Abantika Piyush Shah Foundation
Abantika Piyush Shah Foundation accumulates significant assets with low annual expenses and no reported officer compensation.
EIN: 201320572 · Estero, FL · NTEE: T20 · Updated: 2026-03-28
Is Abantika Piyush Shah Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abantika Piyush Shah Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abantika Piyush Shah Foundation
Abantika Piyush Shah Foundation (EIN: 201320572) is a nonprofit organization based in Estero, FL, classified under NTEE code T20. The organization reported total revenue of $7.8M and total assets of $21.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abantika Piyush Shah Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abantika Piyush Shah Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $927K |
| Total Expenses | $135K |
| Surplus / Deficit | +$792K |
| Total Assets | $21.5M |
| Total Liabilities | $1 |
| Net Assets | $21.5M |
| Operating Margin | 85.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1913.6 months |
Financial Health Grade: A
In 2023, Abantika Piyush Shah Foundation reported a surplus of $792K with revenue exceeding expenses, holds 1913.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Abantika Piyush Shah Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.2% | -90.7% | +3.8% |
| 2022 | -51.5% | +896.6% | -3.5% |
| 2021 | +6.4% | -41.8% | +6.2% |
| 2020 | +26.5% | -55.1% | +5.6% |
| 2019 | +8.4% | +208.2% | +910.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abantika Piyush Shah Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Abantika Piyush Shah Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $792K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Abantika Piyush Shah Foundation's IRS 990 filings:
- Significant unspent revenue year-over-year, leading to large asset accumulation without clear immediate program deployment (e.g., $926,567 revenue vs. $134,673 expenses in 2023).
- Lack of detailed expense breakdown in available data, making it difficult to assess program efficiency.
- Low expense-to-asset ratio, suggesting a potential for under-spending relative to its financial capacity.
Strengths
The following positive indicators were identified for Abantika Piyush Shah Foundation:
- Exceptional financial stability with very low liabilities (consistently $1 reported).
- No reported officer compensation, indicating a volunteer-driven or highly efficient leadership structure.
- Consistent growth in assets, demonstrating strong financial management and investment strategies (from $710,192 in 2011 to $21,476,410 in 2023).
Frequently Asked Questions about Abantika Piyush Shah Foundation
Is Abantika Piyush Shah Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Abantika Piyush Shah Foundation (EIN: 201320572) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Abantika Piyush Shah Foundation spend its money?
Abantika Piyush Shah Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Abantika Piyush Shah Foundation tax-deductible?
Abantika Piyush Shah Foundation is registered as a tax-exempt nonprofit (EIN: 201320572). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is there such a large discrepancy between revenue and expenses in most years?
In 2023, the foundation reported $926,567 in revenue but only $134,673 in expenses. Similarly, in 2021, revenue was $1,403,885 against $144,534 in expenses. This suggests a significant portion of income is not being spent annually, leading to asset accumulation.
How are the accumulated assets of over $21 million being utilized for the organization's mission?
With assets growing from $710,192 in 2011 to $21,476,410 in 2023, and relatively low annual expenses, it's unclear how these substantial assets are directly contributing to the foundation's charitable activities beyond investment.
What are the specific program activities and their associated costs?
The filings show overall expenses but do not detail the breakdown of program service expenses, administrative costs, or fundraising costs, making it difficult to assess the direct impact of spending.
Filing History
IRS 990 filing history for Abantika Piyush Shah Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Abantika Piyush Shah Foundation's revenue has grown by 242.7%, moving from $270K to $927K. Total assets increased by 2924% over the same period, from $710K to $21.5M. Total functional expenses rose by 59.2%, from $85K to $135K. In its most recent filing year (2023), Abantika Piyush Shah Foundation reported a surplus of $792K, with revenue exceeding expenses. The organization holds $1 in liabilities against $21.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $927K | $135K | $21.5M | $1 | — | View 990 |
| 2022 | $680K | $1.4M | $20.7M | $1 | — | View 990 |
| 2021 | $1.4M | $145K | $21.4M | $1 | — | View 990 |
| 2020 | $1.3M | $248K | $20.2M | $1 | — | View 990 |
| 2019 | $1.0M | $553K | $19.1M | $1 | — | View 990 |
| 2015 | $962K | $179K | $1.9M | $1 | — | View 990 |
| 2014 | $176K | $79K | $1.1M | $1 | — | View 990 |
| 2013 | $134K | $113K | $1.0M | $1 | — | View 990 |
| 2012 | $316K | $36K | $991K | $1 | — | View 990 |
| 2011 | $270K | $85K | $710K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $927K, expenses of $135K, and assets of $21.5M (revenue +36.2% year-over-year).
- 2022: Revenue of $680K, expenses of $1.4M, and assets of $20.7M (revenue -51.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $145K, and assets of $21.4M (revenue +6.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $248K, and assets of $20.2M (revenue +26.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $553K, and assets of $19.1M (revenue +8.4% year-over-year).
- 2015: Revenue of $962K, expenses of $179K, and assets of $1.9M (revenue +448.0% year-over-year).
- 2014: Revenue of $176K, expenses of $79K, and assets of $1.1M (revenue +30.7% year-over-year).
- 2013: Revenue of $134K, expenses of $113K, and assets of $1.0M (revenue -57.6% year-over-year).
- 2012: Revenue of $316K, expenses of $36K, and assets of $991K (revenue +17.1% year-over-year).
- 2011: Revenue of $270K, expenses of $85K, and assets of $710K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abantika Piyush Shah Foundation:
Data Sources and Methodology
This transparency report for Abantika Piyush Shah Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.