INDIAN CHRISTIAN ORTHODOX NETWORK CHARITIES INC

EIN: 202966676 501(c)(3) Philanthropy & Grantmaking

Bettendorf, IA

Total Revenue
$713,588
Total Expenses
$165,917
Total Assets
$790,061
Net Assets
$790,061
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IA
Principal Officer
Abraham Chirackal
Phone
3092693247
Tax Period
2024-01-01 to 2024-12-31

INDIAN CHRISTIAN ORTHODOX NETWORK CHARITIES INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $714K in total revenue in fiscal year 2024. Revenue surged 466% from the prior year, signaling strong growth momentum. The organization ran a surplus of $548K, a strong 77% operating margin.

Mission

Our mission is to offer vital resources and support systems that contribute to the construction of a more equitable and flourishing society. We are committed to elevating the quality of life for those who have been less fortunate, while exemplifying the best aspects of humanity. Our work is a testament to our deep love, unwavering hope, and boundless compassion for all individuals who, due to circumstances beyond their control, lack access to essential requirements like education, shelter, and medical care. Through our dedicated efforts, we aim to bridge these gaps and uplift the lives of those in need, ultimately enriching their overall well-being.

Program Service Accomplishments

Program 1
Expenses: $115,000 Revenue: $0

We firmly believe that education is a powerful tool for breaking the cycle of generational poverty. To this end, we have initiated several programs, including the ICON Excellence Awards, which...

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We firmly believe that education is a powerful tool for breaking the cycle of generational poverty. To this end, we have initiated several programs, including the ICON Excellence Awards, which provide partial and full educational assistance to bright and students from financially challenged backgrounds. In the current year, we have extended our support to 622 college students, offering them partial educational assistance. You can find further details about these students and our programs at http://www.iconexcellenceaward.org. Notably, these students come from economically and socially disadvantaged communities in southern states of India. We also helped 10 students with extra special financial help to complete their education. Our strategic focus is on increasing our support for female students because we firmly believe that educating girls empowers them to become change-makers who have a positive impact on their communities. As we continue to invest in education, we aspire to create a brighter and more equitable future for all.

Program 2
Expenses: $40,937 Revenue: $0

As a testament to our unwavering commitment to assist underprivileged individuals in meeting their housing needs, we have successfully aided 21 families in constructing new homes and renovating...

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As a testament to our unwavering commitment to assist underprivileged individuals in meeting their housing needs, we have successfully aided 21 families in constructing new homes and renovating existing ones to ensure habitability. These beneficiaries hail from profoundly disadvantaged financial backgrounds. Our goal is to provide them with not just shelter but a foundation for a more secure and dignified life.

Program 3
Expenses: $5,270 Revenue: $0

Our humanitarian assistance program serves as a crucial lifeline, offering temporary financial support to families facing dire circumstances beyond their control. This aid extends to a variety of...

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Our humanitarian assistance program serves as a crucial lifeline, offering temporary financial support to families facing dire circumstances beyond their control. This aid extends to a variety of situations, including natural disasters, medical emergencies, and personal hardships. In the year 2024, numerous individuals and families found relief through our medical assistance program, underscoring the pivotal role we play in helping those in their times of greatest need.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $713,588
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $713,588

Expense Breakdown

Grants Paid $161,207
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $165,917
Other Expenses $4,710
TOTAL EXPENSES $165,917

Year-over-Year Comparison

2024 2023 Change
Revenue $713,588 $126,123 +4.7%
Expenses $165,917 $182,366 -0.1%
Net Income $547,671 $-56,243 -10.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Oommen Kappil President 5
Officer Director
$0 $0 $0
Abraham Chirackal Exec Director/Secretary 15
Officer Director
$0 $0 $0
Biju Ninan Treasurer 10
Officer Director
$0 $0 $0
Mathew Samuel Director 2
Officer Director
$0 $0 $0
Dr Sally Nelson Director 1
Officer Director
$0 $0 $0
Rajesh Vargheese Director 2
Officer Director
$0 $0 $0
Binu T Lal Director 2
Officer Director
$0 $0 $0
Dr Mathews Jacob Director 2
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $713,588 $165,917 $790,061 $547,671
2023 $126,123 $182,366 $242,174 $-56,243
2022 $229,252 $292,630 $301,741 $-63,378
2021 $208,951 $275,431 $161,309 $-66,480
2020 $148,430 $148,151 $232,963 $279
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