MISSION
to provide educational scholarships and provide community assistance to assistance and advance education these donations qualify for 501(c)3 status
DEMOGRAPHIC
ADDRESS
3620 W 111TH ST BSMT
60655
COUNTY
cook county, IL
IN CARE OF NAME
WILLIAM NEWBERN
ORGANIZATIONAL OVERVIEW & RANKINGS
KARA KARES is a based in CHICAGO, IL, focused on Educational Institutions and Related Activities causes , specifically Fund Raising and/or Fund Distribution. Established in March 2019, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,709,208 among 2,656,690 nonprofits nationally (Top 65%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 36,579 out of 106,037 organizations in IL (Top 35%).
In cook county, IL, the organization ranks 19,383 out of 46,103 nonprofits by assets (Top 43%), while locally in chicago, it stands at 17,956 among 28,197 organizations (Top 64%).
The organization reported no revenue in the most recent filing period, placing it at 838,246 nationally and 48,335 in IL.
Within its specific NTEE classification (B12 - B: Educational Institutions and Related Activities), which includes 11,494 similar organizations, KARA KARES ranks 6,117 in assets (Top 54%) and 3,959 in revenue (Top 35%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2022 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B12: Fund Raising and/or Fund Distribution
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Sunday, May 15, 2022;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2018
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
03/2019
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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