R Karalakulasingam Family Foundation Co
EIN: 823578213 · Prospect, KY · NTEE: P30
Is R Karalakulasingam Family Foundation Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About R Karalakulasingam Family Foundation Co
R Karalakulasingam Family Foundation Co (EIN: 823578213) is a nonprofit organization based in Prospect, KY, classified under NTEE code P30. The organization reported total revenue of $33K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of R Karalakulasingam Family Foundation Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for R Karalakulasingam Family Foundation Co 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 R Karalakulasingam Family Foundation Co 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.
Frequently Asked Questions about R Karalakulasingam Family Foundation Co
Is R Karalakulasingam Family Foundation Co a legitimate charity?
Based on AI analysis of IRS 990 filings, R Karalakulasingam Family Foundation Co (EIN: 823578213) insufficient data. 0 red flags identified, 0 strengths noted.
How does R Karalakulasingam Family Foundation Co spend its money?
Detailed spending breakdown data is not yet available for R Karalakulasingam Family Foundation Co. Check back for updated IRS 990 analysis.
Are donations to R Karalakulasingam Family Foundation Co tax-deductible?
R Karalakulasingam Family Foundation Co is registered as a tax-exempt nonprofit (EIN: 823578213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for R Karalakulasingam Family Foundation Co showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2019–2021), R Karalakulasingam Family Foundation Co's revenue has declined by 93.4%, moving from $505K to $33K. Total assets increased by 166.3% over the same period, from $602K to $1.6M. Total functional expenses rose by 187.6%, from $37K to $105K. In its most recent filing year (2021), R Karalakulasingam Family Foundation Co reported a deficit of $72K, with expenses exceeding revenue. The organization holds $88K in liabilities against $1.6M in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $33K | $105K | $1.6M | $88K | — | — |
| 2020 | $1 | $50K | $1.0M | $88K | — | — |
| 2019 | $505K | $37K | $602K | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $33K, expenses of $105K, and assets of $1.6M (revenue +3326800.0% year-over-year).
- 2020: Revenue of $1, expenses of $50K, and assets of $1.0M (revenue -100.0% year-over-year).
- 2019: Revenue of $505K, expenses of $37K, and assets of $602K.
Data Sources and Methodology
This transparency report for R Karalakulasingam Family Foundation Co 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.