Annapurna Foundation
Annapurna Foundation faces inconsistent revenue and declining assets, operating with deficits in recent years.
EIN: 200190770 · Farmingtn Hls, MI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $243K |
| Program Spending | 75% |
| Net Assets | $182K |
| Transparency Score | 60/100 |
Is Annapurna Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Annapurna Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Annapurna Foundation
Annapurna Foundation (EIN: 200190770) is a nonprofit organization based in Farmingtn Hls, MI, classified under NTEE code T20. The organization reported total revenue of $310K and total assets of $188K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Annapurna Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Annapurna Foundation is a small nonprofit that has been operating for 11 years, with 10 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $229K |
| Total Expenses | $243K |
| Surplus / Deficit | $-13,913 |
| Total Assets | $182K |
| Total Liabilities | $1 |
| Net Assets | $182K |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 9.0 months |
Financial Health Grade: B
In 2024, Annapurna Foundation reported a deficit of $14K with expenses exceeding revenue, holds 9.0 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 (2013–2024), Annapurna Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +504.4% | +129.6% | -7.1% |
| 2023 | -49.1% | +34.2% | -25.8% |
| 2022 | -22.5% | +81.8% | -6.5% |
| 2021 | +496.3% | +71.6% | -7.2% |
| 2020 | -53.6% | +4736.7% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Annapurna Foundation with a Mission Score of 60 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, Annapurna 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through means not reported as officer compensation on the 990, which is a positive for minimizing overhead costs.
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 Annapurna Foundation's IRS 990 filings:
- Inconsistent revenue generation and recurring operational deficits (e.g., $243,158 expenses vs. $229,245 revenue in 2024).
- Significant decline in total assets over recent years (from $312,654 in 2019 to $181,516 in 2024).
- Unusually low and consistent $1 reported liabilities across multiple recent filings, which may indicate incomplete financial reporting.
Strengths
The following positive indicators were identified for Annapurna Foundation:
- Consistent filing of IRS 990 forms, indicating compliance with reporting requirements.
- No officer compensation reported across all filings, suggesting a volunteer-driven leadership or very low executive overhead.
- Historically low liabilities (often $0 or $1), indicating minimal debt burden.
Frequently Asked Questions about Annapurna Foundation
Is Annapurna Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Annapurna Foundation (EIN: 200190770) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Annapurna Foundation spend its money?
Annapurna Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Annapurna Foundation tax-deductible?
Annapurna Foundation is registered as a tax-exempt nonprofit (EIN: 200190770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Annapurna Foundation's spending goes to programs?
Annapurna Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Annapurna Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Annapurna Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Annapurna Foundation located?
Annapurna Foundation is headquartered in Farmingtn Hls, Michigan and files with the IRS under EIN 200190770. It is classified under NTEE code T20.
How many years of IRS 990 filings does Annapurna Foundation have?
Annapurna Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $310K in total revenue.
Why are liabilities consistently reported as $1 in recent years?
The consistent reporting of $1 in liabilities across multiple recent filings (e.g., 2024, 2023, 2022) is unusual for an active organization and may indicate an error in reporting or a specific accounting practice that needs clarification.
What is the detailed breakdown of expenses (program, admin, fundraising)?
The provided data does not offer a detailed breakdown of expenses, making it challenging to assess the organization's spending efficiency across program, administrative, and fundraising categories.
How does the organization plan to address recurring operational deficits?
In several recent periods (e.g., 2024, 2023, 2022), the organization's expenses exceeded its revenue, leading to operational deficits. A strategy for achieving financial sustainability is not evident from the provided data.
What caused the significant decline in assets from $312,654 in 2019 to $181,516 in 2024?
The organization's assets have decreased by over $130,000 in five years, suggesting significant asset utilization or losses that warrant further investigation into the underlying causes.
Filing History
IRS 990 filing history for Annapurna Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2024), Annapurna Foundation's revenue has grown by 249.4%, moving from $66K to $229K. Total assets decreased by 34.8% over the same period, from $279K to $182K. Total functional expenses rose by 1894.2%, from $12K to $243K. In its most recent filing year (2024), Annapurna Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1 in liabilities against $182K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $182K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $229K | $243K | $182K | $1 | — | — |
| 2023 | $38K | $106K | $195K | $1 | — | View 990 |
| 2022 | $74K | $79K | $263K | $1 | — | View 990 |
| 2021 | $96K | $43K | $282K | $1 | — | View 990 |
| 2020 | $16K | $25K | $303K | $1 | — | — |
| 2019 | $35K | $523 | $313K | $1 | — | View 990 |
| 2016 | $38K | $16K | $293K | $0 | — | View 990 |
| 2015 | $8K | $22K | $271K | $0 | — | View 990 |
| 2014 | $0 | $21K | $285K | $0 | — | View 990 |
| 2013 | $66K | $12K | $279K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $229K, expenses of $243K, and assets of $182K (revenue +504.4% year-over-year).
- 2023: Revenue of $38K, expenses of $106K, and assets of $195K (revenue -49.1% year-over-year).
- 2022: Revenue of $74K, expenses of $79K, and assets of $263K (revenue -22.5% year-over-year).
- 2021: Revenue of $96K, expenses of $43K, and assets of $282K (revenue +496.3% year-over-year).
- 2020: Revenue of $16K, expenses of $25K, and assets of $303K (revenue -53.6% year-over-year).
- 2019: Revenue of $35K, expenses of $523, and assets of $313K (revenue -8.6% year-over-year).
- 2016: Revenue of $38K, expenses of $16K, and assets of $293K (revenue +352.6% year-over-year).
- 2015: Revenue of $8K, expenses of $22K, and assets of $271K.
- 2014: Revenue of $0, expenses of $21K, and assets of $285K (revenue -100.0% year-over-year).
- 2013: Revenue of $66K, expenses of $12K, and assets of $279K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Annapurna Foundation:
Data Sources and Methodology
This transparency report for Annapurna 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.