Quick charity verification for Asset India Foundation (EIN: 205139364)
Verdict: Asset India Foundation appears trustworthy
85/100Mission Score
$698KRevenue
$840KAssets
3Red Flags
4Strengths
Red Flags
Extreme year-over-year financial volatility, making consistent financial health difficult to assess.
Consistent 0% officer compensation despite significant revenue, which is unusual for an organization of this scale and could indicate uncompensated leadership or alternative compensation structures.
Assets fluctuating dramatically, from $1 in 2022 to $76,899 in 2023, suggesting potential instability in financial reserves.
Strengths
Strong program spending efficiency, with expenses closely matching revenue in the latest filing (2023 revenue $4,820,662, expenses $4,743,763).
Consistent reporting of 0% officer compensation, indicating a commitment to minimizing administrative overhead related to executive pay.
No reported liabilities in most recent filings, suggesting good debt management.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Spending Breakdown
How Asset India Foundation allocates its funds across programs, administration, and fundraising.
98%
Program Spending
Healthy — majority goes to mission
1%
Admin Costs
Reasonable — admin costs in check
1%
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 Asset India Foundation
Is Asset India Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Asset India Foundation (EIN: 205139364) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Asset India Foundation a good charity to donate to?
Asset India Foundation has a Mission Score of 85/100. Revenue: $698K. Assets: $840K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Asset India Foundation?
The Employer Identification Number (EIN) for Asset India Foundation is 205139364. 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 Asset India Foundation spend its money?
Asset India Foundation allocates 98% to programs, 1% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Asset India Foundation's tax-exempt status?
You can verify Asset India Foundation's tax-exempt status using EIN 205139364 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
Asset India Foundation exhibits highly volatile financial activity, with revenue fluctuating dramatically from $1,800 in 2018 to over $4.8 million in 2023. This makes consistent financial health assessment challenging. The organization consistently reports 0% officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay. However, the significant swings in revenue and expenses, particularly the jump in 2023, warrant closer examination to understand the underlying operational changes and sustainability.
Spending efficiency appears to be strong in the latest filing, with expenses of $4,743,763 against revenues of $4,820,662 in 2023, indicating that most funds are being deployed. The lack of reported liabilities across most years, including the latest, suggests good financial management in terms of debt. The organization's assets have also shown considerable fluctuation, from $1 in 2022 to $76,899 in 2023, which could be indicative of project-based funding and spending cycles rather than a steady accumulation of reserves.
Transparency is generally good given the consistent filing of IRS Form 990s. The consistent reporting of zero officer compensation is a strong point for transparency regarding executive pay. However, the extreme volatility in financial figures year-over-year could raise questions for potential donors about the stability and predictability of the organization's operations and funding sources, requiring more detailed explanations in their public communications.