Akshaya Patra Foundation Usa

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Akshaya Patra Foundation Usa Form 990, Revenue, CEO Pay, and IRS Filing Signals

Akshaya Patra Foundation Usa is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Akshaya Patra Foundation Usa in one place.

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 →

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Where the Money Comes From and Where It Goes

Across stored filings, Akshaya Patra Foundation Usa shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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.

Organization Overview

Akshaya Patra Foundation Usa is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Akshaya Patra Foundation Usa reported a surplus of $10.5M with revenue exceeding expenses, holds 36.0 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Akshaya Patra Foundation Usa's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $10.5M, with revenue exceeding expenses.
• Debt-to-asset ratio: 8.3%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Akshaya Patra Foundation Usa:

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.