Shri Vari Foundation Inc

Nonprofit profile at a glance

EIN: 203519348
IRS 990-EZ coverage: 2013–2014
Forms available: Form 990-EZ 2014
Location: New York, NY, USA
Phone: 6465912304
Rating: 86
Verdict: STRONG
Rating confidence: Moderate
Sector: Hinduism
Affiliation: Hinduism

Reported finances

Revenue: $881
Expenses: $13,501
Assets: $10,771

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

DRPRAKASH SWAMY (PRESIDENT)

People named in this filing

DRPRAKASH SWAMY (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cultural, social awareness, education and music felicitation of accomplished individuals

What it reported doing in 2014

Conducted musical events by eminent scholars in music and felicitated dignitaries. Hosted lunch and provided meals to the about 7000 people for priministers function in New York

Operating model

Revenue model: Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 20
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -1,432.5%; rating input score 1; 1st percentile among comparable filings
Total-asset coverage ratio: 0.8; rating input score 42; 42nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

Program expense growth: 57.1% per year; rating input score 100; 93rd percentile among comparable filings
Revenue growth: -158.1% per year; rating input score 0; 1st percentile among comparable filings
Asset growth: -73.9% per year; rating input score 0; 3rd percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $14K in reported program spending
Leadership: top reported pay $0 · 1 people listed
Consistency: 6 of 6 current checks pass
Schedules: 2 filed schedules
Filing history: 2 filing years from 2013 to 2014
Contacts: How to reach this organization
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Sustainability: Operating margin scored 1/100.
High — Growth: Revenue growth scored 0/100.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
Review — Sustainability: Officer compensation ratio scored 57/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.