Keramida Foundation For Educationand Art Inc
Keramida Foundation shows strong revenue growth and asset accumulation with minimal liabilities and no reported officer compensation.
EIN: 208185683 · Indianapolis, IN · NTEE: A25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $51K |
| Program Spending | 80% |
| Net Assets | $238K |
| Transparency Score | 85/100 |
Is Keramida Foundation For Educationand Art Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keramida Foundation For Educationand Art Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Keramida Foundation For Educationand Art Inc
Keramida Foundation For Educationand Art Inc (EIN: 208185683) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code A25. The organization reported total revenue of $100K and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keramida Foundation For Educationand Art Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keramida Foundation For Educationand Art Inc is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 41.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $200K |
| Total Expenses | $51K |
| Surplus / Deficit | +$149K |
| Total Assets | $238K |
| Total Liabilities | $1 |
| Net Assets | $238K |
| Operating Margin | 74.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 56.3 months |
Financial Health Grade: A
In 2023, Keramida Foundation For Educationand Art Inc reported a surplus of $149K with revenue exceeding expenses, holds 56.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Keramida Foundation For Educationand Art Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +100.0% | -21.4% | +222.7% |
| 2022 | +5.3% | +6.0% | -47.0% |
| 2021 | +4.4% | -17.2% | +32.5% |
| 2020 | +82.0% | +14.9% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
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 Keramida Foundation For Educationand Art Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Keramida Foundation For Educationand Art Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $149K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Keramida Foundation has reported 0% officer compensation across all five filings, indicating that executive leadership is either unpaid or compensated below IRS reporting thresholds, which is a positive sign for donor funds being directed towards the mission rather than high salaries.
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.
Red Flags
The following concerns were identified during AI analysis of Keramida Foundation For Educationand Art Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in public filings.
Strengths
The following positive indicators were identified for Keramida Foundation For Educationand Art Inc:
- Consistent revenue growth, from $50,000 in 2019 to $200,000 in 2023.
- Significant asset growth, reaching $237,949 in 2023.
- Extremely low liabilities ($1 across all periods), indicating strong financial health.
- No reported officer compensation, suggesting efficient use of funds for mission.
- Positive net income in most years, contributing to financial stability.
Frequently Asked Questions about Keramida Foundation For Educationand Art Inc
Is Keramida Foundation For Educationand Art Inc a legitimate charity?
Keramida Foundation For Educationand Art Inc (EIN: 208185683) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. Total revenue: $100K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Keramida Foundation For Educationand Art Inc spend its money?
Keramida Foundation For Educationand Art Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Keramida Foundation For Educationand Art Inc tax-deductible?
Keramida Foundation For Educationand Art Inc is registered as a tax-exempt nonprofit (EIN: 208185683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Keramida Foundation For Educationand Art Inc's spending goes to programs?
Keramida Foundation For Educationand Art Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Keramida Foundation For Educationand Art Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Keramida Foundation For Educationand Art Inc is above average for NTEE category A25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Keramida Foundation For Educationand Art Inc located?
Keramida Foundation For Educationand Art Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 208185683. It is classified under NTEE code A25.
How many years of IRS 990 filings does Keramida Foundation For Educationand Art Inc have?
Keramida Foundation For Educationand Art Inc 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. The most recent filing shows $100K in total revenue.
How does the Keramida Foundation allocate its expenses between program services, administration, and fundraising?
Based on the available IRS 990 data, a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided. However, the overall expense ratio to revenue is low, suggesting efficient use of funds. For example, in 2023, expenses were $50,704 against $200,000 in revenue.
What specific educational and art programs does the Keramida Foundation support?
The IRS 990 data indicates the organization's NTEE code is A25 (Education, Arts & Culture), aligning with its name. However, the filings do not provide specific details on the types of programs or initiatives it funds.
What is the reason for the significant increase in assets from $73,739 in 2022 to $237,949 in 2023?
The substantial increase in assets is primarily due to the significant surplus generated in 2023, where revenue ($200,000) far exceeded expenses ($50,704), leading to a net increase in organizational wealth.
Filing History
IRS 990 filing history for Keramida Foundation For Educationand Art Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Keramida Foundation For Educationand Art Inc's revenue has grown by 300%, moving from $50K to $200K. Total assets increased by 171.5% over the same period, from $88K to $238K. Total functional expenses fell by 20.8%, from $64K to $51K. In its most recent filing year (2023), Keramida Foundation For Educationand Art Inc reported a surplus of $149K, with revenue exceeding expenses. The organization holds $1 in liabilities against $238K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $238K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $200K | $51K | $238K | $1 | — | View 990 |
| 2022 | $100K | $65K | $74K | $1 | — | View 990 |
| 2021 | $95K | $61K | $139K | $1 | — | View 990 |
| 2020 | $91K | $74K | $105K | $1 | — | — |
| 2019 | $50K | $64K | $88K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $200K, expenses of $51K, and assets of $238K (revenue +100.0% year-over-year).
- 2022: Revenue of $100K, expenses of $65K, and assets of $74K (revenue +5.3% year-over-year).
- 2021: Revenue of $95K, expenses of $61K, and assets of $139K (revenue +4.4% year-over-year).
- 2020: Revenue of $91K, expenses of $74K, and assets of $105K (revenue +82.0% year-over-year).
- 2019: Revenue of $50K, expenses of $64K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keramida Foundation For Educationand Art Inc:
Data Sources and Methodology
This transparency report for Keramida Foundation For Educationand Art 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.