The International Foundation for Carnatic Music
Nonprofit profile at a glance
- EIN
- 651278424
- IRS 990-EZ coverage
- 2008–2012
- Forms available
- Form 990-EZ 2012, Form 990-N 2011
- Location
- Arcadia, CA, USA
- Phone
- 6263544329
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $14,994
- Expenses
- $7,115
- Assets
- $14,203
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide indian classical music knowledge to north american people, and support expansion of classical music
What it reported doing in 2012
Conducted various training program in voice culture, diskhitar programs and Venkata Kavi Sammelan.
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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and the available information about grant readiness automatic revocation leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 100
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.6%; rating input score 40
- Program expense ratio: 83.4%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 52.5%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 2; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 73.7% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 51.5% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 49.9% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 39.6% of revenue deployed · 83.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2008 to 2012
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.