Is Shree Yogeshwar Charitable Foundation Inc Legit?
Quick charity verification for Shree Yogeshwar Charitable Foundation Inc (EIN: 201721845)
Verdict: Shree Yogeshwar Charitable Foundation Inc has notable concerns
20/100Mission Score
$1.6MRevenue
$7.1MAssets
4Red Flags
3Strengths
Red Flags
Extremely low reported expenses relative to substantial revenue (e.g., $117 expenses on $1.6M revenue in 2022).
Lack of clarity on how significant revenue is being utilized for charitable purposes.
Consistent asset growth without corresponding program spending, suggesting accumulation rather than deployment of funds.
Unusual financial pattern across multiple years, indicating a potential reporting anomaly or unique operational model.
Strengths
Consistent asset growth, reaching over $7 million.
No reported officer compensation, indicating a volunteer-led organization.
Consistent revenue generation over several years.
Spending Breakdown
How Shree Yogeshwar Charitable Foundation Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
100%
Fundraising
Above average fundraising costs
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 Shree Yogeshwar Charitable Foundation Inc
Is Shree Yogeshwar Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shree Yogeshwar Charitable Foundation Inc (EIN: 201721845) has notable concerns. Mission Score: 20/100. 4 red flags identified, 3 strengths noted.
Is Shree Yogeshwar Charitable Foundation Inc a good charity to donate to?
Shree Yogeshwar Charitable Foundation Inc has a Mission Score of 20/100. Revenue: $1.6M. Assets: $7.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shree Yogeshwar Charitable Foundation Inc?
The Employer Identification Number (EIN) for Shree Yogeshwar Charitable Foundation Inc is 201721845. 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 Shree Yogeshwar Charitable Foundation Inc spend its money?
Shree Yogeshwar Charitable Foundation Inc allocates 0% to programs, 0% to administration, and 100% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shree Yogeshwar Charitable Foundation Inc's tax-exempt status?
You can verify Shree Yogeshwar Charitable Foundation Inc's tax-exempt status using EIN 201721845 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
Shree Yogeshwar Charitable Foundation Inc exhibits a highly unusual financial pattern, characterized by substantial revenue generation with minimal corresponding expenses. For instance, in 2022, the organization reported revenue of $1,665,870 against expenses of only $117. This trend is consistent across multiple years, raising significant questions about how funds are being utilized or if the reported expenses accurately reflect operational activities. While the organization has shown consistent asset growth, reaching $7,121,152, the extremely low expense ratios suggest either an exceptionally efficient, almost non-operational model, or a significant lack of transparency regarding the deployment of its financial resources towards its stated charitable mission. The absence of reported officer compensation across all filings indicates a volunteer-led structure, which is a positive for minimizing administrative overhead, but does not clarify the low program spending.
The organization's financial health, as indicated by its growing assets and substantial revenue, appears robust on paper. However, the efficiency of its spending is highly questionable due to the negligible expenses reported relative to its income. With expenses often less than 1% of revenue, it is unclear how the organization is achieving its charitable objectives. This discrepancy makes it difficult to assess its true impact or program effectiveness. The lack of detailed expense breakdown in the provided data further hinders a comprehensive understanding of its financial operations and commitment to its mission.