Quick charity verification for Akshaya Patra Foundation Usa (EIN: 10574950)
Verdict: Akshaya Patra Foundation Usa appears trustworthy
92/100Mission Score
$17.1MRevenue
$18.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong revenue growth, increasing from $3.6M in 2014 to $15.4M in 2023.
Consistent 0% officer compensation reported across all filings, indicating high transparency and mission focus.
Significant asset growth from $1.7M in 2014 to $14.9M in 2023, enhancing long-term stability.
Substantial surplus in 2023 ($15.4M revenue vs. $4.9M expenses), indicating efficient financial management.
Positive trend in reducing liabilities from a peak of over $8M in 2022 to $1.2M in 2023.
Spending Breakdown
How Akshaya Patra Foundation Usa allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Akshaya Patra Foundation Usa
Is Akshaya Patra Foundation Usa a legitimate charity?
Based on AI analysis of IRS 990 filings, Akshaya Patra Foundation Usa (EIN: 10574950) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Akshaya Patra Foundation Usa a good charity to donate to?
Akshaya Patra Foundation Usa has a Mission Score of 92/100. Revenue: $17.1M. Assets: $18.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Akshaya Patra Foundation Usa?
The Employer Identification Number (EIN) for Akshaya Patra Foundation Usa is 10574950. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Akshaya Patra Foundation Usa spend its money?
Akshaya Patra Foundation Usa allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Akshaya Patra Foundation Usa's tax-exempt status?
You can verify Akshaya Patra Foundation Usa's tax-exempt status using EIN 10574950 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Akshaya Patra Foundation USA demonstrates strong financial health and a commitment to its program services, particularly in its most recent filing. In 2023, the organization reported revenue of $15,485,502 against expenses of $4,986,272, indicating a significant surplus that contributes to its growing asset base of $14,948,907. This financial performance suggests efficient management and strong fundraising capabilities. While the organization's liabilities have fluctuated, the 2023 filing shows a manageable liability of $1,245,037 relative to its assets.
The organization's spending efficiency appears robust, with a substantial portion of its expenses directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a focus on mission over executive pay. This practice, combined with a clear growth in revenue and assets over the past decade, suggests a well-managed and financially sound nonprofit.
However, it's worth noting the significant increase in liabilities in 2021 and 2022, reaching $7,020,161 and $8,121,964 respectively, before decreasing in 2023. While the latest filing shows a healthier balance, understanding the nature of these past liabilities would provide a more complete picture of financial stability. Overall, the organization exhibits strong financial health, efficient spending, and a high degree of transparency regarding executive compensation.