Highly volatile revenue and expense patterns, making year-over-year financial performance difficult to predict without deeper insight into grant cycles and investment strategies.
Significant fluctuations in liabilities, peaking at $17.6 million in 2021, which could indicate substantial financial commitments or obligations.
Strengths
Strong asset base of $46,721,733, providing long-term financial stability and capacity for grantmaking.
Consistent reporting of 0% officer compensation across all filings, demonstrating excellent financial transparency and commitment to mission-focused spending.
Significant program spending in certain years (e.g., $8.1 million in expenses in 2023), indicating active grantmaking and impact.
Low administrative and fundraising overhead due to the nature of a family foundation with no officer compensation.
Spending Breakdown
How Drs Kiran & Pallavi Patel Familyfoundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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.
Is Drs Kiran & Pallavi Patel Familyfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drs Kiran & Pallavi Patel Familyfoundation Inc (EIN: 203916634) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Drs Kiran & Pallavi Patel Familyfoundation Inc a good charity to donate to?
Drs Kiran & Pallavi Patel Familyfoundation Inc has a Mission Score of 85/100. Revenue: $881K. Assets: $46.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Drs Kiran & Pallavi Patel Familyfoundation Inc?
The Employer Identification Number (EIN) for Drs Kiran & Pallavi Patel Familyfoundation Inc is 203916634. 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 Drs Kiran & Pallavi Patel Familyfoundation Inc spend its money?
Drs Kiran & Pallavi Patel Familyfoundation Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Drs Kiran & Pallavi Patel Familyfoundation Inc's tax-exempt status?
You can verify Drs Kiran & Pallavi Patel Familyfoundation Inc's tax-exempt status using EIN 203916634 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
Drs Kiran & Pallavi Patel Familyfoundation Inc demonstrates a fluctuating financial profile, typical of a family foundation primarily focused on grantmaking rather than direct program delivery. The organization maintains substantial assets, reported at $46,721,733 in the latest filing, indicating a strong endowment base. However, its revenue has been highly variable, ranging from $94,480 in 2023 to over $18 million in 2022. This volatility in revenue, coupled with significant swings in expenses (e.g., $8.1 million in 2023 vs. $166,895 in 2022), suggests that the foundation's financial activity is largely driven by specific grant cycles or investment performance rather than consistent operational funding. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing resources towards its mission rather than executive salaries. The foundation's liabilities have also shown considerable fluctuation, peaking at $17.6 million in 2021, which warrants closer examination to understand their nature and impact on financial stability.