Akshaya Patra Foundation Usa
Akshaya Patra Foundation USA shows strong revenue growth and efficient spending with zero officer compensation.
EIN: 10574950 · Fremont, CA · NTEE: K30 · Updated: 2026-03-28
Is Akshaya Patra Foundation Usa Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Akshaya Patra Foundation Usa directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Akshaya Patra Foundation Usa
Akshaya Patra Foundation Usa (EIN: 10574950) is a nonprofit organization based in Fremont, CA, classified under NTEE code K30. The organization reported total revenue of $17.1M and total assets of $18.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Akshaya Patra Foundation Usa's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Akshaya Patra Foundation Usa with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Akshaya Patra Foundation Usa allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Akshaya Patra Foundation USA consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is highly commendable for an organization of its size with over $15 million in revenue.
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.
Strengths
The following positive indicators were identified for Akshaya Patra Foundation Usa:
- 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.
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 legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Akshaya Patra Foundation Usa spend its money?
Akshaya Patra Foundation Usa directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Akshaya Patra Foundation Usa tax-deductible?
Akshaya Patra Foundation Usa is registered as a tax-exempt nonprofit (EIN: 10574950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Akshaya Patra Foundation USA a good charity?
Based on its financial data, Akshaya Patra Foundation USA appears to be a good charity. It demonstrates strong revenue growth, efficient spending with a significant surplus in 2023, and a commendable practice of reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization has shown consistent revenue growth, increasing from $3,647,705 in 2014 to $15,485,502 in 2023. Its assets have also grown substantially from $1,783,243 to $14,948,907 over the same period, indicating robust financial health and expansion.
What is the trend in the organization's liabilities?
Liabilities saw a significant increase from under $100,000 in earlier years to over $7 million in 2021 and $8 million in 2022. However, they decreased to $1,245,037 in 2023, suggesting a positive trend in managing its financial obligations.
Filing History
IRS 990 filing history for Akshaya Patra Foundation Usa showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Akshaya Patra Foundation Usa's revenue has grown by 474.4%, moving from $2.7M to $15.5M. Total assets increased by 3077.6% over the same period, from $470K to $14.9M. Total functional expenses rose by 83.9%, from $2.7M to $5.0M. In its most recent filing year (2023), Akshaya Patra Foundation Usa reported a surplus of $10.5M, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $14.9M in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $13.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15.5M | $5.0M | $14.9M | $1.2M | — | View 990 |
| 2022 | $13.4M | $13.3M | $11.3M | $8.1M | — | View 990 |
| 2021 | $12.1M | $12.1M | $10.2M | $7.0M | — | View 990 |
| 2020 | $12.6M | $11.9M | $7.4M | $4.3M | — | — |
| 2019 | $7.6M | $9.5M | $2.5M | $103K | — | View 990 |
| 2018 | $7.1M | $5.5M | $4.3M | $21K | — | View 990 |
| 2017 | $5.2M | $5.2M | $2.8M | $20K | — | View 990 |
| 2016 | $5.3M | $4.3M | $2.8M | $61K | — | View 990 |
| 2015 | $3.6M | $3.6M | $1.8M | $36K | — | View 990 |
| 2014 | $3.6M | $4.1M | $1.8M | $25K | — | View 990 |
| 2013 | $3.0M | $3.6M | $2.2M | $12K | — | View 990 |
| 2012 | $5.7M | $3.3M | $2.8M | $0 | — | View 990 |
| 2011 | $2.7M | $2.7M | $470K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.5M, expenses of $5.0M, and assets of $14.9M (revenue +15.6% year-over-year).
- 2022: Revenue of $13.4M, expenses of $13.3M, and assets of $11.3M (revenue +10.2% year-over-year).
- 2021: Revenue of $12.1M, expenses of $12.1M, and assets of $10.2M (revenue -3.8% year-over-year).
- 2020: Revenue of $12.6M, expenses of $11.9M, and assets of $7.4M (revenue +66.6% year-over-year).
- 2019: Revenue of $7.6M, expenses of $9.5M, and assets of $2.5M (revenue +7.2% year-over-year).
- 2018: Revenue of $7.1M, expenses of $5.5M, and assets of $4.3M (revenue +35.1% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.2M, and assets of $2.8M (revenue -2.0% year-over-year).
- 2016: Revenue of $5.3M, expenses of $4.3M, and assets of $2.8M (revenue +48.9% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.6M, and assets of $1.8M (revenue -1.6% year-over-year).
- 2014: Revenue of $3.6M, expenses of $4.1M, and assets of $1.8M (revenue +21.7% year-over-year).
- 2013: Revenue of $3.0M, expenses of $3.6M, and assets of $2.2M (revenue -47.3% year-over-year).
- 2012: Revenue of $5.7M, expenses of $3.3M, and assets of $2.8M (revenue +111.0% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $470K.
Data Sources and Methodology
This transparency report for Akshaya Patra Foundation Usa 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.