expenses of $104K, and assets of $146K (revenue +7.2% year-over-year).
- 2021: Revenue of $111K, expenses of $19K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kanes Gift Inc:
Data Sources and Methodology
This transparency report for Kanes Gift 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.