Karama Inc
EIN: 451497911 · Evansville, IN · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $263K |
| Total Expenses | $296K |
| Net Assets | $43K |
Is Karama Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Karama Inc
Karama Inc (EIN: 451497911) is a nonprofit organization based in Evansville, IN, classified under NTEE code Q33. The organization reported total revenue of $263K and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Karama Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Karama Inc is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $296K |
| Surplus / Deficit | $-12,662 |
| Total Assets | $123K |
| Total Liabilities | $80K |
| Net Assets | $43K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 64.8% |
| Months of Reserves | 5.0 months |
Financial Health Grade: C
In 2020, Karama Inc reported a deficit of $13K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate), has a debt-to-asset ratio of 64.8% (high leverage).
Financial Trends
Over 9 years of filings (2012–2020), Karama Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -1.2% | -18.2% | -19.1% |
| 2019 | -12.7% | -11.1% | -32.0% |
| 2018 | -15.4% | +12.0% | -5.7% |
| 2017 | +20.7% | +18.0% | +14.3% |
| 2016 | +199.1% | +218.4% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Karama 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 Karama 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.8%.
Frequently Asked Questions about Karama Inc
Is Karama Inc a legitimate charity?
Karama Inc (EIN: 451497911) is a registered tax-exempt nonprofit based in Indiana. It has 9 years of IRS 990 filings on record. Total revenue: $263K. No red flags identified. Financial health grade: C.
How does Karama Inc spend its money?
Karama Inc reported $263K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Karama Inc tax-deductible?
Karama Inc is registered as a tax-exempt nonprofit (EIN: 451497911). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Karama Inc located?
Karama Inc is headquartered in Evansville, Indiana and files with the IRS under EIN 451497911. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Karama Inc have?
Karama Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $263K in total revenue.
Filing History
IRS 990 filing history for Karama Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Karama Inc's revenue has grown by 177%, moving from $102K to $283K. Total assets increased by 53.7% over the same period, from $80K to $123K. Total functional expenses rose by 247.3%, from $85K to $296K. In its most recent filing year (2020), Karama Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $80K in liabilities against $123K in assets (debt-to-asset ratio: 64.8%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $283K | $296K | $123K | $80K | — | View 990 |
| 2019 | $287K | $362K | $152K | $96K | — | View 990 |
| 2018 | $328K | $407K | $224K | $93K | — | View 990 |
| 2017 | $388K | $363K | $238K | $28K | — | View 990 |
| 2016 | $322K | $308K | $208K | $23K | — | View 990 |
| 2015 | $108K | $97K | $182K | $11K | — | View 990 |
| 2014 | $244K | $190K | $166K | $5K | — | View 990 |
| 2013 | $168K | $133K | $120K | $13K | — | View 990 |
| 2012 | $102K | $85K | $80K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $283K, expenses of $296K, and assets of $123K (revenue -1.2% year-over-year).
- 2019: Revenue of $287K, expenses of $362K, and assets of $152K (revenue -12.7% year-over-year).
- 2018: Revenue of $328K, expenses of $407K, and assets of $224K (revenue -15.4% year-over-year).
- 2017: Revenue of $388K, expenses of $363K, and assets of $238K (revenue +20.7% year-over-year).
- 2016: Revenue of $322K, expenses of $308K, and assets of $208K (revenue +199.1% year-over-year).
- 2015: Revenue of $108K, expenses of $97K, and assets of $182K (revenue -55.9% year-over-year).
- 2014: Revenue of $244K, expenses of $190K, and assets of $166K (revenue +44.9% year-over-year).
- 2013: Revenue of $168K, expenses of $133K, and assets of $120K (revenue +64.6% year-over-year).
- 2012: Revenue of $102K, expenses of $85K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Karama Inc:
Data Sources and Methodology
This transparency report for Karama 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.