Kariti Family Foundation Trust
EIN: 472501069 · Lakewood, NJ · NTEE: T2
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $207K |
| Net Assets | $-381,384 |
Is Kariti Family Foundation Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kariti Family Foundation Trust
Kariti Family Foundation Trust (EIN: 472501069) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code T2. The organization reported total revenue of $2.3M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kariti Family Foundation Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kariti Family Foundation Trust is a mid-size nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $220K |
| Total Expenses | $207K |
| Surplus / Deficit | +$13K |
| Total Assets | $10K |
| Total Liabilities | $392K |
| Net Assets | $-381,384 |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 3863.0% |
| Months of Reserves | 0.6 months |
Financial Health Grade: B
In 2023, Kariti Family Foundation Trust reported a surplus of $13K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 3863.0% (high leverage).
Financial Trends
Over 6 years of filings (2015–2023), Kariti Family Foundation Trust's revenue has declined at a compound annual growth rate (CAGR) of -9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21999900.0% | -51.5% | -80.8% |
| 2022 | -100.0% | -35.6% | -20.9% |
| 2021 | +0.0% | +103.3% | -70.8% |
| 2020 | +110.6% | +20.7% | +326.3% |
| 2019 | -52.6% | +31.9% | -81.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kariti Family Foundation Trust 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 Kariti Family Foundation Trust 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 $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3863.0%.
Frequently Asked Questions about Kariti Family Foundation Trust
Is Kariti Family Foundation Trust a legitimate charity?
Kariti Family Foundation Trust (EIN: 472501069) is a registered tax-exempt nonprofit based in New Jersey. It has 6 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. Financial health grade: B.
How does Kariti Family Foundation Trust spend its money?
Kariti Family Foundation Trust reported $2.3M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kariti Family Foundation Trust tax-deductible?
Kariti Family Foundation Trust is registered as a tax-exempt nonprofit (EIN: 472501069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kariti Family Foundation Trust located?
Kariti Family Foundation Trust is headquartered in Lakewood, New Jersey and files with the IRS under EIN 472501069. It is classified under NTEE code T2.
How many years of IRS 990 filings does Kariti Family Foundation Trust have?
Kariti Family Foundation Trust has 6 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 $2.3M in total revenue.
Filing History
IRS 990 filing history for Kariti Family Foundation Trust showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Kariti Family Foundation Trust's revenue has declined by 56%, moving from $501K to $220K. Total assets decreased by 96.6% over the same period, from $296K to $10K. Total functional expenses rose by 1.2%, from $204K to $207K. In its most recent filing year (2023), Kariti Family Foundation Trust reported a surplus of $13K, with revenue exceeding expenses. The organization holds $392K in liabilities against $10K in assets (debt-to-asset ratio: 3863.0%), resulting in net assets of $-381,384.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $220K | $207K | $10K | $392K | — | View 990 |
| 2022 | $1 | $426K | $53K | $448K | — | View 990 |
| 2021 | $500K | $662K | $67K | $35K | — | View 990 |
| 2020 | $500K | $325K | $228K | $35K | — | — |
| 2019 | $237K | $269K | $54K | $1 | — | View 990 |
| 2015 | $501K | $204K | $296K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $220K, expenses of $207K, and assets of $10K (revenue +21999900.0% year-over-year).
- 2022: Revenue of $1, expenses of $426K, and assets of $53K (revenue -100.0% year-over-year).
- 2021: Revenue of $500K, expenses of $662K, and assets of $67K (revenue +0.0% year-over-year).
- 2020: Revenue of $500K, expenses of $325K, and assets of $228K (revenue +110.6% year-over-year).
- 2019: Revenue of $237K, expenses of $269K, and assets of $54K (revenue -52.6% year-over-year).
- 2015: Revenue of $501K, expenses of $204K, and assets of $296K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kariti Family Foundation Trust:
Data Sources and Methodology
This transparency report for Kariti Family Foundation Trust 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.