Srinath Foundation Inc
Srinath Foundation Inc operates with minimal revenue and assets, consistently reporting $1 in assets.
EIN: 204970015 · Ames, IA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200 |
| Total Expenses | $180 |
| Program Spending | 100% |
| Net Assets | $0 |
| Transparency Score | 50/100 |
Is Srinath Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Srinath Foundation Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Srinath Foundation Inc
Srinath Foundation Inc (EIN: 204970015) is a nonprofit organization based in Ames, IA, classified under NTEE code T22. The organization reported total revenue of $200 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Srinath Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Srinath Foundation Inc is a micro nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $180 |
| Total Expenses | $180 |
| Surplus / Deficit | +$0 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2020, Srinath Foundation Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 7 years of filings (2011–2020), Srinath Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +12.5% | +12.5% | +0.0% |
| 2019 | -46.7% | -46.7% | +0.0% |
| 2015 | +100.0% | +100.0% | +0.0% |
| 2014 | +0.0% | +0.0% | +0.0% |
| 2013 | +3.4% | +3.4% | +0.0% |
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 Srinath Foundation Inc with a Mission Score of 50 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Srinath Foundation Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are not paid, which is highly efficient for an organization of this extremely small 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.
Red Flags
The following concerns were identified during AI analysis of Srinath Foundation Inc's IRS 990 filings:
- Extremely low and static asset base ($1 across all filings) raises questions about operational capacity and financial substance.
- Minimal revenue stream (latest $200) severely limits potential for significant charitable impact.
Strengths
The following positive indicators were identified for Srinath Foundation Inc:
- Zero officer compensation indicates efficient use of funds by not paying executives.
- Consistent filing of IRS 990s demonstrates compliance and transparency, despite minimal activity.
Frequently Asked Questions about Srinath Foundation Inc
Is Srinath Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Srinath Foundation Inc (EIN: 204970015) some concerns. Mission Score: 50/100. 2 red flags identified, 2 strengths noted.
How does Srinath Foundation Inc spend its money?
Srinath Foundation Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Srinath Foundation Inc tax-deductible?
Srinath Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204970015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Srinath Foundation Inc compare to similar nonprofits?
With a transparency score of 50/100 (Fair), Srinath Foundation Inc is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Srinath Foundation Inc located?
Srinath Foundation Inc is headquartered in Ames, Iowa and files with the IRS under EIN 204970015. It is classified under NTEE code T22.
How many years of IRS 990 filings does Srinath Foundation Inc have?
Srinath Foundation Inc has 7 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 $200 in total revenue.
What is the actual programmatic activity of Srinath Foundation Inc given its minimal financial resources?
With revenues consistently under $300 and assets at $1, the scope of any programmatic activity would be extremely limited, likely relying heavily on in-kind contributions or volunteer efforts not reflected in monetary financials.
Why are assets consistently reported as $1 across all filing periods, despite varying revenues?
The consistent reporting of $1 in assets and liabilities across multiple years, regardless of revenue fluctuations, is unusual and suggests a highly simplified or possibly nominal reporting of its balance sheet, perhaps indicating no significant physical or financial assets are held.
Is Srinath Foundation Inc actively engaged in fundraising, or does it receive incidental donations?
Given the minimal and fluctuating revenue (e.g., $180 in 2020, $300 in 2015), it's unlikely the organization engages in formal fundraising efforts. Revenue appears to be from incidental donations or very small grants.
Filing History
IRS 990 filing history for Srinath Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Srinath Foundation Inc's revenue has grown by 28.6%, moving from $140 to $180. Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses rose by 28.6%, from $140 to $180. In its most recent filing year (2020), Srinath Foundation Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $180 | $180 | $1 | $1 | — | View 990 |
| 2019 | $160 | $160 | $1 | $1 | — | View 990 |
| 2015 | $300 | $300 | $1 | $1 | — | View 990 |
| 2014 | $150 | $150 | $1 | $1 | — | View 990 |
| 2013 | $150 | $150 | $1 | $1 | — | View 990 |
| 2012 | $145 | $145 | $1 | $1 | — | View 990 |
| 2011 | $140 | $140 | $1 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $180, expenses of $180, and assets of $1 (revenue +12.5% year-over-year).
- 2019: Revenue of $160, expenses of $160, and assets of $1 (revenue -46.7% year-over-year).
- 2015: Revenue of $300, expenses of $300, and assets of $1 (revenue +100.0% year-over-year).
- 2014: Revenue of $150, expenses of $150, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $150, expenses of $150, and assets of $1 (revenue +3.4% year-over-year).
- 2012: Revenue of $145, expenses of $145, and assets of $1 (revenue +3.6% year-over-year).
- 2011: Revenue of $140, expenses of $140, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Srinath Foundation Inc:
Data Sources and Methodology
This transparency report for Srinath 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.