The Varkey Charitable Foundation Inc

Nonprofit profile at a glance

EIN
261259148
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Orlando, FL, USA
Phone
4073752587
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations
Affiliation
Christianity

Official website

Reported finances

Revenue
$69,005
Expenses
$30,151
Assets
$197,380

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • VARKEY CHACKO (President/Treas)

People named in this filing

  • VARKEY CHACKO (President/Treas)
  • ANN VARKEY (Secretary)
  • SUSAN VARKEY SAMUEL (Director)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide food, clothing, shelter, and educational/medical assistance to the needy, poor, and disabled.emphasis will be assistance to children and the elderly and provided in the christian spirit according to principles outlined in holy scriptures and the bible.

What it reported doing in 2024

Unrestricted contributions have been made to other 501(c)(3)organizations. In addition, direct funding of organizations located in india dealing with the care and treatment of leprosy for needy indivividuals.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 25
  • Transparency & Controls: 100
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.9%; rating input score 40
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 56.3%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 6.55; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 40.4% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 41.5% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 39.9% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.