Saripalli Family Foundation Inc
Saripalli Family Foundation maintains stable assets with fluctuating revenue and zero executive compensation.
EIN: 205868532 · Lawrence, KS · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $3K |
| Program Spending | 90% |
| Net Assets | $322K |
| Transparency Score | 85/100 |
Is Saripalli Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saripalli Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Saripalli Family Foundation Inc
Saripalli Family Foundation Inc (EIN: 205868532) is a nonprofit organization based in Lawrence, KS, classified under NTEE code T22. The organization reported total revenue of $9K and total assets of $322K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saripalli Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saripalli Family Foundation Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $3K |
| Surplus / Deficit | +$6K |
| Total Assets | $322K |
| Total Liabilities | $1 |
| Net Assets | $322K |
| Operating Margin | 66.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1361.0 months |
Financial Health Grade: A
In 2023, Saripalli Family Foundation Inc reported a surplus of $6K with revenue exceeding expenses, holds 1361.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Saripalli Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | -57.6% | +1.7% |
| 2022 | -41.6% | -42.3% | -2.2% |
| 2021 | +277.1% | +876.1% | +0.7% |
| 2020 | -10.2% | -89.0% | +-0.0% |
| 2019 | -83.7% | +62.1% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Saripalli Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Saripalli Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of its size.
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.
Strengths
The following positive indicators were identified for Saripalli Family Foundation Inc:
- Consistent zero officer compensation, indicating high efficiency and dedication of funds to mission.
- Very low liabilities (often $0 or $1) across all periods, demonstrating strong financial stability.
- Stable asset base (around $320,000-$340,000) maintained over a decade, suggesting prudent financial management.
- Expenses are consistently low relative to assets and often significantly lower than revenue, indicating efficient operations.
Frequently Asked Questions about Saripalli Family Foundation Inc
Is Saripalli Family Foundation Inc a legitimate charity?
Saripalli Family Foundation Inc (EIN: 205868532) is a registered tax-exempt nonprofit based in Kansas. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $9K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Saripalli Family Foundation Inc spend its money?
Saripalli Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Saripalli Family Foundation Inc tax-deductible?
Saripalli Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205868532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Saripalli Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Saripalli Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Saripalli Family Foundation Inc located?
Saripalli Family Foundation Inc is headquartered in Lawrence, Kansas and files with the IRS under EIN 205868532. It is classified under NTEE code T22.
How many years of IRS 990 filings does Saripalli Family Foundation Inc have?
Saripalli Family Foundation Inc has 10 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 $9K in total revenue.
Is Saripalli Family Foundation Inc. a good charity?
Based on the provided data, the Saripalli Family Foundation Inc. appears to be a financially stable and efficient grant-making organization. It maintains a healthy asset base, has very low expenses relative to its assets, and reports zero officer compensation, which are all positive indicators. Its program spending is likely high given the low administrative overhead.
What is the primary activity of the Saripalli Family Foundation Inc.?
Given its NTEE code T22 (Private Grantmaking Foundations) and the financial structure (stable assets, fluctuating revenue, low expenses, no officer compensation), it is highly probable that the foundation primarily engages in grant-making activities rather than direct program services.
How has the foundation's revenue trended over the last decade?
The foundation's revenue has been highly variable, peaking at $57,986 in 2013 and dropping to $3,657 in 2020, before recovering slightly to $8,361 in 2023. This fluctuation suggests reliance on varied or inconsistent funding sources, or perhaps a strategy of drawing down assets in some years.
Filing History
IRS 990 filing history for Saripalli Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Saripalli Family Foundation Inc's revenue has declined by 78.4%, moving from $39K to $8K. Total assets increased by 21.4% over the same period, from $265K to $322K. Total functional expenses fell by 66.5%, from $8K to $3K. In its most recent filing year (2023), Saripalli Family Foundation Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $322K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $322K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $3K | $322K | $1 | — | — |
| 2022 | $8K | $7K | $316K | $1 | — | View 990 |
| 2021 | $14K | $12K | $323K | $1 | — | View 990 |
| 2020 | $4K | $1K | $321K | $1 | — | — |
| 2019 | $4K | $11K | $321K | $0 | — | View 990 |
| 2015 | $25K | $7K | $340K | $1 | — | View 990 |
| 2014 | $35K | $10K | $324K | $1 | — | View 990 |
| 2013 | $58K | $10K | $308K | $1 | — | View 990 |
| 2012 | $25K | $22K | $262K | $0 | — | View 990 |
| 2011 | $39K | $8K | $265K | $8 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $3K, and assets of $322K (revenue +3.8% year-over-year).
- 2022: Revenue of $8K, expenses of $7K, and assets of $316K (revenue -41.6% year-over-year).
- 2021: Revenue of $14K, expenses of $12K, and assets of $323K (revenue +277.1% year-over-year).
- 2020: Revenue of $4K, expenses of $1K, and assets of $321K (revenue -10.2% year-over-year).
- 2019: Revenue of $4K, expenses of $11K, and assets of $321K (revenue -83.7% year-over-year).
- 2015: Revenue of $25K, expenses of $7K, and assets of $340K (revenue -29.1% year-over-year).
- 2014: Revenue of $35K, expenses of $10K, and assets of $324K (revenue -39.2% year-over-year).
- 2013: Revenue of $58K, expenses of $10K, and assets of $308K (revenue +136.4% year-over-year).
- 2012: Revenue of $25K, expenses of $22K, and assets of $262K (revenue -36.6% year-over-year).
- 2011: Revenue of $39K, expenses of $8K, and assets of $265K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saripalli Family Foundation Inc:
Data Sources and Methodology
This transparency report for Saripalli Family Foundation 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.